RESEARCH & ANALYSIS
FOR THE CRYPTO ECONOMY.

Kraken

Kraken Exchange Review

Centralized

Kraken Exchange Rating Analysis

  • Kraken is the longest-operating crypto exchange, having been founded in 2011 and continued operations to this day, without being hacked or having any major negative events. This track record has made a name for the exchange as one of the most secure places to trade cryptocurrency.

    Although Kraken has great reputation, it is not perfect: it is notorious for experiencing technical issues, failing to provide service for some of its users at times of heavy market volatility due to a sharp increase in site usage, and taking the site down for an upgrade scheduled for two hours, which went on to last 48 hours. These issues, however, were mainly present up and until mid-2017, and Kraken has since focused on improving the site's performance and service uptime.

    Kraken is a very easy-to-use exchange, providing interfaces which cater to new and pro traders alike, and enable them to trade cryptocurrencies against fiat in a fairly easy way - provided they're willing to undergo mild KYC procedures. The exchange does offer higher trading fees than much of the industry, although they do decrease as the user's monthly trading volume goes up, all the way to zero fees, and the exchange is more focused on ""heavier"" users, or ""whales"".

    Kraken does not offer a large amount of cryptocurrencies to trade, namely 20 different coins, but these coins have multiple pairs for each one, mostly BTC, ETH and several fiat pairs, and are very liquid in relation to the rest of the market. They also offer the trading pair USDT/USD. To conclude, Kraken has been tried and tested as a secure place to store cryptocurrencies (provided they must be on a centralized platform) and trade them. We believe Kraken is very fitting and attractive to a certain type of trader which looks for high liquidity and platform security, but might not be for every investor, which sometimes does not care about fiat trading and simply wants to trade more ""exotic"" coins.

    Kraken Exchange Review, Trading Fees, Deposit and Markets

    • 24h Trading Volume

      13,630.077 BTC

      • Kraken Total Trading Pairs

        127

        • Kraken Margin Trading

          Yes

          • Kraken Deposit fees

            EUR SEPA Deposit (Free) - EEA countries only, USD Bank Wire Deposit ($5 USD) - US only

            • Kraken Trading fees

              Trading - 0.16% Maker, 0.26% Taker Stablecoin - 0.2% Dark Pool - 0.36% Margin Fees - Full list here

              • Kraken Fiat Deposit

                Yes

                • Accepted Payment Method

                  Crypto to Crypto, Crypto to FIAT

                  • Kraken Native token

                    No

                    • Native token smart contract

                      N/A

                      • Kraken Trading Markets
                        • Kraken Stablecoins trading

                          Kraken Markets Data

                          Market Price Volume(24h) Change(24h) Last update
                          ADA/BTC Ƀ 0.00000460 ADA 1,908,180.7

