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Kraken logoReview · facts checked 25 Oct 2026

Kraken Review 2026: Fees, Safety, Bonus & Who It's For

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Kraken is a safe, regulated exchange with fair fees — if you use Kraken Pro. Tapping Buy in the Kraken app costs 1% plus a spread; the same order on Kraken Pro, on the same account, costs 0.80% as a market order or 0.40% as a limit order at the entry tier, falling to 0.25% / 0.12% above $100,000 of monthly volume. Kraken has run for more than 14 years without losing customer funds to a hack, has published Proof of Reserves since 2014, holds an EU MiCA license from the Central Bank of Ireland and is registered with FinCEN in the US, though not licensed in New York. New users get $10 in Bitcoin after a $100 bank or crypto deposit plus $100 traded (not in the UK or Singapore). Where Bybit or OKX serve you, they are cheaper per trade — about 0.1% on their global platforms, 0.25% on Bybit EU — and Kraken can't serve India or sanctioned countries.

Open Kraken Pro — $10 in Bitcoin after your first $100

Kraken Pro: 0.40% limit / 0.80% market orders, not the app's 1% plus a spread. Fund $100 by bank or crypto, trade $100, get $10 in Bitcoin — cards don't count.

Open Kraken Pro · Get $10 Back

Kraken-App — am einfachsten

Gleiches Konto · ein Tipp · 1 % + Spread

Kraken-App öffnen

100 $ einzahlen, für 100 $ Krypto kaufen — 10 $ zurück

Empfehlungscode
Bei der Registrierung eingeben · Bonus in Bitcoin · Bank- oder Krypto-Einzahlung, Karten zählen nicht
Bedingungen und Fragen zum Code (auf Englisch) →

Kraken at a Glance

In the United States
Available, with the $10 bonus
Spot fee in the United States
Kraken Pro: 0.40% maker / 0.80% taker
Operating since
2011 — 14+ years
Clients
13+ million, per Kraken
Licenses
EU: MiCA, Central Bank of Ireland. US: FinCEN and state licenses, not New York
App instant buy
1% + spread; custom orders 1.5%
New-user bonus
$10 in BTC after a $100 bank or crypto deposit + $100 traded (not UK, Singapore)
Proof of Reserves
Since 2014; BTC 102.9%, ETH 100.5% on 30 Jun 2026
BTC withdrawal
0.000015 BTC; crypto deposits free

Our Verdict, Area by Area

Fees

Fair

0.80% for a market order at the entry tier — more than Bybit EU's 0.25% or OKX EEA's 0.35%. It falls with volume or with $20,000+ held on Kraken, and the $10 bonus covers the gap on a first buy.

Safety

Strong

No customer funds lost to a hack since 2011. Proof of Reserves since 2014; every coin in the 30 Jun 2026 snapshot was covered at 100.3% or more.

Regulation

Strong

MiCA license from the Central Bank of Ireland (2025) and FinCEN registration in the US. The SEC's 2023 lawsuit was dismissed with prejudice in March 2025.

Availability

Fair

Works in the US (except New York), the EU, the UK, Canada and Australia. Not in India or sanctioned countries.

Bonus

Strong

$10 in Bitcoin for new users — paid in BTC, not as coupons. Not offered in the UK or Singapore.

Ease of use

Fair

One account, two screens: the simple app (1% + spread) and Kraken Pro (0.40% / 0.80%). The savings come only once you switch to Pro.

Pick Kraken if

  • US residents outside New York — cheaper than Coinbase on the order book
  • A first purchase up to about $1,400–1,800, where the $10 bonus beats cheaper exchanges
  • Anyone who wants a long safety record and a Proof of Reserves they can check
  • Larger holders: $20,000 kept on Kraken unlocks lower fees without trading

Look elsewhere if

  • People who only tap Buy in an app — 1% plus the spread adds up
  • Frequent small traders in the EU — Bybit EU charges 0.25% per trade
  • Residents of New York, India or sanctioned countries

Live: What $500 Buys on Kraken — and Elsewhere

Each exchange's entry-tier fee for a market order, with what's available in the United States. Change the coin or the amount.

