The process to create an account, link a payment method, browsing the available cryptocurrencies and purchasing with fiat is beginner-friendly on both the website and mobile app. In contrast, Gemini exchange is limited to 26 coins, however, includes the major coins by market capitalization such as Ethereum, XRP and Solana.īoth exchanges are on-par in our overall exchange rating system, however, Gemini is slightly ahead as the best cryptocurrency exchange for beginners. The fees are marginally higher compared to Kraken but a clear point of difference with Gemini is its ease of use and simplicity. These include the major cryptocurrencies such as Bitcoin, Ethereum, Litecoin, LINK and XRP as well as up-and-coming DeFi tokens. Kraken supports 94 digital assets on its trading platform that can be purchased with fiat or other digital coins at the time of writing. Therefore, the availability of supported cryptocurrencies can influence the decision of which exchange to use, as well as the supported fiat currencies to purchase them with. Most beginners will know of Bitcoin, but there are hundreds of other altcoins and DeFi tokens that can be bought and sold. Which Cryptocurrency Assets Are Available? In our opinion, Gemini has the best fiat to crypto service between the two due to its ease of use and speed to make a trade using the web or mobile app. The entire website is visually appealing, easy to understand and quick to use. The exchange is purpose-designed to streamline the fiat on-ramp process for new investors. The process to create an account, complete identity verification, link a payment method and purchase cryptocurrency should be fast, simple and safe to use. Kraken and Gemini offer very different user interfaces, so which is better for beginners?īy comparison, Gemini does not offer a trading platform for crypto-to-crypto swaps. The user experience is an important consideration for beginners that are looking for the best way to buy Bitcoin with local currency. Accepted countries include the United States, Europe, UK, Australia, Singapore, Africa, New Zealand, Canada and many others. Both exchanges allow citizens in multiple countries to buy and sell crypto with local fiat money using a bank transfer or debit card purchase. Kraken and Gemini are top cryptocurrency platforms based in the USA that are highly regulated by FinCEN and other Government authorities around the world. But which exchange is better for beginners? To make this assessment, we will need to compare the exchange's features and benefits. Moreover, Kraken has deeper liquidity for crypto-to-crypto trades making it the better platform for day trading crypto. Approximately 58% of the exchange's volume is the buying and selling of Bitcoin against the US Dollar with 24-hour trading of $149,721,464.īased on the spot trading volume and liquidity, Kraken is a significantly larger exchange than Gemini for cryptocurrency buyers and sellers using fiat currency such as the USD and EUR. In comparison, Gemini has a smaller market presence than Kraken and is currently ranked 14th largest.
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