Robinhood vs Kraken
Robinhood is a free way to trade stocks with limited bells and whistles. How does it compare to Kraken? Read our comparison chart below.
Robinhood offers $0 stock trades by cutting out physical offices and manual account management. Only basic stock trading can be performed on the mobile app. There is no minimum deposit or maintenance fee, though there is an optional paid premier customer tier starting at $5/month.
While Kraken is a mainstream cryptocurrency exchange with over 50 coins to trade and a range of staking options with average rates. They support margin trading, indices, and futures trading. They have low fees, but users may find it challenging to fund their accounts compared to other platforms.
Compare Robinhood with Kraken, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
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Visit Site | Learn More | |
Robinhood | Kraken | |
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Get a Free Stock (worth between $5 and $200) - | Buy and Sell Cryptocurrencies - | |
Benefits and Features | ||
Stock Trading | ||
Options Trading | ||
Minimum Deposit | ||
Mutual Fund Trading | ||
Cryptocurrencies Supported | AAVE, AVAX, BTC, BCH, LINK, COMP, DOGE, ETH, ETC, LTC, SHIB, XLM, XTZ, UNI, USDC | |
Fiat Currencies Supported | USD, EUR, CAD, AUD, GBP, CHF, JPY | |
Digital Wallet | ||
Transaction Fee | ||
Copy Trading | ||
Limit Orders | ||
Margin Trading | Margin rates will vary based on a customer's margin balance, ranging from 5.7% to 6.75%. | |
Crypto Loans | ||
Bank Account Purchase Fee | ||
Debit Card Purchase Fee | ||
Banking | Offers Robinhood spending account with Robinhood Cash Card issued by Sutton Bank | |
Mobile App | ||
Wire Transfer Fee | ||
Crypto Conversion Fee | ||
Anonymity | ||
Biometric Login | ||
Cold Storage | ||
Two-Factor Authentication | Device approvals, Authenticator app, SMS | Google Authenticator or Yubikey |
Withdrawal Limit | Depends on verification level. Cryptocurrencies - Beginner: $5,000 / day; Intermediate: $500,000 / day; Pro: $10,000,000 / day; Fiat Currencies - Express: $9,000 / day; Intermediate: $100,000 / day; Pro: $10,000,000 / day | |
Forex Trading | ||
Futures Trading | ||
CreditDonkey® Reviews | ||
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Stock Trading | ![]() ![]() ![]() ![]() ![]() | |
Options Trading | ![]() ![]() ![]() ![]() ![]() | |
Minimum Deposit | ![]() ![]() ![]() ![]() ![]() | |
Mobile App | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Commissions and Fees | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Customer Service | ![]() ![]() ![]() ![]() ![]() | |
Ease of Use | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Research | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Cryptocurrency Trading | ![]() ![]() ![]() ![]() ![]() | |
Safety | ![]() ![]() ![]() ![]() ![]() | |
Pros & Cons | Pros:
| Pros:
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Bottom Line | Free way to trade stocks with limited bells and whistles... | Good crypto exchange with competitive fees and variety of coins... |
Visit Site | Learn More | |
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Robinhood: Pricing information from published websites as of 08/13/2024. Kraken: Pricing information from published website as of 04/13/2021. |
Buy and Sell Cryptocurrency
Robinhood Crypto offers commission-free cryptocurrency investments 24/7. Some of the cryptocurrencies available are Bitcoin, Dogecoin, Ethereum, and Litecoin. This offer is currently available to selected states.
Which is Better: Robinhood or Kraken?
In short: Robinhood's commissions and fees and ease of use are impressive. Kraken's research is worth mentioning.