Mobile and Desktop Trading
BitMEX offers a detailed user interface oriented towards professional traders, with an abundance of tools, charts, and indicators for in-depth analysis. Its desktop platform is known for its capacity to handle large trading volumes. BitMEX's mobile app, available on Android and iOS, replicates the desktop experience, though its complexity might be challenging for beginners. The app ratings are slightly lower on iOS and Android compared to Kraken. Kraken provides a more user-friendly experience, both on its desktop platform and mobile app. The app is well-received on both Android (4.2-star rating from 21,000 users) and iOS (4.7-star rating from 3500 users). Kraken Pro offers additional features for experienced traders, with equally high user ratings.
BitMEX’s exchange is confusing, but that’s because it is aimed at experienced traders who understand perpetual and futures contracts trading. BitMEX has a more outdated interface than Kucoin, making it seem clunky and old. However, the lighter colour scheme makes it easier to see the different menus and tabs.
There is a tab for each cryptocurrency market available, which makes it somewhat easy to navigate, view charts and order books.
To start trading contracts, you will need to sign up but you only need to provide an email address to do so. Once you have deposited your Bitcoin or USDT, you can use that to trade for the other cryptocurrencies available.
Leverage is one of the main features of BitMEX and the platform offers a handy leverage slider that can be adjusted to your risk when you trade.
BitMEX is only available as a desktop platform.
Bitmex desktop app
Kraken's app is well-designed and offers tools for both beginners as well as advanced tools for more experienced traders.
Kraken has an “Instant Buy” option, where users can purchase crypto in seconds with their card or from funds in their fiat wallet. Instant Buy, while convenient, incurs high fees. There is a standard purchase fee plus an additional fee depending on the method of payment. Still, the Instant Buy option is suitable for beginners and is easy to navigate.
Kraken Pro has more reasonable fees based on the maker/taker method. However, the interface could be confusing for beginners. It shows advanced charting and offers more trading tools and order types.
Kraken’s mobile app has a 4.5-star rating from 3000+ reviews on the Apple App Store and a 2.2-star rating from over 13,000 reviews on Google Play. A lot of users say the app has trouble loading, certain funding or purchase options are unavailable and it is generally not user-friendly.
Kraken desktop interface
Kraken Pro Trading view
Kraken app interface
Kraken app interface while trading