Kraken vs WEEX

Kraken and WEEX are both centralized exchanges where you can trade crypto on spot and futures markets. The main difference is scope and rules: Kraken holds a MiCA licence and requires identity verification, while WEEX skips mandatory verification, lists far more coins, and pushes leverage much higher.

Kraken vs WEEX

Category	KKraken9.3/10	WWEEX8/10
Overview
CryptoWinRate score	9.3/10 (higher)	8/10
Founded	2011	2017
Headquarters	San Francisco, USA	Singapore
Founder	Jesse Powell	Ricardo Suarez
CEO	David Ripley	Ricardo Suarez
KYC	Required	No KYC
MiCA licence	Yes	No
Regulator	Central Bank of Ireland (CBI)	—
Availability
Available in your country	—	—
Restricted countries	6 countries	46 countries
Deposits and withdrawals
Deposit methods	9 methods	12 methods
Withdrawal methods	7 methods	2 methods
24-hour withdrawal limitKYC 0	—	$10,000
24-hour withdrawal limitKYC 1	$500,000	$1,000,000
24-hour withdrawal limitKYC 2	$10,000,000	—
Trading fees
Spot maker fee	0.4%	0.1% (lower)
Spot taker fee	0.8%	0.1% (lower)
EU spot feesmaker/taker	0.4% / 0.8%	—
Futures maker fee	0.02%	0.02%
Futures taker fee	0.05% (lower)	0.08%
Coins and markets
Spot assetscrypto	679	2,048 (higher)
EU coins	679	—
Futures contractscrypto	199	570 (higher)
Stocks	13	—
ETFs	5	—
FX pairs	3	8 (higher)
Indices	—	40
Commodities	6 (higher)	1
Leverage and margin
Max leverage	50×	400×
EU max leverage	10×	—
Spot margin	10×	—
Features
Spot	Yes	Yes
Futures	Yes	Yes
P2P	No	Yes
Demo Trading	Yes	Yes
Copy Trading	No	Yes
Staking	Yes	Yes
Debit card	Yes	No
Security
Proof of reserves	YesAttestation ↗	YesAttestation ↗
Cold storage	Yes	Yes
Two-factor authentication	Yes	Yes
Withdrawal address whitelist	Yes	Yes
Anti-phishing passphrase	No	Yes
Reported hacks	YesSource ↗	—
Sign-up bonus
Bonus	—	$10,000
Fee cashback	10%	10%
	Visit Kraken ↗Read review →	Visit WEEX ↗Read review →

Availability in your country is checked live against each exchange's restricted-country list.

Who should choose Kraken

Kraken fits people who want a regulated home for their trading. It holds a MiCA licence, which matters if you’re an EU customer who wants an exchange operating under EU rules, and identity verification is required across the board. It also offers staking, a debit card, and tokenized stocks (13), so you can hold and grow assets beyond plain trading. Leverage is capped at 50x, which suits traders who prefer a firmer ceiling on risk.

Who should choose WEEX

WEEX suits active traders who want reach and aggressive futures. It lists 2,048 spot coins and 570 futures coins, well beyond Kraken’s range, so newer and smaller tokens are easier to find. Leverage runs up to 400x, and verification is optional, letting you start faster. Spot fees are flat at 0.1% for both maker and taker, cheaper than Kraken’s spot pricing. It also offers copy trading and peer-to-peer trading.

Verdict

Pick Kraken if you value a MiCA licence, staking, and a regulated setup with verified accounts. Pick WEEX if you want the widest coin selection, high leverage, cheaper spot fees, and optional verification for a quick start.