Kraken Exchange

Kraken is a cryptocurrency exchange that launched in the United States, San Francisco in 2013. It was co-founded by Jesse Powell, who still serves as the Kraken CEO. The Kraken exchange lists more than 180 different cryptocurrencies, ranging from major crypto assets like Bitcoin and Ethereum to low market cap altcoins.

Kraken – which ranks third on our list of best crypto exchanges – is available to traders globally, apart from some restricted jurisdictions. However, the services offered by Kraken will depend on the jurisdiction where the specific user lives.

The Kraken crypto exchange is suitable for both novice crypto investors and advanced traders. Kraken’s leveraged trading features are offered through margin trading and Kraken Futures, a dedicated derivatives exchange that offers futures trading through perpetual contracts and standard futures contracts.

When it comes to Kraken trading fees, the exchange has a volume-based fee schedule where trading fees get lower as users generate more trading volume. The fee structure is split into maker fees and taker fees. Kraken’s fees are generally competitive with the rest of the crypto exchange industry.

Beyond trading, the Kraken exchange also provides useful cryptocurrency services like staking and parachain slot auctions. Users can choose to stake their cryptocurrency through Kraken, and receive staking rewards into their accounts (minus fees). Users interested in the Polkadot and Kusama ecosystems can back their favorite projects and participate in parachain auctions through Kraken.

The Kraken crypto exchange also has a pair of mobile apps—Kraken and Kraken Pro. These apps allow users to buy and sell cryptocurrency for fiat currency, or trade between different digital assets.

Kraken has a good reputation in the cryptocurrency community as a safe exchange. Even though it has been operating since 2013, the exchange’s cryptocurrency wallets have never suffered a security breach. Users also have access to 2-factor authentication to provide additional security to their Kraken accounts.

You can find up-to-date information on Kraken’s trading volume, listed cryptocurrencies, trading pairs and more on CoinCodex.

Is Kraken safe?

We currently label Kraken as a trusted exchange, which means that it satisfies the criteria we have selected for trusted exchanges. Trusted exchanges are more established in the industry and usually have stronger security practices. The “Trusted Exchange” tag is for informative purposes only and does not represent an endorsement from CoinCodex.

How do you put money in Kraken?

You can fund your account on Kraken by depositing cryptocurrency. Alternatively, you can also deposit fiat currency to Kraken via a bank transfer.

Can you deposit fiat on Kraken?

Yes, you can deposit fiat on Kraken. The exchange supports the US Dollar, Euro, British Pound Sterling, Australian Dollar, Swiss Franc, Canadian Dollar, and Japanese Yen. This makes Kraken a suitable option if you don't own any cryptocurrency yet. You can deposit fiat currency on Kraken and buy your first cryptocurrency.

Can you buy crypto on Kraken with credit card?

Currently, you can’t buy crypto with a credit card on Kraken. If you're looking to buy cryptocurrency with a credit card, you can check out our list of the top exchanges that allow you to buy crypto with a credit card.

Can I trade with USDT stablecoin on Kraken?

Yes, you can trade with the USDT stablecoin on Kraken across 30 trading pairs. In the last 24 hours, Kraken handled $ 133.77M worth of USDT trading volume.

Does Kraken have a mobile app?

Yes, Kraken has a mobile app. The exchange’s app is available for Android and iOS. A mobile app will allow you to check the performance your holdings on the exchange and trade cryptocurrencies on the go.

Is Kraken a centralized or decentralized exchange?

Kraken is a centralized cryptocurrency exchange. This means that Kraken manages users’ cryptocurrency deposits, and its systems handle the trades happening on the platform. Centralized cryptocurrency exchanges are suitable for all types of users, ranging from beginners to professional traders.

How many cryptocurrencies can I trade on Kraken?

You can trade 222 tokens on Kraken across 646 trading pairs.In total, Kraken handled $ 515.61M worth of trades in the last 24 hours.