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Kraken cryptocurrency exchange review

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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.


Fiat currencies




Product Name Kraken Cryptocurrency Exchange
Fiat Currencies USD, EUR, GBP, JPY, CAD, CHF, AUD
Cryptocurrencies BTC, ETH, XRP, BCH, EOS, LTC, ADA, XLM, DASH, USDT & 30+ more
Deposit Methods Electronic Funds Transfer
Wire transfer
Ethana Custody
Trading Fee Maker: 0.00-0.16%
Taker: 0.10-0.26%
Deposit Fees Fees vary
Withdrawal Fees Fees vary


  • Wide fiat and crypto range.
  • Feature-filled.
  • 24/7/365 customer service.
  • Since 2013.


  • Varying fees.
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.

Learn more about:

Which fiat and cryptocurrencies are supported?

  • Supported fiat currencies: USD, EUR, GBP, JPY, CAD, CHF, AUD
  • Supported cryptocurrencies: Approximately 47 cryptocurrencies

Which payment methods are accepted?

  • Electronic Funds Transfer
  • Wire transfer
  • Osko
  • PayID
  • Ethana Custody
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 7 August 2019.

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)USD0.01%0.01% per 4 hours
BCH (Bitcoin Cash)EUR, USD, XBT0.02%0.02% per 4 hours
ETH (Ethereum)EUR, USD, 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, GBP or JPY, and whether you’re making a deposit or withdrawal.


What’s Etana Custody?

Etana Custody is a funding and custody service that provides additional benefits, such as worldwide availability and instant transfer options, where needed.

To use it, you will need to have a Kraken account, and then you will need to create an Etana Custody account, link it to your Kraken account and register your bank account with your Etana Custody account.

You can then send deposits to Kraken by initiating transfers from the Etana Custody platform.

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?

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
Bank transfer,POLi


Based in New Zealand, Easy Crypto enables users to simply pay in NZD through POLi or bank transfer to access a range of cryptocurrencies.
Bank transfer (ACH),Bank transfer (SEPA),SWIFT,Xfers,Credit or Debit Card


Buy 55+ cryptocurrencies at true cost, earn up to 8% p.a. on holdings, pay with your crypto for cashback at stores, get loans and more with this complete crypto-finance platform.
Bank transfer,Cryptocurrency,POLi


Based in New Zealand, BitPrime trades around 90+ of the world’s top cryptocurrencies, including bitcoin, Ethereum, Ethereum Classic, Litecoin and Ripple.

Compare up to 4 providers

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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