- Low non-instant fees
- Advanced platform for professional traders
- Easy to open account
- Number of available cryptocurrencies
- Margin and futures trading available
- Staking rewards
- Available tutorials
- High instant buy fees
- Withdrawal fees, and high minimums
- Doesn't provide wallet
Kraken exchange was founded in San Francisco, California (USA) in 2011. Since 2011 Kraken managed to attract attention of more than 7 million customers and platform is currently available more than in 190 countries worldwide. All these makes Kraken one of the leading crypto exchanges.
Kraken offers their customers more than 80 cryptocurrencies which makes almost 1 billion trading volume a day and more than 560 billion trading volume during last year. The trading volume of the platform grew 300% over the last year, which makes it trusted by their customers.
Platform is famous for its high cryptocurrency liquidity, which is a result of high daily trading volume.
There are 2 types of account available on platform: Regular and Kraken Pro. For the regular account fees are a bit higher, but it is quite easy to create Kraken Pro account with one of the lowest fees in industry. Kraken Pro itself has 9 levels of fees depending on your 30-day trading volume. You can reach as low as 0.00%/0.10% maker/taker fee.
In case you are tired of trading and just want to hold your crypto safely and earn commission on staking – Kraken is the perfect place for your assets. Kraken offers staking options for their customers with different commission levels depending on crypto you want to stake. Staking is also available for FIAT currencies replacing usual investments in your bank.
Advanced traders will enjoy margin trading opportunities available on Kraken. Customers are offered up to 5x leverage and high margin limits of up to $500,000. Powerful API is also available for advanced users to build their own trading bots or any other market analysis tools.
There is a huge amount of crypto guides and tutorials available on Kraken website for crypto trading beginners. For those who enjoy learning in video or audio format Kraken has prepared some podcasts and video tutorials
Kraken has extended individual customer service available for customers making large orders. As an OTC client you will also receive deeper liquidity and recaps from experienced members of the desk.