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Home Platforms Kraken
Kraken reviews

Average rating of 89% based on 12,755 reviews.

Founded 13 years ago in 2011.

Headquartered in the United States.

0.26% exchange (taker) fee.

Matt logo
Reviewed by Matt
27 April 2021 (Updated 24 July 2024)

Kraken Crypto Platform

Kraken is a cryptocurrency exchange platform founded in 2011 by Jesse Powell. It is one of the oldest and most respected cryptocurrency exchanges in the world, serving millions of users in over 190 countries.

Kraken offers a wide range of cryptocurrencies for users to trade, including Bitcoin, Ethereum, Litecoin, and many others. The platform also offers a range of trading tools and resources, including real-time market data, price charts, and technical analysis indicators, to help users make informed trading decisions.

One of the main features of Kraken is its advanced trading interface, which is designed to cater to both beginners and experienced traders. The platform offers a range of order types, including limit, stop-loss, and trailing stop, to give users greater control over their trades. Additionally, Kraken offers margin trading, which allows users to borrow funds to increase their trading power.

Kraken is also known for its strong commitment to security. The platform uses various security measures, including two-factor authentication, SSL encryption, and cold storage of user funds, to protect user accounts and funds. Additionally, Kraken has set up a Security Reserve Fund to protect users in the event of a security breach or hack.

Kraken is available in both mobile and desktop versions, making it convenient for users to trade on the go. The platform also offers a Kraken Pro mobile app, which offers additional features and advanced trading options.

Another unique feature of Kraken is its OTC (over-the-counter) trading desk, which allows users to execute large trades without affecting the market price. This has made Kraken a popular platform for institutional investors and high-net-worth individuals looking to execute large trades.

However, like any cryptocurrency exchange, there are certain risks associated with using Kraken. The value of cryptocurrencies is highly volatile, and users should be prepared for significant fluctuations in prices. Additionally, the platform charges fees for trading, which can add up over time, and users may be subject to tax implications for their trades.

In summary, Kraken is a respected and advanced cryptocurrency exchange that offers a wide range of cryptocurrencies for users to trade. With its advanced trading interface, margin trading, and OTC trading desk, Kraken has become a popular platform for both beginners and experienced traders.

Pros

tick One of the biggest crypto exchanges in the world
tick Large selection of supported cryptocurrencies
tick Very competitive maker and taker fees
tick Available in almost all countries

Cons

cross A bit complex for beginners
cross Investments in liquidity pools can be higher risk
cross Liquidity pool investments are only suitable for advanced crypto users

Kraken Savings Accounts

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  Yield Tokens Term Yield Yield Trend
23%
KAVA 23% APR
Instant Access
23%
KAVA 23% APR
18%
KSM 18% APR
Instant Access
18%
KSM 18% APR
16%
MINA 16% APR
Instant Access
16%
MINA 16% APR
12%
DOT 12% APR
Instant Access
12%
DOT 12% APR
7.5%
ATOM 7.5% APR
Instant Access
7.5%
ATOM 7.5% APR
7.5%
FLOW 7.5% APR
Instant Access
7.5%
FLOW 7.5% APR
6.5%
SOL 6.5% APR
Instant Access
6.5%
SOL 6.5% APR
5.5%
ETH 5.5% APR
Instant Access
5.5%
ETH 5.5% APR
5%
ADA 5% APR
Instant Access
5%
ADA 5% APR
4.75%
ALGO 4.75% APR
Instant Access
4.75%
ALGO 4.75% APR
4.7%
XTZ 4.7% APR
Instant Access
4.7%
XTZ 4.7% APR
0.25%
BTC 0.25% APR
Instant Access
0.25%
BTC 0.25% APR
No matching yield products found

Kraken Reviews

Based on a total of 12,755 reviews across the web for Kraken we gave the platform an overall rating of 89%.