Coin

Currency

$

BTC you get (before fees)

0.00650533 BTC

1 BTC = $76,860.00 · $1 = 0.00001301 BTC · Bitcoin, live from Kraken, 19:13 UTC

What $500.00 actually buys after fees

A market order on each exchange's order book, at the entry-tier taker fee checked 2026-10-08. Availability for your country (US).

Kraken

Most for your moneyAvailable

Kraken Pro: 0.8% taker fee · fee $4.00

0.00645329 BTC

you get

+ $10 in BTC new-user bonus

Kraken app (Instant Buy/Sell): 1% fee ($5.00) plus a spread

Open Kraken Pro · Get $10 Back

Kraken-App — am einfachsten

Gleiches Konto · ein Tipp · 1 % + Spread

Kraken-App öffnen

100 $ einzahlen, für 100 $ Krypto kaufen — 10 $ zurück

Empfehlungscode
Bei der Registrierung eingeben · Bonus in Bitcoin · Bank- oder Krypto-Einzahlung, Karten zählen nicht
Bedingungen und Fragen zum Code (auf Englisch) →

Coinbase

Available

Coinbase Advanced: 1.2% taker fee (reported) · fee $6.00

0.00642727 BTC

you get

Coinbase app (simple buy/sell): Coinbase fee plus a spread, shown only at checkout

Coinbase shows Advanced rates only after sign-in; 0.60% / 1.20% is the widely reported entry tier.

Bybit

Not available

Bybit Spot: 0.1% taker fee · fee $0.50

0.00649883 BTC

you get

Bybit Convert: No separate fee — the margin is built into the quote

OKX

Not available

OKX Spot: 0.1% taker fee · fee $0.50

0.00649883 BTC

you get

OKX Convert: No separate fee — the margin is built into the quote

Gate

Not available

Gate Spot: 0.2% taker fee (reported) · fee $1.00

0.00649232 BTC

you get

Gate Convert: No separate fee — the margin is built into the quote

Gate changed its spot fees on 09.04.2026; 0.20% / 0.20% at VIP 0 as reported — its fee page blocks automated checks.

Prices are the last trade on Kraken; the price you get moves with the market and the order book. Buttons labelled Buy or Convert inside the apps quote a price with a spread built in, which costs more than the order book shown here.

Kraken Fees: the App vs Kraken Pro

Kraken has two ways to buy on one account. The Kraken app's Buy and Sell buttons charge a 1% fee plus a spread that Kraken doesn't publish. Kraken Pro, the order-book screen you reach with the same login, charges only the trading fee: at the entry tier, 0.40% for a limit order (maker) and 0.80% for a market order (taker). On a $500 market order that is $4 on Kraken Pro, against $5 plus the spread in the app. Custom orders in the app cost 1.5%; Kraken+ members pay no trading fee on up to $10,000 of app trades a month, though the spread still applies.

Pro fees fall as your 30-day volume across spot, margin and futures grows — or as the assets you hold on Kraken grow, whichever gives the better tier: holding $20,000 unlocks 0.22% / 0.38% without any trading. Instant Buy volume doesn't count. Crypto deposits are free. Crypto withdrawals cost a flat network fee per coin: 0.000015 BTC, 0.00017 ETH, 0.005 SOL, 0.1 TON (GRAM), 0.1 USDT on the TON network or 1 USDT on Tron. Bank and card methods show their fee before you confirm.

