Kraken vs Robinhood: Price, Security & Features (2024) (2024)

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Compare Kraken vs Robinhood & find out which is the safest option for storing your crypto. Check the expert-gathered crypto wallet data side by side and make an informed decision.

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Kraken vs Robinhood - Crypto Wallet Comparison Overview

After performing an in-depth analysis of Kraken vs Robinhood 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 Robinhood comparison results, take a glance at the short table below.

By comparing Kraken vs Robinhood overall scores, we clearly see that Kraken has the higher overall score of 7.5. Robinhood, on the other hand, has scored 6.0 final points.

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Main score based on expert evaluations & real user reviews.

Whether the crypto wallet is hardware, software, desktop or paper type.

For which purpose or for what kind of people is the cryptocurrency wallet best for.

Final crypto wallet evaluation conclusion based on research, expert opinions & user feedback.

	LEDGER NANO X	KRAKEN	ROBINHOOD
Overall Score	9.8	7.5	6.0
Wallet Type	Hardware	Software	Online
Best For	Best for Safely Storing, Sending, and Receiving Different Cryptocurrencies	Crypto-to-crypto trading. Margin trading. Advanced traders.	Best for Quickly Trading and Exchange Cryptocurrencies
Verdict	One of the best hardware cryptocurrency wallets ever made.	A top-tier cryptocurrency wallet, especially for beginner crypto enthusiasts who want to keep things simple.	A simple-to-use cryptocurrency wallet with some significant shortcomings.
	Visit site Read review	See TOP10 Brands Read review	See TOP10 Brands Read review

Kraken vs Robinhood Crypto Wallet Comparison Data

Compare Kraken vs Robinhood 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!

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The main advantages of a certain cryptocurrency wallet.

The main disadvantages of a certain cryptocurrency wallet.

Score that represents the ratio of the quality & advantages you get for a certain price.

How easy & intuitive it is to use a certain crypto wallet.

Most popular hand-picked deals & coupons.

Overall level of security & safety of your assests offered by a certain crypto wallet.

Whether the crypto wallet requires two-factor authentication as an extra layer of security when completing an action.

Whether the crypto wallet requires multiple keys to authorize a transaction as an extra layer of security.

Whether the crypto wallet requires a Pin code as an extra layer of security when completing an action.

The general anonimity level of your data.

What kind of methods of recovering your cryptocurrency assets in case you lose your wallet or forget your primary password does the wallet offer.

Who owns your private keys.

The level of control you have on the crypto wallet.

Amount of cyprotcurrencies that are supported in a certain cryptocurrency wallet.

Amount of tokens that are supported in a certain cryptocurrency wallet.

Whether or not the crypto wallet supports the Ethereum token.

Whether or not the cryptocurrency wallet is compatible with other wallets & which.

Whether or not the crypto wallet supports the original BTC addresses that start with "1".

Whether or not the crypto wallet supports newer BTC addresses that came to be due to a soft fork. These addresses start with "3".

Whether or not the crypto wallet supports these specific types of BTC SegWit addresses. These wallet addresses start with "bc1".

Wallet Software

What kind of actions you can carry out via certain cryptocurrency wallet

Whether or not the users can control the transaction fees according to their personal needs.

What kind of additional features does each cyrpto wallet offer.

Is the crypto wallet open source or closed source.

How helpful and responsive is each cryptocurrency wallet's customer support.

What kind of connectivity methods are used for each wallet's management.

Through which mediums can you manage & control your crypto wallet.

Whether or not (and for how long) the crypto wallet offers a time period in which you can return the wallet free of cost.

The lowest cost of each brand's product. These are regular prices without discounts.

What kind of additional fees you may have to pay for extra services.

Whether or not the cryptocurrency wallet accepts payments via bank wire transfer.

Whether or not the cryptocurrency wallet accepts payments via debit or credit card.

Whether or not the cryptocurrency wallet accepts payments via PayPal.

Whether or not the cryptocurrency wallet accepts cryptocurrency payments.

Full legal business name of the cryptocurrency wallet.

The location where the cryptocurrency wallet company is based.

The year when the crypto wallet was established.

