Kraken cryptocurrency exchange review

Trade a wide range of cryptocurrencies on this prominent, feature-filled exchange

Founded in 2011, Kraken is one of the oldest Bitcoin exchanges on the market. Over the years, its service offerings have expanded beyond just Bitcoin to include some of the world’s leading altcoins.

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Fiat currencies




Product Name Kraken Cryptocurrency Exchange
Fiat Currencies USD, EUR, CAD, AUD, GBP, CHF, JPY, AED
Cryptocurrencies BTC, ETH, XRP, BCH, EOS, LTC, ADA, XLM, ETC, LUNA & 212 more
Deposit Methods Bank transfer
Credit card
Debit card
Apple Pay
Google Pay
Trading Fee Maker: 0.00-0.16%
Taker: 0.10-0.26%
Deposit Fees Fees vary
Withdrawal Fees Fees vary
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Which fiat and cryptocurrencies are supported?

  • Supported fiat currencies: USD, EUR, CAD, AUD, GBP, CHF, JPY, AED
  • Supported cryptocurrencies: Approximately 221 cryptocurrencies

Which payment methods are accepted?

  • Bank transfer
  • Credit card
  • Cryptocurrency
  • Debit card
  • Apple Pay
  • Google Pay
Go to Kraken's website

Fees and limits

Platform trading fees

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 breakdown.

The fees below are accurate as of 24 August 2020.

Trading fees

30-day volume (30-day USDT)Maker feeTaker fee
$0 – $50,0000.16%0.26%
$50,001 – $100,0000.14%0.24%
$100,001 – $250,0000.12%0.22%
$250,001 – $500,0000.10%0.20%
$500,001 – $1,000,0000.08%0.18%
$1,000,001 – $2,500,0000.06%0.16%
$2,500,001 – $5,000,0000.04%0.14%
$5,000,001 – $10,000,0000.02%0.12%

Stablecoin trading fees

30-day volumeMaker feeTaker fee
$0 – $50,0000.20%0.20%
$50,001 – $100,0000.16%0.16%
$100,001 – $250,0000.12%0.12%
$250,001 – $500,0000.08%0.08%
$500,001 – $1,000,0000.04%0.04%

Dark pool trading fees

30-day volumeMaker feeTaker fee
$0 – $50,0000.36%0.36%
$50,001 – $100,0000.34%0.34%
$100,001 – $250,0000.32%0.32%
$250,001 – $500,0000.30%0.30%
$500,001 – $1,000,0000.28%0.28%
$1,000,001 – $2,500,0000.26%0.26%
$2,500,001 – $5,000,0000.24%0.24%
$5,000,001 – $10,000,0000.22%0.22%

Margin trading fees

  • Make sure you fully understand the risks before margin trading.

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 currencyQuote currencyOpening feeRollover fee
XBT (Bitcoin)EUR, USD0.01%0.01% per 4 hours
USDT (Tether)EUR, USD0.01%0.01% per 4 hours
BCH (Bitcoin Cash)EUR, USD, XBT0.02%0.02% per 4 hours
ETH (Ethereum)EUR, USD, USDT, XBT0.02%0.02% per 4 hours
ETC (Ethereum Classic)EUR, USD, ETH, XBT0.02%0.02% per 4 hours
REP (Augur)EUR, ETH, XBT0.02%0.02% per 4 hours
XMR (Monero)EUR, USD, XBT0.02%0.02% per 4 hours
XRP (Ripple)EUR, USD, XBT0.02%0.02% per 4 hours

Deposits and withdrawals

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 deposits

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 Silverate 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.

How fast will my funds be available?


Clock icon for transfer speed

Instant – 5 days

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.


Clock icon for transfer speed


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.

What’s it like to use Kraken?

Kraken mobile apps

Kraken offers three smartphone apps, each tailored to a different part of the exchange.

The Kraken mobile app is for quick buying and selling, while the Kraken Pro app is a feature-rich experience for traders, and finally, Kraken Futures is solely focused on futures contracts.

Kraken app

The Kraken app aims to make buying and selling cryptocurrency from your phone a quick and easy process. It offers in-app fiat deposits and withdrawals, buy and sell cryptocurrencies, a portfolio tracker and access to customer support. Kraken says that it’s so straight-forward that even people who have never purchased cryptocurrency before will be able to use it.

Kraken Pro app

The Kraken Pro app aims to bring the fully-fledged exchange experience to your smartphone. It features Kraken’s full range of markets, enhanced security, margin trading, advanced order types and live market data. As far as exchange apps go this is one of the most comprehensive out there, and users seem to agree with an average rating of 4.5/5 and 4.9/5 on the Play and App Store respectively.

Kraken Futures app

As the name suggests, the Kraken Futures app is purely focused on futures markets in a mobile format. Users are able to trade with up to 50x leverage on five different currencies pairs – just like the desktop exchange. Live market data and in-app customer support round out the experience.

Is Kraken safe to use?

  • Regulation. Kraken is based in Canada and has registered as a money services business in the United States under the name of its parent company Payward Inc.
  • Verification process. Kraken requires all users to provide information about themselves, but document verification is only required for fiat currency transfers or trading. No document verification is required for cryptocurrency transfers or trading.
  • Security features. Kraken follows industry best security practices such as keeping 95% of user funds in cold storage and encouraging two-factor authentication. It runs a bug bounty programme and says its servers are kept in secure cages, under armed guards and constant surveillance.

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 from your Kraken account.

How do I create an account at Kraken?

Go to Kraken's website

What else do I need to know about Kraken?

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.

In a nutshell


  • Wide fiat and crypto range: With USD, EUR, GBP, CAD and JPY pairs, plus a wide range of cryptocurrencies, Kraken is among the world’s most versatile exchanges.
  • Feature-filled: Kraken offers margin trading, futures, an OTC desk, dark pools and additional tools such as indices and its own Cryptowatch.
  • 24/7/365 customer service: Kraken offers customer service every hour of every day of the year, as well as account management services for advanced traders.
  • Since 2013: Kraken is one of the world’s largest exchanges by trading volume and many regard it as one of the most legitimate.


  • Varying fees: You need to be aware of the fees, because they can vary by trade type. Basic trading fees range from 0% to 0.26%, while dark pool, stablecoin trading or margin trading have different fee structures.

Compare Kraken against other exchanges

Name Product Deposit methods Fiat Currencies Cryptocurrencies Offer Disclaimer
Finder Award
Binance Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, Apple Pay, Google Pay


Get a 10% discount on fees when you sign up through Finder. T&Cs apply.
Bybit Cryptocurrency Exchange
Bybit Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, P2P


Disclaimer: Highly volatile investment product. Your capital is at risk.
Easy Crypto
Bank transfer, Credit card, Debit card, POLi, Account2Account



Frequently asked questions

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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