Kraken Review 2025: Is It a Safe Crypto Exchange to Trade?

30 Aug Kraken Review 2025: Is It a Safe Crypto Exchange to Trade?

Investors should tread cautiously with even simple crypto trading on Kraken or any other platform. Though, to play devil’s advocate, they use simplicity to their advantage. Many crypto users shy away from exchanges like Binance and KuCoin as there is too much “noise”, and I get that point as well, so they may see this lack of feature support as a strength, not a weakness. It would also be nice to see them provide users with a more fee-friendly way to purchase crypto with a card.

You might’ve heard about many crypto exchanges operating globally, but the Kraken crypto platform will surely give you a heads-up. This is one of the oldest trading exchanges and just grabbed the 7th spot in CoinMarketCap for spot and derivatives trading. Kraken has truly amazing features with a strong user base of 10 million people, making it more reputable in the crypto industry. In this article, we’ll have a detailed Kraken review and see how it’s one of the best crypto exchanges in the industry. Kraken is a secure, feature-rich platform for cryptocurrency trading.

Using the Kraken wallet service to store fiat and cryptocurrency coins is free. Kraken supports the staking of 17 popular cryptocurrency coins such as Bitcoin, Polkadot, Cosmos, Kava, Ethereum, Tezos and Flow. The staking rewards vary across each coin between 0.25% and 20% per annum. To earn rewards is as simple as purchasing a supported asset and storing it within a Kraken spot wallet. Kraken Futures can be traded as single-collateral or multi-collateral, and the trading interface is similar to the Kraken Pro interface, with advanced charting and trading tools.

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• This transaction is the first step in our vision of an institutional-grade trading platform where any asset can be traded, anytime,” said Arjun Sethi, Kraken’s co-CEO.
• We will also discuss what are trading fees on Kraken, how to open a new account to buy and sell crypto on Kraken, and whether Is Kraken a safe and legit exchange.
• It has a self-custody hardware wallet (aka cold storage) and an NFT marketplace with zero gas fees.
• Earlier, we mentioned that Kraken is one of the safest cryptocurrency exchanges in the market.
• While Kraken is a robust exchange, users have occasionally reported delays in withdrawals, especially during periods of high market activity.

Once they sign up using your link and buy or sell $100 in crypto within 30 days of signing up, you and they will receive $10 in Bitcoin.

• For fiat currency withdrawals, such as USD or EUR, the processing time can range from 0 to 5 business days, with bank transfer withdrawals generally taking longer than other methods.
• Its robust security measures, competitive fees, and transparent operations make it an excellent choice for both novice and professional traders.
• Overall, this is a big improvement over the previous Kraken Pro trading interface, giving traders a much better experience.

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. These security measures do not replace regular security practices and can be combined with them. As with any other cryptocurrency exchange, storing your credentials securely is advisable to prevent unwarranted access to your Kraken account. In addition to the coins available to everyone, some investors on Kraken can have access to margin trading. Instant Buy allows you to buy crypto quickly, but fees are much higher than if you used the Kraken Pro trading platform.

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Falsified reviews are a huge issue online across many platforms. One crypto project that is looking to tackle that issue is Revain. Take a look at our Revain article for more information about that interesting and much-needed crypto project. Kraken traders can also choose up to 5x leverage on the kraken trading review advanced trading screen and select when to start the trade.

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That’s pretty much the difference between both of the platforms. It’s just a simple and pro version of each other with a dedicated user base. These are only the top-level security measures that Kraken has implemented. The exchange touts its security as “industry-leading,” and it’s easy to see why. The license only permits the Kraken bank to hold funds on behalf of customers, but unlike a true banking institution, it will not be offering loans based on those deposits.