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Kraken YouTube Reviews

Kraken Promo Codes & Vouchers

Earn $10 USD

Earn $10 USD for any friend that you refer to Kraken

Free $10 USD

Get $10 USD when you buy or sell $100 USD in crypto

Kraken Fees

Fees
Exchange maker fee 0.16%
Exchange taker fee 0.26%
Exchange fees Maker and taker fees vary by 30 day trade volume and go as low as 0% maker fee and 0.1% taker fee for traders exchanging more than $10,000,000 per month
Fiat deposit fee tick Free
Fiat withdrawal fee tick Free
Crypto deposit fee tick Free
Crypto withdrawal fee tick Free
Limits
Crypto wallet withdrawal limit Starter accounts: $5,000 per day. Intermediate accounts: $500,000 per day. Pro accounts: $10,000,000 per day
Fiat wallet withdrawal limit Express accounts: $9,000 per day. Intermediate accounts: $100,000 per day. Pro accounts: $10,000,000 per day.
Number of free crypto withdrawals per month Unlimited

Kraken Supported Currencies

Kraken supports over 200 currencies including Pounds Sterling, US Dollars, Euros and Canadian Dollars.

GBP Pounds Sterling Pounds Sterling
USD US Dollars US Dollars
EUR Euros Euros
CAD Canadian Dollars Canadian Dollars
AUD Australian Dollars Australian Dollars
CHF Swiss Franc Swiss Franc
JPY Japanese Yen Japanese Yen
MNT Mongolian Tögrög Mongolian Tögrög
Show more currencies

Countries That Can Use Kraken

Kraken's services are available in the following countries:

Afghanistan
Albania
Algeria
Andorra
Angola
Anguilla
Antarctica
Antigua and Barbuda
Argentina
Armenia
Aruba
Australia
Austria
Azerbaijan
Bahamas
Bahrain
Bangladesh
Barbados
Belarus
Belgium
Belize
Benin
Bermuda
Bhutan
Bolivia
Bonaire
Bosnia and Herzegovina
Botswana
Bouvet Island
Brazil
British Indian Ocean Territory
Brunei Darussalam
Bulgaria
Burkina Faso
Burundi
Cambodia
Cameroon
Canada
Cape Verde
Cayman Islands
Central African Republic
Chad
Chile
China
Christmas Island
Cocos (Keeling) Islands
Colombia
Comoros
Congo
Congo, the Democratic Republic
Cook Islands
Costa Rica
Croatia
Curaçao
Cyprus
Czech Republic
Côte d'Ivoire
Denmark
Djibouti
Dominica
Ecuador
Egypt
El Salvador
Equatorial Guinea
Eritrea
Estonia
Ethiopia
Falkland Islands
Faroe Islands
Fiji
Finland
France
French Guiana
French Polynesia
French Southern Territories
Gabon
Gambia
Georgia
Germany
Ghana
Gibraltar
Greece
Greenland
Grenada
Guadeloupe
Guatemala
Guernsey
Guinea
Guinea-Bissau
Guyana
Haiti
Heard and Mcdonald Islands
Holy see (Vatican City State)
Honduras
Hong Kong
Hungary
Iceland
India
Indonesia
Iraq
Ireland
Isle of Man
Israel
Italy
Jamaica
Jersey
Jordan
Kazakhstan
Kenya
Kiribati
Kuwait
Kyrgyzstan
Lao
Latvia
Lebanon
Lesotho
Liberia
Libya
Liechtenstein
Luxembourg
Macao
Macedonia
Madagascar
Malawi
Malaysia
Maldives
Mali
Malta
Marshall Islands
Martinique
Mauritania
Mauritius
Mayotte
Mexico
Micronesia
Moldova
Monaco
Mongolia
Montenegro
Montserrat
Morocco
Mozambique
Namibia
Nauru
Nepal
Netherlands
New Caledonia
New Zealand
Nicaragua
Niger
Nigeria
Niue
Norfolk Island
Norway
Oman
Pakistan
Palau
Palestinian Territory
Panama
Papua New Guinea
Paraguay
Peru
Philippines
Pitcairn
Poland
Portugal
Qatar
Romania
Russia
Rwanda
Réunion
Saint Barthélemy
Saint Helena
Saint Kitts and Nevis
Saint Lucia
Saint Martin
Saint Pierre and Miquelon
Saint Vincent and Grenadines
Samoa
San Marino
Sao Tome and Principe
Saudi Arabia
Senegal
Serbia
Seychelles
Sierra Leone
Singapore
Sint Maarten
Slovakia
Slovenia
Solomon Islands
Somalia
South Africa
South Georgia
South Sudan
Spain
Sri Lanka
Sudan
Suriname
Svalbard and Jan Mayen
Swaziland
Sweden
Switzerland
Taiwan
Tajikistan
Tanzania
Thailand
Timor-leste
Togo
Tokelau
Tonga
Trinidad and Tobago
Tunisia
Turkey
Turkmenistan
Turks and Caicos Islands
Tuvalu
Uganda
Ukraine
United Arab Emirates
United Kingdom
United States
Uruguay
US Minor Outlying Islands
Uzbekistan
Vanuatu
Venezuela
Vietnam
Virgin Islands, British
Virgin Islands, US
Wallis and Futuna
Western Sahara
Yemen
Zambia
Zimbabwe
Åland Islands

