Kraken Review 2026

Kraken is a cryptocurrency spot, margin, and futures exchange based in the US. They offer 50+ cryptocurrencies with several payment methods, including standard crypto transfers.

Maker and taker fees start from 0.16% and 0.26% on the Kraken Pro platform, which is a free platform to use.

This review covers Kraken’s services, trade pairs, account options, and platforms for retail traders. We also explain Kraken’s institutional services like over-the-counter trading.

Can You Trust Kraken?

Kraken Exchange Overview

Kraken was founded in 2011 by Jesse Powell as Payward Inc, and is based in San Francisco, CA, US.

With over 50 cryptocurrencies, including the market leaders like Bitcoin, Ethereum, and Cardano, Kraken offers several different web and mobile platforms for traders. These platforms include two distinct mobile apps and three web traders.

The seven supported fiat currencies are USD, EUR, CAD, GBP, CHF, JPY, and AUD.

Traders can choose from three account types based on the degree of verification they’re willing to undergo. The key differences are the availability of futures trading and deposit/withdrawal limitations.

Kraken also offers Over-The-Counter (OTC) trading and API services for institutions and high-volume traders.

Pros and Cons of Kraken

Data last reviewed: 15/04/2026

Start Trading Now at Kraken.com

Where Does Kraken Operate?

Kraken is owned by Payward Inc and is based in San Francisco, CA, US.

In the Americas, Kraken is registered as a Money Services Business (MSB) and receives regulatory oversight from:

• FinCEN in the USA – Registration no. 31000270997766
• FINTRAC in Canada – Registration no. M19343731
• FCA in the UK – Registration no. 757895 (as CryptoFacilities Ltd)
• AUSTRAC and ASIC in Australia – Registration no. 163 237 634 (as Bit Trade Pty Limited)
• FSA in Japan – Registration no. 00022 (as Payward Asia, Inc)

Kraken serves hundreds of countries all over the world.

Country Restrictions on Kraken

The company has several restrictions in place for the following countries:

Data last reviewed: 09/03/2021 Warning: data published 5 years ago. Verify before relying on it.

Other currency and country-based restrictions include:

• US residents cannot trade XRP.
• Residents of Washington State and New York in the US: May apply for pre-verification with the hopes of potential approval when Kraken can accept such registrations.
• Residents of New Hampshire and Texas cannot fund, trade, or hold Euro as a currency on Kraken
• Residents of Australia cannot fund, trade, or hold DASH, XMR, or ZEC.
• Residents of the US and Canada cannot fund, hold or trade EWT or GRT.
• Residents of the US and Canada cannot trade ETH2.S — only stake ETH.
• Residents of the US, Canada,or Japan cannot fund, hold, or trade FLOW.

Japanese residents also have specific requirements and regulatory restrictions to trade with Kraken.

If you’re a resident in Japan, visit Kraken’s website to find out more about Kraken’s terms for Japan-based and JPY currency traders.

Start Trading Now at Kraken.com

Types of Crypto Trading

Data last reviewed: 18/04/2026

Kraken is primarily a spot cryptocurrency exchange and offers an instant buy/sell exchange with simple, intermediate, and advanced trade tickets.

Kraken offers 50+ cryptocurrencies and 250+ trading pairs that include crypto-crypto, crypto-fiat, and forex pairs too.

The seven fiat currencies available to trade in are US Dollar (USD), Euro (EUR), Canadian Dollar (CAD), Pound Sterling (GBP), Swiss Franc (CHF), Japanese Yen (JPY), and Australian Dollar (AUD).

See all available cryptocurrencies on Kraken.

