20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
Jan.
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
Dec.
Kraken Review 2024
Minimum
deposit:
deposit:
- $1
Trading platform:
- Proprietary platform
Minimum
deposit:
deposit:
- $1
Trading platform:
- Proprietary platform
Trading features:
- All popular cryptocurrencies and stablecoins, 7 fiats, large leverage, solid trading volumes. In addition to cryptocurrencies, there are indices and futures, but no investment programs.
Summary of Kraken Crypto Exchange
Kraken is one of the top cryptocurrency exchanges in the financial market with the TU Overall Score of 8.84 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Kraken clients on our website, Traders Union expert Anton Kharitonov believes he can recommend this company as the majority of reviews prove that the broker’s clients are fully satisfied with the company. Kraken ranks 11 among 173 companies featured in the TU Rating, which is based on the evaluation of 100+ criteria.
Kraken is a universal platform for margin trading in cryptocurrencies, stablecoins, indices, and futures. Large trading volumes and significant leverage, combined with a well-designed and functional interface of the trading terminal, ensure comfortable trading. Low commissions and many channels for deposits and withdrawals of funds make trading profitable here. The crypto exchange is suitable for beginners as it offers a wide range of tutorials.
NOTE!
If you are planning to trade cryptocurrencies, and not just keep your savings in crypto wallets, we recommend that you choose one of the top brokers with reliable regulation and access to trading crypto CFDs. This type of trading will help you avoid holding your cryptocurrency in e-wallets of exchanges, which quite regularly get hacked. Also, availability of leverage will allow you to trade crypto CFDs for amounts much higher than your deposit.
Traders Union experts recommend considering Top 3 companies from our rating:
Editorial Note: While we adhere to strict
Editorial Integrity,
this post may contain references to products from our partners. Here's an explanation for
How We Make Money.
We are unable to verify the validity of reviews and publish all reviews, both positive and negative,
in accordance with the
Users Reviews Policy.
The Kraken exchange is a trading platform for Bitcoin, Ethereum, Tether, Cardano, XRP, other cryptocurrencies, and stablecoins. Fiats are represented by EUR, USD, CAD, CHF, AUD, GBP, and JPY. In addition to margin trading, Kraken has indices and futures trading. The exchange provides traders with x5 leverage for margin trading and x50 for futures. Commission fees are among the lowest on the market - up to 0.26%. The crypto exchange has a proprietary trading terminal for an internet browser, as well as mobile applications for iOS and Android devices. The platform offers an extensive knowledge base, tutorials, and video podcasts with news and analytics. The referral program is the standard single-level model with a yield of 20% of the referral’s commission fees.
| 💰 Account currency: | Cryptocurrencies, currencies |
|---|---|
| 🚀 Minimum deposit: | $1 |
| ⚖️ Leverage: | 1:5 for margin trading, 1:50 for futures |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptocurrencies, currencies |
| 💹 Margin Call / Stop Out: | No |
👍 Advantages of trading with Kraken:
- convenient, intuitive terminal with one-click trading;
- all major cryptocurrencies, as well as seven fiats;
- margin trading, as well as futures and indices trading ;
- large leverage (x5 for margin, x50 for futures trading);
- an extensive database of information and training materials;
- large trading volumes on the exchange provide high liquidity;
- some of the lowest fees in the cryptocurrency market.
👎 Disadvantages of Kraken:
- no investment programs;
- no call center.
Evaluation of the most influential parameters of Kraken
NOTE!
Do not miss a chance to get additional monthly bonuses and payouts for trading at Kraken cryptocurrency exchange.
Enter the referral code when you register on the website or Kraken app.
4eEd4r
*TU may receive partnership reward for registration of the client on the company’s website on a referral link.
Your capital is at risk.
Geographic Distribution of Kraken Traders
Popularity in
46.3%
US
2.7%
CH
2.3%
JP
2.2%
CA
1.4%
DK
1.2%
IN
0.9%
LT
0.9%
MX
0.8%
PR
31.3%
Others
Video Review of Kraken i
User Satisfaction i
230 comments
Total score:
Share your experience
- Best
- Last
- Oldest
Bandula
9 weeks ago
Tuwasdync
1 year ago
HectorMot
1 year ago
meagandehamel1310949
2 years ago
gumig
2 years ago
Rizwanxl
2 years ago
ivolanda
2 years ago
Expert Review of Kraken
The Kraken exchange was founded in 2011, it is headquartered in San Francisco, and has a valid license. The platform is multilingual as it is translated into the main languages of the world. Technical support works 24/7, but there is no call center.
