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Nexo

Nexo vs Kraken

VS

General

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

Fees & Financial

Bonus
Nexo Up to $500 USDC with $50,000 deposit in a 3, 6, or 12-month Fixed Term
Kraken Up to $100 USD with invite code: 5pkcpdcs
Token
Nexo NEXO
Kraken
Compounding
Nexo Yes
Kraken No
Payouts
Nexo Daily
Kraken Weekly
Fees
Nexo Limited free withdrawls per month
Kraken Yes
Lockup
Nexo None or 1 month
Kraken
Maker Fee
Nexo
Kraken 0.16
Taker Fee
Nexo
Kraken 0.26

Cryptocurrency Rates

BTC Rate
Nexo 4%
Kraken 0.15%
BTC Max
Nexo 5.5%
Kraken
ETH Rate
Nexo 5%
Kraken 2.25%
ETH Max
Nexo 6.5%
Kraken 6.5%
Stablecoin Rate
Nexo 8%
Kraken 4.25%

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

Pros

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

Cons

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