A to E	E to O	O to Z
Aave (AAVE)	Enzyme Finance (MLN)	Orchid (OXT)
Algorand (ALGO)	EOS (EOS)	PAX Gold (PAXG)
Aragon (ANT)	Ethereum (ETH)	Polkadot (DOT)
Augur (REP)	Ethereum Classic (ETC)	Qtum (QTUM)
Augur v2 (REPV2)	Filecoin (FIL)	Ripple (XRP)
Balancer (BAL)	Flow (FLOW)	Siacoin (SC)
Basic Attention Token (BAT)	Gnosis (GNO)	Storj (STORJ)
Bitcoin (XBT)	ICON (ICX)	Synthetix (SNX)
Bitcoin Cash (BCH)	Kava (KAVA)	tBTC (TBTC)
Cardano (ADA)	Keep Network (KEEP)	Tether (USDT)
Chainlink (LINK)	Kusama (KSM)	Tezos (XTZ)
Compound (COMP)	Kyber Network (KNC)	The Graph (GRT)
Cosmos (ATOM)	Lisk (LSK)	TRON (TRX)
Curve DAO Token (CRV)	Litecoin (LTC)	Uniswap (UNI)
Dai (DAI)	Lumen (XLM)	USD Coin (USDC)
Dash (DASH)	Monero (XMR)	Waves (WAVES)
Decentraland (MANA)	Nano (NANO)	Yearn Finance (YFI)
Dogecoin (XDG)	OCEAN Token (OCEAN)	Zcash (ZEC)
Energy Web Token (EWT)	OMG Network (OMG)

Data last reviewed: 09/03/2021 Warning: data published 5 years ago. Verify before relying on it.

See all crypto spot trading pairs on Kraken.

