Kraken
About Kraken
Kraken is one of the longest-running cryptocurrency exchanges, founded in 2011 by Jesse Powell. Known for its strong security practices and transparent operations, Kraken has never been hacked and regularly publishes proof of reserves.
Why Choose Kraken?
Kraken combines the trust of a decade-long track record with professional trading features. It's particularly popular in Europe due to excellent EUR support and competitive fees for high-volume traders.
Security First
Kraken pioneered many security practices now standard in the industry. The exchange stores 95% of funds in cold storage, requires 2FA, and offers Global Settings Lock for additional protection. Regular third-party audits verify proof of reserves.
Trading Features
Kraken Pro offers a professional trading interface with advanced order types, charting tools, and API access. Kraken Futures provides up to 50x leverage on major cryptocurrencies, while margin trading supports 5x leverage on spot markets.
Staking Rewards
Kraken offers on-chain staking for various cryptocurrencies with competitive rewards. Unlike some competitors, Kraken allows users to unstake most assets at any time.
Who Is Kraken Best For?
Kraken suits security-conscious traders and institutions who value transparency and proven reliability. It's excellent for EUR-based users and those seeking margin/futures trading with a reputable exchange.
Pros
- One of the oldest and most trusted exchanges
- Excellent security track record
- Competitive fees for active traders
- Supports margin and futures trading
- Strong fiat currency support
- Proof of reserves audits
Cons
- Interface less intuitive than competitors
- Limited payment options in US
- No debit card offering
- Customer support can be slow
Features
Fee Structure
| Fee Type | Amount |
|---|---|
| Maker Fee | 0.16% |
| Taker Fee | 0.26% |
| Deposit Fee | Free for crypto |
| Withdrawal Fee | Varies |
Security Features
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