CoinSwitch vs Kraken : Which one is better for your business?

Crypto investing for HNIs and institutional investors is a vital segment for businesses like CoinSwitch and Kraken, as it targets high-value clients with significant transaction volumes and revenue potential. We'll compare CoinSwitch and Kraken based on their performance, safety, commissions, and exclusive offerings to determine which platform best meets the needs of institutional investors.

A quick overview on CoinSwitch and Kraken

What is CoinSwitch?

CoinSwitch offers a comprehensive suite of crypto services tailored for High Net-Worth Individuals (HNIs) and institutional investors. Unique features include advanced trading tools, personalized support, and compliance with global security standards, ensuring a secure and efficient trading experience.

What is Kraken?

Kraken is a cryptocurrency exchange that provides a comprehensive suite of services for institutional traders, including trading, staking, and custody. Unique features include deep liquidity, yield opportunities, and advanced tools like subaccounts and real-time market data. The platform emphasizes speed, stability, and robust API integration for seamless trading experiences.

Features of CoinSwitch and Kraken

CoinSwitch features

CoinSwitch offers a range of unique features tailored to meet the needs of High Net-Worth Individuals (HNIs) and institutional investors:

• Advanced Trading Tools: CoinSwitch provides sophisticated trading tools that enable users to execute complex trading strategies efficiently.
• Enhanced Safety: The platform is ISO/IEC 27001:2022 certified, FIU-registered, and compliant with anti-money laundering laws, ensuring a secure trading environment.
• Lowest Commissions: CoinSwitch offers a transparent fee structure with some of the lowest commissions in the industry, making it cost-effective for high-volume traders.
• Personalized Services: Users benefit from 24/7 support, dedicated account managers, and professional tax filing assistance, providing a tailored experience.
• Exclusive Access: CoinSwitch grants early access to new products and higher API throughputs, setting it apart from competitors by offering unique opportunities for its users.

Kraken features

Kraken offers a range of unique features tailored to meet the needs of institutional investors:

• Subaccounts: Allows users to trade and manage multiple trading strategies separately, providing flexibility and control over different investment approaches.
• Real-time Market Data: Provides historical and real-time market data for research and backtesting, including L3 and enriched data, enabling informed decision-making.
• API Integration: Offers connectivity via API, WebSockets, REST, and FIX 4.4, with IP whitelisting options, ensuring seamless and secure integration with existing systems.
• Deep Liquidity: Highly liquid order books across spot and stablecoins, enhanced by a diverse client base, ensuring efficient trade execution and minimal slippage.
• CF Benchmarks: A Kraken company that builds indices using diverse data sources, underpinning digital asset ETFs worldwide, setting Kraken apart by providing reliable and comprehensive market data.

Comparing CoinSwitch, Kraken and OneSafe's features

Why choose one over the other?

• Why Choose CoinSwitch Over Kraken: CoinSwitch offers some of the lowest commissions in the industry, making it a cost-effective choice for high-volume traders. Additionally, its personalized 24/7 support and dedicated account managers provide a tailored experience that can be crucial for HNIs and institutional investors seeking specialized assistance.
• Why Choose Kraken Over CoinSwitch: Kraken excels in providing deep liquidity and advanced trading tools like subaccounts and real-time market data, which are essential for executing complex trading strategies efficiently. The platform's robust API integration and industry-leading security features ensure a seamless and secure trading experience for institutional clients.

Considering OneSafe vs CoinSwitch and Kraken

• Why Choose OneSafe Over CoinSwitch and Kraken: OneSafe offers a seamless onboarding process and multi-currency support, making it ideal for global businesses. Unlike CoinSwitch and Kraken, OneSafe provides instant crypto to fiat conversions and vice versa, along with user-friendly corporate cards with spend limits, ensuring a comprehensive financial solution for international operations.

What are the customers saying?

CoinSwitch reviews

Users have given CoinSwitch mixed reviews, with an overall rating of 3 out of 5. While some users appreciate the platform's ease of use and intuitive interface, others have expressed frustration with dishonest trading practices and poor customer service.

• "the worst and dishonest trading company" - Dianne Mazzolini
• "Terrible platform, Took my money, tried to withdraw or get a refund or issue coins. Sent email saying other is pending because of signal jamming, the decision could not be appealed, and they could not tell me why, Keep in mind I have had an account with them for years, no issues. I will not be going back to CoinSwitch." - Kelvin Jonathan

For more detailed reviews, visit CoinSwitch Reviews.

Kraken reviews

Users have generally praised Kraken for its wide range of supported tokens, ease of use, and robust security features. The platform's clean interface, quality mobile app, and professional customer support are also highlighted as strong points. However, some users have expressed frustration with high fees and the lack of support for certain popular cryptocurrencies like BNB. Overall, Kraken has received a rating of 4.1 out of 5 stars.

• "Being able to have different applications built in one e.g. taking payments and signing up customers." - Aqib A.
• "It is now nearly two years ever since I implemented Kraken. Prior to this tool, I was using LocalBitcoins which was full of fraudsters. With Kraken, I am able to trade (buy and sell) bitcoins. It has an iOS mobile application which is easy to use and has a clean UI interface." - Ricky P.

For more detailed reviews, visit Kraken Reviews on G2.

OneSafereviews

Users have praised OneSafe for its exceptional customer support and innovative solutions that simplify complex financial tasks. The platform has received an overall rating of 4.8 out of 5 stars, reflecting high user satisfaction. Customers particularly appreciate the seamless 1:1 conversion from USD to USDC on Polygon and the platform's ability to revolutionize payroll and banking processes for Web3 organizations.

• "OneSafe has the best customer support I've ever experienced from a bank." - Amit Chu, Investments @ Celo Foundation
• "OneSafe is a game-changer. They solve so many headaches for our company. Finally, a banking solution that gets it." - Marco, CEO of Ensuro

For more detailed reviews, visit OneSafe.

CoinSwitch, Kraken, or OneSafe: Which is the best platform for you?

In conclusion, while CoinSwitch and Kraken offer robust features and services tailored for HNIs and institutional investors, OneSafe stands out with its exceptional customer support and innovative financial solutions. Each platform has its strengths, but OneSafe's seamless onboarding, multi-currency support, and user-friendly corporate cards make it a compelling choice. Ultimately, any of these platforms could meet your needs, but we recommend giving OneSafe a closer look for a truly comprehensive financial experience.