Kraken is one of the oldest and most secure cryptocurrency exchanges. In this comprehensive review, we'll cover everything you need to know about trading on Kraken.
Pros and Cons
✓ Pros
- Industry-leading security
- Never been hacked
- Excellent staking rewards
✗ Cons
- Fewer coins than some competitors
- Interface can be intimidating
Overview
Kraken was founded in 2011 and has built a reputation for security and reliability. The platform offers 200 cryptocurrencies for trading with spot trading, margin trading, futures, and staking.
Fees
Kraken charges tiered fees based on 30-day trading volume. Maker fees start at 0.16% and taker fees at 0.26%. Fees decrease significantly with volume.
Security
Kraken has never been hacked in its 13+ year history. The exchange uses cold storage, encrypted databases, and rigorous internal security.
Supported Cryptocurrencies
Kraken supports over 200 cryptocurrencies including all major coins like Bitcoin, Ethereum, and Solana, as well as a wide selection of altcoins.
User Experience
The Kraken platform offers professional trading interface with good mobile apps. Mobile apps are available for both iOS and Android.
Customer Support
Kraken provides 24/7 live chat and phone support.
Who Should Use Kraken?
Kraken is best suited for security-conscious traders and those seeking reliable staking rewards.
Final Verdict
Kraken offers the best balance of security, features, and fees for serious traders who value reliability.