Kraken vs eToro UK: Which is the Best Crypto Exchange for Beginners? If you’re looking for a beginner-friendly crypto exchange, Kraken and eToro are two of the most popular options in the UK. In this article, we’ll break down their features, fees, and security to help you decide.
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Introduction: Kraken vs eToro UK – Which One is Better for Beginners in the UK?
When choosing a crypto exchange in the UK, beginners often prioritize ease of use, security, and transparent fees. Two of the most popular platforms that cater to new traders are Kraken and eToro.
- Kraken is known for its strong security, competitive trading fees, and advanced trading features.
- eToro, on the other hand, is a beginner-friendly, FCA-regulated exchange that offers copy trading, allowing new users to follow experienced traders.
Both exchanges have their strengths, but which one is the best crypto exchange for beginners in the UK? In this Kraken vs eToro comparison, we’ll analyze trading fees, GBP deposits, security, and cashback programs to help you make an informed decision.
📢 Looking for the best crypto exchange for beginners in the UK? This Kraken vs eToro UK comparison will help you decide!
Trading Fees: Kraken vs eToro UK – Which Exchange is Cheaper?
💰 Kraken Fees (UK)
- Maker fee: 0.16%
- Taker fee: 0.26%
- Fees decrease with higher trading volume
- No hidden costs, transparent fee structure
💰 eToro Fees (UK)
- No fixed trading fees, but charges a spread (difference between buy & sell price)
- Spread varies by asset (e.g., Bitcoin: ~1%)
- Withdrawal fee: £5 per transaction
- Inactivity fee: $10/month after 12 months of inactivity
🆚 Kraken vs eToro UK: Which is Cheaper?
Kraken offers lower and more transparent trading fees, making it ideal for cost-conscious traders. eToro’s spread-based model can result in higher costs, especially for frequent trading. However, eToro has a low barrier for beginners with simple deposits and an easy interface.
📢 👉 See more: Best Crypto Exchanges with Low Fees in the UK
GBP Deposits & Withdrawals: Which Platform is More Convenient?
For UK traders, having seamless GBP deposit and withdrawal options is crucial. Here’s how Kraken and eToro compare:
💷 Kraken GBP Deposit & Withdrawal
✔ Supports bank transfers via FPS (Faster Payments Service)
✔ No deposit fees for GBP transfers
✔ Lower withdrawal fees compared to eToro
✔ Takes 1-3 business days for bank transfers
💳 eToro GBP Deposit & Withdrawal
✔ Supports debit/credit cards, PayPal, Skrill, Neteller, and bank transfers
✔ Instant deposits available for most payment methods
❌ £5 fixed withdrawal fee
❌ Longer processing time for bank withdrawals
🆚 Which Platform is More Convenient?
- If you need instant deposits, eToro is more convenient due to multiple payment methods.
- If you withdraw funds regularly, Kraken is cheaper as it has lower withdrawal fees.
📢 “If you need instant GBP deposits, eToro is more convenient. If you want cheaper withdrawals, Kraken is better.”
Security & Regulation: Is Kraken or eToro Safer in the UK?
Security is a top priority when choosing a crypto exchange. Here’s how Kraken and eToro compare:
🔐 Kraken Security
✔ Uses cold storage for 95% of user funds
✔ 2FA (Two-Factor Authentication) & advanced encryption
✔ No FCA regulation, but has a strong reputation for security
🛡 eToro Security & Regulation
✔ FCA-regulated, offering UK investor protection
✔ Requires KYC (Know Your Customer) verification
✔ Funds are stored in tier-1 European banks
✔ Supports 2FA and anti-fraud monitoring
🆚 Which Platform is Safer?
- eToro is safer for UK users in terms of legal protection, as it is FCA-regulated.
- Kraken has stronger technical security, making it a solid choice for privacy-conscious traders.
📢 👉 See more: UK Crypto Regulations & Taxation
Features & Trading Experience: Which Exchange is More Beginner-Friendly?
When choosing a crypto exchange, trading experience and features are key factors—especially for beginners. Here’s how Kraken and eToro compare:
🔹 Kraken Trading Features
✔ Supports spot trading, futures, margin trading, and staking
✔ Advanced charting tools for technical traders
✔ Offers Kraken Pro for lower fees & better trading experience
❌ More complex for beginners
🔹 eToro Trading Features
✔ Copy trading – allows beginners to follow and copy expert traders
✔ User-friendly interface, perfect for first-time traders
✔ Supports stocks, ETFs, and commodities alongside crypto
❌ No advanced trading tools like futures & margin
🆚 Which Exchange is More Beginner-Friendly?
- eToro is better for beginners due to its simple UI and copy trading features.
- Kraken offers more advanced tools and is better suited for experienced traders.
📢 “If you’re a beginner, eToro is easier to use. If you want advanced trading options, Kraken is the better choice.”
Cashback & Fee Discounts: Which Platform Helps You Save More?
💰 Saving on trading fees is crucial for active traders. Here’s how Kraken and eToro compare when it comes to cashback and fee discounts:
🔹 Kraken Cashback & Fee Discounts
❌ No direct cashback program
✔ Low trading fees (starting at 0.16% maker / 0.26% taker)
✔ VIP fee discounts for high-volume traders
🔹 eToro Cashback & Fee Discounts
✔ Occasionally offers cashback promotions for new users
✔ eToro Club members can get reduced fees & extra benefits
❌ Spread-based fees can be higher than Kraken’s trading fees
🆚 Which Platform Helps You Save More?
- If you want low, transparent fees, Kraken is the better choice.
- If you’re a new user looking for signup cashback, eToro may have better promotional offers.
📢 👉 See more: Best Cashback Offers for UK Crypto Traders
Pros & Cons: Quick Summary of Kraken & eToro in the UK
For a quick comparison of Kraken vs eToro UK, check out the key differences below:
| Feature | Kraken UK | eToro UK |
|---|---|---|
| Fees | ✅ Low (0.16%-0.26%) | ❌ Higher (spread-based) |
| GBP Support | ✅ Yes (bank transfer) | ✅ Yes (card, PayPal) |
| FCA Regulated | ❌ No | ✅ Yes |
| Features | ✅ Advanced trading, staking | ✅ Beginner-friendly, copy trading |
| Cashback | ❌ No cashback | ✅ Sometimes (promos) |
🆚 Which Exchange is Better for Beginners?
- Kraken is better for those who want low trading fees and high security.
- eToro is more suitable for beginners who want an easy-to-use platform with copy trading.
Final Verdict: Which is the Best Exchange for Beginners in the UK?
If you’re a UK trader looking for the best crypto exchange, here’s the final breakdown:
✔ Choose Kraken if you want low fees, strong security, and advanced trading features.
✔ Choose eToro if you’re a beginner and prefer an easy-to-use platform with copy trading.
💡 Conclusion:
- Kraken = Best for experienced traders who need advanced tools & lower fees.
- eToro = Best for beginners who want a simple trading experience & FCA regulation.
📢 “Ready to start trading? Sign up for Kraken or eToro now and start your crypto journey!”
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