Kraken Languages

Kraken's supports the following languages: English, French, Japanese, Turkish, Vietnamese, Portuguese-Portuguese, Spanish, Simplified Chinese, Russian, Italian and Filipino.

Kraken Key Data

Company
Legal name Payward Inc
Year founded 2011
Country incorporated in United States
Headquarters country United States
Decentralised cross No
Number of employees 250
Number of users 4,000,000
Total assets under management $10,000,000,000USD more ...$0USD
Products
Savings accounts tick Yes
Loans cross No
Crypto to crypto exchange tick Yes
Fiat to crypto exchange tick Yes
Pro exchange marketplace tick Yes
Peer to peer exchange cross No
Margin trading tick Yes
Corporate accounts tick Yes
Instantly buy crypto with fiat tick Yes
Integrated crypto wallet tick Yes
Crypto withdrawals to private wallet tick Yes
Fast account verification cross No
Futures exchange tick Yes
Security
Cold storage tick Yes
Cold storage custodian Self custody
Two factor authentication tick Yes
Know your customer tick Yes
Credit check cross No
Regulators Regulated by FinCEN in the USA, FINTRAC in Canada, FCA in the UK, the Australian Transaction Reports more ... and Analysis Centre in Australia and the FSA in Japan
Support
24/7 support tick Yes
Email support tick Yes
Phone support tick Yes
Chat support tick Yes
Fees
Maker fee 0.16% more ...0%
Taker fee 0.26% more ...0%
Exchange fees Maker and taker fees vary by 30 day trade volume and go as low as 0% maker fee and 0.1% taker fee for more ... traders exchanging more than $10,000,000 per month
Fiat deposit fee Free
Fiat withdrawal fee Free
Crypto deposit fee Free
Crypto withdrawal fee Free
Crypto wallet withdrawal limit Starter accounts: $5,000 per day. Intermediate accounts: $500,000 per day. Pro accounts: $10,000,000 more ... per day
Fiat wallet withdrawal limit Express accounts: $9,000 per day. Intermediate accounts: $100,000 per day. Pro accounts: $10,000,000 more ... per day.
Investment Strategy
Independent proof of reserves tick Yes
Key People
Jesse Powell
Co-Founder & CEO
Kaiser Ng
CFO
Steve Hunt
VP of Engineering
David Ripley
COO
Marco Santori
Chief Legal Officer
Jeremy Welch
Chief Product Officer
Licenses & Certifications

AKraken is incorporated in United States, and also have their headquarters in this country.
ALooking at reviews from across the web, Kraken has an average review score of 89% based on 12,755 reviews.

Useful Links

Kraken Contact Details

https://www.kraken.com/
+1 888 871 2573
+44 808 501 5031
+353 1 223 8162
Payward Ltd - 6th Floor, One London Wall, London, EC2Y 5EB
Payward Ventures Inc - 237 Kearny Street Suite 102 San Francisco, CA 94108
Crypto Facilities Ltd - 6th Floor, One London Wall, London, EC2Y 5EB
Bit Trade Pty Ltd - PO Box 21122, World Square, Sydney, NSW, 2002
Payward Canada Inc - 1100-1959 Upper Water Street, Halifax, NS, B3J 3N2
Payward Asia K.K. - Nibancho 9-3, Chiyoda-ku, Tokyo 102-0084
Payward Trading Ltd - c/o SHRM Trustees (BVI) Limited, Trinity Chambers, P.O. Box 4301, Road Town, Tortola, VG1110

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