Yes, most books you buy from Kobo do have DRM, but a Kobo handles DRM-free files you may acquire elsewhere (e.g. an author or publisher's site) better than Kind

Yes, most books you buy from Kobo do have DRM, but a Kobo handles DRM-free files you may acquire elsewhere (e.g. an author or publisher's site) better than Kindles do. Kobos support epub natively, while Kindle requires some sort of conversion that doesn't always work great.