Kraken
Established exchange known for security, low fees, and advanced trading.
centralized
Proof of Reserves
Beginner Friendly
Mobile App
Best For
Low-fee trading and advanced users
Pros
- Lower trading fees
- Strong security
- Advanced tools
- Proof of reserves
Cons
- Interface can be complex
- Fewer altcoins
- US staking restrictions
Key Information
- Type
- centralized
- Maker Fee
- 0.16%
- Taker Fee
- 0.26%
- Proof of Reserves
- Yes
- Mobile App
- Yes
- Staking
- Available
Deposit Methods
bank transfer
wire
crypto
Frequently Asked Questions
Is Kraken safe?+
Kraken is a regulated exchange with published proof of reserves, meaning you can verify they hold the assets they claim. No exchange is 100% safe — consider moving large holdings to a self-custody wallet after purchasing. Enable 2FA and withdrawal whitelisting for extra security.
Is Kraken good for beginners?+
Yes, Kraken is considered beginner-friendly with a straightforward interface and educational resources. If you're new to crypto, start with small amounts and use the "simple" buy interface if available.
What are Kraken's fees?+
Kraken's fees vary by trade type and volume. Check the "Key Information" section above for current maker/taker rates. Many exchanges also charge different fees for their "simple" vs "advanced" trading interfaces — the simple interface is usually more expensive. Always check the fee schedule on Kraken's website before trading.
Should I keep my crypto on Kraken?+
For active trading, keeping funds on Kraken is practical. For long-term holding or large amounts, move crypto to a self-custody wallet. Exchanges can freeze accounts, get hacked, or face regulatory issues. The safest approach: buy on the exchange, then transfer to your own wallet.
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