Do you know if Kraken is trustworthy and reliable? Do not worry, we will cover everything from supported cryptocurrencies and payment methods to customer support in this review. Let’s have a look!
Kraken At a Glance
| Minimum Trade | 0.0001 BTC |
| Number of Cryptocurrencies | More than 150 |
| Account fees | No deposit and withdrawal fees |
| Mobile App | Mobile app is available |
| Customer Service | 24/7 live Phone and chat support |
| Location | United States |
Kraken: Pros and Cons
| Pros | Cons |
| Secured platform | Not available in all US states |
| Provide great user support | Limited number of funding options |
| Support more countries | Slow verification process on Pro account |
| Large amount of digital assets | |
| Low exchange and transaction fee | |
| Best for crypto staking and margin trading | |
| High liquidity | |
| Extensive educational material |
Kraken Features
Kraken is a full-service exchange offering many features, making it a popular choice among users. Let’s have a look!
Customer Service
Kraken customer support is always available to assist you. They provide support through email, and users can also contact them directly through their chat feature. Moreover, their website has a detailed FAQ page that provides answers to common queries about account related matters, fees and trading.
Mobile App
Kraken has mobile apps that you can use on both Android and iOS devices. These apps are perfect for customers who want to access their accounts easily especially when they are on the move. Kraken offers three different versions of mobile apps for investing, pro trading and future trading.
Security
Kraken is safe and secure platform. It hasn’t been hacked and follows top security measures. 95% of deposits are kept offline, ensuring enough reserves for withdrawals. User information is encrypted and monitored 24/7. Additional security measures include 2FA, secure payments, and email configuration for withdrawals.
Staking
Traders on Kraken can earn 24% annually by staking their crypto. Staking on Kraken gives traders the power to earn massive rewards on their fiat currency and crypto holdings. Traders can also unstack their assets at any point in time without any penalities.
Available Assets on Kraken
Kraken offers more than 160 cryptocurrencies. Here is the list of available cryptocurrencies and coins on Kraken:
- Bitcoin (BTC)
- Ethereum (ETH)
- Tether USD (USDT)
- Ripple (XRP)
- Cardano (ADA)
- Solana (SOL)
- Polkadot (DOT)
- USD Coin (USDC)
- Dogecoin (DOGE)
- Uniswap (UNI)
- Litecoin (LTC)
- Shiba Inu (SHIB)
- Stellar Lumens (XLM)
- DAI (DAI)
- Polygon (MATIC)
- Tron (TRX)
- Avalanche (AVAX)
- Cosmos (ATOM)
- Wrapped Bitcoin (WBTC)
- Chainlink (LINK)
- Ethereum Classic (ETC)
- Monero (XMR)
- Filecoin (FIL)
- Bitcoin Cash (BCH)
- Aptos (APT)
- Lido DAO Token (LIDO)
- Near Protocol (NEAR)
- Quant (QNT)
- Internet Computer (ICP)
- Apecoin (APE)
Kraken Trading Fees
The table below shows the pricing tier for Kraken:
| Pricing Tier | Maker Fee | Taker Fee |
| Less than $50,000 | 0.16% | 0.26% |
| $50,001 to $100,000 | 0.14% | 0.24% |
| $100,001 to $250,000 | 0.12% | 0.22% |
| $250,001 to $500,000 | 0.10% | 0.20% |
| $500,001 to $1,000,000 | 0.08% | 0.18% |
| $1,000,001 to $2,500,000 | 0.06% | 0.16% |
| $2,500,001 to $5,000,000 | 0.04% | 0.14% |
| $5,000,001 to $10,000,000 | 0.02% | 0.12% |
| More than $10,000,000 | 0.00% | 0.1% |
Kraken Funding Methods
| Methods | Buy | Sell | Speed |
| Bank Account (ACH) | ✔ | ✔ | 3-5 business days |
| Credit/Debit Card | ✔ | ❌ | Instant |
| Wire Transfer | ✔ | ✔ | 1-3 business days |
| Cryptocurrency | ✔ | ✔ | Instant |
Reviews Highlights
