Dive into our in-depth Kraken review to explore why it’s a top choice for cryptocurrency trading, featuring advanced tools, robust security, and competitive fees. Plus earn a $50 sign up bonus.
In the ever-evolving world of cryptocurrency trading, Kraken stands out as a beacon for both novice and seasoned traders. This detailed Kraken review will dive deep into the features, updates, security measures, and offerings that make Kraken a preferred choice for engaging in the digital currency market.
- Update 12/10/2024: Kraken is now offering a $50 sign up bonus.
- Update 2/9/2024: Kraken is now able to market in the Netherlands region.
- Update 2/8/2024: Kraken introduced several updates. See details below. In short, it has expanded its offerings with new OTC pairs for ETH, INJ, and SOL, introduced trading for Dogwifhat (WIF) and Jupiter (JUP), enabled custom layouts on Kraken Pro, and expanded margin pairs for NEAR and SEI.
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Sign Up Bonus: Get $50 in Bitcoin!
Ready to start trading crypto? Join Kraken and get a $50 BTC bonus when you make your first trade! Simply use promo code us50 during sign-up, deposit $25 or more via Plaid, and complete a trade of at least $10. This exclusive offer is available to new U.S. clients only (excluding residents of ME, NY, and WA) and must be redeemed through the Kraken mobile app. Act fast—only the first 20,000 eligible users will receive this reward! Additional terms apply. Start your crypto journey with the best crypto exchange of 2024, as voted by Forbes.
Promotion ends soon—sign up now and claim your $50 in Bitcoin!
Kraken at a Glance: Why It’s a Go-To for Crypto Traders
Kraken, a pioneering cryptocurrency exchange, has cemented its reputation for providing a secure, user-friendly platform that caters to the needs of a diverse trading community. From its inception, Kraken has focused on offering advanced trading options, extensive digital asset coverage, and a commitment to user security that sets it apart in the competitive crypto exchange landscape.
Kraken Features
Unlike other popular cryptocurrency exchanges like Coinbase and Gemini, Kraken only offers trading services. It doesn’t have a wallet, savings account or debit card. What draws investors to Kraken is access to margin, stop orders, and crypto short sales. The platform also lets you stake coins to earn interest on your crypto balance. Other Kraken features include:
Wide Range of Currencies. Kraken supports more than 150 coins (including top coins like Bitcoin, Ethereum and Cardano), three stablecoins and seven fiat currencies.
Advanced Trading Features. Besides margin, stop orders, and crypto short sales, Kraken also offers a dark pool where high-volume investors can trade anonymously. Members can leverage a currency pair by up to five times. Eligible pro clients can access up to $500,000 in margin.
Top-Notch Security. Kraken has not been hacked since its launch in 2013, and it’s widely recognized in the industry as one of the most secure cryptocurrency exchanges.
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Kraken’s Evolution: Recent Updates and Expansions
Kraken continuously adapts to the dynamic cryptocurrency market by introducing new features, expanding its cryptocurrency offerings, and enhancing user experience. Recent updates include the addition of new OTC pairs for major cryptocurrencies, the introduction of trading options for emerging coins, and the rollout of custom layouts on Kraken Pro, demonstrating Kraken’s commitment to innovation and user satisfaction.
Here are several updates Kraken introduced to its platform:
- New OTC Portal Pairs: Kraken’s Over-the-Counter (OTC) trading now includes new pairs for Ethereum (ETH), Solana (SOL), and Injective (INJ). Notably, this is the first time ETH and SOL crypto-to-crypto non-stablecoin pairs are available on the OTC Portal.
- Dogwifhat (WIF) Trading: Starting February 1, Dogwifhat (WIF) trading will be available on Kraken, with deposits and withdrawals already live.
- Jupiter (JUP) Trading: Jupiter (JUP) trading began on January 31 on Kraken, following the activation of deposits and withdrawals.
- Custom Layouts on Kraken Pro: Users can now customize their trading interface on Kraken Pro, allowing for a personalized trading experience through presets or unique configurations.
- Expanded Margin Pairs: Kraken has expanded its margin trading options to include new pairs for NEAR Protocol (NEAR) and Sei Network (SEI), offering traders more flexibility and opportunities.
Kraken Fees
Kraken fees are right on par with the competition. They’re not the cheapest, but their maker-taker fees are lower than Coinbase, one of the most popular crypto exchanges on the market.
Like other platforms, Kraken’s fees depend on how much you trade each month, with discounts given to large trading volumes. Deposits and withdrawals also come with a cost and vary from coin to coin.
Instant Buy
| Crypto & FX Pair Fee | 1.5% |
| Stablecoin Fee | 0.9% |
| Online Bank Processing Fee | + 0.5% |
| Payment Card Processing Fee | + 3.75% + €0.25 |
Maker/Taker Fees
| KRAKEN PRO | STABLECOIN & FX PAIRS | FUTURES | |
| Maker Fee | 0.00% to 0.16% | 0.00% to 0.20% | 0.0000% to 0.0200% |
| Taker Fee | 0.10% to 0.26% | 0.00% to 0.20% | 0.0100% to 0.0500% |
Margin
Margin fees range from 0.01% to 0.02%, depending on the base currency. Kraken members in the United States are limited to a 28-day maximum.
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Compare With Other Crypto Bonuses & Promotions
- Gemini Sign Up Bonus: $15 Bitcoin Welcome Offer & Referrals
- Best Crypto Exchanges in the U.S. with Sign-Up Bonuses January 2025
- Acorns Bonuses: $20 Sign-Up Bonus & Up To $1,000 Referral Offer – January 2025
- Cash App Sign Up Bonus: $5 Welcome Offer & $5 Referrals [Nationwide] – No End Date
- Crypto.com Sign Up Bonus: $50 Crypto Welcome Offer & $50 Referrals
Our Take
Trade with confidence on Kraken, one of the most secure and trusted cryptocurrency exchanges. With 24/7 customer support, advanced trading features, and over 150 digital assets available, Kraken is the go-to platform for traders of all levels. Join now and experience the future of finance with Kraken.
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Frequently Asked Questions
- What makes Kraken different from other cryptocurrency exchanges? Kraken differentiates itself through its advanced security measures, wide range of supported cryptocurrencies, and comprehensive trading tools.
- Can beginners use Kraken? Yes, Kraken offers a user-friendly platform that is suitable for beginners, with resources and support to help new traders navigate the world of cryptocurrency trading.
- What fees does Kraken charge? Kraken’s fee structure is competitive, with maker-taker fees and discounts for high-volume trading. Fees vary based on the type of transaction and trading volume.
- Is Kraken secure? Yes, Kraken is recognized as one of the most secure cryptocurrency exchanges, with a strong track record of protecting users’ assets.
- How does Kraken support advanced traders? Kraken provides advanced trading tools, including margin trading, stop orders, and a dark pool for high-volume traders, catering to the needs of advanced users.
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