tech from europe
Kraken

The best alternatives to Kraken

7 European alternatives · updated 16 October 2026 · How we select

Kraken’s high instant-buy spreads and strict KYC push traders toward European exchanges with lower fees and clearer data jurisdiction. Others switch to avoid the split between Kraken’s beginner and Pro interfaces or the long verification holds that lock funds during compliance checks.

In short

Kraken covers crypto payment processing, fiat on/off-ramp, otc trading, crypto custody and mass payouts. European alternatives: CryptoProcessing by CoinsPaid, CoinGate, BVNK, Inqud and Fipto and 2 more. By area: CryptoProcessing by CoinsPaid, CoinGate and BVNK for crypto payment processing; CryptoProcessing by CoinsPaid, CoinGate and BVNK for fiat on/off-ramp; CryptoProcessing by CoinsPaid, BVNK and Inqud for OTC trading; CryptoProcessing by CoinsPaid, CoinGate and BVNK for crypto custody; CryptoProcessing by CoinsPaid, CoinGate and BVNK for mass payouts.

European alternatives to Kraken

CryptoProcessing by CoinsPaid🇪🇪 EE

EU-based crypto payment gateway with instant fiat conversion

Replaces Kraken’s payment processing, fiat on/off-ramp, custody, mass payouts and OTC trading for businesses.

Covers all of Kraken★ 4.3 (7 reviews)
EU hostingGDPRISO/IEC 27001
CryptoProcessing by CoinsPaid vs Kraken →
What users praise and criticise
  • Intuitive merchant dashboard with transparent transaction tracking
  • Straightforward integration and simple end-customer checkout
  • Support for 20+ cryptocurrencies with instant conversion to 40+ fiat currencies (EUR, USD, etc.)
  • Rigorous and lengthy KYB onboarding with extensive documentation requirements and multi-week review times
  • Limited selection of niche cryptocurrencies and exotic fiat pairings compared to specialized aggregators
  • Regional delays or limits for non-EU fiat settlements (e.g., INR)
CoinGate🇱🇹 LT

EU-regulated crypto payment gateway for merchants

Replaces Kraken’s payment processing, fiat on/off-ramp, custody and mass payouts for merchants.

Crypto payment processingFiat on/off-rampCrypto custodyMass payouts★ 3.7 (1682 reviews)
GDPR
CoinGate vs Kraken →
What users praise and criticise
  • Intuitive dashboard and straightforward setup with smooth e-commerce plugin and API integration
  • Supports payments across dozens of cryptocurrencies and stablecoins
  • Real-time conversion and settlement into fiat (EUR, USD) or stablecoins to mitigate volatility
  • Strict KYC and corporate verification process causing onboarding delays
  • Support bottlenecks during payment holds or manual refund interventions
  • Basic reporting features and limited accounting export depth
BVNK🇬🇧 GB

Enterprise crypto and stablecoin payment infrastructure for high-volume merchants

Replaces Kraken’s payment processing, fiat on/off-ramp, custody, mass payouts and OTC trading for high-volume merchants.

Covers all of Kraken★ 4.1 (16 reviews)
EU hostingGDPRISO 27001:2022
BVNK vs Kraken →
What users praise and criticise
  • Dedicated customer support and proactive account management
  • 24/7 cross-border settlement bridging fiat and stablecoin networks
  • API-first architecture enabling rapid integration of crypto checkouts and mass payouts
  • Strict KYB/AML onboarding delays and extensive documentation requirements
  • Occasional portal UI performance lags and slow page loading
  • Enterprise-only focus with $500k/month minimum processing threshold
Inqud🇵🇱 PL

Crypto payment gateway for multi-chain checkout and auto-conversion

Replaces Kraken’s crypto payment processing, fiat on/off-ramp and OTC trading for merchants and institutions.

