Kraken review
One of the longest-running exchanges, Kraken pairs competitive spot fees and proof-of-reserves reporting with a spot platform that suits intermediate and advanced traders more than first-timers.
Disclosure: links to Kraken may be affiliate links. We may earn a commission at no cost to you. Commercial terms never influence our scores — read our editorial standards.
Maker fee
0.00%–0.25%
Taker fee
0.10%–0.40%
Founded
2011
Markets
United States, Canada, European Union, Australia
What works
- Long operating history with no major custodial breach
- Regular proof-of-reserves attestations
- Competitive maker/taker fees on the Pro platform
- Wide fiat funding options
What doesn’t
- Default interface is less approachable for beginners
- Support can be slow to respond
- Some advanced products are geo-restricted
Kraken earns its place through longevity and a security record that predates most of its rivals. Its proof-of-reserves attestations and tiered fee schedule reward traders who take the time to learn the Pro interface. Newcomers may find the surface area intimidating, and support has historically been the weakest link. If you value a venue that has weathered multiple market cycles without a major custodial loss, it is a serious option.