Rating
8.7/10
Security
9.6/10
English support
Yes
Bonus
-
About Kraken
Kraken is the oldest fully operational cryptocurrency exchange, founded in San Francisco in 2011. It is known for its impeccable security track record: it has never lost customer funds and publishes annual Proof of Reserves reports through independent auditing firms. It ranks as the second-safest choice after Coinbase. Key tip: always use Kraken Pro. Instant Buy has spreads of around 1.5–2%, while Pro offers standard fees of 0.25%/0.40%, which can fall to as low as 0.00%/0.10% at high trading volumes.
Best for: The oldest operating exchange with an impeccable track record
Key features
- #11 position in the legal exchange ranking
- Security rating 9.6/10
- Website available in English
- Competitive trading fees
- Active discount code
- Centralized exchange (CEX)
Disclaimer: Investing in cryptocurrencies carries the risk of losing capital. The information above is for informational purposes only and does not constitute investment advice.
Exchange details
- Year founded
- 2011
- Headquarters
- USA (San Francisco)
- Fiat currencies
- EUR, USD, GBP, CAD, AUD, JPY, CHF
- Number of cryptocurrencies
- 290+
- Max. leverage
- 5x
- Mobile app
- iOS + Android
Pros
- Operating since 2011, with no customer funds ever lost
- MiFID II license through Kraken Securities and oversight from multiple EU regulators
- Low Kraken Pro fees of 0.25%/0.40%, with volume-based discounts down to 0%
- Support for margin trading, staking, and futures (outside the EU)
Cons
- Simple mode (Instant Buy) has significantly higher spreads than Kraken Pro
- Direct deposits are unavailable in some local currencies, requiring conversion to a supported currency such as EUR
- The mobile app is less polished than those of Binance or Bybit