Kraken Reviews
Established US crypto exchange with 380+ coins, savings plan, staking, and fees starting at 0.99% since 2011.
Kraken Rating
Our Opinion
Kraken is considered one of the oldest and most established crypto exchanges and has been active in the market since 2011. With over 380 tradable cryptocurrencies as well as savings plan and staking features, the platform is appreciated by long-term investors. The extensive security protocols, including 2FA and account lock, are rated positively.
The trading fees of 0.99% and total costs of €9.90 per trade are in the middle range compared with cheaper providers. The lack of EU regulation or a BaFin license is occasionally criticized. Cost transparency is regarded as limited, which some users see as room for improvement.
Kraken is considered particularly suitable for investors who value a long-established platform with a wide coin selection and want to use savings plans and staking — even without EU regulation.
Pros & Cons
- Over 380 cryptocurrencies available
- Savings plan and staking offered
- On the market since 2011 – one of the oldest crypto exchanges
- Payment methods: SEPA instant bank transfer, PayPal, and credit card
- Wallet transfer fees of approx. €1.49
- Minimum investment possible from €1
- Trading fees of 0.99% could be improved compared with cheaper exchanges
- Total costs of €9.90 per trade occasionally criticized
- Cost transparency is assessed as limited
- No EU regulation or BaFin license available
User Experiences
AI Analysis1,184 analyzed reviewsOur AI collects and analyzes user reviews of Kraken from the web and summarizes the key findings.
According to the analyzed user reviews, Kraken is often described as simple and easy to understand, especially with regard to the app and basic usability. At the same time, users mainly report criticism of support-related topics and costs, so the overall picture from a user perspective is mixed.
Users particularly appreciate Kraken’s intuitive app and clear design, which are repeatedly described in reviews as easy to use. According to the reviews, getting started is quick for many users, and overall navigation is also mentioned positively. Some users report that the app does not open immediately, which makes usability appear limited from the perspective of individual reviews.
This analysis is based on 733 user reviews evaluated by AI from the Apple App Store, Trustpilot, and Google Play Store. The total number of reviews on the respective platforms may be higher — the platform ratings (star ratings) shown refer to all reviews available there. The reviews shown reflect users’ experiences and do not represent the site operator’s own assessment. All information without guarantee. Status: March 2026. This comparison does not constitute investment advice.
Features
Feature Scope
Highlights
- On the market since 2011 with a significant market presence
- Comprehensive security protocols incl. 2FA and account lock
- 380+ cryptocurrencies tradable
- Savings plan and staking on one platform
Tradeable Assets
- Cryptocurrencies (380+ coins)
- Staking products
- Savings plan investments
Trading Options
- Spot trading (buying and selling)
- Savings plan function
- Staking
- Wallet transfer to external wallets
About Kraken
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Recent articles about Kraken
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Kraken won against Ripple XRP Lawsuit
Explore Kraken's defense of user privacy in the Ripple XRP lawsuit, highlighting their efforts to secure customer data in the crypto world.
November 21, 2023 7:55 PM
Crypto Crash Incoming: SEC on the Move and Crypto Winter Coming?
Two recent developments involving major exchanges Binance and Kraken have sent ripples through the industry. Will crypto crash?
November 21, 2023 7:24 PM
Kraken SEC Lawsuit: Regulatory Pressure on Crypto Exchanges Growing?
The U.S. Securities and Exchange Commission (SEC) filed a complaint against Kraken, one of the major cryptocurrency exchanges. What happened?
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