Kraken 2025: Safest Crypto Exchange for Advanced Traders

Kraken Review (2025): Is It a Safe Crypto Exchange to Trade?

Kraken, established in 2011, is a popular cryptocurrency exchange known for its high security measures, support for various cryptocurrencies, and advanced trading features. The exchange is licensed in the U.S. and Europe and has high-level security features such as 2FA and cold storage. Many crypto traders prefer Kraken due to its regulatory compliance and various options for trading, such as spot trading, futures, and margin trading. However, some users find its fee structure a bit expensive compared to other exchanges.

Kraken offers over 300 cryptocurrencies for trading, including well-known coins like Bitcoin, Ethereum, and Litecoin. The platform also adds new coins regularly, including some popular meme coins. Kraken is available in 47 U.S. states, serving millions of users worldwide. It processes over $207 billion in quarterly trading volume.

Kraken's security measures include two-factor authentication, encryption, and offline cold storage for most user funds. The exchange has never experienced a major security breach, contributing to its reputation as a very safe platform. Kraken is also ISO/IEC 27001:2013 certified and has passed a SOC 2, Type 1 check, ensuring transparency and trustworthiness among customers.

Kraken's trading fees follow a maker-taker structure, starting at 0.25% for makers and 0.40% for takers. As the 30-day trading volume increases, these fees decrease. Kraken does not charge deposit fees for most methods, but withdrawal fees depend on the currency and method used. The exchange offers a mobile app for both Android and iOS devices, as well as a Kraken Pro app for experienced traders with advanced charting tools and lower fees.

To open a new account on Kraken and buy or sell crypto, users need to complete steps like creating an account, verifying their identity, and depositing funds. Kraken offers a staking service, where users can earn rewards by holding and "staking" certain cryptocurrencies. The exchange also provides a Kraken Wallet app for storing and managing crypto, NFTs, and multiple Defi wallets.

Kraken's competitors include Crypto.com