Kraken vs OKX Comparison

Kraken
Kraken
4.2of 5
Go to Kraken
vs
OKX
OKX
Winner
4.5of 5
Go to OKX
0.99 %Fees0.35 %
€ 9.90Cost for €1,000€ 1.10
380+Cryptos270+
SEPA Instant Transfer, SEPA Transfer, PayPal, Credit CardPayment MethodsDeposits: SEPA / SEPA Instant, Open Banking, Credit Card and PayPal Express purchases: PayPal, Google Pay, Apple Pay and Credit Card
EU: MiCA USA: CFTC UK: FCARegulationMiCA license

Cost comparison

The basis is a Bitcoin purchase worth €1,000, including all fees and spreads.

KrakenOKX
€ 9.90Cost for €1,000€ 1.10
0.99 %Fees0.35 %
€ 1.49Wallet transfer€ 2.24
LimitedCost transparencyYes
€ 1Minimum Amount~$10 USD
SEPA Instant Transfer, SEPA Transfer, PayPal, Credit CardPayment MethodsDeposits: SEPA / SEPA Instant, Open Banking, Credit Card and PayPal Express purchases: PayPal, Google Pay, Apple Pay and Credit Card

On a €1,000 purchase you pay €8.80 less at OKX.

Pros & Cons

Kraken
Kraken
Pros
  • Over 380 cryptocurrencies available
  • Savings plan and staking offered
  • On the market since 2011 – one of the oldest crypto exchanges
  • Payment methods: SEPA instant bank transfer, PayPal, and credit card
  • Wallet transfer fees of approx. €1.49
  • Minimum investment possible from €1
Cons
  • Trading fees of 0.99% could be improved compared with cheaper exchanges
  • Total costs of €9.90 per trade occasionally criticized
  • Cost transparency is assessed as limited
  • No EU regulation or BaFin license available
Kraken Reviews
OKX
OKX
Pros
  • MiCA license available – EU-regulated via OKX Europe Ltd (Malta)
  • Trading fees of 0.35 % are considered low
  • Total costs of just 1.10 € per trade
  • Proof of reserve is provided
  • Wide range of payment methods: SEPA, PayPal, credit card, Apple Pay, Google Pay
  • Recurring savings plan via DCA Bot and staking available
Cons
  • Selection of 270+ cryptocurrencies is room for improvement compared with some competitors
  • KYC process with eID and photo ID is occasionally criticized as time-consuming
OKX Reviews

Score Comparison

4.5Usability4.7
4.5Features4.8
4.1Fees4.7
4.1Stability4.4
4.1Support4.4

User Experiences

AI Analysis
4.5
App Store
4.4
4.2
Google Play
4.2
3.4
Trustpilot
2.3
Kraken
Kraken

According to the analyzed user reviews, Kraken is often described as simple and easy to understand, especially with regard to the app and basic usability. At the same time, users mainly report criticism of support-related topics and costs, so the overall picture from a user perspective is mixed.

OKX
OKX

According to the analyzed user reviews, OKX is mentioned by many users for its intuitive app, easy usability, and wide range of coins. At the same time, users also report critical experiences with support, as well as occasionally with blocked accounts or blocked withdrawals.

This analysis is based on 1184 user reviews evaluated by AI from the Apple App Store, Trustpilot, and Google Play Store. The total number of reviews on the respective platforms may be higher — the platform ratings (star ratings) shown refer to all reviews available there. The reviews shown reflect users’ experiences and do not represent the site operator’s own assessment. All information without guarantee. Status: March 2026. This comparison does not constitute investment advice.

Features

KrakenOKX
Savings plan
Staking
Wallet transfer
Cost transparency
2FA security
Account lock
SEPA instant bank transfer
PayPal
Credit card
Mobile app (iOS/Android)
Recurring savings plan
Anti-phishing code
Passkey login
Wallet whitelist
Web platform
Kraken
KrakenHighlights
  • On the market since 2011 with a significant market presence
  • Comprehensive security protocols incl. 2FA and account lock
  • 380+ cryptocurrencies tradable
  • Savings plan and staking on one platform
OKX
OKXHighlights
  • One of the first exchanges with a MiCA license in the EU
  • Total costs of 1.10 € are considered particularly low
  • Proof of reserve available for transparency
  • Express purchases via PayPal, Apple Pay, and Google Pay possible
  • Minimum investment from just 1 €

The five areas head to head

AI Analysis

Fees & Costs

Kraken
Kraken

The reviews present a mixed picture when it comes to fees and costs: on the one hand, low fees are mentioned positively several times; on the other hand, users criticize high fees. According to user reviews, the perception of costs is therefore not consistent.

