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Kraken
kraken.comSummary
Kraken is a cryptocurrency exchange platform that allows users to buy, sell, trade, and store various cryptocurrencies. It also offers commission-free trading of US stocks and ETFs for eligible clients. The platform emphasizes security and provides tools for both novice and advanced traders.
Feature Matches2/12
See all2/12
Must Have
2 of 5
Commission-Free Stock Trading
Bitcoin Trading
Instant P2P Transfers
Prepaid Debit Card (Cash App Card)
Early Direct Deposit
Other
0 of 7
Fraud Monitoring & Security
High-Yield Savings
Round-Up Savings
Pay Over Time (Afterpay)
Instant Discounts & Offers
Customizable Card Designs
ATM Access & Fee Reimbursement
PricingFreemium
See allFreemium
Kraken+ (Monthly)
$4.99 monthly
- Zero trading fees up to $10k/month (currently $20k/month promo) on app/web Buy, Sell, Convert features
- Boosted USDG yield (up to 4%+ APR)
- Early access to new tools (e.g., Atlas)
- Free crypto tax reports (800 Kraken transactions free with Koinly + 50% off any paid plan)
- Exclusive airdrops via Kraken Reef
- Priority support
- Spread and payment processing fees still apply
- Zero-fee trading does not apply to Spot, Futures, API, or OTC trades on Kraken Pro
- Boosted USDG yield and airdrops have geographic restrictions
- Automatically renewing subscription
Kraken+ (Yearly)
$49.99 yearly
- Zero trading fees up to $10k/month (currently $20k/month promo) on app/web Buy, Sell, Convert features
- Boosted USDG yield (up to 4%+ APR)
- Early access to new tools (e.g., Atlas)
- Free crypto tax reports (800 Kraken transactions free with Koinly + 50% off any paid plan)
- Exclusive airdrops via Kraken Reef
- Priority support
- Spread and payment processing fees still apply
- Zero-fee trading does not apply to Spot, Futures, API, or OTC trades on Kraken Pro
- Boosted USDG yield and airdrops have geographic restrictions
- Automatically renewing subscription
Rationale
Kraken is primarily a cryptocurrency exchange, which aligns with the 'Bitcoin Trading' feature. Additionally, they explicitly offer 'Commission-Free Stock Trading' for US clients, directly matching that feature. However, they do not offer peer-to-peer transfers in the same manner as Cash App, nor do they provide a general-purpose prepaid debit card or early direct deposit services. While they have some security features, they are not specifically highlighted as 'Fraud Monitoring & Security' in the context of a broad financial app like Cash App. They also do not offer high-yield savings, round-up savings, pay-over-time options, instant discounts, customizable card designs, or ATM access with fee reimbursement, which are features of Cash App.
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Reddit·tech_enthusiast·2d ago·+142
I've been using Alternative A for 6 months now and it's been fantastic. The pricing is much better and the features are actually more robust than what [Product] offers.
Show HN: We built a better [Product]
Hacker News·startup_founder·5d ago·+89
After struggling with [Product]'s limitations, we decided to build our own solution.
It handles edge cases much better and the API is actually documented properly.
Check it out at our site.
[Product] vs Competitor B - which one should I choose?
Reddit·confused_buyer·Oct 14·+67
Honestly, after trying both, Competitor B wins hands down. Better customer support, cleaner interface, and they don't nickel and dime you for every feature.
Why we migrated away from [Product]
Hacker News·cto_mike·Oct 11·+234
The breaking point was when they changed their API without notice. We lost 3 days of productivity. Solution C has been rock solid for us since we switched.