Kraken vs PayTrie
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Kraken appeals to a global audience with its extensive selection of cryptocurrencies, advanced trading features, and high liquidity, making it suitable for both beginners and experienced traders seeking a comprehensive trading platform. It offers sophisticated tools like futures trading and staking, catering to users with diverse trading strategies and investment needs.
PayTrie, in contrast, specializes in providing Canadians with a focused platform for stablecoin transactions, aiming for simplicity and efficiency in a niche market.
While Kraken serves those looking for a wide-ranging crypto trading experience with depth and global access, PayTrie appeals to users in Canada looking for a streamlined and straightforward approach to stablecoin trading.
Read my Kraken Review
Kraken Fees
- Fiat Deposits: 1.5%
- Spread: 0 to 0.26% per trade
- Crypto withdrawal: 0.00001 BTC
- Check fees and prices on Kraken
Funding & Withdrawal Options
- Interac E-Transfer
- Wire Transfer (Etana Custody)
- In-person at Canada Post
Cryptocurrencies: 65+
✅ Kraken Pros
- One of the oldest exchanges in crypto
- Full trade platform
- Crypto to crypto trading pairs
- 24/7 live chat support
- Low spread fee
❌ Kraken Cons
- Complicated fee structure
- Not as beginner-friendly
- 1.5% deposit fee on fiat
- High crypto withdrawal fee
PayTrie Fees
- Spread: 0.6%
- Minimum $5 Fee
- Check fees and prices on PayTrie
Funding & Withdraw Options
- Interac e-Transfer
Cryptocurrencies: Stablecoins Only
✅ PayTrie Pros
- Fast and simple to use
- OTC desk with a minimum of $25k per transaction
- Use the Ethereum, Binance Smart Chain, or Polygon networks for your stablecoins
- Fast account verification
❌ PayTrie Cons
- Stablecoins only
- No app. Website only.
Compare More Top Canadian Crypto Exchanges
Spread % | Withdraw Fee | Deposit Fee | # of Coins | ||
1 - 2% | $0 | $0 | 2 | ||
0.75-1.5% | Crypto: Free up to $5 | $0 | 60+ | ||
0.2% | Crypto:~$10 | $0 | 30+ | ||
0.5% | Fiat: $0 | $0 | 30+ | n/a | |
0 - 1.5% | Fiat: 1.5% | $0 | 25+ | ||
0.2 - 0.3% | Crypto: 0.00001 BTC | Fiat: 1.5% | 65+ | ||
VirgoCX | 0.5 - 2.5% | Fiat: $0 | $0 | 67+ | |
Coinbase | 0.5% | 1.49 - 3.99% | 1.49 - 3.99% | 100+ | |
Wealthsimple | ~1.5 - 2% | $0 | $0 | 49+ | |
Crypto.com | ~0.4% | Crypto:~$13 | $0 | 100+ | |
PayTrie | 0.6% | $0 | $0 | 7 stablecoins | n/a |
Bull Bitcoin | 0.5 - 1.25% | Crypto: you decide fee | $0 | 1 | n/a |
Coinsquare | 1.5% | Fiat: 0 - 1.5% Crypto: 0.0005 BTC | $0 | 39+ | n/a |
Bitcoin Well | 0.21% | Variable | $0 | 1 |
Related
- Shakepay vs Newton
- Kraken vs Coinbase
- Bitbuy vs Shakepay
- Kraken vs Binance
- Newton vs NDAX
- Newton vs Wealthsimple
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions.
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Nooxli is basic how-to crypto guides, reviews, and information for beginners to get started with cryptocurrency in Canada. Personal investment disclosure: I am long BTC & ETH. I take profits when I feel like it. I trade altcoins in hot markets. NOT investment advice. Investing in cryptocurrency is risky. Do your own research.
Seen in: Finbold, CoinMarketCap, Times Tabloid, and TheBitTimes.com