What a $500 order costs in fees

Kraken app, instant buy$5

1% — plus a spread Kraken doesn't publish

Kraken Pro, market order$4

0.80% — taker fee, entry tier

Kraken Pro, limit order$2

0.40% — maker fee, entry tier

Kraken+ member, instant buy$0

0% — fee waived on up to $10,000 a month; the spread still applies

30-day volumeor held on KrakenMakerTaker
$0+—0.40%0.80%
$2,500+—0.30%0.60%
$10,000+$20,0000.22%0.38%
$25,000+$50,0000.20%0.35%
$50,000+$100,0000.15%0.30%
$100,000+$200,0000.12%0.25%
$250,000+$400,0000.10%0.22%
$500,000+$600,0000.08%0.20%
$1M+$1M0.06%0.18%
$10M+$10M0.00%0.10%

Kraken Pro tiers from the Spot Crypto table on kraken.com/features/fee-schedule, read 25 Oct 2026. The better of the two columns sets your tier; Instant Buy volume doesn't count.

Kraken fee page: 1% on instant and recurring trades, 1.5% on custom orders, waived for Kraken+ members up to $10,000 a month
Kraken's fee page: 1% on instant and recurring buys, 1.5% on custom orders, a spread on top — and the Kraken+ waiver.
Kraken Spot Crypto fee tiers by 30-day spot volume, futures volume or assets on platform
The Kraken Pro tiers: reached by 30-day volume or by assets held. Instant Buy volume doesn't count.

The $10 New-User Bonus

New Kraken users get $10 in Bitcoin after two things: a deposit of at least $100 by bank transfer or crypto, and $100 traded. Card deposits don't count. The offer isn't available in the UK or Singapore, and Kraken can't open accounts where it doesn't operate.

On a small first purchase the bonus matters more than the fee. Kraken Pro's 0.80% against Bybit's global 0.1% is a $7 difference on $1,000, so the $10 covers it for a first purchase of up to about $1,400; against Bybit EU's 0.25% it covers up to about $1,800.

Is Kraken Safe and Regulated?

Kraken has operated since 2011 and has never lost customer funds to a hack. Its most notable incident, in June 2024, was a bug that security researchers used to take about $3 million of Kraken's own money; the funds were returned. In April 2026 Kraken disclosed that a compromised support employee had exposed the contact details of about 2,000 clients; it said customer funds weren't at risk.

Kraken was the first major exchange to publish a Proof of Reserves, in 2014, and you can check that your own balance was included. In the EU, its entities are regulated by the Central Bank of Ireland under MiCA; in the US, it is registered with FinCEN and licensed state by state, though not in New York. The SEC's 2023 lawsuit against Kraken was dismissed with prejudice in March 2025.

  1. 2011

    Kraken starts operating.

  2. 2014

    The first major exchange to publish a Proof of Reserves.

  3. Feb 2023

    Settles the SEC's case over its US staking service for $30 million.

  4. Nov 2023

    The SEC sues, claiming Kraken ran an unregistered exchange.

  5. Jun 2024

    Security researchers exploit a bug and take about $3 million of Kraken's own money; it is returned.

  6. Mar 2025

    The SEC case is dismissed with prejudice.

  7. Jun 2025

    MiCA license from the Central Bank of Ireland.

  8. Apr 2026

    A compromised support employee exposes about 2,000 clients' contact details; Kraken says no funds were at risk.

  9. 30 Jun 2026

    Latest Proof of Reserves snapshot: BTC 102.9%, ETH 100.5%, stablecoins 105%+.

Kraken Proof of Reserves, snapshot 30 June 2026: reserve ratios for BTC, ETH, SOL, XRP, ADA, USDC, USDT and USDG
Proof of Reserves, snapshot 30 June 2026: BTC 102.9%, ETH 100.5%, SOL 100.6%, XRP 102.3%.

Where Kraken Works — and Where It Doesn't

Kraken serves the US except New York, the UK, the EU and most other countries. It is not available in India, where the financial intelligence unit ordered Kraken's apps removed, nor in sanctioned countries such as Iran, Cuba, North Korea and Syria. UK residents can trade, but the $10 new-user bonus doesn't apply there.

United StatesyouYes, except New York
EU / EEAMiCA license (Ireland); the $10 bonus applies
United KingdomYes, but no $10 new-user bonus
CanadaAvailable
AustraliaAvailable
IndiaIts apps were ordered removed by the financial intelligence unit
Sanctioned countriesIran, Cuba, North Korea, Syria and others

Kraken vs Coinbase vs Bybit: Which Is Cheaper?

