Kraken vs CoinPayments - Crypto Wallet Comparison Overview

After performing an in-depth analysis of Kraken vs CoinPayments crypto wallets & their features, we have grouped the represented data into 9 different sections to help you process the information easier & quicker. If you want to get a brief understanding of Kraken vs CoinPayments comparison results, take a glance at the short table below.

By comparing Kraken vs CoinPayments overall scores, we clearly see that Kraken has the higher overall score of 6.5. CoinPayments, on the other hand, has scored 6.0 final points.

Compare Other Crypto Wallets

Ledger Flex logo
LEDGER FLEX
Kraken logo
KRAKEN
CoinPayments logo
COINPAYMENTS

Overall Score

9.8
6.5
6.0

Wallet Type

Hardware Software Software

Best For

Extra Secure Crypto Storing & Managing Crypto-To-Crypto and Margin Trading Potential Investors and Cryptocurrency Traders

Verdict

A secure and user-friendly wallet with support for thousands of coins and tokens. A top-tier cryptocurrency wallet, especially for beginner crypto enthusiasts who want to keep things simple.
Visit site Read review See TOP10 Brands Read review See TOP10 Brands Read review

Kraken vs CoinPayments Crypto Wallet Comparison Data

Compare Kraken vs CoinPayments side by side by checking this comprehensive cryptocurrency wallet comparison data chart. Measure the most important wallet metrics against each other & see who wins as the better crypto wallet!

Compare Other Crypto Wallets

Ledger Flex logo
LEDGER FLEX
Kraken logo
KRAKEN
CoinPayments logo
COINPAYMENTS

Pros

  • User-friendly design
  • Robust security
  • Long battery life
  • Thousands of digital assets
  • Free Ledger Recovery Key included
  • Built-in exchange functionality
  • Full SegWit wallet support
  • Very secure and reliable
  • Decent withdrawal fees
  • Can withdraw fiat money
  • Has vaults that provide additional security
  • Supports more than 1900 altcoins
  • Quite secure

Cons

  • No wireless charging
  • Limited wallet functionality
  • Not as secure as cold storage wallets
  • Break-in back in 2017

Value For Money

Ease of Use

Latest Coupons

UP TO $500 IN BTC
All Ledger Flex Coupons 		See All Coupons of Best Wallets See All Coupons of Best Wallets

Security

Security Level

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Very Poor
Average
Excellent
|
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Very Poor
Average
Excellent
|
|
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Very Poor
Average
Excellent

2FA Two-factor Authentication

Multi-signature

Pin Code

Anonymity Level

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Very Poor
Average
Excellent
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Very Poor
Average
Excellent
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Very Poor
Average
Excellent

Backup Type

24-word seed phrase 12-word seed phrase N/A

Private Key Owner

You Kraken CoinPayments

Full Wallet Control

|
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No
Partial
Yes
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No
Partial
Yes
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No
Partial
Yes

Supported Crypto

Number of Supported Coins

100+
See Full List 		20+
See Full List 		15+
See Full List

Number of Supported Tokens

5,500+
See Full List 		250+
See Full List 		1,500+
See Full List

ERC20 Support

Compatibility With Wallets/Exchanges

MetaMask, Binance, + more MetaMask, Ledger, + more Poloniex + Trezor

Legacy Addresses

SegWit

Bech32

Software Features

Wallet Software

iOS
Android
macOS
Windows
Linux
 Android
iOS
Browser extension
 Android App
iOS App
Browser

Software Functions

Send
Receive
Store
Buy
Sell
Swap
 Stake
Trade
Store
Send
 Store
Buy
Sell

Transaction Fee Control

Extra Features

Customizable E Ink® touchscreen
 Exchange Functionality
 Merchant Tools

Transparency

90% Open-Source and Non-Custodial Open-Source and Non-Custodial Closed-Source and Custodial

Customer Support

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Very Poor
Average
Excellent
|
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Very Poor
Average
Excellent
|
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Very Poor
Average
Excellent

Connectivity

Wallet Connectivity

USB-C
Bluetooth
NFC
 Wi-Fi
 Wi-Fi

Wallet Control

Mobile
Desktop
 Mobile
Desktop
 Mobile
Browser extension

Pricing

Money Back Guarantee

14 days No Can happen but not guaranteed

Base Price

249 USD 0 USD 0 USD

Service Fees

- 0% to 0.26% per trade, 3.75% + €0.25 for credit card purchases, and 0.5% for online banking processing Network fee to the cryptocurrency miners

Payment Methods

Wire Transfer

Credit/Debit Card

PayPal

Cryptocurrency

Company's info

Full Company Name

Ledger SAS Kraken CoinPayments

Based in

France
France
United States
United States
Canada
Canada

Year of Origin

2014 2011 2013

Check Official Website

 Visit site Read review See TOP10 Brands Read review See TOP10 Brands Read review

Compare Other Crypto Wallets

Kraken vs CoinPayments Technical Comparison Results

The Value for Money score is one of the most important factors you should consider, as it can tell you whether the crypto wallet comes with the best quality and price ratio, or if the brand lacks in one of these aspects. While comparing Kraken vs CoinPayments, we can see that Kraken has a higher Value for Money score compared to CoinPayments.

Another highly important aspect is the Security Level - it can tell you how safe your crypto assets will be if stored in a certain wallet. After doing Kraken vs CoinPayments comparison, it's evident that Kraken has somewhat better security features than CoinPayments. The Number of Supported Crypto section can tell you just how many & which cryptocurrencies you can conveniently hold in a single cryptocurrency wallet at the same time. After comparing Kraken vs CoinPayments, it's clear that Kraken has the higher number of supported crypto with 20+ cryptocurrencies available, while CoinPayments supports 15+ different cryptocurrencies.

