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Kraken-Some important Details about This Broker

Kraken | 2025-05-28 15:20

Abstract: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 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
BrokerDealer

Related broker

No Regulation
Kraken
Company name:Payward, Inc
Score
1.56
Website:https://www.kraken.com/en-us/
5-10 years | Suspicious Regulatory License | Global Business | High potential risk
Score
1.56

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