4.0 / 5
30 user ratings
Ease of Use
3.5
Value for Money
4.3
Verification
3.5
Support
4.0
Kraken
Kraken is a globally operating US-based crypto exchange founded in 2011 and the world's largest bitcoin exchange in euro volume and liquidity.
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Bitcoin BTC
2.6 %$28,018.86
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Ethereum ETH
3.1 %$1,932.70
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Tether USDT
-0.1 %€0.93
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USD Coin USDC
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Ripple XRP
1.3 %$0.49
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Cardano ADA
1.6 %$0.38
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Dogecoin DOGE
1.1 %$0.0744
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Polygon MATIC
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Solana SOL
1.3 %$20.82
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TRON TRX
0.1 %$0.0785
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Litecoin LTC
2.3 %$93.16
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Dai DAI
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Polkadot DOT
1.8 %$5.55
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SHIBA INU SHIB
0.0 %$0.000009
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Avalanche AVAX
1.0 %$14.93
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Wrapped Bitcoin WBTC
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Cosmos ATOM
2.4 %$10.90
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Chainlink LINK
1.8 %$6.71
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Uniswap UNI
1.7 %$5.23
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Monero XMR
0.8 %$157.43
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Ethereum Classic ETC
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Stellar Lumens XLM
1.0 %$0.0905
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Bitcoin Cash BCH
2.0 %$118.07
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Internet Computer ICP
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Filecoin FIL
2.5 %$4.73
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Lido DAO LDO
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Aptos APT
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Arbitrum ARB
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Near Protocol NEAR
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Quant QNT
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The Graph GRT
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Algorand ALGO
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The Sandbox SAND
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Render Token RNDR
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Aave AAVE
1.5 %$68.84
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ApeCoin APE
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Fantom FTM
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Rocket Pool RPL
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BitDAO BIT
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Elrond EGLD
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Decentraland MANA
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EOS EOS
-1.4 %$0.91
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Stacks STX
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Tezos XTZ
3.1 %$0.95
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Axie Infinity AXS
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Flow FLOW
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Curve DAO Token CRV
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Synthetix Network Token SNX
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Maker MKR
0.8 %$648.78
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Pepe PEPE
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Kava KAVA
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Injective Protocol INJ
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Sui SUI
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Zcash ZEC
1.4 %$33.95
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BitTorrent (Old Chain) BTT
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Mina Protocol MINA
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PAX Gold PAXG
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Frax Share FXS
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GMX GMX
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Qtum QTUM
0.0 %$2.81
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Dash DASH
1.4 %$44.08
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Chiliz CHZ
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Basic Attention Token BAT
0.0 %$0.23
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Terra LUNA
0.5 %$0.000089
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Loopring LRC
What is Kraken?
Kraken is a cryptocurrency exchange platform that offers a wide range of investment options to both individuals and institutions in over 200 countries across the world. Kraken also supports almost 100 different cryptocurrencies including the most popular ones like Bitcoin, Ethereum, or Cardano, among others.
History of Kraken
Kraken was established in 2011 by Jesse Powell, its current CEO, but did not formally launch its operations until 2013. Powell recognized the importance of Bitcoin as well as the potential lucrativeness of crypto exchanges as an integral part of the crypto ecosystem.
Powell’s intention was to create value through a platform where people could promptly and securely invest in the cryptocurrency world.
Since its inception, Kraken has grown tremendously, having hired hundreds of employees around the globe while also allowing people from all walks of life to invest in cryptocurrency independently and worry-free.
How to Buy Crypto on Kraken
Create an account
To create an account at Kraken, go to their website click on “Create Account" in the right-top corner.
Next, you need to enter your email address, us_ername_, and a s_trong password_. Once you have provided this information, simply press the “Sign Up” button. You will immediately receive an email to complete the activation of your account.
Verify your identity
Next, you need to verify your identity. This is necessary because of anti-money-laundering laws.
