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Nexo

Kraken vs Nexo

VS

General

Platform
Kraken logo
Nexo logo
Founded
Kraken 2011
Nexo 2017
Headquarters
Kraken San Francisco, CA
Nexo Switzerland
Availability
Kraken Worldwide
Nexo Worldwide

Fees & Financial

Bonus
Kraken Up to $150
Nexo Up to $500 USDC with $50,000 deposit in a 3, 6, or 12-month Fixed Term
Token
Kraken
Nexo NEXO
Compounding
Kraken No
Nexo Yes
Payouts
Kraken Once or twice a week, depending on coin
Nexo Daily
Fees
Kraken Yes
Nexo Limited free withdrawls per month
Lockup
Kraken
Nexo None or 1 month
Maker Fee
Kraken 0.16
Nexo
Taker Fee
Kraken 0.26
Nexo

Cryptocurrency Rates

BTC Rate
Kraken 0.15%
Nexo 4%
BTC Max
Kraken
Nexo 6%
ETH Rate
Kraken 2.25%
Nexo 5%
ETH Max
Kraken 6.5%
Nexo 7%
Stablecoin Rate
Kraken 6.5%
Nexo 8%

Pros

  • Offers on and off-chain staking
  • Full exchange services

Cons

  • Interest rate will vary (Kraken takes a flat 15% from staking rewards)

Pros

  • Good rates for all coins deposited
  • Popular platform
  • 1-5 free withdrawal per month depending on loyalty tier

Cons

  • $5,000 minimum deposit
  • Best rates require earning in NEXO token

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