                          Ƀ 8.0e-8

                          1.77%

                          2020-01-10 02:36:42
                          ADA/CAD CAD 0.05314 ADA 2,088.52

                          CAD -0.0013

                          -2.40%

                          2019-11-30 18:55:03
                          ADA/ETH Ξ 0.0002629 ADA 1,112,266.4

                          Ξ 0.0000052

                          2.02%

                          2020-01-10 01:43:14
                          ADA/EUR € 0.03242 ADA 3,024,346.7

                          € -0.00031

                          -0.94%

                          2020-01-10 02:05:07
                          ADA/USD $ 0.03585 ADA 2,873,456.2

                          $ -0.00043

                          -1.17%

                          2020-01-10 02:40:59
                          ATOM/BTC Ƀ 0.0005568 ATOM 28,310.6

                          Ƀ 0.000051

                          10.15%

                          2020-01-10 02:39:25
                          ATOM/CAD CAD 5.14 ATOM 13.50

                          CAD -0.22

                          -4.05%

                          2019-11-30 20:54:56
                          ATOM/ETH Ξ 0.03184 ATOM 1,584.01

                          Ξ 0.0033

                          11.39%

                          2020-01-10 02:29:56
                          ATOM/EUR € 3.91 ATOM 60,688.4

                          € 0.29

                          8.04%

                          2020-01-10 02:36:31
                          ATOM/USD $ 4.33 ATOM 61,054.4

                          $ 0.30

                          7.45%

                          2020-01-10 02:39:47
                          BAT/BTC Ƀ 0.00002352 BAT 67,021.8

                          Ƀ 5.6e-7

                          2.44%

                          2020-01-10 02:34:48
                          BAT/ETH Ξ 0.001347 BAT 2,255.09

                          Ξ 0.000042

                          3.23%

                          2020-01-09 23:03:21
                          BAT/EUR € 0.1651 BAT 155,465.4

                          € -0.00056

                          -0.34%

                          2020-01-10 01:11:02
                          BAT/USD $ 0.1833 BAT 100,388.4

                          $ -0.00077

                          -0.42%

                          2020-01-10 01:54:04
                          BCH/BTC Ƀ 0.03037 BCH 188.30

                          Ƀ 0.00021

                          0.70%

                          2020-01-10 02:27:01
                          BCH/EUR € 214.20 BCH 2,260.67

                          € -2.10

                          -0.97%

                          2020-01-10 02:41:59
                          BCH/USD $ 237.80 BCH 3,503.63

                          $ -1.90

                          -0.79%

                          2020-01-10 02:33:28
                          BTC/CAD CAD 10,133.1 Ƀ 117.52

                          CAD -283.60

                          -2.72%

                          2020-01-10 02:17:28
                          BTC/CHF CHF 7,748.00 Ƀ 14.71

                          CHF -152.50

                          -1.93%

                          2020-01-10 00:34:05
                          BTC/DAI DAI 7,802.30 Ƀ 0.4841

                          DAI -168.00

                          -2.11%

                          2020-01-09 21:59:08
                          BTC/EUR € 7,031.80 Ƀ 8,931.60

                          € -151.90

                          -2.11%

                          2020-01-10 02:42:19
                          BTC/GBP £ 6,006.90 Ƀ 58.71

                          £ -203.50

                          -3.28%

                          2020-01-10 00:55:37
                          BTC/JPY ¥ 868,857.0 Ƀ 0.6901

                          ¥ -6,096.00

                          -0.70%

                          2020-01-09 16:03:34
                          BTC/USD $ 7,800.00 Ƀ 11,079.7

                          $ -178.10

                          -2.23%

                          2020-01-10 02:42:41
                          BTC/USDT ₮ 7,836.60 Ƀ 14.73

                          ₮ -178.40

                          -2.23%

                          2020-01-10 02:11:45
                          DAI/EUR € 0.9012 DAI 58,703.6

                          € 0.000070

                          0.01%

                          2020-01-10 00:56:17
                          DAI/USD $ 1.00 DAI 128,005.1

                          $ -0.0044

                          -0.44%

                          2020-01-10 01:17:47
                          DAI/USDT ₮ 1.00 DAI 57,235.8

                          ₮ 0.000010

                          0.00%

                          2020-01-10 01:17:47
                          DASH/BTC Ƀ 0.006450 DASH 654.00

                          Ƀ -0.00015

                          -2.27%

                          2020-01-10 02:18:47
                          DASH/EUR € 45.46 DASH 829.84

                          € -2.01

                          -4.23%

                          2020-01-10 02:15:33