There are several hundred cryptocurrencies and stablecoins on the exchange, as well as seven fiat currencies. This allows you to trade in the areas of crypto-crypto and crypto-fiat without restrictions. The exchange does not impose any limits on traders, except for daily limits for withdrawing funds, but these limits are large (up to 500,000 USD).
Testing of the Kraken exchange’s trading terminal has shown its functional convenience and state of art. Users note the comfort of trading using the exchange’s mobile application. Experts emphasize the high level of security of data and funds, which is ensured by unique encryption protocols.
Testing did not reveal any technical problems because the servers are stable. We can recommend this company for cooperation for both experienced and novice traders. For beginners, it is especially convenient due to its intuitive functions and a large number of free training programs.
Latest Kraken News
28.02.2024
Cryptocurrency exchange Kraken has launched Kraken Institutional, a new division of Kraken, a comprehensive crypto solution that provides institutions
23.02.2024
Cryptocurrency exchange Kraken has filed a motion against the US Securities and Exchange Commission (SEC), citing an earlier case involving Ripple
14.02.2024
Cryptocurrency exchange Kraken, in an effort to comply with UK regulations and requirements, has made it mandatory for UK users to verify self-custody
13.02.2024
Following in the footsteps of Coinbase, which has acted as a Bitcoin custodian for most BTC ETF issuers, Kraken intends to enter the cryptocurrency ETF
01.12.2023
Cryptocurrency exchange Kraken has announced that it is ready to defend itself in court after being charged by the U.S. Securities and Exchange
21.11.2023
On November 20, 2023, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit in the Northern District of California against the
10.11.2023
The Kraken cryptocurrency exchange has helped recover stolen cryptocurrency assets in collaboration with UK law enforcement. These funds were stolen in
07.11.2023
Crypto exchange Kraken has announced that it may enter into a number of partnerships with leading blockchain technology companies to launch its own
28.10.2023
Cryptocurrency exchange Kraken will close access to transactions related to Tether (USDT), DAI, Wrapped Bitcoin (WBTC), Wrapped Ether (WET), and Wrapped
Dynamics of Kraken’s popularity among
Traders Union’s traders, according to 2023 data
Investment Programs, Available Markets and Products of the Broker
The Kraken exchange does not offer programs for investing in cryptocurrencies or fiat funds. This company is focused on active trading and is not suitable for users whose main goal is to generate stable passive income. There is only a typical referral program for passive earnings.
Important!
If you are a large investor and plan on investments over $ 10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Kraken’s affiliate program
The Kraken exchange’s referral program is pretty standard. It is available to all verified users (even with the initial verification level) and allows you to receive passive income from invited traders. The conditions and principles of the program are the following:
After passing the verification in the personal account on the website and in the mobile application you will get access to a personal referral link.
You can post it on any external resources, and distribute it through all available communication channels.
Each user who registers with the crypto exchange, following your referral link, becomes your partner.
The crypto exchange will transfer you 20% of the commission fees they charge on all trading operations of your referral.
The referral program is single-level, that is, you receive income only from the commissions of the users you invited. Users invited by your referrals do not generate income for you. The program has no expiration date, that is, it is valid for as long as your referrals trade on the exchange. There are no restrictions on the number of partners.
Trading Conditions for Kraken Users
The user cannot deposit funds or trade without verification. There are no minimum deposit limits with verification, the user fully controls his financial policy on the exchange, the exception is the upper limit on daily withdrawal of funds. Kraken crypto exchange offers significant leverage which lets you gain a significant trading edge. You can contact the technical support of the company using an offline help system, tickets, and online chat.
