Kraken vs River: fees, withdrawals, safety and which to use
Buying $1,000 by bank transfer costs $8 on Kraken and $10 on River.
Kraken vs River fees
At $1,000, Kraken’s dollar fees come from its website, while River’s come from its own.
| $1,000 and the basics | Kraken | River |
|---|---|---|
| Buy by bank transfer (ACH) | $8 | $10 |
| Buy by debit card | $37.75 | – |
| Buy by wire | $8 | $10 |
| Sell and send to your bank (ACH) | $8 | – |
| Cash out to your bank (ACH) | $0 | $0 |
| Cash out by wire | $4 | $0 |
| Cash out instantly to a debit card | $15 | $10 |
| Send Bitcoin to a wallet | $1.21 | – |
| States it does not serve | New York, Maine | Nevada, New York |
| Serves New York | No | No |
| Bank withdrawal | Free, 0-2 business days | Standard withdrawals are free and reach you in 1 to 3 working days. |
| NYDFS licence | No | No |
| FinCEN registration | Registered | – |
| App Store rating (ratings) | 4.7 (36,140) | 4.9 (9,070) |
| Google Play rating (ratings) | 4.3 (56,075) | – |
| Coins listed | 721 | – |
The exchange has not published a number for that row when you see a dash. The phrase "Not offered" tells you that the method isn't supported.
Kraken vs River in your state
River doesn't serve Nevada, while Kraken does.
Kraken doesn't serve Maine, while River does.
Kraken vs River withdrawals
Free bank withdrawals through Kraken reach you in 0-2 working days, with a 2pm EST cutoff.
River's bank withdrawals are free. Standard payouts take 1 to 3 working days, with a $10 minimum.
Kraken vs River safety
In New York, Kraken doesn't hold an NYDFS licence.
River has no NYDFS licence for New York.
Kraken vs River apps and coins
Kraken’s App Store rating is 4.7 out of 5, based on 36,140 ratings. Its Google Play rating is 4.3 from 56,075 ratings.
River’s app has an App Store rating of 4.9 out of 5 across 9,070 ratings.
Which exchange should you choose: Kraken or River?
- If you use Kraken Pro, along with its order book, choose Kraken.
- Choose River if its app and simple buy screen are what you want.
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