Kraken review: Kraken is a popular cryptocurrency exchange founded in 2011 by Jesse Powell. It is one of the oldest and most respected cryptocurrency exchanges in the world and has gained a reputation for its security, reliability and advanced trading features. Kraken is based in San Francisco, California, but has a global presence with customers in more than 190 countries.
One of the key features of Kraken is its emphasis on security. The exchange has never been hacked, and it uses a range of advanced security measures to protect its customers' funds and data. These measures include two-factor authentication, encrypted email, and cold storage of the majority of its funds, which means they are kept offline and away from potential hackers.
Kraken offers a wide range of cryptocurrencies for trading, including Bitcoin, Ethereum, Litecoin, and many others. It also offers advanced trading features such as margin trading, futures trading, and options trading, which allow traders to take advantage of market fluctuations and potentially earn greater profits. In addition to its trading features, Kraken also provides a range of educational resources to help users learn more about cryptocurrency and trading. This includes a blog with in-depth analysis and commentary on the cryptocurrency market, as well as a knowledge base with articles and guides on a range of topics.
| 📅 Year of Establishment | 2011 |
| 💱 Coins: | 220+ |
| 💰 Min deposit | Depending on the trading pair and currency of the deposit, for example, for a deposit in Bitcoin, the minimum amount is 0.0001 BTC. |
| ⚖️ Leverage | 1:5 |
| 💹 Trading fees | From 0% to 0.26%, depending on the trading pair and volume. Kraken also offers fee discounts for high-volume traders. |
| 💳 P2P platform | ❌ |
| 📱 Mobile apps | iOS, Android |
| 🗺️ Headquarters | Kraken is based in San Francisco, California, USA. They also have offices in various other locations, including Canada and Japan. |
Overall Kraken Review
Overall, Kraken is a well-respected and trusted cryptocurrency exchange that offers a range of advanced trading features and a commitment to security and regulatory compliance. It is a popular choice for both new and experienced cryptocurrency traders, and is likely to remain a major player in the industry for years to come.
Go to Kraken.com website
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Geographic Distribution
Geography of clients (traders) of Kraken
Top Reviews
Best customer reviews of Kraken
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I've been using Kraken Exchange for several years now, and I can confidently say that it's one of the best cryptocurrency exchanges out there. The first thing that stands out is their top-notch security measures. I feel safe storing my crypto assets on Kraken, knowing that they use two-factor authentication and cold storage to protect my funds from any potential hacks.
Canada
I have found Kraken to be quite slow at times. The platform can be slow, especially during periods of high trading volume. This can make it difficult to place trades quickly and even lead to missed opportunities. I have also had some issues with deposits and withdrawals taking longer than expected, which can be inconvenient when I need to transfer funds quickly.
Germany
Finally, I really appreciate the mobile app that Kraken offers. It's incredibly convenient to be able to trade on the go and keep track of my portfolio from my phone. The app is easy to use and has all the same features as the desktop version.
UK
Expert Review
Expert Review of Kraken
One of Kraken's outstanding features is its advanced security measures, including two-factor authentication and cold storage of funds. In addition, Kraken has been licensed by several regulatory agencies, including the Financial Crimes Enforcement Network and the Financial Conduct Authority, demonstrating its commitment to operating within the law and protecting its customers. Kraken also offers a variety of trading features, including margin trading, futures trading and options trading, which allow traders to take advantage of market fluctuations and potentially make large profits. The platform is designed with more experienced traders in mind, but there are still plenty of resources available for beginners to learn and start trading.
Financial expert and analyst at TradersHero.com
It is important to understand that trading on Coinbase or any other cryptocurrency exchange involves inherent risks. Cryptocurrencies are notoriously unstable and can experience significant price fluctuations in a short period of time, potentially leading to significant financial losses.
Kraken Ern
Investment Programs
Kraken offers several investment programs that allow users to earn passive income on their cryptocurrency holdings. These programs include:
These investment programs provide users with several options for earning passive income on their cryptocurrency holdings. Users should carefully consider the risks and rewards of each program before making any investment decisions.
Staking is a process where users lock their cryptocurrency on a blockchain network for a period of time to validate new transactions and earn rewards. By holding a certain amount of cryptocurrency in a wallet, users can contribute to the network's security and stability, and earn rewards in the same cryptocurrency.
It's important to note that staking involves a degree of risk and should be approached with caution. Staking rewards can vary depending on the cryptocurrency and network conditions, and there is always a risk of losing the staked cryptocurrency. Make sure to thoroughly research and understand the risks involved before participating in staking on Kraken or any other platform.
Users should thoroughly research and understand the risks involved in any trading or investment activity on Kraken or any other cryptocurrency exchange before making any investments.
Best Copy Trading Platforms
Conditions
Trading Conditions for Kraken Users
Kraken offers a range of trading conditions for traders, including access to a diverse range of cryptocurrencies. The exchange supports a wide variety of cryptocurrencies for trading, including Bitcoin, Ethereum, Litecoin, Ripple, and many others. This broad range of cryptocurrencies provides traders with greater options and flexibility in terms of the trades they can make.
