Software · head to head
Kraken vs EveryDollar
The short version
- Each has a real cost: Kraken restricted in 16 jurisdictions due to compliance requirements; EveryDollar the free version has no bank connection, so every transaction is entered by hand
- They diverge on capability: Kraken covers Spot Trading, EveryDollar covers Zero-based budgeting.
Where they differ
Only the attributes on which Kraken and EveryDollar actually diverge.
| Attribute | Kraken | EveryDollar |
|---|---|---|
| Founded | 2011 | 2014 |
Identical on both: starting price (Free), pricing model (freemium), free tier (Yes), platforms (Web, Ios, Android), user rating (Not yet rated), category (Unknown).
What each one covers
Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.
Only in Kraken
- Spot Trading
- Futures Trading
- Margin Trading
- Staking
- OTC Desk
- Bank transfers
- SWIFT
- Plaid
Only in EveryDollar
- Zero-based budgeting
- Transaction tracking
- Budget planning
- Financial insights
- Bank accounts
- IOS support
Both cover
- Web support
- Android support
What people use each for
The jobs each tool is most often brought in to do.
Kraken
- Exchangesnot EveryDollar
- Tradingnot EveryDollar
- Stakingnot EveryDollar
EveryDollar
- Zero based monthly budgeting using the Ramsey methodnot Kraken
- Tracking bills and sinking funds by categorynot Kraken
- Automatically importing bank transactions into a budget on Premiumnot Kraken
Where each one falls short
Documented limitations, not opinions. Every one is a constraint you would hit in normal use.
Kraken
- Restricted in 16 jurisdictions due to compliance requirements
- Withdrawal processing delays due to KYC verification, blockchain confirmations, and compliance checks
- Account restrictions triggered by scam prevention can only be lifted after 90 days
- Margin trading limited to 5x leverage on most assets; 10x available only to eligible users
EveryDollar
- The free version has no bank connection, so every transaction is entered by hand
- CSV export of budget data is Premium only
- Spending reports and historical comparisons are Premium only
- Premium costs $17.99 per month billed monthly, and the $6.67 headline rate requires paying $79.99 for a year up front
- The free trial lasts 14 days and is limited to new users
Pricing, plan by plan
Kraken
Free- StarterFree
- Basic trading
- Staking
- Instant buy
- ProFree
- Advanced trading
- Margin trading
- Futures
EveryDollar
Free- FreeFree
- Manual budget entry
- Plus$14.99/month
- Bank sync
- Mobile app
- Transaction tracking
Which should you pick?
Choose Kraken if
- You need spot trading.
- You want to start without paying.
- You work on Web, Ios, Android.
- You also want futures trading.
Choose EveryDollar if
- You need zero-based budgeting.
- You want to start without paying.
- You work on Web, IOS, Android.
- You also want transaction tracking.
Questions people ask
- Is Kraken or EveryDollar better?
- Neither clearly leads. Kraken starts at Free and EveryDollar at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
- Which is cheaper, Kraken or EveryDollar?
- Kraken starts at Free and EveryDollar at Free.
- Does Kraken or EveryDollar run on more platforms?
- Kraken runs on Web, Ios, Android. EveryDollar runs on Web, IOS, Android.
- Can I use Kraken for free?
- Both have a free tier, so you can try either at no cost before committing.
- What is Kraken best used for?
- Kraken is most often used for exchanges, trading, staking. Of those, exchanges and trading are not what EveryDollar is typically brought in for.
- What can Kraken do that EveryDollar cannot?
- Kraken covers Spot Trading, Futures Trading, Margin Trading, Staking. EveryDollar covers Zero-based budgeting, Transaction tracking, Budget planning, Financial insights. Both handle Web support, Android support.
Answered from the vendors’ own pages
Kraken: How much does Kraken charge in fees?
Kraken Pro spot trading fees start at 0.25 percent maker and 0.40 percent taker for entry-level volume, decreasing to 0.00 percent maker and 0.08-0.10 percent taker at USD 10M+ monthly volume. The Kraken standard platform charges 1 percent on instant trades and 1.5 percent on custom orders. Kraken+ membership costs 4.99 USD/month or 49.99 USD/year for up to USD 10k/month in fee-free volume.
SourceKraken: In how many countries can I use Kraken?
Kraken supports 190+ countries and 9 major fiat currencies (USD, EUR, GBP). However, services are restricted in 16 jurisdictions including Russia, Iran, North Korea, Syria, and Afghanistan due to regulatory compliance requirements.
SourceKraken: Is Kraken custody secure?
Kraken holds ISO/IEC 27001:2022 certification and passed SOC 2 Type 1 examination. The exchange uses cold storage with crypto infrastructure in secure cages under 24/7 armed surveillance. Kraken Custody uses multiparty computation (MPC) and hardware security module (HSM) technology. As a Wyoming SPDI-chartered institution, Kraken Financial operates on full-reserve basis, holding 100 percent of client deposits in unencumbered liquid assets.
SourceKraken: What cryptocurrencies can I trade?
Kraken supports 500+ cryptocurrencies across 600+ crypto trading pairs. The platform also offers tokenized equities (xStocks) for direct trading of stock exposure, and supports staking rewards on eligible digital assets.
Source