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Kraken Review & Rating for 2023: Is Kraken Legit & Safe?

What is Kraken?

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User Reviews

If you’re considering using a crypto exchange in 2023, it’s worth checking out our Kraken review. Kraken has been operating for more than 10 years and is establishing itself as a top player in the market.

With Kraken, you can trade over 200 cryptocurrencies and access a wealth of educational materials. Additionally, their customer support team is highly responsive, and their security measures are top-notch. To find out if Kraken is the best crypto exchange for you, read a Kraken review.

Kraken: Pros & Cons

Over 200 tradable cryptos
Slick user experience
Great range of trading tools

Max leverage of 5x

Payment Methods
License
Accepts Customers from: USA
Company: Payward Ltd.
Founded: 2011
Website: kraken.com
Available Languages: EN

ES

FR

IT

RU

PT

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Customer Support: Email Support
Email: support@kraken.com
Phone: +44 (1783) 1007965

Overall Rating

Rating follows

New Customer Offers

4.5/5
Usability

4.5/5
Available Account Types

4.4/5
Trading Platforms

4.6/5
Payments

4.4/5
Customer Service

4.3/5
Regulation & Deposit Insurance

4.5/5

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User Rating

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Offers
Usability
Available Account Types
Trading Platforms
Payments
Customer Service
Regulation
Conclusion
User Reviews

Jonas Blackwood

Lead Editor

Last Updated on 27/05/2023

What can you trade on Kraken?

When joining Kraken, you can start to learn about over 2000 cryptocurrencies before taking your pick of the top 212. You can invest in Bitcoin, Litecoin, Dash, Cardano, Solana, Ethereum and plenty more.

Kraken user experience

We found Kraken was a joy to use, providing a smooth signup process and an even sweeter investing/trading experience. The blue and white homepage offered us plenty of information about Kraken and we found that all important areas of the site loaded promptly. Support was on hand 24/7, too, meaning any questions we had were dealt with promptly.

Kraken account types

Starter	The base account at Kraken offers crypto deposits, the PRO app and additional security settings.
Express (USA only)	Provides users with access to the Kraken mobile app, a £9000 lifetime deposit limit and a £9000 monthly withdrawal limit.
Intermediate	Offering traders higher deposit and withdrawal limits, plus on-chain off-chain staking.
Pro	Highest limits, trading OTC desk, futures, margin and more.

Kraken trading tools

Account Management	Advanced traders that reach a certain threshold can experience elite customer support and near real-time input from a dedicated account manager.
Crypto Guides	Make use of various online articles created by the Kraken experts, detailing all sorts of interesting aspects of crypto trading.
Crypto Videos and Podcasts	Enjoy podcasts from industry experts and regular video releases focusing on the crypto world.

Kraken review of payments

Before you can buy or trade crypto, a deposit using Visa, Mastercard, Bank Transfer or digital wallet must be completed. For those who already own crypto, you can send funds directly to your Kraken account.

Kraken review of fees

Minimum deposit	£1 – £150 depending on chosen method
Deposit fee	£0-£21
Inactivity fee	N/A
Account fee	N/A
Maximum leverage	1:5
Overnight fee	N/A
Minimum withdrawal	Varies depending on asset

Kraken customer service

Kraken proudly highlights that they offer 24/7 live chat support; however, if you prefer to talk on the phone, send an email, or scour through some FAQs, you can do that, too!

Is Kraken safe and regulated?

Kraken complies with all legal and regulatory requirements in all areas they operate, including the UK, US and Canada. The site also makes use of 2FA, KYC, SSL encryption and constant, real-time monitoring of all online activity.

Does Kraken have an app?

Yes, Kraken has an impressive app that is fully functional, Both iOS and Android users can download the Kraken app from respective stores and instantly have full control of their accounts on the go.

Kraken review FAQ

Will I receive a bonus for joining Kraken?

There are no welcome bonuses at Kraken; however, traders can invite friends and redeem a £10 bonus.

How many registered users does Kraken have?

Kraken has over 9 million registered users.

Does Kraken have a rewards program?

Although Kraken does not have a rewards program, rewards (up to 23%) can be obtained by staking your assets.

Kraken review - conclusion

Kraken is a crypto exchange that appeals to all. Regardless of your knowledge, you will be able to make your way through the registration process, research your preferred cryptos and, inevitably, make your first crypto purchase with ease, thanks to the streamlined approach offered at Kraken. Customer support is on standby 24/7, too, should you end up with any questions along the way.