A to E	E to L	L to U	U to Z
AAVE/AUD	ETC/ETH	LSK/EUR	UNI/EUR
AAVE/ETH	ETC/EUR	LSK/USD	UNI/USD
AAVE/EUR	ETC/USD	LSK/XBT	UNI/XBT
AAVE/GBP	ETC/XBT	LTC/AUD	USDC/AUD
AAVE/USD	ETH/AUD	LTC/ETH	USDC/EUR
AAVE/XBT	ETH/CAD	LTC/EUR	USDC/GBP
ADA/AUD	ETH/CHF	LTC/GBP	USDC/USD
ADA/ETH	ETH/DAI	LTC/JPY	USDC/USDT
ADA/EUR	ETH/EUR	LTC/USD	USDT/AUD
ADA/GBP	ETH/GBP	LTC/USDT	USDT/CAD
ADA/USD	ETH/JPY	LTC/XBT	USDT/CHF
ADA/USDT	ETH/USD	MANA/ETH	USDT/EUR
ADA/XBT	ETH/USDC	MANA/EUR	USDT/GBP
ALGO/ETH	ETH/USDT	MANA/USD	USDT/JPY
ALGO/EUR	ETH/XBT	MANA/XBT	USDT/USD
ALGO/GBP	EWT/EUR	MLN/ETH	WAVES/ETH
ALGO/USD	EWT/GBP	MLN/EUR	WAVES/EUR
ALGO/XBT	EWT/USD	MLN/USD	WAVES/USD
ANT/ETH	EWT/XBT	MLN/XBT	WAVES/XBT
ANT/EUR	FIL/AUD	NANO/ETH	XBT/AUD
ANT/USD	FIL/ETH	NANO/EUR	XBT/CAD
ANT/XBT	FIL/EUR	NANO/USD	XBT/CHF
ATOM/AUD	FIL/GBP	NANO/XBT	XBT/DAI
ATOM/ETH	FIL/USD	OCEAN/EUR	XBT/EUR
ATOM/EUR	FIL/XBT	OCEAN/GBP	XBT/GBP
ATOM/GBP	FLOW/ETH	OCEAN/USD	XBT/JPY
ATOM/USD	FLOW/EUR	OCEAN/XBT	XBT/USD
ATOM/XBT	FLOW/GBP	OMG/ETH	XBT/USDC
BAL/ETH	FLOW/USD	OMG/EUR	XBT/USDT
BAL/EUR	FLOW/XBT	OMG/USD	XDG/EUR
BAL/USD	GNO/ETH	OMG/XBT	XDG/USD
BAL/XBT	GNO/EUR	OXT/ETH	XDG/XBT
BAT/ETH	GNO/USD	OXT/EUR	XLM/AUD
BAT/EUR	GNO/XBT	OXT/USD	XLM/EUR
BAT/USD	GRT/AUD	OXT/XBT	XLM/GBP
BAT/XBT	GRT/ETH	PAXG/ETH	XLM/USD
BCH/AUD	GRT/EUR	PAXG/EUR	XLM/XBT
BCH/ETH	GRT/GBP	PAXG/USD	XMR/EUR
BCH/EUR	GRT/USD	PAXG/XBT	XMR/USD
BCH/GBP	GRT/XBT	QTUM/ETH	XMR/XBT
BCH/JPY	ICX/ETH	QTUM/EUR	XRP/AUD
BCH/USD	ICX/EUR	QTUM/USD	XRP/CAD
BCH/USDT	ICX/USD	QTUM/XBT	XRP/ETH
BCH/XBT	ICX/XBT	REPV2/ETH	XRP/EUR
COMP/ETH	KAVA/ETH	REPV2/EUR	XRP/GBP
COMP/EUR	KAVA/EUR	REPV2/USD	XRP/JPY
COMP/USD	KAVA/USD	REPV2/XBT	XRP/USD
COMP/XBT	KAVA/XBT	SC/ETH	XRP/USDT
CRV/ETH	KEEP/ETH	SC/EUR	XRP/XBT
CRV/EUR	KEEP/EUR	SC/USD	XTZ/AUD
CRV/USD	KEEP/USD	SC/XBT	XTZ/ETH
CRV/XBT	KEEP/XBT	SNX/AUD	XTZ/EUR
DAI/EUR	KNC/ETH	SNX/ETH	XTZ/GBP
DAI/USD	KNC/EUR	SNX/EUR	XTZ/USD
DAI/USDT	KNC/USD	SNX/GBP	XTZ/XBT
DASH/EUR	KNC/XBT	SNX/USD	YFI/AUD
DASH/USD	KSM/AUD	SNX/XBT	YFI/ETH
DASH/XBT	KSM/ETH	STORJ/ETH	YFI/EUR
DOT/AUD	KSM/EUR	STORJ/EUR	YFI/GBP
DOT/ETH	KSM/GBP	STORJ/USD	YFI/USD
DOT/EUR	KSM/USD	STORJ/XBT	YFI/XBT
DOT/GBP	KSM/XBT	TBTC/ETH	ZEC/EUR
DOT/USD	LINK/AUD	TBTC/EUR	ZEC/USD
DOT/USDT	LINK/ETH	TBTC/USD	ZEC/XBT
DOT/XBT	LINK/EUR	TBTC/XBT
EOS/ETH	LINK/GBP	TRX/ETH
EOS/EUR	LINK/USD	TRX/EUR
EOS/USD	LINK/USDT	TRX/USD
EOS/USDT	LINK/XBT	TRX/XBT
EOS/XBT	LSK/ETH	UNI/ETH

Data last reviewed: 09/03/2021 Warning: data published 5 years ago. Verify before relying on it.

Alongside spot trading, Kraken traders may be eligible to trade:

• Cryptocurrency futures on a margin with a max leverage of 50:1
• Cryptocurrency spot trades on a margin with a max leverage of 50:1
• Over-the-counter with a one-to-one dedicated support agent on high volume trades
• Staking in cryptocurrencies like Tezos and Polkadot

Crypto Margin and Futures Trading

Kraken traders have access to crypto futures on a total of 17 US dollar-crypto futures markets on five coins: Bitcoin, Ethereum, Litecoin, Ripple, and Bitcoin Cash.

The maximum leverage on futures trades is 50:1, though traders can choose from smaller increments of 1:1, 2:2, 3:1, 5:1, 10:1, and 25:1.

Unlike the instant exchange, the crypto futures and margin terminal has visible order books.