Whether you’re using the Kraken mobile app, the Kraken Pro mobile app, or Kraken Pro web experience, you can effortlessly rotate between digital and traditional asset classes. Kraken is more suited for advanced traders due to its low fees and advanced features, while Coinbase is better for beginners due to its simple interface. Kraken’s trading fees are competitive, ranging from 0.16% to 0.26% for spot trading and 0.02% to 0.05% for futures trading. To sum it up, Kraken is most definitely a very suitable platform for all levels of traders. From the academy, Kraken referral program, and debit cards, to the NFT marketplace, you’ll find everything on one platform. Although Kraken ranks 7th among the top exchanges, it doesn’t limit its potential.

Bridging the gap between traditional and digital finance

For more details, please refer to our General Terms and Conditions. Comparing Kraken to Bitpanda, it’s safe to say Kraken is a good choice if you’re an advanced user and looking to diversify your portfolio with different trading options. Additionally, this trading exchange has never been trolled for hacking, theft, etc.

Kraken Fees

However, since U.S. dollars are accepted, U.S.-based users have no cause to worry on that front. Crypto can be purchased directly with a debit card using the “Buy Crypto Widget,” but as outlined in the fees section, this isn’t the most cost-friendly way to go about that. Instead, your best bet is to deposit funds via bank transfer and swap them for your digital asset of choice. Kraken invests heavily in security, safeguarding funds, NFTs, and privacy. They employ a world-class security team who take a risk-based approach to ensuring client assets remain protected at the highest levels.

Kraken is pretty good in deposit and withdrawal methods, supporting multiple methods and fiat currencies, along with crypto deposits and withdrawals. The Kraken cryptocurrency exchange has a decent number of financial products and cryptocurrencies listed, with over 180 available, which is fewer than many of its competitors. They support the major coins like Bitcoin and Ethereum, along with harder-to-find tokens like Yield Guild Games and Star Atlas.

Whether you’re interested in learning about blockchain, crypto basics, or trading, Kraken Academy has got you covered. There are articles, webinars, tutorials, theoretical guides, and so much more to help you out. The Pro version will require an API key to log in, which you can generate through the web interface by visiting the API Key Management page. Using the API key, the user can control what functions are done through the mobile app and which ones are restricted. One distinctive feature amongst the three versions of the Kraken app is their first-time login process.

There is also a demo trading account available for Kraken Futures, allowing users to practice trading with fake money instead of using their own. The Futures platform is fairly basic but allows traders to short crypto on Kraken with low fees and up to 50x leverage. Once an account has been registered and verified, cryptocurrency can be purchased with fiat currency using the exchange. The user interface is straightforward, allowing users to trade or buy crypto instantly, deposit funds into Kraken Earn, or view market prices. Each supported coin is listed with the current price, 24-hour percentage change, and overall market cap.

The safer we can all work together for the benefit of the community, the better we will all be. Penetration testing- Kraken employs an expert team dedicated to testing its systems via different attack vectors to identify any vulnerabilities. Kraken also offers a bug bounty for anyone identifying potential issues with the platform’s security. The charting screen is powered by TradingView, allowing for a massively rich smorgasbord of features and tools, more than enough to suit any style of trader. Kraken Futures trading is only eligible for users in certain jurisdictions.

He started Hedge With Crypto to publish informative guides about Bitcoin and share his experiences with using a variety of crypto exchanges around the world. Kraken Pro uses a taker and maker system with trading fees of 0.16% and 0.26%, respectively. Volume incentives are based on trading activity for all cryptocurrency pairs in the past 30 days. Traders are incentivized to engage with the market with lower trading fees to provide liquidity to the exchange by filling the order book and placing conditional and limit orders (i.e., maker fees). In short, the trading fees are very competitive in the market and a great platform for crypto day traders, particularly in the USA when compared to Coinbase which is another regulated provider. Kraken Pro is designed specifically for seasoned and active traders.

Kraken also allows users to manage cryptocurrency directly with fiat currencies like USD, EUR, and CAD. Needless to say but if you’re a high-volume trader, this platform has a competitive fee structure for you. You’ll be charged a good 0.16% maker and 0.26% taker fee and established traders know it’s not a big deal. If we sum it up, this application is all you need to simplify your trading needs. The exchange application is the gateway to a seamless trading experience.