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Nexo vs Kraken

Nexo or Kraken – which is better for UK traders 2025? Compare Nexo and Kraken in this detailed breakdown of their platforms, features and fees.

Nexo vs Kraken Comparison Table 2025
Nexo	Kraken

3.9	3.9
Nexo is ranked #29 among crypto brokers.	Kraken is ranked #36 among crypto brokers.
Review	Review
Nexo is a centralized crypto exchange founded in 2018 in Bulgaria and today operates across some 200 jurisdictions from its base in Switzerland. It provides services including spot trading, futures trading, peer-to-peer loans, cold wallet storage and fiat-on ramps to buy crypto tokens. The crypto firm is registered with some respected financial authorities, such as the ASIC, and offers some fairly unique additional services including a credit card.	Kraken is a leading cryptocurrency exchange with a proprietary trading terminal and a list of 220+ tradeable crypto tokens. Up to 1:5 leverage is available with stable rollover fees on spot crypto trading and up to 1:50 on futures. The exchange also supports crypto staking and has an interactive NFT marketplace.
Pros
Reputable crypto exchange that has been in business since 2018 and has taken some steps toward regulation Nexo Pro is a user-friendly proprietary platform that suits trading strategies with great charting features Value-add tools integrated into the trading platform including social media analysis and newsfeeds by asset Traders can access perpetual futures to open long or short positions on crypto assets, increasing strategic opportunities Nexo’s crypto staking and credit features support crypto lending and borrowing, and the yields lenders receive are among the best going Traders benefit from bonuses and incentives including free trading funds paid to lenders and cashback in the form of the exchange’s native Nexo token	Very good security track record with no hacks in a decade since launch Excellent range of 220+ more established cryptocurrencies NFT marketplace and crypto staking available Great trading platform and mobile app Low exchange fees on Kraken Pro 50x leverage on futures trading Low minimum deposit of $10 3D secure required Mobile investing Crypto staking
Cons
Although Nexo has registered with some reputable watchdogs, it is riskier to trade with than established crypto brokers like AvaTrade and Vantage High deposit and withdrawal fees for cards and e-wallets will price many traders out of the most convenient payment methods Very few educational resources are available, reducing its appeal to beginners who can find more helpful resources at category leaders like eToro High maker/taker fees mean traders will pay more to trade derivatives than they would at rival exchanges like Binance The range of tokens is extensive compared to most crypto brokers but still much smaller than similar crypto exchanges like Kraken	Slow verification process on Pro account Does not support many newer altcoins Low leverage on spot trading Does not accept fiat deposits Slow verification times
Awards
Best Cryptocurrency Wallet – FinTech Breakthrough Awards, 2023 Best Use of Crypto and/or Blockchain in Financial Services – PAY360 Awards, 2022
FCA Regulated
No List of FCA Regulated Brokers	Yes
Instruments
Cryptos	Cryptos
Demo Account
No	Yes
Minimum Deposit
$10	$10
Payment Methods
Apple Pay Credit Cards Debit Card Google Pay Wire Transfer	Etana Wire Transfer
Minimum Trade
$30	Variable
Regulator
	FCA, FinCEN, FINTRAC, AUSTRAC, FSA
Mobile Apps
iOS & Android	Yes
iOS App Rating
3.8	4.7
Android App Rating
4	4.2
Margin Trading
Yes	Yes
MetaTrader 4
No	No
MetaTrader 5
No	No
cTrader
No	No
AlgoTrader
No	Yes
OmniTrader
No	No
TradingView
No	No
Autochartist
No	No
eSignal
No	No
Trading Central
No	No
STP Account
No	No
ECN Account
No	No
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
No	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
Yes	Yes
Auto Trading
	Kraken Futures is integrated in other platforms which have bots: Bookmap, Caspian, FMZ Quant, Gunbot, HaasOnline, Hyndor, Margin
Copy Trading
No	No
Social Trading
No	No
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Islamic Account
No	No
Account Currencies
USD EUR GBP	USD EUR GBP CAD AUD JPY CHF
Cryptocurrency
Nexo offers trading on an impressive suite of around 70 tokens, including Bitcoin. Digital assets can be bought, sold and swapped directly on the exchange or traded in over 500 pairs. Digital assets can also be used as collateral for fiat loans or used to generate passive income with the ‘smart staking’ tool or from interest earned via peer-to-peer loans.	Kraken is a specialized crypto exchange and supports more than 220 cryptocurrencies. These include all of the established tokens like Bitcoin as well as some altcoins. Traders can make trades on spot crypto markets with up to 1:5 leverage or on futures with up to 1:50. Fees are low and the platform is super easy to pick up.
Spread
N/A	0-0.26% average
Coins
BTC ETH NEXO USDT USDC AXS RUNE MATIC DOT APE AVAX KSM ATOM FTM NEAR BNB ADA SOL XRP LTC LINK BCH TRX XLM EOS PAXG UNI DOGE MANA SAND GALA SUSHI AAVE CRV MKR 1INCH DAI USDP TUSD	AAVE ALGO ANT REP REPV2 BAT BAL XBT BCH ADA LINK COMP ATOM CRV DAI DASH MANA XDG EWT EOS ETH ETC FIL FLOW GNO ICX KAVA KEEP KSM KNC LSK LTC MLN XMR NANO OCEAN OMG OXT PAXG DOT QTUM XRP SC XLM STORJ SNX TBTC USDT XTZ GRT TRX UNI USDC WAVES YFI ZEC BNB
Crypto Lending
Yes	No
Crypto Mining
No	No
Crypto Staking
Yes	Yes
Auto Market Maker
No	No

Nexo	Kraken
Review	Review
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