OTC Trading With Kraken

Over-the-counter trading is a service for traders willing to make a larger volume transaction off the books. Kraken promises higher liquidity to high net-worth traders and institutions for OTC trades.

There is no publicly declared minimum requirement for OTC trade sizes, and Kraken does not charge any additional fees. The service is available 24/7 and promises one-to-one consultation.

Cryptocurrency Staking

Kraken’s staking feature allows you to delegate your cryptocurrency holdings to stake pools for cryptocurrencies that run on a proof-of-stake (PoS) blockchain algorithm.

The following coins are available for staking:

• Polkadot (DOT)
• Kusama (KSM)
• Kava (KAVA)
• Cosmos (ATOM)
• Tezos (XTZ)
• Flow (FLOW)
• Ethereum (ETH)

ETH and FLOW stake rewards pay out weekly, while other coin rewards are paid out twice-a-week. Staking is only available on the web and desktop platforms.

Kraken only charges admin fees on ETH staking.

To stake, traders must transfer funds from the spot trading account to the staking account.

Start Trading Now at Kraken.com

Account Types

Maximum leverage caps

The highest leverage Kraken offers for each asset class, grouped by the regulator that sets the cap. Retail accounts are capped tightest; professional and offshore accounts accept higher leverage in exchange for fewer protections.

• Retail - tightest caps, full regulatory protections
• Professional - higher caps, must qualify, fewer protections
• Offshore - highest caps, minimal protections

Cell shading deepens with the size of the leverage cap.

There are three different account tiers available for Kraken traders, based on the level of verification they’re willing to go through. Here’s a comparison of how these accounts differ:

Data last reviewed: 15/04/2026

*Non-US only

How to Verify Your Kraken Account

You can’t complete the verification process on mobile. Follow these steps to find the verification menu on Kraken Web to proceed:

1. Log in to your Kraken account
2. Click on your account name in the top menu’s right corner
3. Select ‘Get Verified’
4. Select the appropriate level of verification and follow the instructions

Start Trading Now at Kraken.com

Spreads & Fees

Kraken has a transparent fee schedule on their website. We have broken down the listed trading fees on different asset types below.

Kraken’s instant buy fees are:

• Existing Account Balance Purchases
  • 0.9% fee on stablecoin purchases with USD or other stablecoins
  • 1.5% fee on stablecoin purchases with BTC
• Funding Transaction Fee: 3.75% + €0.25 (or currency equivalent)

Click here to see the Kraken Pro fees.

Note that Kraken Pro fees are charged per-trade, based on trade volume and the trading fee discount tier you fall into.

30-Day Volume (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+	n/a	0.10%

Data last reviewed: 09/03/2021 Warning: data published 5 years ago. Verify before relying on it.

Click here to see Forex and Stablecoin fees.

Applicable for forex pairs and pairs where a stablecoin is the base currency.

30-Day Volume (USD)	Maker Fee	Taker Fee
$0 - $50,000	0.20%	0.20%
$50,001 - $100,000	0.16%	0.16%
$100,001 - $250,000	0.12%	0.12%
$250,001 - $500,000	0.08%	0.08%
$500,001 - $1,000,000	0.04%	0.04%
$1,000,000+	n/a	n/a

Data last reviewed: 09/03/2021 Warning: data published 5 years ago. Verify before relying on it.

Click here to see Margin Trading fees.

These fees are additional to standard trading fees. US traders can keep margin positions open for a maximum of 28-days, while non-US traders for 365-days.

