Kraken Exchange Review

  • 24h Trading Volume

    10256.098 BTC
  • Establish date

  • Headquater

    United States

Kraken Exchange Review

  • Kraken Withdraw

    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 fees

    EUR 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)
  • Fiat Deposit

  • Accepted Payment Method

    Crypto to Crypto, Crypto to FIAT
  • Native Token

  • Margin Trading


Kraken Exchange Score 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.