The fee for standard fiat purchases is 0.9% for stablecoins and 1.5% for all other cryptocurrencies. Kraken recently upgraded its professional trading suite, launching a new trading platform with built-in TradingView charting and a wide range of trading tools. Traders will feel at home with access to hundreds of indicators, overlays, and an intuitive order form for complete control of their trading strategy. Kraken offers staking on several digital assets including Ethereum (4-7%), Cardano (4-6%), Cosmos (12-15%), Kava (23%), Polkadot (9-12%) and more.
After two years of development and beta testing, Kraken officially launched in 2013, initially supporting Bitcoin, Litecoin, and euro trades. The platform quickly expanded its offerings, adding more cryptocurrencies, fiat pairs, and advanced trading features such as margin trading. It became one of the first exchanges listed on Bloomberg Terminals in 2014, helping to establish its reputation for transparency and regulatory compliance. Today, the exchange operates globally, serving millions of users with a wide range of digital asset services. Kraken’s competitive trading fee structure, including low maker-taker fees and a wide range of cryptocurrencies, positions Kraken as a strong contender in the crypto exchange market.
- Configure two-factor authentication (2FA) for withdrawals, trading, and API access.
- These trading bots are available in a variety of formats, including standalone desktop or mobile programs and even web-based solutions for automated trading.
- Kraken exchange does not charge a monthly fee for using its desktop platform, mobile app, or Kraken Pro app.
- However, it’s worth noting that customer service experiences can vary greatly, and negative experiences tend to be more vocalized than positive ones.
- While we strive for accuracy, the content on our Website, including articles, reviews, and opinions, is for informational purposes and may not always be up-to-date or error-free.
- Someone who obtains access to your account without the GSL enabled can disable or alter Two-factor Authentication (2FA) on your account, including the Master Key.
Binance.US
These options are accessible via Kraken’s standard platform or Kraken Pro, which provides enhanced tools like advanced charting, order books, and API access. Kraken also supports multiple fiat currencies, including USD, EUR, GBP, JPY, CAD, AUD, and CHF, making it easy for users worldwide to onboard and trade seamlessly. Kraken is one of the world’s oldest and most reputable crypto exchanges.
Best for Staking Rewards
- Kraken also applies a 3% fee for converting balances that are “less than the minimum order size” via its “convert small balances” feature.
- Finder US is an information service that allows you to compare different products and providers.
- To put this into context, Binance and eToro support 30 and 18 fiat currencies respectively.
- With the increasing popularity of cryptocurrency, so has the demand for trading platforms for this new asset class.
At this point, we’ve discussed all of the major pros and cons of Kraken, as a crypto asset storage alternative. We’ve covered enough information for you to decide whether or not you’d like to use Kraken, and if you’d be able to sleep peacefully at night, knowing that all of your cryptos are stored on this platform. This is the case not only in regards to Kraken’s decisions, but also third-party threats, too.
The Instant Buy option allows for quick purchases of crypto using card or digital wallet payments, making it convenient for beginners. For more experienced traders, Kraken Pro offers advanced order types, detailed charting, and order book data to meet professional trading needs. As our voyage through the depths of Kraken comes to an end, let’s take a moment to reflect on what we’ve discovered. Kraken has proven itself to be a versatile and secure cryptocurrency exchange, offering a broad range of trading pairs and a user-friendly interface. Its commitment to security is reflected in its implementation of measures like two-factor authentication, cold storage, and multi-signature wallets. A reliable platform is a must-have when venturing into cryptocurrency trading.
Kraken offers a beginner-friendly trading platform in addition to Kraken Pro, which is more suitable for advanced traders. Kraken Pro supports charting, trading indicators and margin trading for crypto. As of writing, Bakkt supports 30+ cryptocurrencies, including market cap toppers like Bitcoin, Ethereum, and Solana. If you’re looking for niche meme coins or other altcoins, this platform is not the place to be. Nevertheless, Bakkt’s asset support focuses on well-established assets to ensure compliance with regulatory standards and provide a secure environment for institutional clients. Regarding regulatory standards, it’s worth noting that Kraken was the first cryptocurrency firm awarded a bank charter in Wyoming’s jurisdiction in the United States.