Base Currency	Quote Currency	Opening Fee	Rollover fee
BTC (Bitcoin)	EUR, USD	0.01%	0.01% per 4 hours
USDT (Tether)	EUR, USD	0.01%	0.01% per 4 hours
USDC (USD Coin)	EUR, USD	0.01%	0.01% per 4 hours
BTC (Bitcoin)	GBP, CAD, USDT	0.02%	0.02% per 4 hours
ADA (Cardano)	EUR, USD, ETH, BTC	0.02%	0.02% per 4 hours
BCH (Bitcoin Cash)	EUR, USD, BTC	0.02%	0.02% per 4 hours
DASH (Dash)	EUR, USD, BTC	0.02%	0.02% per 4 hours
EOS (EOSIO)	EUR, USD, ETH, BTC	0.02%	0.02% per 4 hours
ETH (Ethereum)	EUR, USD, USDT, BTC	0.02%	0.02% per 4 hours
ETC (Ethereum Classic)	EUR, USD, ETH, BTC	0.02%	0.02% per 4 hours
LINK (Chainlink)	EUR, USD, ETH, BTC	0.02%	0.02% per 4 hours
LTC (Litecoin)	EUR, USD, BTC	0.02%	0.02% per 4 hours
REP (Augur)	EUR, ETH, BTC	0.02%	0.02% per 4 hours
TRX (TRON)	EUR, USD, ETH, BTC	0.02%	0.02% per 4 hours
XMR (Monero)	EUR, USD, BTC	0.02%	0.02% per 4 hours
XRP (Ripple)	EUR, USD, BTC	0.02%	0.02% per 4 hours
XTZ (Tezos)	EUR, USD, ETH, BTC	0.02%	0.02% per 4 hours
Polkadot (DOT)	ETH, EUR, USD, BTC	0.02%	0.02% per 4 hours

Data last reviewed: 09/03/2021 Warning: data published 5 years ago. Verify before relying on it.

Click here to see Futures Trading fees.

Spot, forex, and stablecoin orders don’t contribute to the following trading volumes.

30-Day Volume USD	Maker Fee	Taker Fee
$0 - $100,000	0.02%	0.05%
$100,001 - $1,000,000	0.015%	0.04%
$1,000,001 - $5,000,000	0.0125%	0.03%
$5,000,001 - $10,000,000	0.01%	0.025%
$10,000,001 - $20,000,000	0.0075%	0.02%
$20,000,001 - $50,000,000	0.005%	0.015%
$50,000,001 - $100,000,000	0.0025%	0.0125%
$100,000,001 +	n/a	0.01%

Data last reviewed: 09/03/2021 Warning: data published 5 years ago. Verify before relying on it.

It’s worth noting that fee discounts only begin with a relatively high 30-day trade volume, which many retail traders do not qualify for.

How to Deposit Funds With Kraken

You can deposit via both mobile and web. Here’s a summary of fiat currency deposit process and requirements:

• Funding Methods: Wire Transfers (domestic and international), Debit Card, Signet, SEN, Cash (Canada only), Crypto
• Minimum Deposit: $0 to $150 (or currency equivalent)
• Fee: Free to $25 (or currency equivalent, or 1.25 CAD + 0.25% for Canadian cash deposits)
• Processing Time: Instant to five business-days

The above requirements depend on your funding currency, location, and payment method.

Cryptocurrency Deposits

Most cryptocurrency deposits on Kraken have a minimum deposit requirement, an address setup fee, and a deposit fee. For example, Dogecoin has none of these.

Crypto transaction processing times can take from instant to days, based on the trading fee, number of necessary confirmations, the and network load of the coin’s blockchain.

Visit Kraken’s website for up-to-date specifics.

How to Withdraw Funds With Kraken

Fiat withdrawals can also be made on both mobile and web:

• Withdrawal Methods: Wire Transfers (domestic and international), Debit Card, Signet, SEN, Cash and POSCONNECT (Canada only), Crypto
• Minimum Withdrawal: $0 to $10,000 (or currency equivalent)
• Fee: Free to $40 (or currency equivalent, or 0.25% for Canadian POSCONNECT)
• Processing Time: Instant to five business-days

As with fiat deposits, the above information is only a range. Exact figures depend on your location, currency, and available withdrawal method.

All cryptocurrency withdrawals incur a fee and have a minimum amount requirement — see Kraken’s website for up-to-date numbers, as the crypto market’s volatility impacts withdrawal fees.

