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Check out our full list of pros and cons or read on.
7
Fiat currencies
50
Cryptocurrencies
| Product Name | Kraken Cryptocurrency Exchange |
|---|---|
| Fiat Currencies | USD, EUR, GBP, JPY, CAD, CHF, AUD |
| Cryptocurrencies | BTC, ETH, XRP, BCH, EOS, LTC, ADA, XLM, BAT, ETC & 35+ more |
| Deposit Methods |
Electronic Funds Transfer Wire transfer Osko PayID Ethana Custody |
| Trading Fee |
Maker: 0.00-0.16%
Taker: 0.10-0.26% |
| Deposit Fees | Fees vary |
| Withdrawal Fees | Fees vary |
Kraken’s comprehensive trading fee structure varies depending on trade volume, and what kind of trade it is. Fees vary for stablecoins, dark pool trades and margin trading, so it’s worth checking Kraken’s site for the latest break down.
The fees below are accurate as of August 24, 2020.
Trading fees
| 30-day volume (30-day USDT) | Maker fee | Taker fee |
|---|---|---|
| $0 – $50,000 | 0.16% | 0.26% |
| $50,001 – $100,000 | 0.14% | 0.24% |
| $100,001 – $250,000 | 0.12% | 0.22% |
| $250,001 – $500,000 | 0.10% | 0.20% |
| $500,001 – $1,000,000 | 0.08% | 0.18% |
| $1,000,001 – $2,500,000 | 0.06% | 0.16% |
| $2,500,001 – $5,000,000 | 0.04% | 0.14% |
| $5,000,001 – $10,000,000 | 0.02% | 0.12% |
| $10,000,000+ | 0.00% | 0.10% |
The maker fee is for people who place orders, while the taker fee is for people who pick up existing orders placed by others.
The volume discount is based on your trade volume over the last 30 days.
Stablecoin trading fees
| 30-day volume | Maker fee | Taker fee |
|---|---|---|
| $0 – $50,000 | 0.20% | 0.20% |
| $50,001 – $100,000 | 0.16% | 0.16% |
| $100,001 – $250,000 | 0.12% | 0.12% |
| $250,001 – $500,000 | 0.08% | 0.08% |
| $500,001 – $1,000,000 | 0.04% | 0.04% |
| $1,000,000+ | 0.00% | 0.00% |
Stablecoin trades do not count towards your volume discount.
Dark pool trading fees
| 30-day volume | Maker fee | Taker fee |
|---|---|---|
| $0 – $50,000 | 0.36% | 0.36% |
| $50,001 – $100,000 | 0.34% | 0.34% |
| $100,001 – $250,000 | 0.32% | 0.32% |
| $250,001 – $500,000 | 0.30% | 0.30% |
| $500,001 – $1,000,000 | 0.28% | 0.28% |
| $1,000,001 – $2,500,000 | 0.26% | 0.26% |
| $2,500,001 – $5,000,000 | 0.24% | 0.24% |
| $5,000,001 – $10,000,000 | 0.22% | 0.22% |
| $10,000,000+ | 0.20% | 0.20% |
Dark pool trades won’t show up on the order books.
The fees for doing this are set at the normal taker fee plus 0.1%. Volume-based discounts apply as normal.
Margin trading fees
Margin trading may result in the loss of your entire account balance. Cryptocurrency is volatile and rapid price drops can liquidate your account. If you want to margin trade, please ensure you fully understand the risks involved, take care to manage your exposure and consider setting profit targets and stop-loss limits to better manage the risks.
| Base currency | Quote currency | Opening fee | Rollover fee |
|---|---|---|---|
| XBT (Bitcoin) | EUR, USD | 0.01% | 0.01% per 4 hours |
| USDT (Tether) | EUR, USD | 0.01% | 0.01% per 4 hours |
| BCH (Bitcoin Cash) | EUR, USD, XBT | 0.02% | 0.02% per 4 hours |
| ETH (Ethereum) | EUR, USD, USDT, XBT | 0.02% | 0.02% per 4 hours |
| ETC (Ethereum Classic) | EUR, USD, ETH, XBT | 0.02% | 0.02% per 4 hours |
| REP (Augur) | EUR, ETH, XBT | 0.02% | 0.02% per 4 hours |
| XMR (Monero) | EUR, USD, XBT | 0.02% | 0.02% per 4 hours |
| XRP (Ripple) | EUR, USD, XBT | 0.02% | 0.02% per 4 hours |
The opening fee is the fee for opening a margin trading position. The rollover fee applies when maintaining an open position.
You can deposit cryptocurrencies with standard network fees, while the deposit options and fees will vary depending on whether you’re depositing USD, EUR, CAD, AUD, GBP, JPY or CHF, and whether you’re making a deposit or withdrawal.
Etana Custody and Silvergate Exchange Network are two different deposit options that Kraken offers. To use these deposit methods, you will first have to create an account with Etana Custody or Silvergate Bank.
Etana Custody is a funding and custody service that provides additional benefits, such as worldwide availability and instant transfer options, where needed, while Silvergate Bank is a platform which offers access to the Silvergate Exchange Network for fast international transfers.
Etana lets you deposit a wide range of currencies, while Silvergate Exchange Network is for USD only.
Instant or near-instant deposits are available through Etana Custody, CAD payment options or cryptocurrency deposits.
Most other options will take 1 to 5 business days.
Instant or near-instant withdrawals are available through Etana Custody, CAD payment options or cryptocurrency deposits.
Most other options will take 1 to 5 business days.
Kraken was founded in 2011 and launched in 2013. While individual users have had their accounts compromised over the years, typically after failing to enable two-factor authentication, Kraken is never known to have been the victim of a major heist, and two-factor authentication is now mandatory.
Regardless, Kraken CEO Jesse Powell advises people not to store cryptocurrency on Kraken, or any other cryptocurrency exchange.
It was the world’s first exchange to produce cryptographic proof of its reserves, and you can still verify that Kraken is fully backed as of its most recent audit. You can verify that your cryptocurrency was included in the latest audit once logged into your Kraken account.
You can now buy, sell and trade cryptocurrency on Kraken. To access the markets, go to the Prices section, then click through to the pair of your choice. Available options include market buy and sell, limit orders, margin trading and more.
Familiarize yourself with all options available to get the most out of the cryptocurrency exchange.
Kraken was founded in 2011, after the Mt. Gox incident. It was conceived with the specific intention of being the professional, secure and high-quality Bitcoin exchange the nascent industry desperately needed at the time.
It was launched in 2013 and has been one of the world’s most prominent cryptocurrency exchanges ever since.