                          DASH/USD $ 50.29 DASH 1,257.69

                          $ -2.47

                          -4.68%

                          2020-01-10 02:18:47
                          DOGE/BTC Ƀ 0.00000028 DOGE 56,396,967.6

                          Ƀ 1.0e-8

                          3.70%

                          2020-01-10 01:03:56
                          EOS/BTC Ƀ 0.0003500 EOS 3,718.57

                          Ƀ 0.0000027

                          0.78%

                          2020-01-10 01:02:20
                          EOS/ETH Ξ 0.02000 EOS 30,229.4

                          Ξ 0.00020

                          1.01%

                          2020-01-10 00:45:57
                          EOS/EUR € 2.46 EOS 32,563.8

                          € -0.029

                          -1.15%

                          2020-01-10 02:12:36
                          EOS/USD $ 2.73 EOS 66,001.3

                          $ -0.065

                          -2.34%

                          2020-01-10 02:06:36
                          ETC/BTC Ƀ 0.0006530 ETC 9,858.05

                          Ƀ 0.000015

                          2.35%

                          2020-01-10 02:15:04
                          ETC/ETH Ξ 0.03720 ETC 1,105.00

                          Ξ 0.00090

                          2.49%

                          2020-01-10 01:41:20
                          ETC/EUR € 4.59 ETC 33,871.8

                          € -0.0090

                          -0.20%

                          2020-01-10 02:30:01
                          ETC/USD $ 5.10 ETC 29,098.9

                          $ -0.0050

                          -0.10%

                          2020-01-10 02:32:51
                          ETH/BTC Ƀ 0.01751 Ξ 9,584.93

                          Ƀ -0.000070

                          -0.40%

                          2020-01-10 02:41:27
                          ETH/CAD CAD 178.06 Ξ 214.79

                          CAD -5.62

                          -3.06%

                          2020-01-10 01:11:33
                          ETH/CHF CHF 136.24 Ξ 133.46

                          CHF -1.98

                          -1.43%

                          2020-01-10 01:35:27
                          ETH/DAI DAI 149.31 Ξ 7.45

                          DAI -3.39

                          -2.22%

                          2019-11-30 20:27:32
                          ETH/EUR € 123.34 Ξ 59,749.9

                          € -2.99

                          -2.37%

                          2020-01-10 02:39:25
                          ETH/GBP £ 107.50 Ξ 123.17

                          £ -1.83

                          -1.67%

                          2020-01-09 22:56:08
                          ETH/JPY ¥ 14,933.0 Ξ 11.65

                          ¥ -431.00

                          -2.81%

                          2020-01-09 16:21:31
                          ETH/MCD MCD 137.25 Ξ 52.64

                          MCD -3.25

                          -2.31%

                          2020-01-09 21:39:46
                          ETH/USD $ 136.72 Ξ 65,694.3

                          $ -3.70

                          -2.63%

                          2020-01-10 02:41:08
                          ETH/USDT ₮ 137.61 Ξ 67.43

                          ₮ -3.81

                          -2.69%

                          2020-01-10 01:20:27
                          ETH/XBT XBT 0.01751 Ξ 9,584.93

                          XBT -0.000070

                          -0.40%

                          2020-01-10 02:41:27
                          GNO/BTC Ƀ 0.001430 GNO 1,175.86

                          Ƀ 0.000020

                          1.42%

                          2020-01-10 02:14:46
                          GNO/ETH Ξ 0.08050 GNO 974.66

                          Ξ 0.0

                          0.00%

                          2020-01-09 23:49:27
                          GNO/EUR € 10.04 GNO 890.76

                          € -0.12

                          -1.18%

                          2020-01-10 02:23:06
                          GNO/USD $ 11.16 GNO 1,288.20

                          $ -0.15

                          -1.33%

                          2020-01-10 01:27:53
                          ICX/BTC Ƀ 0.00001510 ICX 82,606.3

                          Ƀ 4.3e-7

                          2.93%

                          2020-01-10 02:37:47
                          ICX/ETH Ξ 0.0008581 ICX 9,951.98

                          Ξ 0.000030

                          3.65%

                          2020-01-09 23:28:24
                          ICX/EUR € 0.1053 ICX 98,714.1

                          € -0.00060

                          -0.57%

                          2020-01-09 22:10:25
                          ICX/USD $ 0.1158 ICX 100,228.8

                          $ -0.00080

                          -0.69%

                          2020-01-09 21:06:57
                          LINK/BTC Ƀ 0.0002830 LINK 27,046.2

                          Ƀ 0.000014

                          5.01%

                          2020-01-10 02:28:04