In the US, Kraken is the cheaper of the two big exchanges: 0.40% / 0.80% on Kraken Pro against Coinbase Advanced's reported 0.60% / 1.20%, plus the $10 bonus. Bybit and OKX's global exchange don't take US residents.

In the EU, residents trade on regional platforms: Bybit EU charges one 0.25% rate and OKX's EEA platform 0.35% for a market order on a spot account — still less than Kraken Pro's 0.80%, so for frequent trading they cost less. Kraken's $10 bonus wins on a first purchase of up to about $1,800, and some readers prefer Kraken's longer record. In the UK, OKX and Bybit (back since December 2025) charge about 0.1%; Kraken and Coinbase work there too. Our fee calculator shows the cost of your exact trade by country.

At a glance
Kraken
Coinbase
Bybit
Order-book fee, entry tier (maker / taker)0.40% / 0.80%0.60% / 1.20% (reported)0.10% / 0.10% (Bybit EU: 0.25%)
App instant buy1% + spreadFee + spread shown at checkoutConvert: margin built into the quote
New-user cash bonus$10 in BTC ($100 deposit + $100 traded)—Task-based coupons, not cash
US residentsYes (not New York)YesNo
UK residentsYes (no bonus)YesYes since Dec 2025 (spot, P2P)
EU licenseMiCA, Ireland (2025)MiCA, Luxembourg (2025)MiCA, Austria (2025)
Proof of ReservesYes, since 2014No Merkle-tree PoRYes, audited by Hacken

Who Should Pick Another Exchange

Kraken is a weaker fit if you live in New York or India, if you trade small amounts many times a month outside the US (Bybit and OKX cost less per trade), or if you only ever want to tap Buy in an app — in that case, the 1% plus spread adds up. For everyone who will use Kraken Pro, it's one of the best-regulated places to buy and sell crypto.

What You Can Do on Kraken

Kraken app

Instant buy, sell and convert at 1% plus a spread; recurring buys at 1%; custom orders at 1.5%.

Kraken Pro

The order book on the same account: 0.40% maker / 0.80% taker at the entry tier, lower with volume or assets held.

Kraken+

A membership that waives the 1% and 1.5% trading fees on up to $10,000 a month; the spread and payment-method fees still apply.

More on Kraken

Margin, futures, on-chain staking, stocks and xStocks are on Kraken's fee page; what you can use depends on your country.

Kraken's Toncoin price page with a price chart and a Toncoin calculator
A Kraken coin page: the live price and a calculator. Kraken still trades Toncoin as TON after the GRAM rebrand.

How to Start on Kraken

  1. 1

    Open a Kraken account and verify your identity.

  2. 2

    Deposit by bank transfer or crypto — card deposits don't count toward the $10 bonus.

    Kraken's table of crypto deposit minimums and fees: Gram (Toncoin) has a 1 TON minimum, and the deposit fee is free
    Kraken's deposit table: crypto deposits are free above a small minimum per coin — 1 TON for Gram (Toncoin).
  3. 3

    Switch to Kraken Pro (same account and login) instead of the app's Buy button.

  4. 4

    Place a limit order (0.40%) or a market order (0.80%) at the entry tier.

  5. 5

    Trade $100 in total to unlock the $10 in Bitcoin.

  6. 6

    Turn on passkey or YubiKey 2FA and the Global Settings Lock.

  7. 7

    Move long-term holdings to your own wallet — a BTC withdrawal costs 0.000015 BTC.

Open Kraken Pro — $10 in Bitcoin after your first $100

Kraken Pro: 0.40% limit / 0.80% market orders, not the app's 1% plus a spread. Fund $100 by bank or crypto, trade $100, get $10 in Bitcoin — cards don't count.

