Kraken Cryptocurrency Exchange Review
Transaction Fees & Trade Limits
Table of Contents
- Transaction Fees:
- 0.00% to 0.40%
- Currencies Supported:
- 200+
- Minimum Deposit or Purchase:
- $1
- Trade Limits:
- Yes
Why We Chose Kraken
Kraken stands out as the best low-fee exchange, offering some of the lowest fees in the crypto asset market. It is also our top choice for experienced traders due to its advanced order types and support for margin and futures trading.
Pros & Cons
Pros:
- Wide range of supported cryptocurrencies (200+)
- Low transaction fees, ideal for high-volume traders
- Highly liquid exchange
Cons:
- Not available in all U.S. states
- Limited account funding options
Exchange Overview
- Established: 2011
- Headquarters: San Francisco
- Reputation:
- One of the most reputable exchanges globally, Kraken offers both beginner and professional platforms for trading.
Kraken’s two platforms, the main exchange, and Kraken Pro, provide traders with flexible options depending on their expertise. Kraken Pro, in particular, offers advanced features like highly customizable charting tools, order book insights, and high-speed execution. It’s perfect for experienced investors who want to dive deeper into crypto trading.
Advanced Trading Features
- Spot Trading
- Margin Trading
- Derivatives Trading
While Kraken’s instant buy feature is convenient for beginners, it comes with extra fees, which vary depending on factors like funding method and order size.
Fee Structure & Savings
Kraken’s tiered fee system rewards high-volume traders:
- Maker Fees: Start at 0.25%
- Taker Fees: As low as 0.10%
- Taker Fees: Start at 0.40%For traders with over $10 million in 30-day volumes, fees can drop significantly:
- Maker Fees: As low as 0%
Funding Options
Kraken offers wire transfers as the primary funding method, though ACH transfers are not supported, making payment options somewhat limited.
Final Words
Kraken is a top choice for both beginners and professional traders due to its low fees, a wide range of supported cryptocurrencies, and advanced trading tools. While it has limited funding options and is not available in all U.S. states, Kraken’s strong security and reliability make it a trusted platform for cryptocurrency trading. If you’re seeking a secure, low-fee exchange with powerful features, Kraken is an excellent option.
Now that you’re set-up, you can confidently begin exploring the crypto market! And to help you track your investments, don’t forget to use our Crypto Profit Calculator for better investment decisions.