RESEARCH & ANALYSIS
FOR THE CRYPTO ECONOMY.

Kraken

Kraken Exchange Review

Centralized

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 Volume

    23492.506 BTC
  • Establish date

    2011
  • 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)
  • Kraken Trading fees

    Trading – 0.16% Maker, 0.26% Taker

    Stablecoin – 0.2%

    Dark Pool – 0.36%

    Margin Fees – Full list here

  • Fiat Deposit

    USDEURJP¥CAD
  • Accepted Payment Method

    Crypto to Crypto, Crypto to FIAT
  • Native Token

    Yes
  • Margin Trading

    Yes

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.