Kraken's trading fees can vary based on the currency pair being traded and the volume of the trade. However, in general, Kraken's fees are competitive with other cryptocurrency exchanges. Additionally, Kraken's fee structure rewards makers (users who provide liquidity to the market) with lower fees than takers (users who take liquidity from the market).
Kraken also offers advanced trading features, such as margin trading, futures trading, and options trading. These features allow traders to take advantage of market fluctuations and potentially earn greater profits. The exchange's user-friendly trading platform provides traders with real-time market data, order books, and trading charts. The platform is customizable and can be tailored to the needs of individual traders.
| 📅 Year of Establishment | 2011 |
| 💱 Coins: | 220+ |
| 💰 Min deposit | Depending on the trading pair and currency of the deposit, for example, for a deposit in Bitcoin, the minimum amount is 0.0001 BTC. |
| ⚖️ Leverage | 1:5 |
| 💹 Trading fees | From 0% to 0.26%, depending on the trading pair and volume. Kraken also offers fee discounts for high-volume traders. |
| 💳 P2P platform | ❌ |
| 🔁 Copy Trading | ❌ |
| 📈 Directives | USDT perpetual, futures, options, leveraged tokens |
| 📊 DeFi Staking | ✅ |
| 🖼️ NFT | ✅ |
| 🏦 Crypto Loans | ✅ |
| 🔓 Demo account | ✅ |
| 🚀 Launchpad | ❌ |
| 📱 Mobile apps | iOS, Android |
| 📞 Customer Service | 24/7 Live Chat, Email, and Phone Support |
| 👩💼 Support | Multilingual |
| 🗺️ Headquarters | Kraken is based in San Francisco, California, USA. They also have offices in various other locations, including Canada and Japan. |
Risk Warning
Comparison
Comparison of Kraken.com with other Crypto Exchanges
Crypto Exchanges comparison table of trading instruments
Commissions
Kraken Accounts, Commissions & Fees
Kraken offers several types of accounts, each with its own set of features and requirements. Here are the main account types offered by Kraken:
- Starter account: This is the basic account type and requires only an email address to sign up. With a starter account, users can deposit, withdraw, and trade cryptocurrencies.
- Intermediate account: This account type requires users to provide more information, including a name, address, and date of birth. With an intermediate account, users can access higher funding and withdrawal limits.
- Pro account: The pro account is designed for professional traders and requires additional documentation to verify the user's identity. With a pro account, users can access even higher funding and withdrawal limits and advanced trading features such as margin trading and futures trading.
Kraken's fees can vary depending on the account type and the currency pair being traded. In general, Kraken's fees are competitive with other cryptocurrency exchanges, and the exchange uses a maker-taker fee structure where makers (users who provide liquidity to the market) are charged lower fees than takers (users who take liquidity from the market).
Kraken also offers additional services that come with their own fees, such as staking and margin trading. These fees can vary depending on the specific service and the currency being traded. It's important to note that trading cryptocurrencies involves inherent risks and fees, so it's important to thoroughly research and understand the risks and costs involved before participating in any trading activities on Kraken or any other cryptocurrency exchange.
| Account type | Minimum deposit | Leverage | Transaction fee | Margin call / Stop out |
|---|---|---|---|---|
| Starter | Not required | N/A | Varies depending on the trading pair | Not applicable |
| Intermediate | Depends on the trading pair | N/A | Varies depending on the trading pair | Not applicable |
| Pro | Depends on the trading pair | Up to 5x | Varies depending on the trading pair | Depends on the level of margin risk and selected leverage |
Kraken PRO Program Fees
Spot Trading
| Trading volume for 30 days (USD) | 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% |
Futures Trading
| Trading volume for 30 days (USD) | Maker Fee | Taker Fee |
|---|---|---|
| $0 – $100,000 | 0.0200% | 0.0500% |
| $100,001 – $1,000,000 | 0.0150% | 0.0400% |
| $1,000,001 – $5,000,000 | 0.0125% | 0.0300% |
| $5,000,001 – $10,000,000 | 0.0100% | 0.0250% |
| $10,000,001 – $20,000,000 | 0.0075% | 0.0200% |
| $20,000,001 – $50,000,000 | 0.0050% | 0.0150% |
| $50,000,001 – $100,000,000 | 0.0025% | 0.0125% |
| $100,000,001 + | 0.0000% | 0.0100% |
It is important to note that on Kraken, some account types may have other parameters not listed in the table, such as the availability of certain instruments and the functionality of trading platforms. Also, parameters may vary depending on a user's geographic location. Users should check the official Kraken website for up-to-date information about account terms and conditions to obtain more detailed and accurate information about trading conditions, commissions and other parameters that may affect their trading on the exchange.
Risk Warning
Final review
Detailed review of Kraken Review
Kraken's advanced security measures and regulatory compliance are significant factors that have helped establish the exchange's reputation as a secure and reliable platform for buying, selling, and trading cryptocurrencies. The exchange's commitment to protecting its users and operating within the law is a reassuring sign for traders looking to participate in the cryptocurrency market with confidence.
