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.

		KrakenAcorns
	Visit Site	Learn More
	Robinhood	Kraken
	OFFER Get a Free Stock (worth between $5 and $200) - Learn More Read Robinhood Review	SPECIAL OFFER Buy and Sell Cryptocurrencies - Learn More Read Kraken Review
	Benefits and Features
Stock Trading	$0
Options Trading	$0
Minimum Deposit	$0	$10
Mutual Fund Trading	No
Cryptocurrencies Supported	AAVE, AVAX, BTC, BCH, LINK, COMP, DOGE, ETH, ETC, LTC, SHIB, XLM, XTZ, UNI, USDC	56
Fiat Currencies Supported	USD	USD, EUR, CAD, AUD, GBP, CHF, JPY
Digital Wallet	No	No
Transaction Fee	No	0.00% - 0.26%
Copy Trading	No	No
Limit Orders	Yes	Yes
Margin Trading	Margin rates will vary based on a customer's margin balance, ranging from 5.7% to 6.75%.	Yes
Crypto Loans	No	No
Bank Account Purchase Fee	No	0.5% + $0.10
Debit Card Purchase Fee	No	3.75% + €0.25
Banking	Offers Robinhood spending account with Robinhood Cash Card issued by Sutton Bank
Mobile App	iOS & Android	Yes
Wire Transfer Fee	No	$4 - $35
Crypto Conversion Fee	No	1.5% or 0.9% for stablecoins
Anonymity	No	No
Biometric Login	TouchID or FaceID	Yes
Cold Storage	Yes	Yes
Two-Factor Authentication	Device approvals, Authenticator app, SMS	Google Authenticator or Yubikey
Withdrawal Limit	$50,000 per business day	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	No
Futures Trading	No
	CreditDonkey® Reviews
Stock Trading
Options Trading
Minimum Deposit
Mobile App
Commissions and Fees
Customer Service
Ease of Use
Research
Cryptocurrency Trading
Safety
Pros & Cons	Pros: Commission-free trades No minimum Extended trading hours Cons: Limited research No mutual funds & bonds	Pros: Advance market interface Many trading pairs Cons: Not beginner friendly Difficult to fund account
Bottom Line	Free way to trade stocks with limited bells and whistles... Read full review	Good crypto exchange with competitive fees and variety of coins... Read full review
	Visit Site	Learn More
	Get a Free Stock (worth between $5 and $200) Commission-Free Trades Buy and Sell Cryptocurrency	Buy and Sell Cryptocurrencies
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.

Get a Free Stock (worth between $5 and $200)

Get a Free Stock

Commission-Free Trades

Get Deal

Trade stocks, funds, options, and cryptocurrencies

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.

Get Deal

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.

Articles on Robinhood

Robinhood Review

Robinhood lets you trade stocks commission-free and has no account minimums. Is it safe? Are there hidden fees? Read on for the pros and cons.

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Robinhood IRA Review

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How Does Robinhood Make Money

Robinhood earns money through payment for order flow, interest rates, and subscriptions. Learn how these factors contribute to Robinhood's success.

Buy Bitcoin on Robinhood or Coinbase Pro

Robinhood and Coinbase Pro are two of the biggest names in retail investing and crypto trading. But which is best for buying Bitcoin?

Articles on Kraken

Kraken Review

Kraken is a cryptocurrency exchange with a reputation for low fees and high security. How do they compare to their competitors? Read on to find out.

Which Do You Think is Best?

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