Is Kraken or Qonto better?

Neither clearly leads. Kraken starts at Free and Qonto at €9/month, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.

Which is cheaper, Kraken or Qonto?

Kraken has a free tier; the other does not. Paid plans start at Free for Kraken and €9/month for Qonto.

Does Kraken or Qonto run on more platforms?

Kraken runs on Web, Ios, Android. Qonto runs on Web.

Can I use Kraken for free?

Yes. Kraken has a free tier, so you can try it without paying. Qonto starts at €9/month.

What is Kraken best used for?

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

What can Kraken do that Qonto cannot?

Kraken covers Spot Trading, Futures Trading, Margin Trading, Staking.

Personal Finance · head to head

Kraken vs Qonto

Kraken

Personal Finance

Secure cryptocurrency exchange for serious traders

From: Free
Rated: -

Full review Website

Qonto

Accounting

French neobank and finance management platform for freelancers, SMEs and businesses

From: €9/month
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; Qonto pricing in EUR only, not USD

Where they differ

Only the attributes on which Kraken and Qonto actually diverge.

Attributes where Kraken and Qonto differ
Attribute	Kraken	Qonto
Starting price	Free	€9/month
Pricing model	freemium	subscription
Free tier	Yes	No
Platforms	Web, Ios, Android	Web
Category	Personal Finance	Accounting
Founded	2011	Unknown

Identical on both: user rating (Not yet rated).

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 Qonto

Nothing recorded that Kraken does not also cover.

What people use each for

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

Kraken

Exchangesnot Qonto
Tradingnot Qonto
Stakingnot Qonto

Qonto

Business bankingnot Kraken
Team paymentsnot Kraken
Cash flow managementnot Kraken
Multi-currency transfersnot Kraken
Freelancer paymentsnot 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

Qonto

Pricing in EUR only, not USD
Basic tier limited to 30 transfers per month
Add-ons for invoice automation and project tracking cost EUR 12-39/month extra
Business tier minimum commitment for small team accounts
Business plan minimum pricing EUR 49/month vs self-employed EUR 9/month

Pricing, plan by plan

Kraken

Free

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

Qonto

€9/month

Basic (Self-Employed)$9/month
- 30 transfers
- 1 physical + 2 virtual cards
- Account remuneration 5% for 2 months
Smart (Self-Employed)$19/month
- 100 transfers
- 2 physical + 50 virtual cards
- Account remuneration
Premium (Self-Employed)$39/month
- 200 transfers
- 2 physical + 50 virtual + 50 Instant cards
Essential (Business)$49/month
- 250 transfers
- 5 physical + 50 virtual cards
- Multiple sub-accounts

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 Qonto if

Nothing in the data separates Qonto from Kraken on the points above - pick on price and on how each one feels to use.

Qonto review

Questions people ask

Is Kraken or Qonto better?: Neither clearly leads. Kraken starts at Free and Qonto at €9/month, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Kraken or Qonto?: Kraken has a free tier; the other does not. Paid plans start at Free for Kraken and €9/month for Qonto.
Does Kraken or Qonto run on more platforms?: Kraken runs on Web, Ios, Android. Qonto runs on Web.
Can I use Kraken for free?: Yes. Kraken has a free tier, so you can try it without paying. Qonto starts at €9/month.
What is Kraken best used for?: Kraken is most often used for exchanges, trading, staking. Of those, exchanges and trading are not what Qonto is typically brought in for.
What can Kraken do that Qonto cannot?: Kraken covers Spot Trading, Futures Trading, Margin Trading, Staking.

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

Qonto: How much does Qonto cost?

Qonto's self-employed plans range from EUR 9/month (Basic) to EUR 39/month (Premium). Business plans range from EUR 49/month (Essential) to EUR 199/month (Enterprise).

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

Qonto: What is included in Qonto's Basic plan?

The Basic plan costs EUR 9/month and includes 30 monthly transfers, 1 physical card and 2 virtual cards, plus account remuneration at 5% for the first 2 months.

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

Qonto: What is the difference between self-employed and business plans?

Self-employed plans (Basic to Premium) are for individuals and cost EUR 9-39/month. Business plans (Essential to Enterprise) offer more transfers and cards for teams, ranging from EUR 49-199/month.

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 Qonto

Kraken

Qonto

The short version

Where they differ

What each one covers

Only in Kraken

Only in Qonto

What people use each for

Kraken

Qonto

Where each one falls short

Kraken

Qonto

Pricing, plan by plan

Kraken

Qonto

Which should you pick?

Choose Kraken if

Choose Qonto if

Questions people ask

Answered from the vendors’ own pages

Related pages

More on Kraken

More on Qonto

Keep looking

Other head to heads