Bybit vs Kraken: Leverage, Fees, Trading Features & More

This brief Bybit vs Kraken comparison takes a closer look at some of the high-end features offered by both outstanding platforms. While Bybit has an undeniable prominence in the industry, Kraken has made a name for itself in USA’s crypto community, thanks to its leading-edge features

You can take a look at the comparison of major features of both exchanges to know which of the two platforms is more suitable to use.

Read: Best Crypto Exchanges in USA

Bybit vs Kraken – Introduction of the Exchanges

Kraken is one of the oldest and largest crypto exchanges in the industry. It is a well-reputed exchange, established in 2011 in the United States of America. This exchange extends its services around the world, apart from a few countries and regions and offers unique features such as staking and dark pools, making it a suitable option for many.

Bybit, on the other hand, was established in 2018 but has grown into one of the most popular and widely used crypto trading platforms. It is a peer-to-peer (P2P) crypto exchange and caters to the needs of millions of active users around the world.

Read our Bybit review for more information about it.

Bybit vs Kraken – Comparison of Trading Platforms

Kraken is a flexible trading platform that also offers ease of use and access. It supports Futures Trading and offers a smooth transition to Kraken Spot.

Bybit, however, has the highest trading engine capacity among other platforms, which is 100,000 transactions per second (TPS). This means that the platform can handle and execute orders without any delays or complications.

It also supports Futures Trading and has a better reputation as a trading platform in the community.

Bybit now also offers the copy trading feature for all traders. By signing up with our link, you can get a bonus of up to $4,450 on yourfirst deposit. (Bonus may vary based on deposit amount)

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100x Leverage

Bybit vs Kraken – Comparison of Leverage Offered

Kraken is a powerful and trusted cryptocurrency exchange in the industry. However, it may not be the best option for people looking to trade with leverage. The biggest reason is that the maximum leverage offered by Kraken is 5x, which varies from one tradeable crypto pair to another. This is one of the lowest leverages in the crypto market.  

Bybit is one of the most prominent platforms in the trading community, especially among margin traders. There is a variety of trading platforms that support leverage trading. However, Bybit stands out among other exchanges because it offers one of the highest leverages in the industry (up to 100x).

Bybit vs Kraken – Comparison of Fee Structures

The comparison of the fee structures of both crypto exchanges is a close call. Just like several other trading platforms, both Kraken and Bybit charge a trading fee based on the market maker and taker model.

Kraken charges a trading fee based on the 30-day volume and as the volume increases, the fee decreases. According to this model, here are the maker and taker fees charged by Kraken for Level 1 users.

  • Trading fee for market makers: 0.02%
  • Trading fee for market takers: 0.05%

Bybit is known to charge low and competitive fees, which is one of its several selling points. The fee charged is also transparent, which means it does not include any hidden charges.

Here are the details of the fee charged by Bybit:

  • Trading fee for market makers: 0.025%
  • Trading fee for market takers: -0.075%

Bybit vs Kraken – Comparison of Customer Support

Kraken has a team of experienced customer support agents that are available to assist users in case of emergencies and queries. There are FAQ and Help sections on the website as well as a live chat feature. However, the customer support team is known to be slow and users have to wait to get a response.

Bybit, conversely, offers one of the best customer support services to the users. It is one of its prominent features. The customer support team is comprised of experts, who are multilingual, available 24/7 and easily accessible.

Bybit vs Kraken – Comparison of Trading Volume

In terms of trading volume, Kraken processes more than $1 billion in spot trading daily. It is a well-known and widely used exchange where users can purchase any of the supported fiat currencies.

While Bybit does not have the same popularity in spot trading, it does process a much higher daily trading volume for derivatives trading than Kraken. It is one of the biggest derivatives trading platforms and processes more than $15 billion in daily trading volume.

Bybit vs Kraken – Final Takeaways!

The trading volume, the leverage offered and the fee charged are only some of the features that are important to a crypto trader. While the same kind of services is offered by various platforms (more or less) they do vary in technicalities. Similarly, traders who want to choose between Bybit and Kraken can find the brief comparison of the two conducted above.

For a better idea of what Bybit has to offer, you can take a look at our full tutorial below.