                          LINK/ETH Ξ 0.01615 LINK 5,556.21

                          Ξ 0.00099

                          6.55%

                          2020-01-10 01:58:47
                          LINK/EUR € 1.98 LINK 58,278.7

                          € 0.040

                          2.08%

                          2020-01-10 01:58:42
                          LINK/USD $ 2.21 LINK 31,056.6

                          $ 0.057

                          2.63%

                          2020-01-10 02:19:51
                          LSK/BTC Ƀ 0.00008276 LSK 99,800.9

                          Ƀ 0.000013

                          18.54%

                          2020-01-10 02:36:48
                          LSK/ETH Ξ 0.004823 LSK 17,363.6

                          Ξ 0.00089

                          22.69%

                          2020-01-10 01:32:45
                          LSK/EUR € 0.5974 LSK 68,423.2

                          € 0.090

                          17.75%

                          2020-01-10 00:52:56
                          LSK/USD $ 0.6750 LSK 35,816.1

                          $ 0.12

                          20.89%

                          2020-01-10 01:07:55
                          LTC/BTC Ƀ 0.005712 Ł 3,212.00

                          Ƀ 0.000019

                          0.33%

                          2020-01-10 02:33:14
                          LTC/EUR € 40.21 Ł 19,488.9

                          € -0.69

                          -1.69%

                          2020-01-10 01:47:10
                          LTC/USD $ 44.60 Ł 28,281.6

                          $ -0.78

                          -1.72%

                          2020-01-10 02:42:06
                          MLN/BTC Ƀ 0.0004200 MLN 1,504.66

                          Ƀ 0.000010

                          2.44%

                          2020-01-10 01:19:00
                          MLN/ETH Ξ 0.02389 MLN 177,060.1

                          Ξ 0.0013

                          5.52%

                          2020-01-10 02:42:23
                          MLN/EUR € 2.93 MLN 1,645.08

                          € -0.014

                          -0.48%

                          2020-01-10 02:16:44
                          MLN/USD $ 3.27 MLN 244.69

                          $ 0.068

                          2.13%

                          2020-01-09 21:33:45
                          NANO/BTC Ƀ 0.00007863 NANO 15,629.9

                          Ƀ 0.0000012

                          1.49%

                          2020-01-10 02:23:14
                          NANO/ETH Ξ 0.004507 NANO 1,369.58

                          Ξ 0.0000086

                          0.19%

                          2020-01-10 00:04:06
                          NANO/EUR € 0.5550 NANO 15,924.6

                          € -0.0060

                          -1.07%

                          2020-01-10 02:23:14
                          NANO/USD $ 0.6207 NANO 8,529.27

                          $ 0.000014

                          0.00%

                          2020-01-10 00:12:39
                          OMG/BTC Ƀ 0.00008137 OMG 1,728.86

                          Ƀ -8.4e-7

                          -1.02%

                          2020-01-09 20:51:26
                          OMG/ETH Ξ 0.004714 OMG 677.34

                          Ξ 0.000063

                          1.36%

                          2020-01-09 18:45:41
                          OMG/EUR € 0.5774 OMG 2,190.86

                          € -0.0059

                          -1.01%

                          2020-01-09 23:30:37
                          OMG/USD $ 0.6310 OMG 4,863.42

                          $ -0.029

                          -4.32%

                          2020-01-09 21:37:39
                          PAXG/BTC Ƀ 0.1977 PAXG 5.77

                          Ƀ -0.0021

                          -1.03%

                          2020-01-09 23:47:27
                          PAXG/ETH Ξ 11.50 PAXG 0.03575

                          Ξ 0.25

                          2.20%

                          2020-01-09 13:35:13
                          PAXG/EUR € 1,396.68 PAXG 35.28

                          € -10.62

                          -0.75%

                          2020-01-10 01:11:44
                          PAXG/USD $ 1,547.24 PAXG 33.65

                          $ -27.76

                          -1.76%

                          2020-01-10 01:11:13
                          QTUM/BTC Ƀ 0.0002096 QTUM 7,917.06

                          Ƀ 4.0e-7

                          0.19%

                          2020-01-10 02:13:11
                          QTUM/CAD CAD 2.37 QTUM 0.1309

                          CAD -0.14

                          -5.46%

                          2019-11-30 21:28:52
                          QTUM/ETH Ξ 0.01203 QTUM 105.17

                          Ξ 0.00015

                          1.26%

                          2020-01-09 16:21:30
                          QTUM/EUR € 1.47 QTUM 6,385.62

                          € -0.029

                          -1.96%

                          2020-01-10 01:12:38
