Nexo

Kraken vs AmberApp

Kraken Logo

Kraken

Kraken is a digital asset exchange platform that was founded in 2011 and is headquartered in San Francisco, California. UK Residents: Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you shou...

AmberApp Logo

AmberApp

AmberApp (formerly amber.) is a Bitcoin savings wallet. It offers DCA (dollar-cost averaging) tools and other automation that can help you easily acquire Bitcoin over time using your traditional bank account. AmberApp does not currently pay intere...

Platform
Kraken Platform
AmberApp Platform
Website
Bonus
$10 BTC with first purchase
Token
Founded
2011
2017
Headquarters
San Francisco, CA
Australia
Availability
Worldwide, on-chain staking unavailable in the US and UK
Australia, majority of USA

Cryptocurrency Rates

BTC Rate
0.15%
BTC Max
ETH Rate
2.5%
ETH Max
7%
LTC Rate
LTC Max
DOGE Rate
DOGE Max
Stablecoin Rate
6.5%
Stablecoin Max

Fees & Financial

Compounding
No
No
Payouts
Once or twice a week, depending on coin
Fees
Yes
Yes, flat transaction fee
Lockup
Maker Fee
0.16
Taker Fee
0.26
Kraken Logo

Kraken Pros

    • Offers on and off-chain staking
    • Full exchange services

Kraken Cons

    • Interest rate will vary (Kraken takes a flat 15% from staking rewards)
AmberApp Logo

AmberApp Pros

    • Instant buy, instant sell
    • Automated recurring purchases
    • EFT, Credit Card and PayID
    • USD withdrawals are free
    • Uses cold storage in a collaborative multi-signature setup for our custodial wallets

AmberApp Cons

    • Does not currently pay interest on holdings
    • Bitcoin withdrawals incur a flat 0.0003BTC (30,000 sats) transaction fee