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⏰ Time Stamps ⏰
1:55 Coinbase Pro Overview
2:34 Kraken Overview
3:18 Safety Comparison
8:30 Supported Cryptos
9:52 Supported Countries
10:27 Deposit Methods Comparison
11:20 Exchange Fees
13:47 Account Opening Tips
15:06 Coinbase Pro Training Functionality
16:52 Kraken Trading Functionality
18:11 Customer Support
19:18 Mobile Apps & API’s
20:04 Final Thoughts
⛓️ 🔗 Helpful Links 🔗 ⛓️
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► Coinbase accepted countries:
► Kraken Supported Cryptos:
► Coinbase Pro Supported Cryptos:
📝 Overview 📝
Getting your hands on your first crypto coins is not easy and it can be even more confusing to know which exchange to use. I’m going to cut through the noise and just tell you that two top options are Coinbase Pro and Kraken. However, the big question is: which one is right for you?
I go through all the pros and cons of these two exchange titans to help you pick the right one.
❓About Coinbase Pro & Kraken❓
Coinbase has been around since 2013 and is based in San Francisco. It boasts over 30 million users and over $150 billion has been traded on the platform. Coinbase Pro is Coinbase’s advanced trading platform and is touted by many as being one of the best ways to get into crypto.
Kraken has been around even longer and was founded in 2011. Like Coinbase, they are also based in San Francisco. Over 4 million active traders call Kraken their home and they are even raising funding at a $4 billion valuation – not too shabby.
Coinbase Pro uses all the same security protocols and procedures as Coinbase. 98% of user funds are stored offline and the private keys are stored in multiple safe deposit boxes.
USD accounts have FDIC insurance for USD accounts.
Kraken keeps 95% of all deposits offline. Servers are even protected by armed guards. Both exchanges also offer 2FA protection to secure their accounts and are trusted by institutional clients.
₿ Supported Cryptos ₿
Coinbase Pro supports 29 different cryptocurrencies to the 34 supported by Kraken.
💸 Fiat Support 💸
Coinbase Pro offers USD, EUR and GBP support. Kraken offers all that, plus CAD, YEN and Swiss Franc trading pairs.
🌎 Accepted Countries 🌎
Kraken accepts customers from everywhere in the world except: Afghanistan, Cuba, Guinea, Iran, Iraq, Japan, North Korea and Tajikistan.
Coinbase, on the other hand, accepts users from 100+ different countries.
💳 Deposit Methods 💳
Kraken’s core deposit method is bank transfer. Coinbase Pro has more options and supports PayPal, debit card and credit card for some countries.
💰 Fees 💰
Coinbase Pro is signficantly more expensive to use than Kraken. If you want to watch those fees, then the choice is clear.
🖥️ Account Opening Tips 🖥️
You will have to KYC at both exchanges. With Coinbase Pro you need to open and verify a regular Coinbase account first. Your login and password will be exactly the same for Coinbase Pro.
📈 Trading Functionality 📈
Watch my video to learn all about that.
🎧 Customer Support 🎧
Coinbase Pro offers email and limited phone support. Kraken offers 24/7 live chat which usually responds in 30 seconds.
📱 Mobile Apps & API’s 📱
Both exchanges offer mobile apps and APIs to connect to crypto trading bots.
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading Forex, cryptocurrencies and CFDs poses considerable risk of loss. The speaker does not guarantee any particular outcome.
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