OKX
OKX

When it comes to fees, users report a mixed impression: on the one hand, low costs are mentioned; on the other hand, some users perceive the fees as high. According to reviews, the perception of costs from the user perspective apparently depends on usage and transaction type.

Usability & User Experience

Kraken
Kraken

Users particularly appreciate Kraken’s intuitive app and clear design, which are repeatedly described in reviews as easy to use. According to the reviews, getting started is quick for many users, and overall navigation is also mentioned positively. Some users report that the app does not open immediately, which makes usability appear limited from the perspective of individual reviews.

OKX
OKX

According to reviews, users at OKX especially appreciate the intuitive app, the easy handling, and the clean interface. In everyday use, the platform is described by many as easy to understand. Occasionally, users also would like a German-language interface and a landscape mode.

Features & Offering

Kraken
Kraken

In the analyzed user reviews, there are only a few recurring statements about features and the offering, which is why this area mainly reveals individual requests. Among other things, users want a candlestick chart, a prediction market, an auto-sell function, a 72-hour timer, and a widget for the app. In addition, some users would like more support for beginners and a calendar. Overall, the feedback mainly shows additional feature requests.

OKX
OKX

According to user reviews, the range of coins and features is viewed positively by many. Users report that the platform is experienced as versatile and offers different use cases. Occasionally, users would like more fiat options, additional bot options, and adjustments to the withdrawal whitelist.

Stability & Security

Kraken
Kraken

Regarding stability and reliability, the analyzed user data mainly contains individual critical feedback. Some users report that the app cannot be opened immediately or that withdrawals are perceived as delayed. Overall, however, the available data is not sufficient, according to the reviews, to derive a clearly reliable user picture for this area.

OKX
OKX

Regarding stability and reliability, users report in some cases smooth usage and in other cases problems related to accounts or withdrawals. In the reviews, blocked accounts and blocked withdrawals are occasionally mentioned. Overall, the user data does not present a uniform picture.

Customer Support

Kraken
Kraken

When it comes to support, users comparatively often report longer waiting times or no response at all. According to the reviews, missing help and slow reactions are repeatedly criticized, making this area clearly viewed critically from a user perspective. Individual feedback also suggests that issues are not always resolved promptly.

OKX
OKX

The user reviews of support are mostly critical. Users report slow or unanswered replies, and occasionally describe customer service as not helpful or as not being perceived at all. In addition, several users would like better support in German.

Details

KrakenOKX
Payward Inc.CompanyOKX Europe Ltd
2011Founded2017
EU: MiCA USA: CFTC UK: FCARegulationMiCA license
€ 1Minimum Amount~$10 USD
Photo IDKYCeID, Photo ID

Verdict

In our overall rating OKX leads with 4.5 against 4.2 for Kraken.

On a €1,000 purchase you pay €8.80 less at OKX.

For most investors OKX is therefore the better choice.

KrakenOur Opinion

Kraken is considered one of the oldest and most established crypto exchanges and has been active in the market since 2011. With over 380 tradable cryptocurrencies as well as savings plan and staking features, the platform is appreciated by long-term investors. The extensive security protocols, including 2FA and account lock, are rated positively.

The trading fees of 0.99% and total costs of €9.90 per trade are in the middle range compared with cheaper providers. The lack of EU regulation or a BaFin license is occasionally criticized. Cost transparency is regarded as limited, which some users see as room for improvement.

Kraken is considered particularly suitable for investors who value a long-established platform with a wide coin selection and want to use savings plans and staking — even without EU regulation.

OKXOur Opinion

OKX is considered one of the first crypto exchanges with a fully fledged MiCA license in the EU and is valued for combining regulatory compliance with low fees. With trading fees of 0.35 % and total costs of just 1.10 € per trade, OKX is among the cheapest providers in the comparison. The availability of proof of reserves is positively viewed by security-conscious users.

The selection of 270+ cryptocurrencies is room for improvement compared with some competitors with over 600 coins. The KYC process with eID and photo ID is also occasionally criticized as time-consuming. However, the extensive payment methods — including PayPal, Apple Pay, and Google Pay — are seen as practical.

OKX is particularly suitable for cost-conscious investors who prefer an EU-regulated platform with a MiCA license and low trading fees and are willing to make compromises on coin selection.