Kraken
A long-running spot and derivatives venue aimed at people who trade actively.
9.4out of 10
- Trading fees
- From 0.16%
- Cost per €500
- €2.05
- Supported assets
- 300+
- Regulation
- MiCA (Ireland)
- Security
- 9.6
- Founded
- 2011
- Headquarters
- San Francisco, United States
About Kraken
A venue built around an order book rather than a buy button, with a professional terminal, futures and staking alongside ordinary spot trading.
Demo text: this paragraph is placeholder copy and describes nothing that has been verified.
Fees
- Spot maker
- 0.16%
- Spot taker
- 0.26%
- Futures maker
- 0.02%
- Futures taker
- 0.05%
- Instant buy
- 1.5% on the simple buy screen
- Withdrawals
- Network fee, varies by asset
- Bitcoin withdrawal
- €1.14
- Deposits
- Free by SEPA
- Transparent pricing
- Conditional — trading fees published, instant-buy spread is not
- Notes
- Fees fall with 30-day volume.
Assets
- Cryptocurrencies
- 300+
- Trading pairs
- 800+
Regulation
- MiCA
- Licensed in Ireland
- Licences
- MiCA (Ireland), FinCEN MSB (US)
- Regulators
- Central Bank of Ireland
- Available in
- Most of Europe and the United States
- Restricted
- A short list of sanctioned jurisdictions
- KYC
- Required before trading
Security
- Proof of reserves
- Published, audited
- Cold storage
- Majority of client assets
- Two-factor
- App, hardware key
- Insurance
- Partial, on hot wallet balances
- Track record
- No loss of client funds reported
Trading
- Available
- Spot, Futures, Margin, Staking, OTC
- Staking
- Yes, on a dozen assets
- Savings plan
- Yes
Payments
- Methods
- SEPA, Bank transfer, Card
- Minimum deposit
- €10
Provider
- Company
- Payward, Inc.
- Country
- United States
- Identity check
- Photo ID
Platform
- Apps
- Web, iOS, Android, Desktop
- Languages
- English, German, Spanish, French
- Support
- 24/7 chat and email
Pros and cons
Pros
- Deep order books on major pairs
- Strong security record
- Futures and spot on one account
Cons
- The simple buy screen is expensive
- Interface is a lot for a first-timer
