Kraken Review: Is it a Trustworthy Crypto Exchange?

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I'm Donny. I'm a world traveler, investor, entrepreneur, and online marketing aficionado who has a big appetite to compete and disrupt big markets. I thrive on being able to create things that impact change, difficult challenges, and being able to add value in negative situations.

Kraken is a top-rated crypto exchange with high liquidity, a user-friendly interface, low fees and more than 120 coins.

Kraken Kraken
4.0
Fees: 0.16%-2% varies by type of transaction
Account minimum: $10
Pros:
  • 185+ cryptocurrencies
  • Crypto rewards program
  • Easy-to-use mobile app
  • High liquidity
Cons:
  • Not available in all 50 states
  • Limited funding methods
Promotion: No current promotions

Are you afraid to invest in crypto because of negative reports in the media? At the same time, are you afraid of missing the boat?

In this Kraken review, we’ll show you why you should choose this popular crypto exchange.

Kraken is a trusted crypto exchange that has been around since 2011. There are more than 9 million customers in 190+ countries, and you can start building a crypto portfolio in minutes.

Do security issues keep you awake at night? Don’t panic, we’ve researched Kraken and will share all the information about the company’s security and safety.

As we review the Kraken products, we’ll help you to get started with your account. Continue reading to find out all Kraken has to offer.

What is Kraken Exchange?

Kraken homepage
Kraken.com website

Kraken is a cryptocurrency exchange based in the United States. Kraken’s mission is for you and all its investors to achieve financial freedom.

Jesse Powell and Thanh Luu founded Kraken in 2011. The official launch was in 2013 when Litecoin, Bitcoin and Euro trading were on offer.

Currently, Kraken also offers coins like Ethereum, Cardano, XRP, and Dogecoin. Kraken crypto investors can buy, sell and trade cryptocurrencies.

You may also consider a Kraken Pro membership with lower fees, non-fungible tokens (NFT) or crypto staking. Kraken exchange offers 24/7 customer support and educational tools for newcomers.

How Does Kraken Exchange Work?

Buying and selling on Kraken exchange are easy. It operates on blockchain technology and has a simple trading platform ideal for beginner or advanced trading.

Start by creating your free account online or through the mobile app. Connect Kraken to your bank account and start browsing to buy crypto.

You can make money by selling your crypto or NFTs or staking with Kraken. Kraken exchange earns its revenue by taking a small percentage as trading or transaction fees each time users buy and sell.

Kraken Products & Features

A Kraken trading account offers you many choices:

Kraken Pro

Kraken Pro allows you to trade cryptocurrencies for lower fees based on volume. It’s free to sign up, and you can streamline your crypto trading in one place.

Kraken Pro gives you access to useful resources for the smoothest experience. The customizable interface is perfect for keeping control of your crypto trading.

You can track your performance over time and check live market data.

30-Day Volume (USD)Maker Fee (%)Taker Fee (%)
0-50,0000.160.26
50,001-100,0000.140.24
100,001-250,0000.120.22
250,001-500,0000.100.20
500,001-1,000,0000.080.18
1,000,001-2,500,0000.060.16
2,500,001-5,000,0000.040.14
5,000,001-10,000,0000.020.12
10,000,000+0.000.10

Best for: Kraken Pro is best for experienced traders wanting low fees and advanced features.

Kraken NFT Marketplace

Kraken NFT allows users to buy and sell NFTs such as  art, video game items, and music with zero gas fees or hidden costs.

Make your payments with debit and credit cards, U.S. dollars or cryptocurrencies. Connect your digital Kraken wallet, and you’re ready to start collecting your NFTs.

Transaction FeeCreator EarningsListing, Cancellation & Deposit FeeWithdrawal Fee
2%Varies$00.01 ETH or
0.02 SOL

Best for: Kraken NFTs are best for users interested in low Kraken fees for trading NFTs.

Kraken Staking

Earn interest in your financial products with Kraken Staking. Like Coinbase and Binance, Kraken has great staking options.

Crypto investors can stake cash or crypto in Kraken Staking and earn up to 21% interest annually in staking rewards.

Sign up for Kraken Staking and place your assets in Kraken’s care for a period. Kraken will deposit your earnings in your account twice a week, and you can withdraw funds at any time with zero penalties.

Kraken Staking

Start staking in just a couple of clicks and automatically earn rewards twice a week. Instantly unstake at any time with no penalties.

We earn a commission if you make a trade, at no additional cost to you.

