Comparison of Kraken vs Giottus [ 2024 ]

The crypto exchanges compared by their commissions, cryptos, security and much more. Here is the Kraken vs Giottus comparison!

Your expert: Alejandro Borja

Kraken

Your expert: Xavier Tarrasó

Giottus

Main points

Fees

0,16%/0,26%

Earns

Customer service

5/5

0,30%/0,40%

Fees

Earns

3/5

Customer service

Recommended for

Beginners

Yes

Trading

Yes

Passive income

Buy and hold

Yes

Beginners

Trading

Passive income

Yes

Buy and hold

Comparison of fees

Rating

4.5 – Low fees with additional benefits for high-volume traders.

4.0 – Competitive fees with strong local support in India.

Level

0,16%/0,26%

0,30%/0,40%

Brief explanation

Kraken’s commission structure is designed to be competitive and favorable for both low and high-volume traders. The exchange employs a tiered fee schedule that rewards users with lower trading fees as their trading volume increases over a 30-day period. Fees vary depending on whether you are a maker (creating a new order on the book) or a taker (filling an existing order), with maker fees generally being lower than taker fees to encourage liquidity. While the fees are relatively low for high-volume traders, those trading smaller amounts may find the fees slightly higher compared to other platforms. Additionally, Kraken charges flat fees for fiat deposits and withdrawals, though these can vary based on the method and currency used. Overall, Kraken’s fee structure is transparent, with details readily available on its website, helping users to anticipate and calculate potential trading costs effectively.

Giottus offers a competitive fee structure designed to attract both new and experienced traders. The exchange charges a 0.20% fee for takers and no fee (0.00%) for makers, which is favorable compared to the industry average of 0.2294% for takers and 0.1854% for makers. This makes trading on Giottus cost-effective, especially for market makers who provide liquidity to the platform. For high-volume traders, Giottus offers even lower fees, with the potential for customized rates based on trading activity .

Kraken

Security Methods: Kraken's commitment to security is unparalleled, utilizing state-of-the-art security measures such as two-factor authentication, SSL encryption, and cold storage of the majority of assets. This rigorous approach minimizes the risk of hacking and unauthorized access, making it a trusted platform for trading cryptocurrencies.
Reputation and Reviews: Kraken has maintained a strong reputation within the crypto community for over a decade. Its track record of security, user-focused services, and operational resilience has garnered positive reviews from users and industry analysts alike, reinforcing its standing as a reputable exchange.
Transparency: Kraken is known for its transparency in operations, frequently updating users on system upgrades, security measures, and changes in regulatory compliance. This openness builds trust and ensures that users are well-informed about their trading environment.
Trading Volume and Liquidity: Kraken is one of the largest exchanges in terms of trading volume and liquidity. This allows users to execute large trades without significantly affecting the market price, which is critical for both retail and institutional traders.
Possible Regulation: Kraken adheres to regulatory requirements in all jurisdictions in which it operates, enhancing its credibility and reliability. Compliance with these regulations not only ensures the legality of its operations but also provides a layer of security for its users' investments.

Giottus

Year Founded Giottus was founded in 2018, giving it several years of operational experience in the cryptocurrency market. This track record helps build trust and credibility among users.
Reputation and Reviews Giottus has received positive reviews from its users and industry experts, with many praising its user-friendly interface, strong security, and responsive customer support. This positive reputation further reinforces trust in the platform.
Number of Users The platform has a growing user base, with thousands of active traders. This widespread usage indicates a level of trust and satisfaction among its customers.
Customer Service Giottus offers comprehensive customer support through multiple channels, including live chat, email, and phone. The support team is known for its prompt and helpful responses, contributing to a positive user experience and trustworthiness.
Security Methods Giottus employs advanced security measures, including cold wallet storage, two-factor authentication (2FA), and regular security audits. These protocols ensure the safety of users' funds and personal information.

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Account Minimum

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Direct link to the website

Product selection

Native token

Earns

NFT marketplace

Cripto/debit card

Full name

Payward, Inc.

Giottus Technologies Pvt Ltd.

Regulation

Regulated in the EE. UU.

Not regulated

Year founded

2011

2017

Founder

Jesse Powell

Vikram Subburaj and Arjun Vijay

Payment methods

Transfers

Yes

Mastercard

Yes

Wire transfer

Yes

Card

Yes

Comparative table

Kraken	FEATURES	Giottus
Kraken allows relatively low minimum trade volumes, making it accessible for beginners.	Minimum Trade	Giottus allows for small minimum trades, making it accessible for beginners to start trading with limited capital.
Competitive fees, though slightly higher for low volume traders; discounts for high volume.	Trading and Transaction Fees	Giottus charges a 0.20% fee for takers and 0.00% for makers, which is competitive but slightly above average for takers.
Offers a wide selection of cryptocurrencies, catering to diverse trading preferences.	Number of Cryptocurrencies	With over 44 cryptocurrencies available, Giottus offers a good selection but lacks some niche altcoins.
Extensive range of trading pairs, though some less popular pairs have lower liquidity.	Crypto-to-Crypto Trading Pairs	The platform supports several crypto-to-crypto pairs, though the variety is less extensive compared to larger exchanges.
High transparency about fees, security measures, and operational status updates.	Website Transparency	Giottus provides clear information on fees and security measures, but could improve by offering more detailed educational resources.
Kraken does not offer an exchange card for customers to use for in-store purchases and receive benefits.	Credit/Debit Card	Giottus does not offer an exchange card for customers to use for in-store purchases and receive benefits.
Excellent security with a majority of funds held in cold storage; provides peace of mind.	Storage Offering	The platform uses cold wallet storage insured by Bitgo, ensuring high security for user funds.
Offers staking options with competitive rewards, although not available for all assets.	Staking and Rewards	Giottus offers staking options for certain cryptocurrencies, providing users with opportunities to earn passive income.
Both platforms are robust and fully-featured, though the interface can be complex for new users.	Mobile App and Desktop	Giottus offers a user-friendly mobile app and desktop platform, though the web interface could be less cluttered.
Customer service is reliable but can experience delays during high demand periods.	Customer Service	The exchange provides 24/7 support via live chat, email, and phone, but response times can be slower during peak periods.
Efficient deposit and withdrawal processes, though options may vary by region.	Deposit and Withdraw	Giottus supports fast INR deposits and withdrawals via bank transfer and UPI, though it charges higher fees for crypto withdrawals compared to industry averages.

