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Kraken Review

4.5/5 Rating Founded: 2011 HQ: San Francisco, USA
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Overview

Kraken is one of the oldest and most respected cryptocurrency exchanges, founded in 2011. Known for its rock-solid security (never been hacked), competitive fees on Kraken Pro, and excellent staking rewards.

Pros

  • One of the oldest and most trusted exchanges
  • Strong security track record (never hacked)
  • Excellent for spot and margin trading
  • Kraken Pro for advanced traders
  • Good staking rewards

Cons

  • Higher fees on basic interface
  • No credit/debit card deposits
  • Fewer coins than Asian competitors

Trading Fees

Fee Type Rate
Maker Fee (Spot) 0.16%
Taker Fee (Spot) 0.26%
Deposit Fees Varies by method (Bank transfers usually free)

*Fees may be lower for high-volume traders or when paying with native tokens.

Key Features

  • 🪙
    200+ Coins Supported Assets
  • 📈
    5x Leverage Max Leverage
  • 💳
    3 Methods Deposit Options
  • 🛡️
    High Security Proof of Reserves

Frequently Asked Questions

Is Kraken safe?

Yes, Kraken is considered a safe platform with a rating of 4.5/5. It employs industry-standard security measures like cold storage and 2FA. However, always enable all security features on your account.

Can I use Kraken in the US?

Yes, this exchange is fully licensed and available in the United States.

4.5 /5

Overall Rating

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Quick Facts

Founded 2011
HQ San Francisco, USA
Mobile App Yes (iOS/Android)