Welcome to our Kraken review where we see whether this site has what you’re looking for in terms of crypto trading. This means that you’ll get to learn what crypto coins you can buy and sell here, and we’ll also examine what Kraken does in regard to recent innovations like dapps and NFTs. Plus we’ll be putting your online safety first by examining the site’s reputation and letting you know about those all-important fees. So if there was anything you wanted to know about Kraken, you’ll find it all right here.

The Kraken crypto offering

We found that Kraken features pretty much all of the crypto coins featured in our blockchains list. After all, we found over 200 crypto coins in this Kraken review and these include everything from Bitcoin and Ethereum to Tezos, Dogecoin, Cardano, Lumen, Tron and Bitcoin Cash.

Plus there are many more obscure coins featured here like Algorand, Aave, Kusama and much more. Just so you know, Kraken also lets you invest in stable coins like Tether and it’s got good coverage of play-to-earn coins like Axie Infinity Shard, Decentraland and so on.

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Enjoy quality online trading at Kraken

Kraken has clearly worked hard to create a comprehensive yet user-friendly online trading environment. There’s a good Instant Buy option that’s a great choice for newcomers as it simply lets them make a one-off purchase of a wide range of cryptos.

Beyond this, you’ll find that the Kraken Pro interface is packed with powerful features for spot and margin trading. This means that you’ll get a wealth of market data to calculate the spread and execute your trades. Kraken Pro benefits from low spreads and a deep liquidity across all markets.

There’s also a low latency API to give you hgh rate limits with fast execution. So whether you want to enjoy margin trading with up to 5% leverage or invest in over 70 futures contracts, you’ll find it all at the powerful Kraken Pro interface. We should also note that there’s an excellent Kraken Pro app that gives you all of this trading potential from the convenience of your smartphone or tablet.

Web3 coverage at Kraken

Few things have rocked the internet more than NFT stocks over the past few years. So it makes perfect sense that Kraken would have a hugely exciting NFT marketplace that is currently in beta development.

This looks to be hugely promising as it’ll allow you to purchase the hottest NFTs with cash or nearly 200 cryptos, enjoy zero gas fees and protect your digital assets with Kraken’s legendary security technology. So watch this space for more about when the Kraken NFT marketplace gets launched.

Can you stake crypto at Kraken?

Lots of people now turn to crypto staking as a way of making some income just for storing their digital assets at an online resource. Kraken is a great place for crypto staking and you can earn up to 24% just by staking your assets with the brand.

The staking rates vary according to the crypto coin used with Ethereum offering a rate of between 4% and 7% while staking Mina or Polkadot could earn you up to 20%. You’ll get a choice of a flexible or Bonded 3D staking account when you do this, with the Bonded 3D option giving you a greater yield on your investment.

Your guide to Kraken Fees

Every kind of crypto exchange will have to make money somehow, and fees are a big part of how they do this. The good news is that Kraken is always upfront about the fees that it imposes and you can just check the brand’s Fee Schedule page to see how much you’ll be charged.

Most people will be trading below $50,000 at a time, and this features a Maker fee of 0.16% while the Taker fee is set at 0.26%. We should let you know that there is a fee of 2% for all NFT transactions at Kraken, although there is no fee here in terms of listings, cancellations or deposits.

Reasons why you can trust Kraken

It can often be a touch scary signing up to new crypto brokers. After all, you will be trusting these sites to look after your digital assets as well as some potentially sensitive personal information.

By signing up to Kraken you can gain confidence in the fact that this is a respected operation that has over nine million clients, is used in over 190 countries around the world, and has a quarterly trading volume in excess of $207 billion.

What matters most is the fact that Kraken has gained regulation from some widely respected financial authorities. These include the FCA in the UK, FINTRAC in Canada, the Digital Currency Exchange in Australia, and the relevant authorities for each of the individual states served in the US.

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Signing up to the Kraken exchange

We couldn’t give you a decent Kraken review without telling you the basic steps for signing up to this crypto exchange. Here is what you need to do:

  • Click on the create account tab: This will load a registration form that asks you to enter in your email, country of residence and come up with a password.
  • Get verified: Now you just have to click on the Get Verified link at the top-right of the site. This will give you the option of having Express, Intermediate or Pro verification. Just note that Express verification is only available in the US, but all levels will require proof of your email, full name, date of birth, telephone number and physical address.
  • Make a deposit: You can do this via Visa, Mastercard, bank transfer or digital wallets. Just so you know, Kraken accepts all major fiat currencies including USD, CAD, AUD, EUR and GBP.
  • Start training: The deposit should show up instantly in your account and now you’ll be free to buy any of the hundreds of different cryptocurrencies featured at Kraken.

Conclusion – Key themes of our Kraken review

This review has shown you that Kraken is a crypto trading platform that you can trust and it’s wonderfully user-friendly too. The brand features all of the cryptos that you could want to trade, and there is a hugely promising NFT marketplace on its way.

Elsewhere you’ll see that Kraken has all of the regulation it needs to give you a trusted way to trade and that its fees are thankfully fairly minimal. So sign up to Kraken for a great way to trade cryptocurrencies.

FAQ

Is Kraken good for beginners?

While the Kraken platform has plenty of advanced tools for crypto trading, it’s also an excellent option for new customers. Not only is the site user-friendly but it’s got lots more cool features like the Instant Buy option and a host of educational tools too.

Is Kraken safe?

Yes, Kraken is one of the safest crypto exchanges you could hope to use. It is fully regulated by top-level financial authorities such as the FCA, and what’s most impressive is that it’s one of the few major crypto exchanges that have never been breached. This is possibly because its servers are held in secure cages that have an armed guard and constant video surveillance.