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Krak vs Phemex

Compare rates, fees, access, and key features side by side.

Krak

Krak

Krak is a new simple crypto-powered mobile payment app by the popular Kraken crypto exchange. It is designed to be a crypto-friendly alternative to Ve...

CIR score4.0
VS
Phemex

Phemex

Phemex is a crypto exchange offering exceptionally low fees and powerful tools for trading.Phemex EarnPhemex Earn is a crypto lending product from Phe...

CIR score4.3

General

Platform
Kraklogo
Phemexlogo
Founded
Krak2025
Phemex2019
Headquarters
KrakSan Francisco, CA
PhemexSingapore
Availability
KrakWorldwide
PhemexWorldwide, excluding US

Fees & Financial

Bonus
Krak$10 bonus after $10 deposit with code: CIR
Phemex$20 bonus
Token
Krak
Phemex
Compounding
KrakYes
PhemexNo
Payouts
KrakWeekly
Phemex
Fees
KrakNone
Phemex
Lockup
KrakNone
Phemex
Maker Fee
Krak
Phemex0.01
Taker Fee
Krak
Phemex0.06

Cryptocurrency Rates

BTC Rate
Krak0.1%
Phemex1%
BTC Max
Krak
Phemex3%
ETH Rate
Krak1%
Phemex1.5%
ETH Max
Krak
Phemex3%
Stablecoin Rate
Krak2%
Phemex2%

Krak

Review

Pros

  • Simple, fee-free and rewarding app to manage crypto payments
  • Pays interest rewards on most coins
  • No lock ups

Cons

  • Rates are modest
  • New app with limited features vs full Kraken

Phemex

Review

Pros

  • Flexible deposit terms

Cons

  • Rates lower than other exchanges