$1
Minimum
deposit
1:5
Leverage
24/7
Support
| 💻 Trading platform: | Proprietary platform |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | Cryptocurrencies, currencies |
| 💵 Replenishment / Withdrawal: | Bank cards and accounts, electronic and cryptocurrency wallets, SEPA |
| 🚀 Minimum deposit: | $1 |
| ⚖️ Leverage: | 1:5 for margin trading, 1:50 for futures |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | From 0 |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptocurrencies, currencies |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | N/A |
| ⭐ Trading features: | All popular cryptocurrencies and stablecoins, 7 fiats, large leverage, solid trading volumes. In addition to cryptocurrencies, there are indices and futures, but no investment programs. |
| 🎁 Contests and bonuses: | Bug Bounty program with payments for finding vulnerabilities |
Broker comparison table of trading instruments
| Kraken | Bybit | MEXC | Binance | Lbank | KuCoin | |
| Forex | Yes | No | No | Yes | No | No |
| Metalls | No | No | No | No | No | No |
| Crypto | Yes | Yes | Yes | Yes | Yes | Yes |
| CFD | No | No | No | No | No | No |
| Indexes | Yes | No | No | No | No | No |
| Stock | No | No | No | No | No | No |
| ETF | No | No | No | No | Yes | No |
| Options | No | No | No | No | No | No |
Kraken Commissions & Fees
Information
The Kraken cryptocurrency exchange charges commissions and fees on all transactions by traders. The amount of the fee depends on the trading level, which is determined by the user’s trading volume over the last 30 days. This indicator is recalculated daily.
There are six trading levels. At the lowest - the first level, the maker’s/taker’s commission is 0.20% each. At the highest - the sixth level, the maker’s/taker’s commission is 0.0%. These fees are relevant for all cryptocurrencies and stablecoins.
For users with the highest verification level (Pro), the commissions are different, as is the scale of their calculation. For example, at the first level, the maker’s commission is 0.16%, and the taker’s commission is 0.26%. At the same time, there are nine levels for Pro users, which makes trading more flexible, allowing you to receive profitable commissions on intermediate trading volumes.
There are six trading levels. At the lowest - the first level, the maker’s/taker’s commission is 0.20% each. At the highest - the sixth level, the maker’s/taker’s commission is 0.0%. These fees are relevant for all cryptocurrencies and stablecoins.
For users with the highest verification level (Pro), the commissions are different, as is the scale of their calculation. For example, at the first level, the maker’s commission is 0.16%, and the taker’s commission is 0.26%. At the same time, there are nine levels for Pro users, which makes trading more flexible, allowing you to receive profitable commissions on intermediate trading volumes.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | 0.20% per order | available |
Please note that there are separate opening and rollover commissions for margin trading for each cryptocurrency and currency. There are also commissions for futures and instant buy functions. To compare the conditions for commission fees, the table below shows information for several exchanges.
| Broker | Average commission | Level |
| Kraken | $0.2 | Low |
| Binance | $6 | Medium |
| Bybit | $20 | High |
Contacts
| Foundation date | 2011 |
| Registration address | GPO Box 5218, Sydney, NSW 2001, Australia |
| Official site | https://www.kraken.com/ |
| Contacts |
Email:
support@kraken.com,
|
Disclaimer:
Your capital is at risk. Cryptocurrency trading can be extremely risky. Cryptocurrency trading can lead to large and immediate financial losses. The volatility and unpredictability of the price of cryptocurrency relative to fiat currency may result in significant loss over a short period of time. Transactions in cryptocurrency may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. The nature of cryptocurrency may lead to an increased risk of fraud or cyber attack.
Read also about other cryptocurrency exchanges:
Find out how Kraken stacks up against other brokers.
Articles that may help you
For Beginners
For Beginners
For Beginners
For Beginners
For Beginners
For Beginners
For Beginners
For Beginners
For Beginners
FAQs
Do reviews by traders influence the Kraken rating?
Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about Kraken you need to go to the broker's profile.
How to leave a review about Kraken on the Traders Union website?
To leave a review about Kraken, register on the Traders Union website or you can also leave a review through Facebook.
Is it possible to leave a comment about Kraken on a non-Traders Union client?
Anyone can leave feedback about Kraken on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.
Traders Union Recommends: Choose the Best!
Open an account
Your capital is at risk.
Open an account
Your capital is at risk.
Open an account
Your capital is at risk.