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Kraken Wallet vs ShapeShift

How Kraken Wallet vs ShapeShift compare on our ratings, wallet specs, funding, pros and cons.

Kraken Wallet4.1/5
VS
ShapeShift4.2/5
Feature
Kraken WalletVisit
ShapeShiftVisit
Ratings
Our score4.1/54.2/5
User ratingNo reviews yetNo reviews yet
Security4.54.0
Ease of use4.54.0
Chain support4.04.5
Features3.54.0
Privacy4.04.5
Specs
KYC required No No
Wallet typeMobile, WebMobile, Web
CustodySelf-custodialSelf-custodial
ChainsBitcoin, Ethereum, Solana, BNB Chain, Polygon, Base, Arbitrum, Optimism, OtherEthereum, Bitcoin, Solana, BNB Chain, Arbitrum, Base, Polygon, Avalanche, Tron, Cosmos, Other
PlatformsiOS, AndroidiOS, Android
Open source Yes Yes
Hardware wallet supportNot disclosed Yes
In-app swaps Yes Yes
StakingNot disclosed Yes
NFT support YesNot disclosed
Buy crypto in app Yes Yes
WalletConnectNot disclosed Yes
Security featuresPasskey support, Seed phrase backup, Watch-only wallets, Address bookNot disclosed
Recovery without a seed phrase YesNot disclosed
Passkey login YesNot disclosed
Swap fee0%0%
Perpetuals trading NoNot disclosed
Company
Founded20242014
HeadquartersUnited StatesSwitzerland
InvestorsSBI Group, Bitcoin Opportunity Fund, Hummingbird VenturesEarlybird Venture Capital, Access Venture Partners, Blockchain Capital, Lakestar +3
Strengths and weaknesses
Pros
  • No platform surcharge added to in-app token swaps
  • Supports Bitcoin, Solana, and major EVM Layer 2 chains
  • Passkey onboarding allows wallet setup without a seed phrase
  • Gas fees are sponsored on selected embedded EVM transactions
  • Zero platform commission fees charged on decentralized trades
  • No identity verification or KYC required to swap or store funds
  • Covers more than 10,000 assets across 48 native blockchains
  • Direct hardware wallet connectivity for Ledger and Tangem devices
Cons
  • Gas fee sponsorship is not guaranteed across all transactions
  • Users face smart contract risks when interacting with third-party DEX routers
  • Third-party routing protocols and automated market makers impose variable swap fees and spreads
  • Cross-chain execution risks depend entirely on third-party bridge and DEX contract security
  • Users bear total responsibility for managing unassisted seed-phrase recovery
  • Trustpilot average rating stood at 3.0 out of 5 in March 2026
Best forKraken exchange users moving to self-custody, Mobile multichain DeFi participants, Traders seeking markup-free token swapsKYC-free cross-chain asset swaps, Multichain DeFi asset management, Hardware wallet integration users

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