Exchange offers a wide range of cryptocurrencies to trade, including Bitcoin, Ethereum, Litecoin and many others. It also provides advanced trading options such as margin trading, futures trading and options trading, which can help experienced traders take advantage of market fluctuations and potentially make large profits.
Kraken's advanced security measures and regulatory compliance are significant factors that have helped establish the exchange's reputation as a secure and reliable platform for buying, selling, and trading cryptocurrencies. The exchange's commitment to protecting its users and operating within the law is a reassuring sign for traders looking to participate in the cryptocurrency market with confidence.
Kraken's educational resources are also noteworthy, with a comprehensive knowledge base that includes articles, guides, and tutorials, as well as a regularly updated blog with in-depth analysis and commentary on the cryptocurrency market. This wealth of information is a valuable resource for traders of all levels and can help users make more informed decisions.
In addition to its commitment to security and regulatory compliance, Kraken is also focused on improving the user experience. The exchange has made significant investments in its platform, with regular updates and improvements to its trading engine, order types, and user interface. This has helped make the platform more user-friendly and accessible for traders of all levels, and has contributed to Kraken's growing popularity as a cryptocurrency exchange.
In conclusion, Kraken is a reliable and reputable cryptocurrency exchange that offers a wide range of features and resources for traders looking to participate in the cryptocurrency market. Advanced security measures, regulatory compliance and a commitment to improving the user experience have helped Kraken become one of the leading exchanges in the industry. While fees for small transactions can be relatively high, the exchange offers lower fees for large transactions and a wide selection of cryptocurrencies to trade.
Advantages:
Kraken is one of the leading cryptocurrency exchanges in the world and provides many benefits to its users. Here are some of them:
Kraken.com Regulator
According to my latest data, Kraken is a regulated cryptocurrency exchange that operates in compliance with relevant laws and regulations in the countries where it operates. Kraken is registered as a Money Services Business with the Financial Crimes Enforcement Network (FinCEN) in the United States and is licensed to operate in several U.S. states. The exchange is also registered with the UK Financial Conduct Authority (FCA) and operates in accordance with EU regulations.
Kraken has also obtained a license from the New York State Department of Financial Services (NYDFS), allowing it to operate in the state of New York. In addition, Kraken is a member of the Crypto Rating Council, which is a group of major cryptocurrency exchanges that work to promote compliance with U.S. securities laws.
The exchange applies a number of security measures to protect its users' funds and data, including two-factor authentication, encryption and the use of cold storage for most of its cryptocurrency vaults.
Overall, Kraken has a strong focus on regulatory compliance and security, which has helped it to establish a reputation as a trustworthy and reliable cryptocurrency exchange.
Risk Warning
Promotions
Bonuses Paid by the Kraken.com
Bonuses
Kraken offers several bonus programs for its users, including:
Kraken's bonus programs are designed to incentivize users to trade more frequently, refer new users to the platform, and hold certain cryptocurrencies on the exchange. Users can participate in these programs to earn rewards and reduce their trading fees.
Education
Review of the Kraken Education Program
Kraken offers a number of educational programs for beginners and advanced traders who want to improve their knowledge of cryptocurrency trading and investing.
Educational tools:
Online Courses:
Overall, Kraken's educational programs are a valuable resource for traders of all experience levels who want to improve their knowledge and skills in cryptocurrency trading and investing.
Best Online Trading Courses
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The Future of DeFi: Trends and Predictions for 2024
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Advanced Charting Techniques: Using Advanced Chart Patterns to Improve Your Trading Accuracy
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Crypto Security Best Practices: Tips for Keeping Your Digital Assets Safe from Hackers
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Leveraging Fundamental Analysis: Using Economic Indicators to Inform Your Trading Decisions
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Forex Trading Platforms: Choosing the Right Platform for Your Trading Needs
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The Future of Cryptocurrency: Predictions and Trends for the Next Decade
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Trading Volatility: Strategies for Profiting from Price Swings in Forex and Crypto Markets
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Introduction to Crypto Mining: How to Start Mining Cryptocurrencies at Home
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Exploring Forex Pairs: Understanding Major, Minor, and Exotic Currency Pairs
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Crypto Market Analysis: Identifying Trends and Opportunities for Profitable Trading
Rating and Comments
Kraken Users Reviews 2024
Authors:
Roman Mukhin
Financial expert, analyst and author
Jane Emberg
Financial analyst and editor
I’ve had a frustrating experience with Kraken’s customer service. It’s difficult to get in touch with them and when I do, the responses are not helpful. I also find the trading fees to be on the higher side compared to other exchanges.
raken has been a reliable platform for me to buy and sell cryptocurrencies. I appreciate the variety of coins available and the ease of use. However, the withdrawal process can be slow and the fees can add up quickly if you’re making frequent trades.
Kraken’s mobile app is fantastic for trading on the go. The interface is intuitive and I’ve never experienced any glitches or bugs. I also appreciate the low minimum deposit requirement, which makes it accessible for beginners like myself to start trading.
Kraken is my go-to cryptocurrency exchange because of its user-friendly platform and wide range of coins available for trading. The security measures in place give me peace of mind that my funds are safe, and I appreciate the responsive customer service whenever I have a question or issue.