Crypto Exchange comparison
Crypto.com vs Kraken
Crypto.com and Kraken are both well-established crypto exchanges available to Australians, but the biggest practical difference is account flexibility. Kraken supports SMSF and trust accounts, making it the clear choice for serious or structured investors, while Crypto.com offers a lower minimum purchase of just $1 and a wider range of deposit methods including crypto deposits.
Choose
Crypto.com
if…
- ›You want to start trading with as little as $1 per purchase
- ›You want to deposit using crypto transfers from another wallet
- ›You value built-in video courses and research reports for learning
- ›You want a single-asset DCA strategy with multiple auto-invest levels
Choose
Kraken
if…
- ›You need an SMSF or trust account to invest through your super or entity structure
- ›You want an Australian tax statement generated within the platform
- ›You prefer a longer track record — Kraken has been operating since 2011
- ›You want to avoid any minimum deposit requirement above $5 (Kraken's minimum is $5)
Where they differ
| Fact | Crypto.com | Kraken |
|---|---|---|
| Minimum purchase | $1 | $5 |
| Account types | Individual & company only | Individual, company, trust & SMSF |
| Australian tax statement | Not provided | Provided |
| Crypto deposit support | Yes | Not listed |
| Year founded | 2016 | 2011 |
Verdict
Choose Crypto.com for ultra-low entry and flexible deposits; choose Kraken if you need SMSF/trust accounts or an Australian tax statement.
All data points side-by-side
Every verified fact for both platforms. Differences are highlighted.
| Field | Crypto.com | Kraken |
|---|---|---|
| account structure | ||
| Individual account | Yes | Yes |
| Joint account | No | No |
| Company account | Yes | Yes |
| Trust account | — | Yes |
| SMSF account | — | Yes |
| Kids / minor account | No | No |
| asset coverage | ||
| ASX shares supported | No | — |
| ASX ETFs supported | No | — |
| US shares supported | No | — |
| US ETFs supported | No | — |
| Other markets supported | — | |
| Fractional shares (ASX) | No | — |
| Fractional shares (US) | No | — |
| Options trading | No | — |
| CFDs supported | No | — |
| Crypto trading | Yes | Yes |
| Managed funds | No | — |
| Bonds supported | No | — |
| IPO access | No | No |
| costs hidden | ||
| Market data fees | $0/month | $0/month |
| Conditional order fees | $0 | $0 |
| costs visible | ||
| Monthly platform fee | $0/month | $0/month |
| Annual platform fee | $0/year | $0/year |
| Inactivity fee | — | $0 |
| Withdrawal fee (AUD) | $0 | $0 |
| identity and trust | ||
| Legal entity name | Foris DAX AU Pty Ltd | Bit Trade Pty Ltd (trading as Kraken) |
| AFSL number | 467,462 | 545,124 |
| AUSTRAC registration | Yes | Yes |
| Year founded | 2,016 | 2,011 |
| Parent / ownership | Foris DAX MT (Malta) Limited (ultimate parent of the Foris DAX / Crypto.com group); Australian entities Foris DAX AU Pty Ltd and Foris GFS Australia Pty Ltd | Payward, Inc. (Bit Trade Pty Ltd acquired by Kraken in 2020) |
| Country of incorporation | AU | AU |
| Public company status | private | private |
| money movement | ||
| Minimum initial deposit | $0 | $5 |
| Minimum subsequent purchase | $1 | $5 |
| Deposit methods | PayID, Bank transfer (NPP), Debit card, Credit card, Apple Pay, Google Pay, Crypto deposit | PayID, Osko bank transfer, Debit card (mobile app), Credit card (mobile app), Apple Pay, Google Pay |
| Withdrawal time | Typically near-instant via PayID/NPP; up to 1-2 business days for standard bank transfer | AUD withdrawals via Osko bank transfer typically same business day (PayID withdrawals not yet supported) |
| platform ux | ||
| iOS app | Yes | Yes |
| Android app | Yes | Yes |
| Desktop platform | Yes | Yes |
| Demo account | No | No |
| Free real-time market data | Yes | Yes |
| Free research reports | Yes | No |
| 2FA support | authenticator | authenticator |
| Customer support channels | Live chat (24/7 in-app & web), Email, Phone (cardholders only), Help centre, Social media | 24/7 live chat, email, support portal, phone (24/7) |
| Support hours (AU time) | 24/7 | 24/7 (live chat and phone) |
| Education content | video + courses | video + courses |
| tax and reporting | ||
| Australian tax statement | No | Yes |
| CGT calculator / report | No | No |
| Sharesight / Navexa integration | Yes | Yes |
| trading mechanics | ||
| Market orders | Yes | Yes |
| Limit orders | Yes | Yes |
| Stop loss orders | Yes | Yes |
| Conditional orders | Yes | Yes |
| Auto-invest / DCA | Yes | Yes |
| Auto-invest sophistication | multiple | single asset |
| After-hours / overnight trading | Yes | Yes |