Start Trading Now at Kraken.com

Platforms

There are two different Kraken mobile apps: the standard Kraken App, and the Kraken Pro App for advanced trading features.

Before we review the standard Kraken App, we distinguish between Kraken vs Kraken Pro on mobile:

Data last reviewed: 15/04/2026

Both Kraken Apps are free to download on Android and iOS devices. However, to sign in to your Kraken Pro app, you need to generate an API key on the web platform.

How to Generate an API Key for Kraken Pro Mobile

1. Head over to Kraken’s website, and log in.
2. Under the account icon on the top left, select ‘Security’, and then ‘API’
3. Click ‘Add key’
4. Give your API key a simple name to remember, or leave it as it is
5. Check the following options from the list of API permissions:
   • ✓ Query Funds
     ✓ Query Ledger Entries
     ✓ Query Open Orders & Trades
     ✓ Query Closed Orders & Trades
     ✓ Modify Orders
     ✓ Cancel/Close Orders
6. Click ‘Generate Key’
7. Select ‘Show QR Code’
8. Open your Kraken Pro App and navigate to ‘Sign In’ > ‘Scan QR Code’
9. Scan the code, and you’re logged in

Kraken Mobile App Dashboard

The main dashboard in the Kraken App presents your account balance, tradeable crypto assets in your chosen base currency, market leaders by 24-hour price changes, and cryptocurrencies ordered by market cap size.

You can access three other menus from the main screen: account balances, mobile app settings, and a show/hide toggle that allows you to jump to buy, sell, deposit, and withdrawal screens.

Balance Overview and Account Settings

The balance screen allows you to view your overall account balance amount, as well as the distribution of currencies presented as a percentage.

From the same menu, you can access your transaction history, where you’re shown your number of asset types held with its overall value.

The app settings page lets you customize balance and announcement displays as well as change your base currency, theme color, and set up two-factor authentication.

Trade Execution and Management

The standard Kraken app has no order book, so your choices are to deposit/withdraw cash, and to buy/sell crypto with cash directly. You can also manage your payment methods on mobile.

When you select an asset from the home screen asset page, you’re shown the following asset stats:

• All-time-high and low
• 24-hour trading volume
• Market cap and rank
• A price chart with the ability to view it in different timeframes (24-hours, 1 week, 1 month, 1 year, and All)

The trading ticket offers preset amounts from $20 to $100 or choose your own amount. Once you set your desired transaction amount, you’re given an estimate of what you get in return.

Payment methods can be chosen on the trade ticket screen.

Start Trading Now at Kraken.com

Kraken Web Trader Review

As with Kraken Pro and Standard on mobile, the web trader also has two distinct functionalities.

Kraken’s instant buy/sell currency exchange is available under the ‘Trade’ tab. Open market trading on 250+ crypto pairs and crypto-fiat pairs is available through the terminal.

Kraken Terminal vs Kraken Exchange

Here’s a brief overview of how the Kraken Terminal’s open market trading differs from the currency exchange.

With the Kraken Terminal you can:

• Use dozens of technical analysis tools (incl. EMA, MACD, and Bollinger Bands)
• View charts as candlesticks, line, bar, mountain, heikin-ashi, and y-axis charts
• Change the style and padding of your chart
• View live order books
• Use a leverage slider up to 5:1
• Set conditional trade closures (stop/loss, market limits)
• View two assets’ charts at a time
• Manage your trades

See below for how the different tiers of the trading ticket work on Kraken web.

Trade Ticket Tiers and Position Management

The simpler version of Kraken’s instant buy/sell exchange also allows you to trade on the order books, though you can see the live orders.

Kraken is set up as a currency exchange with three trading ticket tiers: Simple, Intermediate, and Advanced.

