Is Kraken or Moneydance better?

Neither clearly leads. Kraken starts at Free and Moneydance at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.

Which is cheaper, Kraken or Moneydance?

Kraken has a free tier; the other does not. Paid plans start at Free for Kraken and On request for Moneydance.

Does Kraken or Moneydance run on more platforms?

Kraken runs on Web, Ios, Android. Moneydance runs on Windows, Mac, Linux, IOS, Android.

Can I use Kraken for free?

Yes. Kraken has a free tier, so you can try it without paying. Moneydance starts at On request.

What is Kraken best used for?

Kraken is most often used for exchanges, trading, staking. Of those, exchanges and trading are not what Moneydance is typically brought in for.

What can Kraken do that Moneydance cannot?

Kraken covers Spot Trading, Futures Trading, Margin Trading, Staking. Moneydance covers Bill tracking, Investment monitoring, Budget tracking, Financial forecasting. Both handle Android support.

Personal Finance · head to head

Kraken vs Moneydance

Kraken

Personal Finance

Secure cryptocurrency exchange for serious traders

From: Free
Rated: -

Full review Website

Moneydance

Personal Finance

Cross-platform personal finance management

From: On request
Rated: -

Full review Website

The short version

Only Kraken has a free tier, so it costs nothing to try first.
Each has a real cost: Kraken restricted in 16 jurisdictions due to compliance requirements; Moneydance the free trial is limited to 100 manually entered transactions
They diverge on capability: Kraken covers Spot Trading, Moneydance covers Bill tracking.

Where they differ

Only the attributes on which Kraken and Moneydance actually diverge.

Attributes where Kraken and Moneydance differ
Attribute	Kraken	Moneydance
Starting price	Free	On request
Pricing model	freemium	one-time
Free tier	Yes	No
Platforms	Web, Ios, Android	Windows, Mac, Linux, IOS, Android
Founded	2011	2001

Identical on both: user rating (Not yet rated), category (Personal Finance).

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 Moneydance

Bill tracking
Investment monitoring
Budget tracking
Financial forecasting
Bank accounts
Investment accounts
OFX import
Windows support

Both cover

Android support

What people use each for

The jobs each tool is most often brought in to do.

Kraken

Exchangesnot Moneydance
Tradingnot Moneydance
Stakingnot Moneydance

Moneydance

Desktop personal finance management on macOS, Windows and Linuxnot Kraken
Importing and reconciling bank and credit card transactions locallynot Kraken
Tracking investments and budgets without a cloud-only servicenot 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

Moneydance

The free trial is limited to 100 manually entered transactions
A one-time Buy Once purchase covers Moneydance 2024 plus one free upgrade to the next major release, not all future versions
Bank connection features are sold separately as the Moneydance Plus subscription rather than included in the one-time purchase
Business use requires one licence per computer, while the household licence covers personal use only

Pricing, plan by plan

Kraken

Free

StarterFree
- Basic trading
- Staking
- Instant buy
ProFree
- Advanced trading
- Margin trading
- Futures

Moneydance

On request

Perpetual License$59.99/month
- Full feature set
- Free updates

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.

Kraken review

Choose Moneydance if

You need bill tracking.
You work on Windows, Mac, Linux, IOS, Android.
You also want investment monitoring.

Moneydance review

Questions people ask

Is Kraken or Moneydance better?: Neither clearly leads. Kraken starts at Free and Moneydance at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Kraken or Moneydance?: Kraken has a free tier; the other does not. Paid plans start at Free for Kraken and On request for Moneydance.
Does Kraken or Moneydance run on more platforms?: Kraken runs on Web, Ios, Android. Moneydance runs on Windows, Mac, Linux, IOS, Android.
Can I use Kraken for free?: Yes. Kraken has a free tier, so you can try it without paying. Moneydance starts at On request.
What is Kraken best used for?: Kraken is most often used for exchanges, trading, staking. Of those, exchanges and trading are not what Moneydance is typically brought in for.
What can Kraken do that Moneydance cannot?: Kraken covers Spot Trading, Futures Trading, Margin Trading, Staking. Moneydance covers Bill tracking, Investment monitoring, Budget tracking, Financial forecasting. Both handle 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.

Source

Kraken: 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.

Source

Kraken: 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.

Source

Kraken: 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

Kraken vs Moneydance

Kraken

Moneydance

The short version

Where they differ

What each one covers

Only in Kraken

Only in Moneydance

Both cover

What people use each for

Kraken

Moneydance

Where each one falls short

Kraken

Moneydance

Pricing, plan by plan

Kraken

Moneydance

Which should you pick?

Choose Kraken if

Choose Moneydance if

Questions people ask

Answered from the vendors’ own pages

Related pages

More on Kraken

More on Moneydance

Keep looking

Other head to heads