Kraken vs Gemini: fees, withdrawals, safety and which to use
A $1,000 bank transfer purchase costs $8 at Kraken and $12 at Gemini.
Kraken vs Gemini fees
For $1,000, both Kraken and Gemini list fees in dollars on their own pages.
| $1,000 and the basics | Kraken | Gemini |
|---|---|---|
| Buy by bank transfer (ACH) | $8 | $12 |
| Buy by debit card | $37.75 | $34.90 |
| Buy by wire | $8 | $12 |
| Sell and send to your bank (ACH) | $8 | $12 |
| Cash out to your bank (ACH) | $0 | $0 |
| Cash out by wire | $4 | $25 |
| Cash out instantly to a debit card | $15 | – |
| Send Bitcoin to a wallet | $1.21 | – |
| States it does not serve | New York, Maine | Serves every state |
| Serves New York | No | Yes |
| Bank withdrawal | Free, 0-2 business days | With no fee, an ACH withdrawal started before 3pm ET is typically handled that day or the following working day. |
| NYDFS licence | No | Yes |
| FinCEN registration | Registered | – |
| App Store rating (ratings) | 4.7 (36,140) | 4.8 (109,951) |
| Google Play rating (ratings) | 4.3 (56,075) | 4.0 (55,353) |
| Coins listed | 721 | 99 |
A dash means the exchange lists no figure for that row. "Not offered" says that the method isn't supported.
Kraken vs Gemini in your state
Unlike Kraken, Gemini serves New York and Maine.
Kraken vs Gemini withdrawals
Kraken bank withdrawals are free and arrive within 0-2 working days. The cutoff is 2pm EST.
Gemini charges no fee for bank withdrawals. An ACH withdrawal started before 3pm ET is typically handled that day or the following working day.
Kraken vs Gemini safety
Kraken has no NYDFS licence for New York.
According to NYDFS, Gemini either holds a licence or a charter in New York.
Kraken vs Gemini apps and coins
Kraken’s app scores 4.7 on a 5-point App Store scale across 36,140 ratings. Its Google Play rating is 4.3, based on 56,075 ratings.
Gemini’s app scores 4.8 on a 5-point App Store scale across 109,951 ratings. On Google Play, Gemini has a rating of 4.0 based on 55,353 ratings.
Between Kraken and Gemini, which one should you choose?
- Choose Kraken if its order book and Kraken Pro are what you'll use.
- Choose Gemini when Gemini ActiveTrader and its order book are what you'll use, or when your state isn't one the others serve.
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