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Personal Finance · head to head

Kraken vs SushiSwap

Kraken logo

Kraken

Personal Finance

Secure cryptocurrency exchange for serious traders

From
Free
Rated
-
Full reviewWebsite
SushiSwap logo

SushiSwap

Cryptocurrency & Blockchain

Be a DeFi chef with Sushi

From
Free
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: Kraken restricted in 16 jurisdictions due to compliance requirements; SushiSwap sushiSwap routes a portion of every trading fee to SUSHI stakers rather than to liquidity providers alone; users who stake SUSHI receive xSUSHI, which entitles them to a share of protocol fees, per the vendor's own documentation.
  • They diverge on capability: Kraken covers Spot Trading, SushiSwap covers Token Swaps.

Where they differ

Only the attributes on which Kraken and SushiSwap actually diverge.

Attributes where Kraken and SushiSwap differ
AttributeKrakenSushiSwap
Pricing modelfreemiumfree
PlatformsWeb, Ios, AndroidWeb
CategoryPersonal FinanceCryptocurrency & Blockchain
Founded20112020

Identical on both: starting price (Free), free tier (Yes), 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 SushiSwap

  • Token Swaps
  • Liquidity Mining
  • Kashi Lending
  • BentoBox
  • SUSHI Token
  • Multi-chain

Both cover

  • Web support

What people use each for

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

Kraken

  • Exchangesnot SushiSwap
  • Tradingnot SushiSwap
  • Stakingnot SushiSwap

SushiSwap

  • Definot Kraken
  • Dexnot Kraken
  • Yield Farmingnot 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

SushiSwap

  • SushiSwap routes a portion of every trading fee to SUSHI stakers rather than to liquidity providers alone; users who stake SUSHI receive xSUSHI, which entitles them to a share of protocol fees, per the vendor's own documentation.

Pricing, plan by plan

Kraken

Free
  • StarterFree
    • Basic trading
    • Staking
    • Instant buy
  • ProFree
    • Advanced trading
    • Margin trading
    • Futures

SushiSwap

Free
  • FreeFree
    • Token swaps
    • Yield farming
    • Lending

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 SushiSwap if

  • You need token swaps.
  • You want to start without paying.
  • You also want liquidity mining.
SushiSwap review

Questions people ask

Is Kraken or SushiSwap better?
Neither clearly leads. Kraken starts at Free and SushiSwap at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Kraken or SushiSwap?
Kraken starts at Free and SushiSwap at Free.
Does Kraken or SushiSwap run on more platforms?
Kraken runs on Web, Ios, Android. SushiSwap runs on Web.
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 SushiSwap is typically brought in for.
What can Kraken do that SushiSwap cannot?
Kraken covers Spot Trading, Futures Trading, Margin Trading, Staking. SushiSwap covers Token Swaps, Liquidity Mining, Kashi Lending, BentoBox. Both handle Web 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
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