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Kraken vs Alto

Kraken is a good crypto exchange with competitive fees and variety of coins. How does it compare to Alto? Read our comparison chart below.

Kraken is a mainstream cryptocurrency exchange with over 50 coins to trade and a range of staking options with average rates. They support margin trading, indices, and futures trading. They have low fees, but users may find it challenging to fund their accounts compared to other platforms.

While Alto is an IRA custodian that lets you invest in a variety of unique alternative assets, such as crypto, real estate, land, venture capital, and more. Alto CryptoIRA offers over 200+ coins and has no account fees.

Compare Kraken with Alto, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

 

Kraken

Alto

SPECIAL OFFER
Buy and Sell Cryptocurrencies - Learn More

Read Kraken Review

SPECIAL OFFER
Alto CryptoIRA® - Learn More

Read Alto Review

 

Benefits and Features

Minimum Deposit
$10
$10
Cryptocurrencies Supported
56
200+
Countries Supported
Over 170
U.S. (with exception of Hawaii)
Fiat Currencies SupportedUSD, EUR, CAD, AUD, GBP, CHF, JPY
USD
Digital Wallet
No
Yes
Transaction Fee
0.00% - 0.26%
1%
Copy Trading
No
 
Limit Orders
Yes
 
Margin Trading
Yes
 
Crypto Loans
No
 
Setup Fee 
$0
Bank Account Purchase Fee
0.5% + $0.10
 
Debit Card Purchase Fee
3.75% + €0.25
 
Wallet Purchase Fee1.5% or 0.9% for stablecoins & FX pairs 
Credit Transaction Fee
3.75% + €0.25
 
Mobile App
Yes
 
Wire Transfer Fee
$4 - $35
$25 outgoing
Crypto Conversion Fee
1.5% or 0.9% for stablecoins
 
SEPA Bank Transfer Fee
€0.09 - €35
 
Withdrawal Fee
Varies by coin
 
Other Fees1-time address setup fees for first-time deposits of many cryptocurrencies, varies by currency 
Address Allowlisting
Yes
 
Anonymity
No
 
Biometric Login
Yes
 
Cold Storage
Yes
Yes
Two-Factor AuthenticationGoogle Authenticator or Yubikey
Yes
Withdrawal LimitDepends on verification level. Cryptocurrencies - Beginner: $5,000 / day; Intermediate: $500,000 / day; Pro: $10,000,000 / day; Fiat Currencies - Express: $9,000 / day; Intermediate: $100,000 / day; Pro: $10,000,000 / dayNone. 10% penalty under 59 1/2 years old
 

CreditDonkey® Reviews

Cryptocurrency TradingStarStarStarStarStarStarStarStarStarStar
Mobile AppStarStarStarHalf StarEmpty Star
Commissions and FeesStarStarStarStarEmpty StarStarStarStarStarHalf Star
Ease of UseStarStarStarEmpty StarEmpty StarStarStarStarStarStar
ResearchStarStarStarStarEmpty StarStarStarEmpty StarEmpty StarEmpty Star
SafetyStarStarStarStarEmpty StarStarStarStarEmpty StarEmpty Star
Pros & ConsPros:
  • Advance market interface
  • Many trading pairs
Cons:
  • Not beginner friendly
  • Difficult to fund account
Pros:
  • 75+ partners for alternative assets
  • Transparent low pricing
  • 200+ cryptos
  • $10 minimum
Cons:
  • Partners are not vetted
  • No solo 401k
Bottom LineGood crypto exchange with competitive fees and variety of coins... Read full reviewLow cost IRA provider for investing in alternative assets and cryptos... Read full review

Buy and Sell Cryptocurrencies

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Kraken: Pricing information from published website as of 04/13/2021.

Alto: Pricing information from published website as of 02/08/2022.

Which is Better: Kraken or Alto?

Still need help deciding which crypto is better? Read the in-depth reviews below. You may also be interested in comparing Kraken or iTrustCapital.

In short: Kraken's research and safety are worth mentioning. Alto's ease of use is excellent.


Articles on Kraken

Kraken Review

Kraken is a cryptocurrency exchange with a reputation for low fees and high security. How do they compare to their competitors? Read on to find out.

Articles on Alto

AltoIRA

Alto IRA is a self-directed retirement account that allows users to invest in a range of unique assets. But is it legit? Keep reading to find out.

Is Alto IRA Safe and Legit

Alto IRA lets you put alternative assets like real estate, venture capital, and crypto into your retirement account. But is it safe and legit?

Which Do You Think is Best?





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Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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