Margin Trading

Margin trading means trading with borrowed money from a brokerage company. This practice helps you gain market volatility and access to a more advanced world of crypto by investing with advanced trading features.

Kraken offers margin trading with customizable interfaces and stable rollover fees.

Kraken Futures

Use your Kraken account to get involved in crypto derivatives trading. Kraken Futures lets users engage in futures trading, which is an agreement to buy or sell a stock later at a fixed price.

This is a great way to diversify your portfolio and take crypto investing to the next level. Use U.S. dollars or tokens such as Bitcoin, Stellar (XLM) and ACH to invest.

Kraken OTC Exchange

The Kraken OTC desk is for advanced clients wanting to trade off the Kraken open exchange. It’s a premium service that includes higher liquidity, personalized customer service and access to competitive trades.

Over-the-counter trading is ideal for investors or financial institutions trading in large volumes. After completing an intake form and having an online chat with a friendly Kraken advisor, you’ll be ready to start trading.

Account Management

Are you an advanced trader ready for next-level investing? Consider signing up for Kraken Account Management, a service for consistent traders with large asset volumes.

Kraken Account Management offers advanced customer support with round-the-clock availability and communication via phone, chat, email or support ticket.

Kraken App

The Kraken mobile app, available on IOS, Android, and other major platforms allows you to get your crypto instantly 24/7 wherever you are.

The app is good for new and advanced users. Browse current crypto values, exchange stablecoins or check out stocks on the app.

Who Should Use Kraken Exchange?

Kraken exchange is for beginner and advanced crypto traders worldwide. Consider using this company if you want an easy user interface, low fees and free Kraken Pro services.

Kraken is one of the oldest crypto companies with experienced staff. Expect a user-friendly experience with Kraken exchange and remember to use the educational tools if you’re new to crypto.

Explore the options like Kraken Pro or Account Management if you’re an advanced or high-net-worth customer.

Kraken Exchange is not for investors wanting to deal with fiat currencies, and its services are not available in New York and Washington.

How Does Kraken Compare?

 
 
4.0
4.5
5.0
$10
$0
$0
0.16%-2% varies by type of transaction
0% - 3.99% varies by type of transaction
1% for cryptocurrency
No current promotions
Sign up and get up to $200 in crypto
Get a $10 bonus when you buy $100 worth of crypto (U.S. only).
4.0
$10
0.16%-2% varies by type of transaction
No current promotions
4.5
$0
0% - 3.99% varies by type of transaction
Sign up and get up to $200 in crypto
5.0
$0
1% for cryptocurrency
Get a $10 bonus when you buy $100 worth of crypto (U.S. only).

Getting Started with Kraken Crypto

Start trading in five easy steps:

  1. Create a free account.
  2. Connect your bank account or payment method to your Kraken wallet.
  3. Complete the verification methods.
  4. Download the Kraken mobile app.
  5. Start buying, selling and trading cryptocurrencies.

Is Kraken Trustworthy?

Kraken is a U.S.-based crypto exchange with many benefits, including high liquidity and low fees. Like Polkadot and Robinhood, Kraken is susceptible to hacks, but there are cold storage solutions available for your protection.

Kraken Exchange evaluates its comprehensive security methodology on a regular basis. We hope you found this Kraken review of popular products valuable.

It’s time to act and start your account today!

Kraken FAQs

Is Kraken safe and legit?

Yes, but you may consider offline storage such as cold wallets for peace of mind.

Is Kraken customer service any good?

Kraken has top-notch customer service and 24/7 support.

How long does Kraken take to deposit funds?

Kraken deposits your funds instantly.

What crypto can you buy on Kraken?

Kraken offers a treasure trove of cryptocurrencies, including Bitcoin and Ethereum.

Where is Kraken exchange located?

Kraken headquarters are in San Francisco, California.

Kraken

Kraken is more than just a Bitcoin trading platform. Come see why our cryptocurrency exchange is the best place to buy, sell, trade and learn about crypto.

We earn a commission if you make a trade, at no additional cost to you.
Kraken
kraken review

Kraken is a US-based cryptocurrency exchange that allows you to easily buy, sell, and trade crypto. It is a high rated platform based upon it's level of security.

Product Brand: Kraken

Editor's Rating:
4

I'm Donny. I'm a world traveler, investor, entrepreneur, and online marketing aficionado who has a big appetite to compete and disrupt big markets. I thrive on being able to create things that impact change, difficult challenges, and being able to add value in negative situations.

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