It's also really important to evaluate a wallet's customer support, as you might have some important questions or even issues that will need to be resolved right away. According to our Kraken vs CoinPayments comparison research & gathered data, the better customer support is presented by Kraken, which offers fast & sincere help when their customers need it.

Comparison Summary

The Kraken vs CoinPayments online crypto wallet comparison tool revealed that Ledger Flex has better features & higher in-depth evaluation scores than Kraken and CoinPayments.

But when comparing these brands to the whole crypto wallet market, Ledger Flex takes the lead as the best-rated online crypto wallet among its competitors and is a more suited choice for you.

Compared to the popular alternatives, Ledger Flex can certainly hold its ground when it comes to most of the relevant features. It has a much bigger screen than Nano X or Safe 5, but loses out when it comes to pricing: at $249, it’s the second most expensive Ledger wallet in their current line-up, which probably limits its target audience to hardcore crypto enthusiasts looking for an advanced, premium product.

When you buy Ledger Flex, Nano Gen5, or Stax, you get one Ledger Recovery Key for free, which normally costs $39. It provides you with a seamless and secure crypto recovery solution.

Read Full Ledger Flex Review

Best User Reviews of Compared Crypto Wallets

RC
5.0/5.0 - Kraken Wallet User

Good wallet

Go with Kraken wallet for 2 years now, all the experiences are good!!!

AC
4.0/5.0 - CoinPayments User

I'll pass...

I personally cannot trust a company when it's been hacked in the past. C'mon, people... Fool me once, fool me twice... You know how the saying goes...

Read All Ledger Flex User Reviews
LEDGER FLEX
TREZOR SAFE 7
9.8
VS
9.6
Compare
LEDGER FLEX
LEDGER NANO GEN5
9.8
VS
9.4
Compare
LEDGER FLEX
LEDGER STAX
9.8
VS
9.0
Compare


The Process Behind Kraken vs CoinPayments Comparison

We Gather Kraken vs CoinPayments

1. We Gather

To make this Kraken vs CoinPayments comparison as accurate and fact-based as possible, we collect all the data from verified sources only. We gather opinions & real-life experiences from real users, as well as measure and test out various aspects ourselves.

We Measure Kraken vs CoinPayments

2. We Measure

To make sense of the gathered Kraken vs CoinPayments comparison data, our experts analyze & aggregate it using data structuring methods. Whether it's security aspects or software features, the information is filtered out to remove any untruthful or biased claims.

We Score Kraken vs CoinPayments

3. We Score

To make the gathered & measured data more understandable and useful, each aspect is evaluated with a clear score, scale, or a short verdict. In this Kraken vs CoinPayments comparison, our goal is to help you choose the best just by glancing at the charts.

You Pick Kraken vs CoinPayments

4. You Pick

Our goal is to provide you with the clearest, factual & useful data out there. After we compare Kraken vs CoinPayments head-to-head, it's up to you to decide which cryptocurrency wallet is the best for your needs. Take your time & choose wisely!

FAQ

Which aspects are the most significant while comparing Kraken vs CoinPayments cryptocurrency wallets?

The first aspect you should give your attention to is the wallet type, as it reveals a lot about the product and its security. Usually, hardware wallets are the most popular for their high level of safety. Another important aspect is the number of supported coins, as some wallets may not be able to hold the cryptocurrency you possess. You should also consider the helpfulness of a brand's customer support & read some general feedback of other customers on how their issues were resolved. And, of course, price & payment methods are important as well, but in the world of crypto wallets, "free" often means a lower security level, so do not shy away from spending a little bit more for the safety of your crypto!

How should I know which crypto wallet is the best for me?

First, you need to consider your experience & knowledge level - decide whether you are a beginner, or an advanced user. Are you looking for a free wallet only, or are you willing to spend a little bit more for the sake of security and extra features? You should also consider how many & which coins you want to hold in one wallet. Our crypto wallet comparisons can help you answer all these questions.

What is the best cryptocurrency wallet type?

While wallets are highly preference-dependent, the most secure options are still going to remain paper and hardware wallets. The two types of cryptocurrency storage are going to allow you to retain the utmost security of your crypto coins - much better than, say, keeping them in an online exchange.

What types of cryptocurrency wallets are there?

In total, there are four big types of cryptocurrency wallets - online, hardware, software (app), and paper ones. Each of these types of wallets have their own features, benefits, and shortcomings, and are thus going to be suitable for different types of people, too. Security-wise, paper wallets are seen as the best alternative, while convenience-wise, software and online ones should be your go-to options.

What are "hot" and "cold" wallets?

Hot wallets are those crypto storage pieces of software that maintain a constant connection to the internet. As opposed to that, cold wallets are hardware devices that store your cryptos offline. Safety-wise, cold wallets are considered the best option - since they are always offline, you don't need to worry about some sort of a hacker stealing all of your cryptocurrency assets.

Are hardware wallets worth investing in?

It depends, but in most cases - yes. If you're just starting out with cryptocurrency trading and investing, a hardware wallet might be a bit of an overkill - it is generally considered that hardware wallets should be purchased once you have a significant amount of crypto, and want to keep it safe. If you're an active trader, that can also dissuade the matter even further - trading-wise, software and online wallets are much more convenient.

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