Kraken offers different verification levels: Starter, Express, Intermediate and Pro. Depending on your verification level, you will be able to use different features of the Kraken platform. For instance, with the Starter level, you can deposit cryptocurrencies and exchange unlimited amounts of crypto. If you would like to deposit fiat money, however, you need the Express (up to $9.000) or Intermediate (unlimited deposits) level.
You can learn more about the requirements and allowances of the different verifcation levels on Kraken's helpdesk.
Deposit money
To fund your account and start trading, navigate to the “Funding” tab highlighted on the screenshot below. Next, click on the “Deposit” button and look for the currency you would like to deposit and click on it.
Now, key in the amount you wish to deposit and choose a Funding Provider from the drop-down menu. If the drop-down menu only displays a single option, you can simply skip this step and move on to completion.
Buy crypto
Instant Buy / Mobile App
The easiest way to buy crypto on Kraken is using its Instant Buy feature, which is also used by the Kraken mobile app. Simply click on the "Buy Crypto" button in the navigation bar, click on "Buy", select the crypto of your choice, and select the amount of crypto you'd like to buy.
Trading
Kraken is also a very popular platform among professional traders. For more experienced users, there are two different ways to buy crypto: either through the "Trade" section in the navigation bar, or the professional trading interface which can be accessed by clicking the chart icon in the submenu of the "Trade" webpage.
Mobile App
To login to Kraken's mobile app, simply scan the QR Code that is generated automatically at the Kraken profile settings webpage.
The Kraken app allows you to monitor your portfolio and trade on the go. However, it does not support advanced order types like limit orders and trading via the app will incur an additional fee. The app does not allow for the withdrawal or depositing of funds yet but the company has stated that it will work on incorporating the feature soon.
Features of Kraken
Available Payment Methods
Currently, Kraken only accepts deposits in:
- US Dollar
- Euro
- Canadian Dollar
- Pound Sterling
- Japanese Yen
- Swiss Franc
Canadian clients are able to fund their accounts through their debit and credit cards. Users from other parts of the world can only fund their accounts through wire transfers where a small fee is charged to their accounts. For European Union clients, however, SEPA wire transfers are absolutely free. Kraken also offers SEPA Instant Payments, so you don't have to wait for days for your transfer to arrive.
Limits and Fees
Most cryptocurrency exchanges, Kraken included, apply a maker/taker fee model, which essentially means that the fee charged will be lower depending on whether or not you are adding liquidity in the market or taking liquidity away from it.
Maker fees refer to the fee applied whenever a client places a trade that isn’t automatically matched to an already existing order in the books. The reason this called a ‘maker’ is because it makes/increases the demand for cryptocurrency in the market.
Taker fees, on the other hand, refer to the fee applied when a client places an order that is automatically matched with an order that is already existent in the books. This reduces liquidity because it takes an existent coin off the market, which is why it is called a ‘taker’.
As you can tell, Kraken does not charge any fees until you have executed an order; that is, until your order is matched with another client’s order. As mentioned, this fee will also be dependent on whether you are a maker or a taker, which you cannot predict until you have executed your order. This fee can range anywhere between 0% to 0.3%
The fee will also be influenced by your maker/taker status as well as the currency pair that you will be trading (for example USD to Bitcoin) as well as your 30-day trading volume in dollars. The more trading you have done in the past 30 days, the lower your fee will be.
There are other options that may appeal to beginners more than the maker/taker model. For example, the ‘Instant Buy’ option which, as the name suggests, allows you to purchase crypocurrency quite easily. This comes at a higher cost than if you used the maker/trader model.
Note that with the Instant Buy option, you would have to pay a 1.5% flat rate for converting, buying, or selling. Further, you will also have to incur an additional 4% fee for each transaction if you are using a credit/debit card.
Is Kraken trustworthy?
Cryptocurrency exchanges have proven to be particularly vulnerable when it comes to hacking, which has resulted to millions in losses over the years. Although most of these platforms have reimbursed their clients for the losses incurred, you certainly don’t want to choose a trading platform with weak security because you will suffer undue inconvenience.
Kraken has on numerous occasions declared its commitment to cyber security, even ranking first on security review sites on crypto exchange platforms such as CER. Most importantly, Kraken has never, in its 10-year history, experienced any major hacking event and never has there been an incident where the platform has lost client funds.
Additionally, Kraken offers its clients safe coin storage, with about 95% of all deposits being held offline in cold storages spread out all across the globe. Onsite protection of all of Kraken’s servers is also guaranteed, with these servers being kept under 24-hour surveillance by armed guards at various locations all over the world.
Apart from the physical measures Kraken takes, the company has also encrypted all sensitive user information at the data and system level and regularly conducts vulnerability tests to ascertain the safety of its own systems.
As a personal measure, ensure that you activate the 2FA authentication setting to ensure that even the people you personally interact with cannot access your account.
Conclusion
Kraken is a great cryptocurrency exchange platform with good services. Although, the platform is more oriented towards experienced traders, it also offers beginner-friendly tools like the Instant Buy feature and its mobile app, for a small additional fee. Kraken also makes it extraordinarily easy to earn interest on your investments through onchain and offchain staking. In all, Kraken is rightly one of the most reputable crypto exchanges.
Customer Reviews

