Gemini, established in 2014 by the Winklevoss brothers, is a prominent cryptocurrency exchange. It ranks among the top 20 globally, recognised for the founders' early ties to Facebook. Traders on Gemini have access to over 110 cryptocurrencies for trading and staking. In certain areas, derivatives trading is also available. The platform offers advanced proprietary tools and features, including an NFT marketplace.
Kraken is a top cryptocurrency exchange featuring a specialised trading platform and over 220 cryptocurrency tokens. Traders can access up to 1:5 leverage for spot trading with consistent rollover fees, and up to 1:50 for futures trading. The platform additionally offers crypto staking and hosts an engaging NFT marketplace.
Pros
The trading app boasts a modern, user-friendly design with an intuitive interface. It offers a superb selection of charting tools for traders.
The TradingView integration offers excellent tools, such as backtesting and algorithmic trading features.
The exchange mandates two-factor authentication for all crypto investors, ensuring robust security measures.
Crypto perpetual futures can be accessed in numerous regions, offering leverage of up to 1:100.
A good selection of educational guides and tutorials is available for novice traders.
Has maintained an excellent security history with no breaches over the past ten years since inception.
An impressive selection of over 220 well-established cryptocurrencies.
NFT marketplace and crypto staking offered for traders.
Excellent trading platform and mobile app.
Kraken Pro offers competitive trading fees.
50x leverage on futures trading enables traders to multiply potential returns by borrowing funds. This allows traders to control larger contract sizes with a smaller capital outlay. With increased leverage, the risks and rewards are both amplified, requiring careful risk management.
Minimum deposit requirement is only $10.
3D secure is necessary.
Unlocking the world of mobile investing offers traders a convenient platform to buy and sell assets. With intuitive apps, investors swiftly execute trades, analyse market trends, and manage portfolios. Mobile platforms empower users by providing real-time data and seamless access to financial markets. This modern approach enhances flexibility, allowing traders to respond instantly to market changes. For the savvy trader, mobile investing significantly streamlines the investment process, making it an indispensable tool in today’s fast-paced financial environment.
Crypto staking
Cons
The exchange's history includes troubling incidents, such as the failure of its Earn programme and a phishing attack.
The mobile app's 'convenience fee' appears arbitrary, reducing the feature's efficiency for traders.
Certain funding methods incur substantial fees, such as a 3.49% charge for card transactions.
Certain major cryptocurrencies by market capitalisation are unavailable for purchase on Gemini.
There is no practice or demo account available for prospective traders.
Delayed verification for Pro accounts.
Limited support for newer altcoins.
Minimal leverage in spot trading.
Does not accept deposits in traditional currency.
Slow processing times
Awards
Best Cryptocurrency Exchange 2019 - Markets Choice Awards
Kraken Futures is integrated in other platforms which have bots: Bookmap, Caspian, FMZ Quant, Gunbot, HaasOnline, Hyndor, Margin
Copy Trading
No
No
Social Trading
No
No
VPS Hosting
No
No
Tournaments
No
No
Demo Competitions
No
No
Ethical Investing
No
No
Custodial Account
No
No
Guaranteed Stop Loss
No
No
Islamic Account
No
No
Account Currencies
USD
EUR
GBP
CAD
AUD
HKD
SGD
USD
EUR
GBP
CAD
AUD
JPY
CHF
Cryptocurrency
Gemini provides access to over 110 cryptocurrencies on its platform, supported by its own Gemini Dollar stablecoin and perpetual swap derivatives. The robust ActiveTrader system is tailored for online trading, offering numerous technical indicators across seven time frames.
Kraken is a dedicated crypto exchange offering over 220 cryptocurrencies, including major tokens like Bitcoin and various altcoins. Traders can engage in spot markets with leverage of up to 5:1, or in futures markets with leverage up to 50:1. The platform provides low fees and is highly user-friendly.
