Kraken Cryptocurrency Exchange Go to site
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Kraken was the winner of multiple categories in the Finder Crypto Trading Platform Awards 2022, including Best Crypto Exchange – Overall, Best Crypto Exchange – Value and Best Crypto Exchange – Beginners.
Kraken is a veteran crypto exchange that provides crypto newbies and pros alike with ample resources.
For those new to the crypto space, Kraken has a “Learn” section in which it provides written, video and audio tutorials to help you along as you wet your feet in crypto waters.
For the more seasoned crypto investors, Kraken offers more advanced trading options like futures contracts and margin trading.
And given Kraken’s upstanding reputation, it has proven to be a good centralized option for staking your crypto to earn a yield on it.
While some may not find Kraken's minimum withdrawal amounts for fiat and crypto convenient, just about every other dimension of the exchange is user-friendly and engineered to support you.
Finder Rating
★★★★★Kraken is a centralized, US-based cryptocurrency exchange. Kraken makes it easy for both new or experienced crypto traders to buy or sell a variety of well-known tokens, including Bitcoin, Ethereum, Solana and many others. For experienced traders who are confident in their market predictions, Kraken also allows trading in futures or on margins. The company offers a variety of detailed guides that help traders further understand the intricacies of spot or leveraged trading, and as little as $10 can be enough to get started. Originally launched in 2013 in San Francisco, Kraken was one of the earliest platforms in the industry. It has maintained its legacy status by educating users and constantly improving security, usability, and adding cryptocurrencies.
Kraken supports over 182 cryptocurrencies, but some notable assets are missing. Namely, Binance USD, BNB and LEO Token, which are in the top 20 cryptos by market cap. In total, 16 of the top 20 cryptos are available on Kraken.
Popular assets on KrakenMany fiat deposit methods are free, though the max fee otherwise is US$10. Fiat withdrawals all incur fees apart from ACH. Crypto deposits are free apart from network fees, while crypto withdrawal fees vary by asset. There are minimum withdrawals for both fiat and crypto.
Kraken charges a 1.5% trading fee for using a stablecoin to buy a cryptocurrency, such as if you use USDT to purchase Bitcoin. It charges 0.9% for using fiat or a stable coin to purchase a different stable coin. Fees are charged on a per-trade basis. This is through the instant buy option.
Kraken Pro offers trading discounts on maker and taker fees that decrease as 30-day trading volume increases, starting at 0.16% for maker fees and 0.26% for taker fees. They can go as low as zero for makers and 0.10% if enough capital is traded during the 30-day period.
Deposit methodsTransaction type | Fee |
---|---|
Deposit funds | Fees vary |
Withdraw funds | Fees vary |
Type | Fee |
---|---|
Maker | 0.00-0.16% |
Taker | 0.10-0.26% |
Maker fee explained. A maker fee is the fee charged when you propose an order for other traders to take. In other words, this fee is charged when you place a limit order to sell an asset, but that order is not filled immediately.
Taker fee explained. A taker fee is a fee charged when a buy order is matched immediately with a sell order on the books. This is the fee charged when you place a market buy order.
Kraken’s mobile app is informative and can track daily volume, market cap and 15-minute price changes. The app can be used as a complement to the website, allowing trading on the go, and it can even be a suitable choice for traders who only use a phone or tablet.
It’s available for iOS and Android and aims to offer a complete mobile trading experience on both the Kraken spot and futures markets.
Kraken has so far been safe from hacks for a decade and is backed by a $100 million fund in case the exchange is compromised.
Kraken supports over 182 cryptocurrencies, but some notable assets are missing. Namely, Binance USD, BNB and LEO Token, which are in the top 20 cryptos by market cap. In total, 16 of the top 20 cryptos are available on Kraken.
Popular assets on KrakenKraken offers multilingual customer service available 24/7 every day of the year, including major holidays. Kraken support is very accessible and can be reached in a variety of mediums depending on the urgency or the difficulty of the issue.
Phone support is available from 6am to 6pm EST, and chat support is available 24/7. However, among the positive feedback, there are also many user reviews where people complain of Kraken customer service being readily available but unable to address their issue.
Kraken has a unique and personal customer support system that is helpful to people who trade often or have questions about the platform. Kraken has excellent phone and chat support, and frequent traders are assigned a personal account representative who will receive questions and requests.
Google Play ratings and downloads | 18.8K ratings, 4.3 stars, 1M+ downloads |
Apple Store ratings and downloads | 2K ratings, 4.7 stars |
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Is it true that EPC, the European Property Coin, will be launched at Kraken on 23rd November? What is the registration fee for my holding of EPC?
Hi John,
Thank you for your comment.
Upon checking, there has been no official statement as to having EPC in Kraken. You may continue to check back on updates.
Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.
Regards,
Jhezelyn
I have been waiting to deposit money to start trading but it will not allow me to do so until I have been verified. I have been waiting for almost a month so please let me get in so I can start trading, I see the coin going up to all time highs and lows and want to be apart of it. How long will it take to be verified? Please.
Sincerely,
Troubled man.
Hello,
Good day! Appreciate you contacting finder for your inquiry today.
Please note that you have reached finder and we do not represent Kraken. An email was sent separately about an article from the Kraken website which you can refer to on how long it takes for an account to get verified. You may find it useful in regards to your situation.
It seems that they have no phone support at the moment which you can call to directly follow up on the status of your account verification. As adviced on the support page sent to you, closely monitor the email associated on the account setup as Kraken will communicate with you through it for any additional details they may need for verification.
Hope this helps!
All the best,
Ron
I signed up this AM, but am unsure if I fully completed my sign on.
I then tried to sign on again with another ID, but you sent me a message that I was already signed on. Please tell me if there is anything else I need to do .
Hi Paul,
Thanks for leaving a question on finder. Please note that we are a comparison website and we do not represent any of the providers on our page. I have sent the contact details for Kraken to your email so you can directly follow up with them. If you need anything else, please send me a message.
Cheers,
Joel