	LEDGER NANO X	KRAKEN	ROBINHOOD
Pros	Can be managed from mobile device Very secure Supports more than 5500 cryptocurrencies Comfortable design	Built-in exchange functionality Full SegWit wallet support Very secure and reliable Decent withdrawal fees Can withdraw fiat money	Easy to use Accepts fiat currencies Decent security measures in place
Cons	Relatively expensive	Limited wallet functionality	Zero anonymity options You do not control your wallet Limited cryptocurrency options Potential hidden fees apply
Value For Money
Ease of Use
Latest Coupons	Get deal All Ledger Nano X Coupons	See All Coupons of Best Wallets	See All Coupons of Best Wallets
Security
Security Level	\| \| \| \| \| Very Poor Average Excellent	\| \| \| \| \| Very Poor Average Excellent	\| \| \| \| \| Very Poor Average Excellent
2FA Two-factor Authentification
Multi-signature
Pin Code
Anonimity Level	\| \| \| \| \| Very Poor Average Excellent	\| \| \| \| \| Very Poor Average Excellent	\| \| \| \| \| Very Poor Average Excellent
Backup Type	24-word Recovery Phrase or Nano S Plus	Backup code, Secret seed code	Seed Phrase, backup coverage
Private Key Owner	You	Wallet	Wallet
Full Wallet Control	\| \| \| \| \| No Partial Yes	\| \| \| \| \| No Partial Yes	\| \| \| \| \| No Partial Yes
Supported Crypto
Number of Supported Crypto	1100+ See Full List	150 + See Full List	18+ See Full List
Number of Supported Tokens	5500+ See Full List	- See Full List	1500+ See Full List
ERC20 Support
Compatibility With Wallets/Exchanges	MyCelium, Exodus + 48 more	Compatible with wallets	N/A
Legacy Addresses
SegWit
Bech32
Software Features
Wallet Software	Android App iOS App Windows Software MacOS Software Linux	Android App iOS App Windows Software MacOS Software Linux	Windows Software MacOS Software Android App iOS App Linux
Software Functions	Receive Send Store	Stake Trade	Trade Exchange Swap
Transaction Fee Control
Extra Features	Password Manager	Exchange functionality	Trading Features
Transparency	Open-Source	Open-Source	Open-Source
Customer Support	\| \| \| \| \| Very Poor Average Excellent	\| \| \| \| \| Very Poor Average Excellent	\| \| \| \| \| Very Poor Average Excellent
Connectivity
Wallet Connectivity	Bluetooth USB Wifi	Wifi	Wifi
Wallet Control	Mobile Desktop	Mobile Desktop	Online
Pricing
Money Back Guarantee	14 days	No	N/A
Base Price	149 EUR	0 USD	0 USD
Service Fees	N/A	0% to 0.26% per trade, 3.75% + €0.25 for credit card purchases, and 0.5% for online banking processing	N/A
Payment Methods
Wire Transfer
Credit/Debit Card
PayPal
Cryptocurrency
Company’s info
Full Company Name
Based in	Paris, France	San Francisco, USA	New York, USA
Year of Origin	2014	2013	2013
Check Official Website	Visit site Read review	See TOP10 Brands Read review	See TOP10 Brands Read review

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Kraken vs Robinhood 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 Robinhood, we can see that Kraken has a higher Value for Money score compared to Robinhood.

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 Robinhood comparison, it’s evident that Robinhood has somewhat better security features than Kraken. 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 Robinhood, it’s clear that Robinhood has the higher number of supported crypto with 18+ cryptocurrencies available, while Kraken supports 150 + 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 Robinhood 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 Robinhood online crypto wallet comparison tool revealed that Ledger Nano X has better features & higher in-depth evaluation scores than Kraken and Robinhood.

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

When it comes to Ledger Nano X supported coins, the device is compatible with more than 5,500 cryptocurrencies. That being said, you’ll be able to store not only the most popular but also less-known coins and tokens.

I hope that this Ledger Nano X review was helpful and you managed to find all the information that you were looking for. Whatever you decide, always know that cold wallets can protect your cryptocurrencies best.

Read Full Ledger Nano X Review

Best User Reviews of Compared Crypto Wallets

E Cruz

5.0/5.0 - Ledger Nano X User

July 7, 2024

Perfect combo

Cold wallets are my favourite due to security they guarantee, but the Ledger nano x more convenient than other alternatives because of the BT connection feature

Bessie Cox

5.0/5.0 - Ledger Nano X User

July 30, 2024

Love this device

This ledger x review is only giving me more reasons to appreciate the company more :D The creators have thought of everything that is security related and users don't have to sacrifice convenience!!

Reem Colley

5.0/5.0 - Kraken Wallet User

July 6, 2024

Good wallet

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

Britany Burks

4.2/5.0 - Robinhood User

June 7, 2024

Not very secured

Online never be my choice of crypto wallet

Read All Ledger Nano X User Reviews

LEDGER NANO X

LEDGER NANO S PLUS

9.8

9.6

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LEDGER NANO X

BINANCE

9.8

9.4

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LEDGER NANO X

COINBASE

9.8

8.6

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The Process Behind Kraken vs Robinhood Comparison

1. We Gather

To make this Kraken vs Robinhood 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.

2. We Measure

To make sense of the gathered Kraken vs Robinhood 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.

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 Robinhood comparison, our goal is to help you choose the best just by glancing at the charts.

4. You Pick

Our goal is to provide you with the clearest, factual & useful data out there. After we compare Kraken vs Robinhood 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 Robinhood 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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