Best For

      Advanced Traders
      Institutions

Kraken is a western market focused centralized cryptocurrency exchange based in San Francisco. A wide variety of trading options including OTC, futures, margin trading, and standard spot trading are available. Founded in 2011, Kraken is a trusted option for institutions and high volume traders.

Kraken Exchange - 2020 Comprehensive Review

Overall Score:

7.5
Trusted
Liquidity:
6.5 of 10
Purchase Options:
7 of 10
Ease of use:
7 of 10
Trust:
9 of 10
Fees:
5 of 10
Support:
8 of 10

Kraken Exchange Overview

Trading Fees Maker: 0.16% / Taker: 0.26%
Exchange Type Centralized
Fiat Trading Euro, US Dollars, Canadian Dollar, Japanese Yen
Purchase Options Bank Transfer, Crypto Deposits
Android App No
iOS App No
Trading Options Spot Trading, Margin Trading, Futures Trading, Forex Trading
Order Types Limit, Market, Stop Loss, Take Profit, Settle Position
Exchange Token No
Token Benefits NO TOKEN
Charting Software CryptoWatch
KYC Check Yes
KYC Rules Required For Withdrawals Greater Than $5,000 Per 24 hours.
IEO Platform No
Education Resources No
Convert Micro Balance No
Institutional Accounts Yes
Trading API Yes
Deposit Insurance No
Withdrawal Speed Fast
Customer Service 24/7 Live Chat, support tickets, Monday to Friday phone support.
Promotions Earn a fixed rate of 6% staking XTZ. COSMO & DASH coming soon

Kraken General Trading Fees (Maker & Taker)

TierMonthly Volume RequirementMakerTakerMaker
Discount
Taker
Discount
Level 1$0.000.16%0.26%--
Level 2$50,001.000.14%0.24%--
Level 3$100,001.000.12%0.22%--

High volume & professional trading tier fees available here.

Kraken Withdrawal Fees

AssetWithdrawal FeesMinimum Withdrawal
BitcoinBTC0.00010.0005
EthereumETH0.0050.01
XRPXRP0.0225
TetherUSDT510

Complete list of Kraken withdrawal fees per asset is available here.

Kraken does not charge deposit fees as long as minimum deposit requirements are met.

Kraken Markets & Volume

Rank

53

Total Assets

33

Total Markets

135

Volume 24h

$106,481,156.00

Volume 7d

$1,239,524,374.92

Volume 30d

$6,919,204,885.30

Kraken Top Markets

Crypto AssetsPricePairs24h Volume
BitcoinBTC$11,446.0948$44,173,313.36
EthereumETH$372.2443$14,598,245.12
XRPXRP$0.248$1,443,414.20

Kraken Supported Stablecoins

Stablecoin AssetsPricePairs24h Volume
TetherUSDT$1.0017$8,001,173.15
USD CoinUSDC$1.005$948,571.50
DAIDAI$1.015$160,524.11

Kraken Exchange Alternatives

Rating7.5/107.5/108/10
Trading FeesMaker : 0.16%
Taker : 0.26%
Maker : 0.1%
Taker : 0.1%
Maker : 0.15%
Taker : 0.25%
Fiat TradingYesYesYes
Purchase OptionsBank Transfer, Crypto DepositsCrypto Deposits, Credit CardsBank Transfer, Crypto Deposits, Credit Cards
Trading OptionsSpot Trading, Margin Trading, Futures Trading, Forex TradingSpot TradingSpot Trading, Margin Trading
IEO PlatformNoYesNo
Mobile AppsNoYesYes
HeadquartersSan Francisco, California, United StatesHong KongSan Francisco, California, United States
Learn MoreReviewReviewReview

Pros and Cons

Pros

  • Established Exchange - Kraken is one of the oldest and most reputable cryptocurrency exchanges in the market. The exchange has an excellent track record and has been in operation since 2011.
  • Fiat Deposits - Kraken accepts bank wire fiat deposits.
  • Margin Trading - Margin trading with up to 5x leverage is available for all registered Kraken accounts including US customers.
  • Regulated - Kraken is regulated and licensed to offer its services in all operational jurisdictions.
  • Futures Trading - Kraken is one of the few cryptocurrency exchanges licensed to offer futures trading to US customers.
  • Customer Service - Kraken has 24/7 live chat support, a well documented support ticket system, and even offers a weekday phone number that users can call during normal office hours.
  • OTC Services - Kraken has a 24/7 OTC desk available to clients in dozens of countries. Supported fiat currencies include USD, EUR, CAD, and JPY. Supported crypto assets include BTC, ETH, USDT, and more.

Cons

  • No Mobile App - Kraken does not have a mobile app for Android or IOS making trading on the go quite difficult.
  • Trading Fees - Maker and taker fees on Kraken start at 0.16% and 0.26% respectively for retail traders. While these are competitive trading fees compared to other regulated North American exchanges like Gemini and Coinbase, they are still considerably higher than the global industry standard.
  • Promotions - Kraken does not run many promotions of any considerable value for its users.

Frequently Asked Questions

Is Kraken a safe exchange?

Does Kraken have a mobile app?

Does Kraken offer margin trading?

What are the trading fees on Kraken?

Does Kraken accept US customers?

Summary

Kraken is one of the most reputable cryptocurrency exchanges on the market. Services include a cryptocurrency exchange, a 24/7 OTC trading desk, and a futures trading platform. Kraken is regulatory compliant in all jurisdictions of operation and accepts US customers.

Kraken recently raised $13.5M from over 2,000 investors at a valuation of $4B USD. These funds have been allocated optimally, as the exchange has seen it’s trading volume grow exponentially despite adverse market conditions.

A secure track record, fiat deposits, multiple trading options, and excellent customer service have advanced Kraken's reputation as one of the most reputable cryptocurrency exchanges.

Blockfer highly recommends Kraken for both US and international users and is an excellent choice for high networth individuals looking to purchase large amounts of crypto assets.

Learn More Best Features

kraken Official Website

  • One of the most trusted exchange in the market with competitive trading fees Maker: 0.16% / Taker: 0.26%.
  • Advance exchange features like margin trading, derivatives markets (futures), indices, and staking.
  • Good market liquidity on fiat USD, EUR, and CAD to stablecoin markets for USDT, TUSD, and DAI. Support for Bitcoin and international fiat pairs like EUR, CAD, and JPY.

Legal & Regulation - Facts & Figures

Legal Name Payward, Inc.
Incorporated Country United States
Headquarters San Francisco, CA United States
Year Founded 2011
CEO Jesse Powell
Total Employees 11-50
Regulators Money Services Business with FinCEN, UK's Financial Conduct Authority (FCA)
Links Website, Crunchbase, Twitter, Blog, LinkedIn

Methodology: How We Review And Compare

Our mission is to provide the most informative, unbiased, and useful reviews and comparisons possible for products and services in the blockchain finance industry. Assessments are powered by experts with years of relevant experience.

The cryptocurrency exchanges found in this category have been tested extensively by our team as part of the review process. Factors we analyze in our exchange reviews and comparisons include: liquidity, purchase options, user experience, trading fees, trading options, listed assets, reputation, mobile experience, and customer support.

The Blockfer Promise: We do everything in our power to keep content up to date and in the best interests of our audience. Blockfer does not shy away from poor ratings. Products or services that do not meet our reputability standards will be rated as 'Not Trusted'. Compensation from partners does not, and will never, effect our review process.

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