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Kraken -

Score

1.56 /10
Danger

Kraken

United States

5-10 years

Suspicious Regulatory License

Global Business

High potential risk

https://www.kraken.com/en-us

Influence

AAA

Add brokers

Comparison

Quantity 13

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.36

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Regulatory disclosure

Danger

ID BAPPEBTI
2022-09-20
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Danger

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Broker Information

More

Company Name

Payward, Inc

Company Abbreviation

Kraken

Platform registered country and region

United States

Company website

X

Facebook

Linkedin

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 3
Previous Detection : 2025-06-24
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 13 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Exposure

13 pieces of exposure in total
Pyramid scheme complaint
Expose
Scam

Scam

Ask for deposits and more deposits. In the end they don't return your money.

2023-12-12 04:26
Unable to Withdraw

Continuous traps not to withdraw

They have countless systems to scam you and prevent you from being able to withdraw your money from each of the Wallets, even passing cash or some currency that would allow you to withdraw for exceeding the minimum that they indicate, and that changes every time in each new withdrawal.

2023-11-20 01:07
Unable to Withdraw

Changing operations

The operations move enormously, I put $ 25 in them and it was the worst decision I could make, it was all a scam and manipulation, you can see the graph that got out of control, making me lose everything

2021-09-13 12:17
Others

Kraken is a scam.

Do not invest in this company. Previously, many people have sufferred huge losses by investing in this company.

2021-05-11 17:52
Others

I was cheated by the platform

At first, they asked for taxes and then fine. But I just played new normally

2021-02-05 07:27
Unable to Withdraw

Unable to withdraw

I entered this website to buy coins under the introduction of a netizen. Firstly, I earned 260 usdt and withdraw money, then I continued to invest almost 15,000 Australian dollars. When I transfer 4000usdt again, they held and frozen the assets on the grounds that it is not my address. After I pay the so-called capital verification, I need to add 80% more turnover. When I want to withdraw money, I have to pay 2210usdt. After I paid, I had to pay 5% of the money every day for late payment fees. After paying the payment fee, another 1270usdt was added for risk control funds. This is a phishing scam, please be careful.

2023-05-03 22:06
Unable to Withdraw

Unable to withdraw

The web has changed its name from Kraken to TSTOCK in February. After I applied for withdrawal, the customer service disappeared. And the status of my application is always pending. I recommand that you guys should not invest with suck brokers.

2021-04-14 19:56
Unable to Withdraw

It requires to deposit 20% of total assets to withdraw funds

Cannot withdraw funds on KRAKEN exchange. If you want to withdraw funds, you need to deposit 20% of total assets first.

2024-06-21 10:41
Unable to Withdraw

Kraken is a scam

I deposited $95 while I have got nothing, This is a scam without customer service. A very bad company

2021-06-23 02:11
Unable to Withdraw

Unable to withdraw money and induce fraud.

Using couples activities as bait, the so-called activity gifts are given in advance before customers fully understand the rules of the activity, forcing customers to passively deposit funds. After the deposit, the customer service promised that both parties in the deposit activity had met the requirements, and the transaction amount could be withdrawn when the transaction amount was 50%. After my friend and I met all the requirements, we were unable to withdraw the money because I was a new user and needed to do advanced certification. According to Anti-money laundering regulatory requirements require, each to pay an additional $30,000 before withdrawing money.

2024-04-15 11:58
Unable to Withdraw

You need to deposit funds before you can withdraw money

It will give you a little profit at the beginning but then will require you to deposit more money to withdraw money. I asked the customer service and they also said that I need to deposit money. The person guiding me also told me to follow the customer service's instructions.

2023-09-20 17:03
Unable to Withdraw

Has the KRAKEN exchange run away?

Did KRAKEN exchange run away? Previously, they required a deposit of USDT before activation and withdrawal, but today when I opened it, it was all blank.

2024-07-12 22:02
Unable to Withdraw

Help

My name was Gilberto and I deposited $4,300. But my account did not receive the payment. They did not reply me.

2021-08-30 13:32
    Kraken · Company summary
    Kraken Review Summary
    Founded2000
    Registered Country/RegionUnited States
    RegulationNo regulation
    Market InstrumentsCryptos, futures
    Demo Account❌
    LeverageUp to 5x
    FeesMaker Fee: 0.16%
    Taker Fee: 0.26%
    Trading PlatformKraken App, Kraken Pro, Kraken Desktop, Kraken Wallet
    Minimum Deposit$1
    Customer SupportAPP live chat

    Kraken Information

    Kraken, a cryptocurrency exchange situated in the United States, was established in 2000. It offers over 420 digital assets for trading and includes margin trading, staking, and institutional services. However, it is not overseen by major financial regulators such as the FCA or ASIC.

