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Cryptogambling / Kraken Review

Kraken Review & Rating for 2024: Is Kraken Legit & Safe?

Top Crypto Exchange Operator

What is Kraken?

Crypto Exchange
Kraken Crypto Exchange
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4.5/5
  • Over 200 tradable cryptocurrencies
  • Super smooth user experience
  • Excellent range of trading tools
Go to Kraken Crypto Exchange
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User Reviews

If you’re considering using a crypto exchange in 2024, 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.

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kraken review
Kraken: Pros & Cons
  • Over 200 tradable cryptos
  • Slick user experience
  • Great range of trading tools
  • Max leverage of 5x
Payment Methods
Bank Transfer
License
MSB - Money Services Business (USA)
Accepts Customers from
USA
USA
Company
Payward Ltd.
Founded
2011
Website
kraken.com
Available Languages
EN
ES
+
Customer Support
Email Support
Email
support@kraken.com
Phone
+44 (1783) 1007965
Overall Rating
4.5/5
  • 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
Payment Provider Safety
Bank Transfer very high
No review posted yet.
User Rating
0/5
5 Stars
0%
4 Stars
0%
3 Stars
0%
2 Stars
0%
1 Star
0%
Last Updated on 16/05/2024

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.

Bank Transfer

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.

CNMV - Comisión Nacional del Mercado de Valores
ASIC - Australian Securities and Investments Commission
FRSA (ADGM) - Financial Regulatory Services Authority Abu Dhabi
FCA - Financial Conduct Authority
FSCA - South African Financial Sector Conduct Authority
MSB - Money Services Business (USA)

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.

Kraken Crypto Exchange
4.5/5
Rating
Go to Kraken Crypto Exchange
Highlights
  • Over 200 tradable cryptocurrencies
  • Super smooth user experience
  • Excellent range of trading tools

User Reviews for Kraken

No review posted yet.

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Crypto Exchange
Kraken Crypto Exchange
Favicon
4.5/5
  • Over 200 tradable cryptocurrencies
  • Super smooth user experience
  • Excellent range of trading tools
Go to Kraken Crypto Exchange
T&Cs apply, 18+
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Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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