Compare Paxful.com vs. Kraken.com

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82 82

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88 88

Pro:

Trade gift cards for BTC instantly
A wide variety of payment methods and currencies accepted, at least in theory
Easy to join and get going

Low fees
Excellent liquidity in both USD and EUR markets
Margin and futures trading supported
Only exchange platform selected to support investigation into Mt. Gox's stolen Bitcoins
Stable regulatory compliance towards the government under which it operates
Plenty of tradeable cryptocurrencies
Great security features
Friendly interface and a lot of information about the exchange

Contra:

Mixed reviews
Slow customer support
High commissions charged (by the seller) for buying Bitcoin with uncommon methods or in non-mainstream currencies

Sometimes has uptime problems when market gets hot.
Verifications take time.
Unlike many other Bitcoin exchange platforms, it does not work as crypto wallet.
Although it is not solely a Bitcoin exchange for US, Kraken has a lot of restrictions for a wide range of countries, specially for credit card purchases.
Compared to other exchange companies, Kraken's services are quite limited.

Company Location:

Company Location USA

Company Location San Francisco, CA.

Customer Support:

Customer Support 24/7 Live Chat, Support Forum, Instagram, Facebook, Twitter, Youtube, Reddit

Customer Support live chat, email, phone, facebook, twitter, linkedin

Futures:

Futures No

Futures Yes

Derivates:

Derivates No

Derivates Yes

Margin Trading:

Margin Trading No

Margin Trading up to 5x

Has been hacked:

Has been hacked No

Security:

Security Excellent

Tradeable Coins:

Tradeable Coins Bitcoin, Tether, Ethereum

Tradeable Coins ZEC, YFI, WAVES, USDC, UNI, TRX, GRT, XTZ, USDT, TBTC, SHIB, SNX, STORJ, SC, XRP, QTUM, SDN, DOT, PAXG, OXT, OMG, OCEAN, NANO, XMR, XLM, LTC, LSK, KNC, SAND, KEEP, KAVA, ICX, GNO, FLOW, FIL, ETH, ETC, ETH2, EOS, MLN, EWT, DOGE, MANA, DASH, DaiDAI, CRV, ATOM, COMP, LINK, ADA, BTC, BCH, BAT, BAL, REP, REPV2, ANT, ALGO, AAVE

Trading Volume:

Trading Volume Low

Trading Volume High

Deposit Fees:

Deposit Fees No

Deposit Fees 10 USD for FedWire (Silvergate) 5 USD for FedWire (Synapse) 10 USD for SWIFT (Silvergate Bank) 3 USD for SWIFT (Bank Frick) 3 EUR for SWIFT (Bank Frick) 1.25 CAD + 0.25% of the transaction for In-person cash or debit (Canada Post) 1.5% of the transaction for Interac e-Transfer 3 CAD for SWIFT (Bank Frick) 21 GBP for CHAPS (ClearJunction) 3 GBP for SWIFT (Bank Frick) 0.75 CHF for SIC (Bank Frick) 0.75 CHF for SWIFT (Bank Frick)

Trading Fees:

Trading Fees 0.00%-1.00% (with gift cards up to 5%)

Trading Fees 0.00%-0.26%

Withdrawal Fees:

Withdrawal Fees Yes

About Paxful.com:
Paxful.com – A P2P network for the “normal people” Paxful, the “Uber of Bitcoin”, was founded in the summer of 2015 by Ray Youssef and Artur Schaback. The company is based in 3422 Old Capitol Trail, Wilmington, Delaware. It became widely known in that same year after they helped sex workers to accept Bitcoin as […] Read Paxful.com Review »

About Kraken.com:
Kraken is a recognized cryptocurrency exchange that has been offering their trading services since 2011. The platform currently allows users to buy and sell more than 90 digital assets agains USD and other fiat currencies such as GBP, EUR, USD, CAD, JPY, CHF and AUD. Not only you can directly buy all these cryptocurrencies but […] Read Kraken.com Review »