Open Kraken Pro · Get $10 Back

Kraken-App — am einfachsten

Gleiches Konto · ein Tipp · 1 % + Spread

Kraken-App öffnen

100 $ einzahlen, für 100 $ Krypto kaufen — 10 $ zurück

Empfehlungscode
Bei der Registrierung eingeben · Bonus in Bitcoin · Bank- oder Krypto-Einzahlung, Karten zählen nicht
Bedingungen und Fragen zum Code (auf Englisch) →

Kraken FAQ

Is Kraken a good exchange?

Yes, for most people who will use Kraken Pro: entry-tier fees of 0.40% / 0.80%, no customer funds lost to a hack since 2011, Proof of Reserves since 2014, and licenses in the EU and US. The app's instant Buy costs more (1% plus a spread), so it's worth learning Kraken Pro.

Is Kraken cheaper than Coinbase?

On the order book, yes: Kraken Pro's entry tier is 0.40% maker / 0.80% taker, Coinbase Advanced's is reported at 0.60% / 1.20%. New Kraken users also get $10 in Bitcoin after a $100 bank or crypto deposit plus $100 traded.

What's the difference between Kraken and Kraken Pro?

Same account, same login, two screens. The Kraken app's Buy button charges 1% plus a spread; Kraken Pro is the order book, where you pay only the trading fee — 0.40% for a limit order or 0.80% for a market order at the entry tier.

Does Kraken have a sign-up bonus?

Yes: $10 in Bitcoin for new users after a deposit of at least $100 by bank transfer or crypto and $100 traded. Card deposits don't count, and the offer isn't available in the UK or Singapore.

Is Kraken available in the US and the UK?

Yes in both, with exceptions: in the US Kraken isn't licensed in New York, and in the UK the $10 new-user bonus doesn't apply.

Is Kraken safe?

It's one of the safest major exchanges: no customer funds lost to a hack in more than 14 years, a Proof of Reserves you can check against your own balance, an EU MiCA license from the Central Bank of Ireland, and the SEC's 2023 lawsuit dismissed in March 2025.

What are Kraken's withdrawal fees?

Crypto withdrawals cost a flat network fee per coin — 0.000015 BTC, 0.00017 ETH, 0.005 SOL or 0.1 TON (GRAM) — and crypto deposits are free. Bank and card methods show their fee before you confirm.

How much does it cost to buy $500 of Bitcoin on Kraken?

$5 plus a spread with the app's instant Buy (1%), $4 with a market order on Kraken Pro (0.80%) or $2 with a limit order (0.40%). New users who deposit at least $100 by bank transfer or crypto and trade $100 get $10 in Bitcoin back — except in the UK and Singapore.

How do Kraken's fee tiers work?

Kraken Pro's fee falls with your 30-day volume across spot, margin and futures, or with the assets you hold on Kraken — whichever gives the better tier. From $10,000 traded a month or $20,000 held it's 0.22% maker / 0.38% taker; from $100,000 traded or $200,000 held, 0.12% / 0.25%. Instant Buy volume doesn't count.

What is Kraken+?

A Kraken membership that waives the 1% fee on instant and recurring buys and the 1.5% fee on custom orders, on up to $10,000 of trading a month. The spread and payment-method fees still apply.

Does Kraken have Proof of Reserves?

Yes — since 2014, the first major exchange to publish one. The snapshot of 30 June 2026 shows reserve ratios of 102.9% for BTC, 100.5% for ETH, 100.6% for SOL, 102.3% for XRP, 100.3% for ADA and 105%+ for USDC, USDT and USDG, and you can check that your own balance was included.

Can I use Kraken in Europe?

Yes. Kraken's EU entities are regulated by the Central Bank of Ireland under MiCA, and the $10 new-user bonus applies. Per order, Bybit EU (0.25%) and OKX's EEA platform (0.20% / 0.35%) cost less, but on a first purchase of up to about $1,800 Kraken's bonus outweighs the difference.

How We Checked

Every number on this page comes from the source below, read on the date shown; fees come from the same data as our fee calculator. There are no scores: each verdict states a fact you can check. We earn a commission when you open an account through our links; it doesn't change what we write. How we verify.