Kraken Cryptocurrency Exchange
Finder rating
Supported cryptos
FCA-registered
Kraken is one of the longest-running platforms in the industry and has maintained its legacy by constantly improving its services. It is the 2023 Finder Award winner for Best Exchange Overall thanks to its broad range of features and quality service.
You can start building a cryptocurrency portfolio today from 200+ supported coins. Kraken is popular with over 9 million users and exceeds a daily trading volume of just over US$650 million, which makes it one of the world's largest exchanges. But for overall features and trading tools, Kraken blows everyone out of the water. It is clearly made for traders but it doesn't leave novices behind either.
Kraken has a broad range of advanced trading features. It prides itself on offering low spreads and providing deep liquidity across markets so you don't need to worry as much about slippage. This helped Kraken secure another Finder Award for Advanced Trading.
While new traders may feel daunted by the exchange at first, the large variety of guides can help anyone become knowledgeable about cryptocurrency, its underlying technology and the different forms of trading. Meanwhile, more experienced traders will appreciate Kraken's high-quality system and easy-to-use user interface (UI). They will be pleasantly surprised by how straightforward it is to trade, move crypto and manage assets.
- 200+ supported coins
- Launched in 2013, one of the longest-running crypto exchanges
- Low fees for active traders
- Earn yield through staking
- High-quality educational guides and tools
- Registered as a crypto asset firm with the UK FCA as Payward Ltd
- Some trading features unavailable to UK users
- High fees for credit and debit card purchases
- No crypto debit card available for spending, unlike some alternatives
Fees and deposit methods | Bank transfer,Credit card,Cryptocurrency,Debit card,Apple Pay,Google Pay,SWIFT |
---|---|
Deposit fees | Cash: £0–£21 depending on method of deposit Cryptocurrency: Mostly free but requires a minimum balance to deposit |
Withdrawal fees | Cash: £1.95 - £35 depending on method of withdrawal (min. withdrawal £5) Cryptocurrency: Minimum withdrawal requirement and flat-rate withdrawal fee that varies for each cryptocurrency |
Trading fees | 1.5% plus spread |
Advanced Trading Features | Yes |