Here are the main differences between the three trade ticket types:

• Simple: Select whether you buy/sell, the amount, and whether you’re selling on market prices (taker fee for instant execution) or making a limit order (maker fee — see the list of fees).
• Intermediate: As with the Simple ticket, plus leverages up to 5:1, scheduled submission, cancellation time if the order is unfulfilled, and the choice of fee currency.
• Advanced: In addition to the Intermediate trade ticket, you get to set conditional close pre-sets based on Limit, Stop-Loss, Take Profit, Stop Loss Limit, Take Profit Limit, and Settle Position triggers.

Futures and Margin Platform

The Kraken Futures platform is designed similarly to the Kraken Terminal, showcasing order form, trade history, position management, and charting features in the middle of the screen.

There are two main chart features to switch views between. the market chart and a depth chart. You can also change the screen layout to have both charts open at the same time, like in the Kraken Terminal. This can be done via the ‘Workspace‘ dropdown.

On the Kraken Futures platform, the order form allows you to switch a leverage limiter on and off to toggle the leverage from 1:1 to 50:1. Leverage essentially allows traders to trade with borrowed money from the exchange — it’s risky.

The futures contract dates are visible in the asset selection tab accessible from the top left menu. There are a total of 17 contract types available with BTC, ETH, LTC, XRP, and BCH coins on the US dollar.

Support and Learning Resources

Kraken offers 24/7 customer support via e-mail and live chat. The live chat is a mixture of live agents and bots for hours when there are no agents available.

There’s also a knowledgebase with categorized articles on funding, trading, getting started, mobile app functionalities, and security, to name a few.

Other Kraken learning resources for cryptocurrency traders include:

• Crypto guides on 50+ coins
• Videos and webinars on different methods of cryptocurrency trading and security
• A podcast series that’s also available on iTunes, Spotify, Google Podcasts, and YouTube

Start Trading Now at Kraken.com

Kraken vs Binance

Here’s a side-by-side comparison of Kraken and Binance on a few key points as exchanges:

Data last reviewed: 18/03/2021 Warning: data published 5 years ago. Verify before relying on it.

Start Trading Now at Kraken.com

Verdict

FAQs

Is Kraken legit?

Kraken is a Money Services Business (MSB) registered company and has several subsidiaries regulated under FinCen, FINTRAC, the FCA, AUSTRAC, ASIC, and the FSA. The company is headquartered in San Francisco, California, US, and has never been hacked to date. Learn more about Kraken’s regulatory information here.

What are Kraken futures?

Kraken futures are cryptocurrency futures contracts that allow you to speculate on a supported cryptocurrency’s price at a future date. Kraken has an exclusive futures terminal where traders have access to 50:1 leveraged margin trading on BTC, ETH, LTC, XRP, and BCH, all traded against the US dollar.

Where is Kraken Exchange located?

Kraken’s HQ is in San Francisco, California, US, and also has registered subsidiary companies in Australia, the UK, and Japan. Aside from the location of the registered companies and offices under Kraken’s parent company, Payward Inc, the exchange accepts traders from 150+ countries. See the list of restricted countries.

Is Kraken better than Coinbase?

Kraken and Coinbase both offer 50+ cryptocurrencies and started as an exchange. That said, both companies offer a Pro version of the trading platform with technical analysis and advanced trading tools alongside the standard coin exchange features. As to which exchange is better depends on your needs and preferences as a trader. See this comparison of Kraken and Binance.

How much does Kraken charge per trade?

Kraken charges a flat funding fee of 3.75% + €0.25, and has various trading fee brackets for different trade types. Kraken Pro charges maker fees for market makers, and taker fees for those who execute the market order instantly. For traders with a total trade volume of $50,000 or less in the last 30-days, maker fees start at 0.16% while taker fees at 0.26%. See the entire fee schedule.

What is the Kraken Bank?

Kraken is the first cryptocurrency company to be approved by the US state banking charter, and the company is formally known as a Special Purpose Depository Institution. This means that Kraken’s legal interests lay in client finance in an environment that’s quickly shaped by ongoing regulation. They’re regulated by the Wyoming Division of Banking.

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