Kraken Exchange ReviewCentralized
Kraken was founded on July 2018, 2011 by Jesse Powell, the current CEO of Kraken. Kraken is a cryptocurrency exchange or digital asset exchange based in the United States with operations in Canada, the European Union (EU), Japan and the US. This crypto-asset platform is owned and operated by Payward, Inc. based in San Francisco, California.
A Kraken review reveals that Kraken provides Bitcoin pricing to the Bloomberg Terminal – a computer software system provided by Bloomberg L.P. Furthermore, Kraken seems to serve the crypto space via 70+ active markets and currency pairs, including trading access to 20+ digital assets (or cryptocurrencies). Digital assets available for trading at Kraken include: Bitcoin, Ethereum, XRP, Bitcoin Cash, Litecoin, Tether, EOS, Stellar, BitcoinSV, Tezos, Ethereum Classic, Cardano, Monero, Zcash, Dash, Qtum, etc.
Kraken provides a proof-of-reserves audit process that makes it possible for users of this digital asset exchange to verify that their Kraken account balances are included in Kraken’s audit. Furthermore, a review of Kraken exchange shows that their mission is to help advance the adoption of cryptocurrency by empowering investors and supporting institutions.
History shows that Kraken struggled during most part of 2017, especially during the 2017 crypto bull market, as a result of performance issues and DDoS attacks. It got so bad that Kraken CEO Jesse Powell had to apologize for the site issues in November 2017, while praising Kraken’s impeccable record.
Kraken acquired Crypto Facilities – a leading and regulated crypto exchange and index provider. This enables Kraken to offer Bitcoin futures trading with leveraging of up to 50x on futures orders.
24h Trading Volume23492.506 BTC
Kraken Exchange Review
EUR SEPA Withdrawal (€0.09) – EEA countries only USD Bank Wire Withdrawal ($5 USD) – US only USD Bank Wire Withdrawal ($60 USD) – outside US only EUR Bank Wire Withdrawal (€60) – outside US only JPY Bank withdrawal (¥20) – Japan only CAD EFT Withdrawal ($10 CAD fee, $25K CAD daily max) – Canada only
Kraken Fees Discount
Those who trade more get higher discounts on fees.
Full details here
Kraken Deposit feesEUR SEPA Deposit (Free) - EEA countries only USD Bank Wire Deposit ($5 USD) - US only EUR Bank Wire Deposit (€10) - outside US only USD Bank Wire Deposit ($10 USD) - outside US only JPY Bank deposit (Free, ¥5,000 deposit minimum) - Japan only CAD Wire Deposit (Free)
Kraken Trading fees
Trading – 0.16% Maker, 0.26% Taker
Stablecoin – 0.2%
Dark Pool – 0.36%
Margin Fees – Full list here
Accepted Payment MethodCrypto to Crypto, Crypto to FIAT