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Kraken vs WorldRemit

Kraken logo

Kraken

Software

Secure cryptocurrency exchange for serious traders

From
Free
Rated
-
Full reviewWebsite
WorldRemit logo

WorldRemit

Software

Send money online to 150 countries

From
On request
Rated
-
Full reviewWebsite

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; WorldRemit no transfer fee, exchange rate margin or sending limit is published on the site; rates and limits are shown only after choosing a destination country and receive method
  • They diverge on capability: Kraken covers Spot Trading, WorldRemit covers International transfers.

Where they differ

Only the attributes on which Kraken and WorldRemit actually diverge.

Attributes where Kraken and WorldRemit differ
AttributeKrakenWorldRemit
Starting priceFreeOn request
Pricing modelfreemiumtransaction
Free tierYesNo
Founded20112010

Identical on both: 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 WorldRemit

  • International transfers
  • Multiple delivery methods
  • Send to 150+ countries
  • Cash pickup option
  • Bank accounts
  • Cards
  • 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 WorldRemit
  • Tradingnot WorldRemit
  • Stakingnot WorldRemit

WorldRemit

  • Sending remittances from developed markets to 130 or more receiving countriesnot Kraken
  • Paying out to mobile money, cash pickup and bank accounts abroadnot 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

WorldRemit

  • No transfer fee, exchange rate margin or sending limit is published on the site; rates and limits are shown only after choosing a destination country and receive method
  • The amount that can be sent depends on the destination country and receive method rather than a single published cap

Pricing, plan by plan

Kraken

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

WorldRemit

On request
  • Standard Transfer$undefined/month
    • Multiple payment methods
    • Competitive rates
  • Express Transfer$undefined/month
    • Faster delivery
    • Higher costs

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 WorldRemit if

  • You need international transfers.
  • You work on Web, IOS, Android.
  • You also want multiple delivery methods.
WorldRemit review

Questions people ask

Is Kraken or WorldRemit better?
Neither clearly leads. Kraken starts at Free and WorldRemit at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Kraken or WorldRemit?
Kraken has a free tier; the other does not. Paid plans start at Free for Kraken and On request for WorldRemit.
Does Kraken or WorldRemit run on more platforms?
Kraken runs on Web, Ios, Android. WorldRemit runs on Web, IOS, Android.
Can I use Kraken for free?
Yes. Kraken has a free tier, so you can try it without paying. WorldRemit 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 WorldRemit is typically brought in for.
What can Kraken do that WorldRemit cannot?
Kraken covers Spot Trading, Futures Trading, Margin Trading, Staking. WorldRemit covers International transfers, Multiple delivery methods, Send to 150+ countries, Cash pickup option. 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.

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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