Home
Brokers

Nexo vs Kraken

Nexo or Kraken – which is better for UK traders 2026? Compare Nexo and Kraken in this detailed breakdown of their platforms, features and fees.

Nexo vs Kraken Comparison Table 2026
Nexo	Kraken

3.9	3.9
Nexo is ranked #26 among crypto brokers.	Kraken is ranked #29 among crypto brokers.
Review	Review
Nexo, a centralized crypto exchange established in 2018 in Bulgaria, operates in nearly 200 jurisdictions from Switzerland. It offers spot and futures trading, cold wallet storage, and fiat on-ramps for purchasing crypto tokens. Registered with reputable financial entities like ASIC, Nexo provides distinctive services, including a credit card.	Kraken excels as a top cryptocurrency exchange, offering a unique trading platform and access to over 600 crypto tokens. It provides leverage of up to 5 times for spot trading with consistent fees and up to 50 times on futures.
Pros
A well-regarded crypto exchange, established in 2018, has initiated steps towards regulatory compliance. Nexo Pro is an intuitive platform tailored for traders, offering robust charting tools that enhance strategic trading. The trading platform features essential tools such as asset-specific newsfeeds and social media analysis. Traders can utilise perpetual futures to take long or short positions on crypto assets, thereby enhancing strategic opportunities. Nexo's platform facilitates cryptocurrency lending and borrowing through its staking and credit features, offering traders some of the most competitive yields in the market. Traders receive bonuses and incentives, such as complimentary trading funds given to lenders and cashback through the exchange's native Nexo token.	Kraken allows accredited US investors to lock cash and stablecoins for 3 to 18 months, earning fixed APY of up to 7%. Kraken, through Payward, obtained VARA approval in the UAE, allowing it to provide Dirham funding and trading pairs to local clients. Kraken Pro offers perpetual futures via a CFTC-regulated venue. Kraken Pro offers competitive trading fees. 3D secure is necessary.
Cons
High deposit and withdrawal fees for cards and e-wallets may deter many traders from using these convenient payment methods. Limited educational resources diminish its attraction for newcomers, who may discover more valuable materials with leading platforms such as eToro. Elevated maker/taker fees result in higher derivative trading costs compared to alternative exchanges. The selection of tokens is broad relative to many crypto brokers, yet it remains limited when compared to similar crypto exchanges such as Kraken.	Insider data breach and extortion event impacting customer information in April 2026. Delayed verification for Pro accounts. Limited support for newer altcoins. Minimal leverage in spot trading. Slow processing times
Awards
Best Cryptocurrency Wallet – FinTech Breakthrough Awards, 2023 Best Use of Crypto and/or Blockchain in Financial Services – PAY360 Awards, 2022
FCA Regulated
No List of FCA Regulated Brokers	No List of FCA Regulated Brokers
Instruments
Cryptos, Perpetual Futures	Cryptos, Pre-IPO Perpetual Futures, Tokenized Stocks
Demo Account
No	Yes
Minimum Deposit
$10	$10
Payment Methods
Apple Pay Credit Card Debit Card Google Pay Wire Transfer	ACH Transfer Apple Pay Credit Card Debit Card Etana Google Pay Wire Transfer
Minimum Trade
$30	Variable
Regulator
SEC & CFTC (via Bakkt)	FINTRAC, AUSTRAC, CySEC, CBI
Mobile Apps
iOS & Android	iOS & Android
Trading App
	We tested Kraken with a live account and found it intuitive, particularly against rivals such as Binance. From the ‘+’ icon, users can explore tokens, manage portfolios, and buy, sell, convert or schedule recurring purchases in a few taps. Two-factor authentication and biometric login support secure access. It is also one of few crypto apps offering a route to potential proprietary funding.
iOS App Rating
3.8	4.7
Android App Rating
4	4.2
Margin Trading
Yes	Yes
MetaTrader 4
No	No
MetaTrader 5
No	No
cTrader
No	No
AlgoTrader
No	Yes
OmniTrader
No	No
TradingView
No	No
Autochartist
No	No
eSignal
No	No
Trading Central
No	No
STP Account
No	No
ECN Account
No	No
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
No	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
Yes	Yes
Auto Trading
	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
Inactivity Fee
	$0
Islamic Account
No	No
Account Currencies
USD EUR GBP	USD EUR GBP CAD AUD JPY CHF
Cryptocurrency
Nexo provides trading on approximately 100 tokens, such as Bitcoin. Users can buy, sell, and exchange digital assets directly on the platform or trade in over 500 pairings. Additionally, digital assets serve as collateral for fiat loans or can earn passive income through the ‘smart staking’ feature.	Kraken is a dedicated cryptocurrency exchange offering over 600 digital currencies, encompassing major coins like Bitcoin and various altcoins. Traders can access spot markets with 1:5 leverage or futures at 1:50. The platform is intuitive, with competitive fees.
Spread
N/A	0-0.26% average
Coins
BTC ETH NEXO USDT USDC AXS RUNE MATIC DOT APE AVAX KSM ATOM FTM NEAR BNB ADA SOL XRP LTC LINK BCH TRX XLM EOS PAXG UNI DOGE MANA SAND GALA SUSHI AAVE CRV MKR 1INCH DAI USDP TUSD	AAVE ALGO ANT REP REPV2 BAT BAL XBT BCH ADA LINK COMP ATOM CRV DAI DASH MANA XDG EWT EOS ETH ETC FIL FLOW GNO ICX KAVA KEEP KSM KNC LSK LTC MLN XMR NANO OCEAN OMG OXT PAXG DOT QTUM XRP SC XLM STORJ SNX TBTC USDT XTZ GRT TRX UNI USDC WAVES YFI ZEC BNB
Crypto Lending
Yes	No
Crypto Mining
No	No
Crypto Staking
Yes	Yes
Auto Market Maker
No	No

Nexo	Kraken
Review	Review
More Comparisons
Nexo vs	Kraken vs