Kraken
Founded 2011, headquartered in United States. Accepts US residents. Identity verification is mandatory.
Fees
| Spot maker | 0.25% |
| Spot taker | 0.4% |
| Futures maker | 0.02% |
| Futures taker | 0.05% |
| Fiat deposit methods | Bank transfer, Card |
Base tier, no VIP level, no token discount. Checked 2026-09-14 — verify on the official fee page. Work out what this costs you with the fee calculator.
Is Kraken available in your country?
Restricted: New York (derivatives), Washington (derivatives).
Available in most US states; derivatives are restricted.
Availability changes with local regulation and can differ by product within one country. The exchange's own terms are the authority — this table is a starting point, checked 2026-09-14.
KYC
Kraken requires full identity verification before you can deposit or trade.
Exchanges that advertise “no KYC” generally mean “no KYC until you withdraw a meaningful amount”. Assume verification will be required eventually, and do not build a plan around avoiding it.
Strengths
- One of the longest-running exchanges with no major hack
- Strong fiat rails including GBP and EUR
- Proof-of-reserves published regularly
Weaknesses
- Interface feels dated
- Support response times vary