What is the difference between Coinbase and Kraken?

Kraken is an exchange, not a wallet service . We provide clients the ability to deposit funds to our corporate wallet for safekeeping while the funds are being exchanged or used for trading or staking, but we do not provide a personal wallet service.

Originally Answered: Is it safe to keep bitcoin and other cryptocurrancy in your Kraken exchange account? No, it is not safe . If you entrust people with your money – they will run with your money. The cryptocurrency is only safe if you hold the private key.

Kraken offers 69 coins, including three stablecoins: USD Coin (USDC), DAI (DAI), and Tether (USDT) . It accepts seven fiat currencies, including USD, EUR, CAD, AUD, GBP, CHF, and JPY. U.S. investors are limited to 52 coins.