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🛒 FTX: 1st $30 in Fees for FREE + 10% Discount 👉 https://man.coinbureau.com/ftx/
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– TIMESTAMPS –
1:40 Who is Kraken & FTX?
11:10 Country & Asset Support
13:00 Deposit & Withdrawals
15:35 Trading Fees
18:22 Trading Interfaces
19:26 Customer Support
20:06 Other Features
22:13 Final Thoughts
📺 Recommended Vids 📺
► Ultimate information to FTX US: https://www.youtube.com/watch?v=mFTZFdgJrjg
► All it is advisable to learn about Kraken: https://www.youtube.com/watch?v=TwTqG3vDzeg
► Complete FTX walkthrough: https://www.youtube.com/watch?v=ywJdQxTBF0g
► The fact behind leverage: https://www.youtube.com/watch?v=z4_8xVYGvks
⛓️ 🔗 Useful Links 🔗 ⛓️
► Kraken licenses: https://assist.kraken.com/hc/en-us/articles/360031282351-Is-Kraken-licensed-or-regulated-
► Kraken accepted international locations: https://assist.kraken.com/hc/en-us/articles/360001368823-Where-can-I-use-Kraken-#h_01FFFG5WQCXVKG9V0EV4H2NAB9
► FTX blocked international locations: https://assist.ftx.com/hc/en-us/articles/360042412652-Location-Restrictions-
► Kraken supported cryptos: https://assist.kraken.com/hc/en-us/articles/360000678446-Cryptocurrencies-available-on-Kraken
► FTX charges: https://assist.ftx.com/hc/en-us/articles/360024479432-Fees
► Kraken charges: https://www.kraken.com/options/fee-schedule/#kraken-pro
❓ Who is Kraken & FTX? ❓
Kraken opened its doorways to merchants method again in 2011. To put that into context, Bitcoin had solely been round for two years again then.
But who heads up Kraken? Well, that will be Jesse Powell – who noticed the MTGOX trade debacle unfold in entrance of him. That impressed him to start out Kraken.
Kraken relies out of San Francisco and has accomplished 28 funding rounds – I think about that’s partly resulting from their stringent regulatory compliance.
But what about FTX? Well, these guys have raised over $1.3 billion in funding in 2021. A bunch of that appears to have been spent on blockbuster sponsorship offers
Now, relating to who’s behind FTX, that will be Alameda Research – a serious crypto VC. Anyhow, these guys incubated FTX trade.
🔒 Security 🔒
Kraken claims to be dwelling to ‘industry-leading safety’. Those claims appear to be nicely based, with 95% of all crypto on the trade being stored offline in chilly storage. There additionally isn’t a large honeypot of crypto both.
I get into the safety precautions made by Kraken on this vid – so test that out!
When it involves FTX, they’ve a number of the greatest account security measures I’ve ever seen. That consists of issues like setting withdrawal passwords
🌍 Country & Asset Support 🌍
Kraken helps a really intensive vary of nations. So, except you reside in North Korea, then likelihood is that you could create an account right here.
With FTX, they’ve as a substitute used a restricted nation checklist. Yes, that primarily consists of the standard international locations on the worldwide naughty checklist. However, if you’re from the US then you definitely’ll need to try FTX’s US model of the trade.
When it involves supported cryptos, Kraken provides you entry to round 100, while about 275 can be found at FTX.
💵 Deposit & Withdrawal Methods 💵
Now, fiat foreign money assist is especially vital should you dwell in a rustic with an unique foreign money – if you’re not cautious you might pay big international trade charges.
The excellent news is that each Kraken and FTX assist a good variety of fiat currencies. However, FTX does supply just a few extra.
Both exchanges supply deposits by way of card, however you’ll be charged a hefty charge should you use that. I’d actually go for financial institution deposits right here – use that and you’ll deposit on each exchanges without cost.
📈 Trading Fees 📈
You ought to take note of these – they actually add up over time. At Kraken, you’ll doubtless pay 0.26% in buying and selling charges. Whereas at FTX, most of it is possible for you to to slash that to simply over 0.06% – 4 and a half instances cheaper than Kraken.
🖥️ Trading Interfaces 🖥️
Honestly, I discover Kraken’s interface a little bit cluttered and have to offer FTX the sting right here.
🎧 Customer Support 🎧
Kraken crushes FTX fingers down right here. They supply actually good dwell chat assist, whereas FTX simply affords ticketed electronic mail assist and the choice to succeed in out to them on a bunch of social platforms.
🤔 Other Features 🤔
Watch my vid to be taught what else these exchanges supply.
📜 Disclaimer 📜
The data contained herein is for informational functions solely. Nothing herein shall be construed to be monetary, authorized or tax recommendation. The content material of this video is solely the opinions of the speaker who will not be a licensed monetary advisor or registered funding advisor. Trading cryptocurrencies poses appreciable danger of loss. The speaker doesn’t assure any specific end result.
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