Kraken vs Upbit 2026: Which Broker is Better?
Choosing between Kraken and Upbit depends on your trading style, preferred markets, and budget. Kraken is headquartered in San Francisco, USA, while Upbit operates from Seoul, South Korea. Kraken has the longer track record, established in 2011, compared to Upbit which was founded in 2017. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
Kraken
Upbit
| Kraken | Upbit | |
|---|---|---|
| BrokerRank Score | 4.4/5 ✓ | 4.3/5 |
| Min. Deposit | $0 | $0 |
| Spread from | 0.2 pips | 0 pips ✓ |
| Max Leverage | 1:5 ✓ | 1:1 |
| Regulation | FCA, CFTC | FSC, MAS |
| Platforms | Proprietary Web, Proprietary Mobile | Proprietary Web, Proprietary Mobile |
Kraken is the better choice overall, scoring 4.4/5 vs 4.3/5 on BrokerRank's independent rating. On fees, Upbit offers lower spreads (0 pips).
See full side-by-side comparison belowKraken vs Upbit: Key Differences
Kraken
Upbit
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Fees Comparison
Kraken
Upbit
Lower feesRegulation & Trust
Kraken holds licences from FCA, CFTC. Upbit is regulated by MAS, FSC.
Markets & Assets
Both brokers offer access to Crypto markets.
Fees & Spreads
On spreads, Upbit is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.2 pips at Kraken.
Trading Platforms
Kraken supports Proprietary Web, Proprietary Mobile. Upbit offers Proprietary Web, Proprietary Mobile. Both brokers are available on Proprietary Web, Proprietary Mobile.
Minimum Deposit
Kraken requires no minimum deposit, while Upbit sets no minimum deposit. This makes Kraken accessible to traders with any budget.
Overall Ratings
BrokerRank scores Kraken at 3.37/5 and Upbit at 3.18/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. Kraken leads overall with a clear advantage.
BrokerRank Verdict
Who Should Choose Which?
Kraken
4.4/5
Choose Kraken if you want…
- Higher overall rating (4.4/5)
- Higher leverage (up to 1:5)
- More established (est. 2011)
Upbit
4.3/5
Choose Upbit if you want…
- Tighter spreads (from 0 pips)
- Free withdrawals
Also consider
We earn a commission when you open an account through these links, at no extra cost to you. Our ratings are scored independently — see the full independent ranking.
Both Kraken & Upbit are available in
Frequently Asked Questions
1Is Kraken better than Upbit?
Kraken scores higher overall on our independent rating system. Kraken holds a 4.4/5 rating vs Upbit's 4.3/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
2Which has lower fees, Kraken or Upbit?
Kraken offers spreads from 0.2 pips, while Upbit starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for Kraken vs Upbit?
Kraken requires a minimum deposit of $0. Upbit requires $0.
4Which broker is safer, Kraken or Upbit?
Kraken is regulated by FCA, CFTC, while Upbit holds licences from FSC, MAS.
5What trading platforms do Kraken and Upbit support?
Kraken supports Proprietary Web, Proprietary Mobile. Upbit supports Proprietary Web, Proprietary Mobile.
6Can I use both Kraken and Upbit?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
Key Trading Terms
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.
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