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• Average rating of 89% based on 12,740 reviews.
• Founded 12 years ago in 2011.
• Headquartered in the United States.
• 0.26% exchange (taker) fee.
Reviewed by Matt
27 April 2021 (Updated 28 September 2023)
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.
Read more ...
Pros
One of the biggest crypto exchanges in the world
Large selection of supported cryptocurrencies
Very competitive maker and taker fees
Available in almost all countries
Cons
A bit complex for beginners
Investments in liquidity pools can be higher risk
Liquidity pool investments are only suitable for advanced crypto users
Kraken Savings Accounts
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| Yield | Tokens | Term | Yield | Yield Trend | |||||||||
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23%
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Instant Access
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23%
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18%
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Instant Access
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18%
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16%
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16%
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12%
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Instant Access
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12%
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7.5%
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Instant Access
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7.5%
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7.5%
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Instant Access
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7.5%
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6.5%
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Instant Access
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6.5%
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5.5%
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Instant Access
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5.5%
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5%
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Instant Access
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5%
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4.75%
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Instant Access
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4.75%
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4.7%
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Instant Access
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4.7%
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0.25%
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Instant Access
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0.25%
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Kraken Reviews
Based on a total of 12,740 reviews across the web for Kraken we gave the platform an overall rating of 89%.
User Reviews
| Overall User Rating |
|
12,501 reviews 12,501 |
| iphone App |
|
11,900 reviews 11,900 |
| Cryptowisser |
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457 reviews 457 |
| Nomics |
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56 reviews 56 |
| Sitejabber |
|
48 reviews 48 |
| Android App |
|
22 reviews 22 |
| Show 5 more user reviews ... | ||
Expert Reviews
| Overall Expert Rating |
|
239 reviews 239 |
| Crypto Vantage |
|
|
| Nerdwallet |
|
|
| Bitcoin Trading |
|
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| Decrypt.co |
|
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| Buy Crypto.info |
|
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| Show 120 more expert reviews ... | ||
Leave a Review for Kraken
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Kraken YouTube Reviews
Kraken Promo Codes & Vouchers
Earn $10 USD for any friend that you refer to Kraken
Get $10 USD when you buy or sell $100 USD in crypto
More Deals ...
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 |
Free
|
| Fiat withdrawal fee |
Free
|
| Crypto deposit fee |
Free
|
| Crypto withdrawal fee |
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 |
| AED United Arab Emirates Dirham | United Arab Emirates Dirham |
| USDT Tether USDt | Tether USDt |
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 |
No
|
| Number of employees | 250 |
| Number of users | 4,000,000 |
| Total assets under management | $10,000,000,000USD more ...$0USD |
Products
| Savings accounts |
Yes
|
| Loans |
No
|
| Crypto to crypto exchange |
Yes
|
| Fiat to crypto exchange |
Yes
|
| Pro exchange marketplace |
Yes
|
| Peer to peer exchange |
No
|
| Margin trading |
Yes
|
| Corporate accounts |
Yes
|
| Instantly buy crypto with fiat |
Yes
|
| Integrated crypto wallet |
Yes
|
| Crypto withdrawals to private wallet |
Yes
|
| Fast account verification |
No
|
| Futures exchange |
Yes
|
Security
| Cold storage |
Yes
|
| Cold storage custodian | Self custody |
| Two factor authentication |
Yes
|
| Know your customer |
Yes
|
| Credit check |
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 |
Yes
|
| Email support |
Yes
|
| Phone support |
Yes
|
| Chat support |
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 |
Yes
|
Key People
Licenses & Certifications
QWhere is Kraken registered?
AKraken is incorporated in United States, and also have their headquarters in this country.
QIs Kraken trustworthy?
ALooking at reviews from across the web, Kraken has an average review score of 89% based on 12,740 reviews.
Useful Links
Kraken Contact Details
Blog Page 1
Blog Page 2
Blog Page 3
Blog Page 4
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Blog Page 2
Blog Page 3
Blog Page 4
Crypto Platform News - August 2023
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Crypto Platform News - July 2023
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Crypto Platform News - May 2023
April 2023 Market Review
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Platform Comparisons
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