                          QTUM/USD $ 1.64 QTUM 7,970.10

                          $ -0.033

                          -1.98%

                          2020-01-10 01:03:57
                          REP/BTC Ƀ 0.001187 REP 592.87

                          Ƀ 0.0000050

                          0.42%

                          2020-01-10 01:12:36
                          REP/ETH Ξ 0.06751 REP 463.10

                          Ξ -0.00075

                          -1.10%

                          2020-01-10 00:41:26
                          REP/EUR € 8.35 REP 6,756.33

                          € -0.24

                          -2.76%

                          2020-01-10 02:05:28
                          REP/USD $ 9.37 REP 4,748.25

                          $ -0.14

                          -1.47%

                          2020-01-10 01:12:36
                          SC/BTC Ƀ 0.00000018 SC 1,059,489.9

                          Ƀ 1.2e-9

                          0.68%

                          2020-01-09 21:06:57
                          SC/ETH Ξ 0.00001029 SC 6,306,487.4

                          Ξ 2.0e-7

                          1.98%

                          2020-01-09 20:51:35
                          SC/EUR € 0.001270 SC 7,919,703.2

                          € 0.000010

                          0.79%

                          2020-01-10 02:02:08
                          SC/USD $ 0.001380 SC 5,215,442.0

                          $ -0.000050

                          -3.50%

                          2020-01-09 19:31:11
                          USDT/CAD CAD 1.30 ₮ 15,255.7

                          CAD -0.00010

                          -0.01%

                          2020-01-10 01:54:59
                          USDT/EUR € 0.9004 ₮ 545,150.1

                          € 0.0022

                          0.24%

                          2020-01-10 02:30:38
                          USDT/GBP £ 0.7703 ₮ 9,439.03

                          £ -0.0050

                          -0.64%

                          2020-01-10 00:55:37
                          USDT/USD $ 0.9989 ₮ 2,813,773.5

                          $ -0.00040

                          -0.04%

                          2020-01-10 02:39:55
                          WAVES/ETH Ξ 0.006002 WAVES 5,154.00

                          Ξ -0.000077

                          -1.27%

                          2020-01-10 02:41:09
                          WAVES/EUR € 0.7399 WAVES 36,069.0

                          € -0.025

                          -3.27%

                          2020-01-10 01:17:03
                          WAVES/USD $ 0.8226 WAVES 38,243.2

                          $ -0.029

                          -3.36%

                          2020-01-10 02:41:09
                          WAVES/XBT XBT 0.0001044 WAVES 23,902.4

                          XBT -0.0000025

                          -2.35%

                          2020-01-10 00:20:31
                          XLM/BTC Ƀ 0.00000590 XLM 1,093,355.4

                          Ƀ -5.0e-8

                          -0.84%

                          2020-01-10 02:37:03
                          XLM/EUR € 0.04170 XLM 7,952,783.6

                          € -0.0013

                          -3.06%

                          2020-01-10 02:36:19
                          XLM/USD $ 0.04621 XLM 1,705,381.2

                          $ -0.0013

                          -2.83%

                          2020-01-10 02:39:57
                          XMR/BTC Ƀ 0.007500 XMR 5,512.01

                          Ƀ 0.00027

                          3.69%

                          2020-01-10 02:34:23
                          XMR/EUR € 52.70 XMR 8,676.19

                          € 0.64

                          1.23%

                          2020-01-10 02:06:32
                          XMR/USD $ 58.46 XMR 11,385.9

                          $ 0.76

                          1.32%

                          2020-01-10 02:34:23
                          XRP/BTC Ƀ 0.00002582 XRP 1,719,372.2

                          Ƀ -1.8e-7

                          -0.69%

                          2020-01-10 02:07:10
                          XRP/CAD CAD 0.2650 XRP 111,070.8

                          CAD -0.0064

                          -2.37%

                          2020-01-10 01:07:42
                          XRP/EUR € 0.1821 XRP 11,288,527.6

                          € -0.0048

                          -2.58%

                          2020-01-10 02:36:58
                          XRP/JPY ¥ 22.59 XRP 372.19

                          ¥ 0.10

                          0.46%

                          2020-01-09 15:26:45
                          XRP/USD $ 0.2017 XRP 15,465,578.3

                          $ -0.0056

                          -2.71%

                          2020-01-10 02:37:56
                          XTZ/BTC Ƀ 0.0001640 XTZ 2,505,198.2

                          Ƀ -0.0000055

                          -3.24%

                          2020-01-10 02:09:22
                          XTZ/CAD CAD 1.76 XTZ 8,405.62

                          CAD 0.018