Key features

Analysis tools

Advanced charting tools, technical analysis

Basic charting tools

Mobile APP

Security

High 4,9/5

High 4,5/5

Additional features

Margin trading, futures trading, staking, Kraken Pro exchange

Staking, fiat on/off ramps, multilingual support, Giottus Earn

Anonymity

Key points

Available cryptocurrencies

100+

20+

User-friendliness

Kraken features a clean and intuitive interface that is easy for beginners to use. The platform is designed to provide a seamless trading experience, making it easy to buy and sell cryptocurrencies.

Giottus offers a user-friendly platform that is easy to navigate, making it suitable for beginners. The interface is designed to facilitate a smooth trading experience with all necessary features easily accessible.

Value for money

Offers excellent value for money with low trading fees, strong security features, and a wide range of supported cryptocurrencies.

Delivers good value for money with competitive fees and strong local support in India, making it a good choice for regional users.

Countries of operation

United States, Canada, United Kingdom, Europe, Australia

India

Best for

Suitable for all types of investors, from beginners to advanced traders, due to its low fees, strong security features, and wide range of supported cryptocurrencies.

Best for Indian traders seeking a reliable platform with competitive fees and strong local support.

Base currencies available

USD, EUR, CAD, GBP, JPY, BTC

INR, BTC

Account

Trading

Kraken is known for its high security and wide range of cryptocurrencies. It offers advanced trading tools and competitive fees but can be complex for beginners.

Giottus is an Indian exchange with easy fiat integration and competitive fees. It offers a good range of cryptocurrencies but lacks some advanced trading tools.

Deposit and withdrawal

Kraken supports a wide range of deposit and withdrawal methods, including bank transfers, credit/debit cards, and cryptocurrencies. Withdrawals are processed quickly, with competitive fees .

Giottus provides easy fiat and cryptocurrency deposit methods. Withdrawals are processed quickly, typically within a day. Fees are competitive, making it a good choice for Indian users.

Account opening process

Kraken offers a straightforward and secure account registration process. Users need to submit personal details, verify their identity, and address. The process is fully digital and typically takes less than a day to complete.

Giottus offers an easy and quick account registration process. Users need to provide personal details and verify their identity. The process is fully digital and typically takes less than a day to complete.

KYC required?

Yes

Customer Service

Kraken offers comprehensive customer support through email, live chat, and a help center. Support is available 24/7, and the response times are quick, ensuring users get timely assistance .

Giottus offers support through email and live chat. The response time is quick, and the support team is available 24/7, making it reliable for users in India and beyond.

Security

Kraken offers extensive security features, including 2FA, encryption, and cold storage. It is regulated by multiple financial authorities, making it a highly secure platform for investors.

Giottus ensures security through 2FA, encryption, and cold storage. It is regulated by Indian authorities, providing a secure environment for investors.

Which of these exchanges is for you?

Alejandro Borja

In concluding our comprehensive review of Kraken through Threenvest’s lens, it’s clear that Kraken stands as a formidable player in the cryptocurrency exchange landscape. Known for its robust security measures, wide range of cryptocurrencies, and advanced trading features, Kraken appeals especially to traders who prioritize safety and a diverse portfolio. These strengths are complemented by its deep liquidity and competitive fee structure, making it a preferred choice for serious traders. However, its complex interface and sometimes slow customer service response times during peak periods could pose challenges, particularly for newcomers to cryptocurrency trading. Compared to other exchanges, Kraken’s commitment to regulatory compliance and security is notably strong, positioning it as one of the safer trading environments in an industry fraught with security concerns. On the flip side, its user interface and learning curve may not be as appealing to beginners as some other platforms that focus more heavily on user-friendliness and simple navigation. For users of Threenvest looking to engage in sophisticated trading strategies or those who value a highly secure trading platform, Kraken is undoubtedly a top contender. However, those new to the market might consider starting with platforms that offer more guidance and a more intuitive trading experience.

Xavier Tarrasó

As an expert at Threenvest, I recommend Giottus for its user-friendly platform and strong security measures, especially if you’re based in India. Giottus simplifies the trading process with easy INR deposits and withdrawals, and it offers competitive fees. However, if you’re looking for a wide range of niche cryptocurrencies or are based outside India, you might find some limitations. Overall, Giottus provides a reliable and secure trading experience, making it a solid choice for both beginners and experienced traders.

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How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).

For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.