Crypto payment processingFiat on/off-rampOTC trading★ 4.5 (19 reviews)
EU hostingGDPRFree planISO 27001
Inqud vs Kraken →
What users praise and criticise
  • Intuitive dashboard and clean UI for managing crypto and fiat balances
  • Developer-friendly onboarding with drop-in widgets, hosted checkouts and REST APIs
  • Sandbox testing environments enable fast go-to-market (1–3 business days)
  • Lack of publicly published pricing tables, quote-based model only
  • Sales-gated onboarding and enterprise-focused contracting structure
  • Geographical and regulatory restrictions limit availability in certain jurisdictions
Fipto🇫🇷 FR

Enterprise stablecoin and fiat payment rails with dual French regulation

Replaces Kraken’s payment processing, fiat on/off-ramp, custody and mass payouts for regulated enterprises.

Crypto payment processingFiat on/off-rampCrypto custodyMass payouts★ 3.9 (4 reviews)
EU hostingGDPRISO/IEC 27001:2022
Fipto vs Kraken →
What users praise and criticise
  • Simple platform navigation and payment link generation
  • Easy setup of dedicated IBANs and digital/crypto wallets
  • Near-instant global cross-border payment execution via fiat and blockchain settlement
  • Technical integration challenges with legacy systems via API and blockchain rails
  • Limited public review footprint and reliance on custom enterprise pricing
WL Crypto Payments🇫🇷 FR

Omnichannel crypto payment gateway with instant fiat settlement

Replaces Kraken’s crypto payment processing and fiat on/off-ramp for in-store and online merchants.

Crypto payment processingFiat on/off-ramp
EU hostingGDPRISO 27001:2022
WL Crypto Payments vs Kraken →
Salamantex🇦🇹 AT

Austrian crypto payment gateway with instant EUR conversion for POS and e-commerce

Replaces Kraken’s payment processing and fiat on/off-ramp for POS and e-commerce merchants.

Crypto payment processingFiat on/off-ramp
GDPR
Salamantex vs Kraken →

All Kraken alternatives at a glance

Which part of Kraken each alternative covers.

ProviderCrypto payment processingFiat on/off-rampOTC tradingCrypto custodyMass payoutsFromRating
Kraken 🇺🇸 (the tool you are replacing)✓✓✓✓✓$4.99/mo★ 4.1
CryptoProcessing by CoinsPaid 🇪🇪✓✓✓✓✓On request★ 4.3 (7)
CoinGate 🇱🇹✓✓✓✓On request★ 3.7 (1682)
BVNK 🇬🇧✓✓✓✓✓On request★ 4.1 (16)
Inqud 🇵🇱✓✓✓On request★ 4.5 (19)
Fipto 🇫🇷✓✓✓✓On request★ 3.9 (4)
WL Crypto Payments 🇫🇷✓✓On request–
Salamantex 🇦🇹✓✓On request–

Prices per user and month in the cheapest paid plan. Ratings are weighted across G2, Capterra, OMR and other portals, with the review count in brackets.

Kraken: the facts

What to know about the tool you are replacing, with sources.

Headquarters
🇺🇸 US · since 2011
Transfers to the US based on
Standard Contractual Clauses
Price
Free plan · from $4.99/mo
Rating
★ 4.1 (28 reviews)

What users value in Kraken

  • High liquidity across major trading pairs
  • Strong security measures including cold storage
  • Transparent Proof of Reserves

What they criticise

  • Complex fee structure for beginners
  • Limited customer support responsiveness
  • No default EU data residency

Sources: g2.com · capterra.com · kraken.com · researched 5 October 2026

Moving away from Kraken

Kraken exports your data as CSV, PDF and JSON, and its API can read everything out.

Frequently asked questions

Are there Kraken alternatives with EU data hosting?

Inqud, WL Crypto Payments, CryptoProcessing by CoinsPaid, BVNK and Fipto host data in the EU. CoinGate and Salamantex do not publish EU server locations.

Can I migrate my Kraken portfolio to a European exchange?

No evidenced migration paths from Kraken to the listed European tools exist. Check the import options of the tool you shortlist.

Do European Kraken alternatives require KYC?

KYC requirements are not published for the listed tools. Check the compliance policies of the provider you consider.

How do fees compare to Kraken?

Fee structures for the listed tools are not published. Kraken’s fees depend on trading volume and order type.

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