Kraken

๐Ÿ‘ 92%

Share your experiences with Kraken

Tell us what you like and dislike about Kraken. Help others make more informed decisions based on your insights.
J

Jonathan D ๐Ÿ‘

Pros

Easy to use for major crypto coins and it is reputable. I feel I can trust it based on the number of smooth transactions Iโ€™ve had.

Cons

Transferring money is a pain, Iโ€™d like to be able to pay by card rather than transfer.
G

Greg H ๐Ÿ‘

Pros

Kraken has been a fairly painless way to trade cryptocurrencies.

Cons

Iโ€™m looking forward to when Kraken or other platforms allow for ACH transfer of funds instead of wires. Also looking forward to a more simple and intuitive UI.
C

Clifford A ๐Ÿ‘

Pros

It's easy to use the platform. And the significantly lower amount of transaction fees when it comes to sending and/or transferring bitcoin to other exchanges or my bank account is great.

Cons

They should reduce the time it takes for Know Your Customer (KYC) verification.
E

Ekaterina P ๐Ÿ‘Ž

Pros

Possibility to quickly buy cryptocurrencies, big choice of currencies; good interface.

Cons

It took me 2 weeks to activate an account; technical issues, e.g. sometimes the site is not available.
C

Chan Y ๐Ÿ‘

Pros

Multiple trading pairs available. One of the very few fiat to crypto exchanges that can offers that many coins.

Cons

Terrible lag and delays. During high trading volumes orders will get lost or the site will be down.
D

Daniel G ๐Ÿ‘

Pros

Low fees compared to other exchanges, ability to transfer for free within Europe, large number of currency pairs available, ability to use margin, 2 step verification.

Cons

Not the best platform, but have invested in upgrades lately. Coinbase runs more smoothly and has vault ability.
X

Xiang J ๐Ÿ‘

Pros

Straightforward fiat deposit and withdrawal. Low to none fiat fees for EU residents. No security breaches yet.

Cons

Was slow before the trading engine revamp this year. Charges withdrawal fees on crypto unlike Bitstamp.
T

Tommy L ๐Ÿ‘

Pros

The platform accepts fiat currency like euro. It's easy to transfer money from it. I also like to use binance for its ease.

Cons

Before the big update it was really unstable. Also the supported coins could be more!
L

Lydia B ๐Ÿ‘

Pros

It's not Coinbase; I heard interview with CEO and liked what I heard.

Cons

Funding via fiat takes forever; slow at times during high traffic.
A

Aleksandar D ๐Ÿ‘

Pros

Can hold in fiat, I like the interface, secure dual authentication

Cons

Poor charts and analysis tools, only way to deposit money is money order

Important Info:

Deposit Fee
$0 - $10
Trading fees
0 - 0.36%
Minimum Deposit
0.0001BTC
Minimum Withdrawal Amount
0.005BTC

Kraken

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US-based Kraken is a fiat exchange that allows its users to exchange US dollars, British pounds and Japanese yen, to name a few, for various cryptocurrencies. It counts Tokyo government's court-appointed trustee, and Germany's Fidor Bank among its clients.

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