                          1.00%

                          2019-11-30 23:36:26
                          XTZ/ETH Ξ 0.009448 XTZ 44,291.2

                          Ξ -0.00018

                          -1.82%

                          2020-01-10 01:53:09
                          XTZ/EUR € 1.16 XTZ 568,041.5

                          € -0.058

                          -4.75%

                          2020-01-10 01:58:23
                          XTZ/USD $ 1.29 XTZ 594,697.2

                          $ -0.063

                          -4.62%

                          2020-01-10 02:40:40
                          ZEC/BTC Ƀ 0.003940 ZEC 1,808.27

                          Ƀ 0.000080

                          2.07%

                          2020-01-10 01:15:12
                          ZEC/EUR € 27.71 ZEC 5,233.64

                          € -0.0070

                          -0.03%

                          2020-01-10 02:06:37
                          ZEC/JPY ¥ 3,063.79 ZEC 0

                          ¥ 0.0

                          0.00%

                          2019-11-27 11:35:40
                          ZEC/USD $ 30.74 ZEC 5,442.99

                          $ -0.070

                          -0.23%

                          2020-01-10 02:40:35

                          Kraken Withdrawals

                          • Daily Withdrawal Limit

                            Depending on asset, verification level and residency.

                            • Kraken Withdraw fees

                              EUR SEPA Withdrawal (€0.09) EEA countries only USD Bank Wire Withdrawal ($5 USD) US only USD Bank Wire Withdrawal ($35 USD+0.125%) - worldwide (only flat $5 USD if withdrawing $50,000 USD+)

                              • Kraken Withdraw fees discount

                                Tier discount. Full details here.

                                • Proof of Reserves

                                  N/A

                                  Kraken Overview

                                  • 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.Though its problems in the past may concern some users, the exchange closed down for a month in January 2018 to update its servers and fix the issues. This shows that Kraken takes any and all issues and complaints very seriously.
                                    Kraken features many unique and exciting functions, such as its “Dark Pool”, futures trading and its use of Kraken API. The Kraken Dark Pool is a feature where traders can conduct trades that are not visible publicly in order books. This allows for a little bit more anonymity than other exchanges.

                                    Kraken is very user-friendly as it is an entry-level exchange. New cryptocurrency investors can start trading here with ease, as fiat currencies are supported. The fiat currencies available on the platform are USD, JPY, CAD, GBP, and EUR. Euro has the largest trading volume on the platform. Though the cryptocurrencies available on the exchange are not necessarily impressive, the most popular ones are available on the platform. These include BTC, BCH, ETH, DASH, LTC, XRP, etc.

                                    The exchange charges different fees for takers and makers. It is known for its relatively low trading fees, which vary between 0% and 0.26%. Takers are generally charged 0.26%, while makers’ fee is 0.16%, though these fees become lower and lower as users’ trading volumes go higher. Maker fees can go as low as 0%, while takers’ can go down to 0.10%. These fees aren’t necessarily very low, as the global industry average is 0.25%. However, it does provide Kraken with significant market appeal.

                                    As Kraken’s story started with CEO Jesse Powell’s aim to create a safer cryptocurrency exchange after seeing the hacking of Mt. Gox, the platform takes security very seriously. Funds are stored offline and the commonly used two-factor authentication system is used. Additionally, the system that is used on the platform enables staff members to only be able to access users’ accounts for data verification and nothing else. The exchange has not suffered from any issues concerning its security, which is most definitely comforting for its users. This is especially impressive when considering the fact that the exchange is one of the very first ones to be established.

                                    One of the disadvantages of Kraken’s security system is that anonymous trading is not allowed. All accounts are verified before they can start trading for maximum security. Accounts and their verifications processes are divided into three: Starter, Intermediate, Pro. Their respective features are explained in detail on their website.

                                    Kraken Exchange KYC and AML

                                    • Kraken Exchange KYC and AML

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                                      • Kraken AML policy

                                        AML Policylink

                                        Kraken Exchange Additional Information