As of 2025, Kraken supports over 200 cryptocurrencies and 700+ trading pairs, covering popular assets like Bitcoin, Ethereum (ETH), Solana (SOL), and emerging Altcoins. This diverse range enables users to build comprehensive portfolios or execute advanced trading strategies across global markets. Like other cryptocurrency exchanges, Kraken uses a maker-taker model which rewards those who add liquidity to the market (makers) and charges slightly more to those who remove liquidity (takers). Wise offers a cost-effective and transparent solution for international money transfers and multi-currency account management in the UK.
To protect your assets, you’ll want to do some research on past hacks and how the firm has remedied those security breaches. You’ll also want to check that measures like multifactor authentication, data encryption and confirmation requests for withdrawals are in place. Alternatively, you can store your crypto in one of the best crypto wallets, separate from the one the exchange offers. Crypto.com is a big name in the crypto space and it’s also one of our top picks for best crypto exchanges for its relatively low trading fees and large selection of coins.
Platform Interface
Nevertheless, exchanges are vulnerable to hacks, and even collapse, so make sure you take precautions and consider an offline hardware wallet for your crypto holdings. While the Instant Buy feature is a great entry point for less-experienced traders, it comes at a cost. Kraken does not and will not work to increase or decrease the price of any particular cryptoasset it makes available. Some crypto products and markets are unregulated, and you may not be protected by government compensation and/or regulatory protection schemes.
Platform Protection
Configure two-factor authentication (2FA) for withdrawals, trading, and API access. It is worth noting these 2FAs, however, will only work if the Global Settings Lock is activated. For that matter, Kraken takes violations of people’s privacy extremely seriously and will take appropriate disciplinary action, which is kraken legit may include firing. Bug bounties are typical security programs that incentivize researchers to disclose any system flaws they uncover, a specialized team of experts tests every possible attack vector. We like that you can stake 22 coins with Binance.US and that you have access to a range of educational resources. It’s readily available across the U.S., and it’s a good fit for those seeking a solid trusted choice among institutional investors with an straightforward platform.
Check out our top list of the Safest Crypto Wallets for more guidance on secure storage. Kraken Futures is a derivatives trading platform offering access to standard and perpetual futures on dozens of cryptocurrencies. The standard futures contracts are settled every quarter, while perpetual contracts are available without expiry. While this gives traders more options to choose from, trading can be difficult as there is no chart showing the recent and current prices. Users will need to switch to the Kraken Pro trading interface to gain access to the full suite of trading tools.
The Kraken exchange also offers an online help center and a wide range of educational resources, making it easy for you to find answers and resolve common issues independently. Kraken fees are fairly straightforward and based on the asset traded, the user’s product/service’s location, and the payment type. Using the Kraken wallet service to store fiat and cryptocurrency coins is free. Kraken users have the additional benefit of being able to stake their favorite coins and fiat currency on the platform to earn rewards.
Bakkt Review: Quick Overview
Kraken has, for a fact, been praised multiple times for being very simple to both register and use – that’s self-evident! Well, at least the registration part – let’s see if it’s true as far as the usability aspect goes, too. In total, Bitcoin currently has three types of wallets – Legacy, SegWit, and Native SegWit (also called bech32). Back in 2017, the mainstream world heard about Bitcoin for the seemingly first time since its inception in 2009.
Beyond that, Bakkt’s commitment to regulatory compliance is a significant advantage for enterprises. Operating in all 50 US states, the platform provides peace of mind that your crypto offerings align with legal requirements across the country. This allows your business to efficiently review and manage complex data, saving valuable time and resources. For starters, Kraken provides access to hundreds of ERC-20 tokens, a significant leap compared to Bakkt’s more modest selection of 30+ coins. Both Bakkt and Kraken excel in security and regulatory compliance, making them solid choices for enterprise-level customers.