Nissos
1.8
Very bad stock market for me, customer support is zero points. I couldn't find any care for my problem. They always gave me the same answer.
Translated from Turkish. Show Original
Benin icin cok kotu borsa musteri destegi sifir puan.Sorunuma care bulamadim hep ayni cevap parami yediler.
4 months ago
Oma2
4.2
It's such an amazing wallet, easy-to-use, user friendly and not bombarded with unuseful interface. The trading pattern is easy to understand,easy to use for trading but am unable to complete my phone number verification ( code was not sent)
7 months ago

AlexandarS
5.0
Never had a better support experience from any company in the financial space let alone crypto. While I am a new customer I was able to try out their email support and live chat both were quick, and provided just the answers I was looking for. I wish all exchanges had live support, it just works!
8 months ago
normalwert
4.5
No deposit fee or limit, very good support that helps you quickly. I once paid the wrong money, so not on me, I got it back quickly. I lost 2FA. Account was free again after a day
Translated from German. Show Original
Keine Einzahlungsgebühr oder limit, sehr guter Support der ein schnell hilft. Hab mal Geld falsch eingezahlt, also nicht auf mich, bekam ich schnell wieder. 2FA hab ich verloren . Konto war nach nem Tag wieder frei
1 year ago
ManosPediotis
4.5
Secure and Easy for begginers
1 year ago

kieselbert
1.8
Did everything work at first until a deposit from Cryptos (Aragon) was not credited. All help pages searched through again, everything was done correctly, so written to support. This then held me out for 1.5 months. One is overloaded. Then the answer:
Aragon had a log update. However, kraken did not notice the update and therefore did not write anything about it in their notes on deposits. The process of "finding these cryptos would allegedly be too time-consuming", "they are very sorry", but the money is gone. Kraken has the coins worth 500 € in her wallet and is now keeping the story to an end. I thought a stock market shouldn't make it that easy and that's a NoGo.
Translated from German. Show Original
Hat auch zunächst alles funktioniert, bis dann eine Einzahlung von Cryptos (Aragon) nicht gutgeschrieben wurde. Nochmal alle Hilfeseiten durchgeforstet, alles richtig gemacht, also an den Support geschrieben. Dieser hat mich dann erstmal 1,5 Monate hingehalten. Man sei überlastet. Dann die Antwort:
Aragon hatte ein Protokollupdate. Das mit dem Update hat kraken aber nicht mitbekommen und deshalb auch bei ihren Hinweisen für Einzahlungen nichts dazu geschrieben. Der Vorgang "diese Cryptos nun zu finden wäre angeblich zu aufwendig", "es tut ihnen sehr leid", aber das Geld ist weg. Kraken hat die Coins im Wert von 500€ in ihrer Wallet und behält die nun einfach, Geschichte zu Ende. Ich denkte so einfach darf es sich eine Börse nicht machen und das ist ein NoGo.
2 years ago

JakobMueller
5.0
By far the best crypto exchange!
+ the lowest buying / selling fees on the market (0.00% -0.26%)
+ no deposit fees and no deposit limit
+ € 5 minimum withdrawal - € 0.09 withdrawal fee
+ extremely fast and very competent customer support
Translated from German. Show Original
Die mit Abstand beste Kryptobörse!
+ die niedrigsten Kauf-/Verkaufsgebühren am Markt (0,00%-0,26%)
+ keine Einzahlungsgebühren und kein Einzahlungslimit
+ 5€ Mindestauszahlung - 0,09€ Auszahlungsgebühr
+ extrem schneller und sehr kompetenter Kundensupport
2 years ago
denis_r
4.2
Best market overall, have been using it for more than 4 years with 0 issues. Would recommend.
2 years ago

kresman
2.0
Takes too long and my first born to set up and get cash too. Too complicated.
2 years ago

lattyined
3.5
One of the best out there, a few short comings I've had makes me mark a not so perfect score, but hey, back in the day this I used to convert larger amounts of btc. Recommended.
3 years ago
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