    Kraken Information

    Pros and Cons

    ProsCons
    Supports over 420 crypto assetsNo regulation
    Offers margin and futures tradingNo demo or Islamic account options
    Low trading fees with volume discountsWithdrawal fees charged

    Is Kraken Legit?

    In its registration jurisdiction, the United States, Kraken is not officially regulated as a securities or forex broker and lacks licenses from prominent financial authorities including the FCA (UK), ASIC (Australia), CySEC (Cyprus), or MAS (Singapore).

    license

    WHOIS records show the domain kraken.com was registered April 3, 2000 and last modified March 20, 2022. With a status of “client transfer prohibited,” it is now operational and protected, meaning it is safe against unauthorised modifications or transfers. The domain is hosted on dependable Cloudflare name servers, indicating that it is in stable operational state.

    domain

    Products and Services

    Kraken provides a broad range of crypto-focused products, including simple buying tools, complicated trading platforms, wallets, and institutional solutions. Services include over 423 cryptocurrency trading, staking, margin trading, futures, and DeFi tools.

    Products and Services

    Account Type

    Kraken has two account types: Personal account and Business account. It does not offer demo or Islamic accounts (swap-free). All trading is live, with typical trading and margin fees.

    Account Types

    Leverage

    Kraken provides margin trading with 5x leverage. Traders can establish positions five times bigger than their account balance using this. Although leverage can boost gains, it also increases possible losses.

    Leverage

    Kraken Fees

    Kraken's trading costs are moderate to low by industry standards. Fees start at 0.16% (maker) and 0.26% (taker), with discounts dependent on trading volume. High-volume and market-making traders profit the most, whereas casual users may experience greater default rates while using the “Buy Crypto” feature.

    Kraken Fees

    Trading Platform

    Trading PlatformSupportedAvailable DevicesSuitable for
    Kraken App✔iOS, AndroidBeginners seeking a simple interface for crypto buying
    Kraken Pro✔iOS, AndroidAdvanced mobile traders needing full features
    Kraken Desktop✔Windows, macOS, LinuxProfessional or desktop-based advanced traders
    Kraken Wallet✔iOS, AndroidUsers managing on-chain assets securely
    Trading Platform

    Deposit and Withdrawal

    Kraken does not charge fees on most deposits, but withdrawals generally incur fixed fees, depending on the method. The minimum deposit can be as low as $1 (via ACH in the U.S.), making the platform accessible for all user levels.

    Kraken – Deposit & Withdrawal Methods (USD Example)

    Payment MethodMinimum DepositMinimum WithdrawalDeposit FeeWithdrawal FeeProcessing Time
    ACH (Plaid) (USA only)$1$0$0Deposit: Instant
    FedWire (Dart Bank) (USA)$1$20$40–1 business days
    FedWire (Etana) (USA)$10$100$30
    SWIFT (Etana Custody)$150$352–5 business days or instant
    SWIFT (Bank Frick)$4$100$3 $141–5 business days
    CUBIX™ Instant Transfer (USA)–$0$0Near-instant
    Debit/Credit Cards (Buy only)$10Vary/Instant (72-hour withdrawal hold)
    Deposit and Withdrawal
    Deposit and Withdrawal

    News

    NewsMayur Gupta Becomes New Krakens Chief Marketing Officer

    He previously worked in companies like Spotify and Kimberly-Clark.

    WikiFX
    2022-04-20 12:35
    Mayur Gupta Becomes New Krakens Chief Marketing Officer
    About More

    User Reviews

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    User comment

    3

    Comments

    Write a review

    Marc2431
    more than one year
    While some transfers took a while, Kraken customer service was pleasant and did not lie to me about anything. All funds and transactions were done professionally and funds were released without incident when I transferred them.
    While some transfers took a while, Kraken customer service was pleasant and did not lie to me about anything. All funds and transactions were done professionally and funds were released without incident when I transferred them.
    Translate to English
    2023-08-24 03:17
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    满天星14428
    more than one year
    咱就是说在交易之前真的要认真去网上查查，看看有没有监管牌照，其它用户怎么说，有监管牌照的再去官网查查，看看是不是真的，不要傻乎乎就入金！真是看得我急死了
    咱就是说在交易之前真的要认真去网上查查，看看有没有监管牌照，其它用户怎么说，有监管牌照的再去官网查查，看看是不是真的，不要傻乎乎就入金！真是看得我急死了
    Translate to English
    2022-12-15 11:15
    Reply
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    13