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Offer from Kraken
Trade 530+ crypto assets on the most secure exchange—never hacked in 15 years, first crypto firm with Fed mast
4.5
+Pros
- Never hacked in 15-year history
- First crypto firm with Fed master account (March 4, 2026—direct settlement on Fedwire under Federal Reserve oversight)
- Zero-fee options via Kraken+ ($4.99/mo or $49.99/yr with 30-day free trial) and USDe pairs
- ISO/IEC & SOC 2 Type 2 certified
- Proof of Reserves audits (quarterly, publicly verifiable)
- 530+ coins with 1,271+ trading pairs (largest selection among top US exchanges)
- Staking up to 23% APY with Auto-Earn on 15+ PoS cryptos (15% commission)
- Boosted yield rewards for Kraken+ (up to 4.25% APR on USDG, 3.75% on USDC)
- Kraken Pro for advanced traders
- Strong US/EU regulation (49 state licenses, Wyoming SPDI, MiCA license covers all 30 EEA countries)
- VIP tiers with maker rebates
- Wyoming headquarters (pro-crypto jurisdiction)
- Futures trading up to 50x leverage
- Free deposits (ACH, SEPA, wire)
- Commission-free stocks and ETFs
- Priority support for Kraken+ members
- Exclusive airdrops via Kraken Drops
- New fee tier discounts based on asset holdings (launching July 9, 2026)
- Full-reserve banking model (100% liquid assets backing client fiat)
−Cons
- Standard Kraken app fees (~1.5% plus spread) higher than competitors without Kraken+
- Customer support can be slow for non-subscribers
- Complex interface for beginners
- Kraken Pro base fees (0.25%/0.40%) higher than some competitors
- Referral program currently unavailable (undergoing maintenance as of June 2026—check official site for restoration updates)
- Stablecoin trades don't qualify for some bonuses
- 15% commission on Auto-Earn staking rewards
- Staking rates are variable
- Fed master account is limited-purpose with no interest on reserves, no discount window access, no FedNow/ACH (subject to annual renewal)
- Kraken+ spreads still apply even with zero fees
- $10k monthly limit on Kraken+ zero-fee trades
- Some US states excluded from specific promos (ME, NY, WA for us50 code)
Features
Spot trading (530+ coins, 1,271+ pairs)Spot trading (530+ coins, 1,271+ pairs)
Futures (up to 50x leverage, 0.02% maker / 0.05% taker base)Futures (up to 50x leverage, 0.02% maker / 0.05% taker base)
Margin tradingMargin trading
Staking with Auto-Earn (up to 23% APY on 15+ PoS cryptocurrencies, 15% commission on rewards)Staking with Auto-Earn (up to 23% APY on 15+ PoS cryptocurrencies, 15% commission on rewards)
Boosted yield for Kraken+ (up to 4.25% APR on USDG, 3.75% on USDC)Boosted yield for Kraken+ (up to 4.25% APR on USDG, 3.75% on USDC)
Stocks & ETFs (commission-free)Stocks & ETFs (commission-free)
OTC deskOTC desk
Kraken Pro platformKraken Pro platform
Mobile appMobile app
Kraken+ subscription ($4.99/mo or $49.99/yr, 30-day free trial)Kraken+ subscription ($4.99/mo or $49.99/yr, 30-day free trial)
Federal Reserve master account access (direct Fedwire settlement since March 4, 2026, limited-purpose framework)Federal Reserve master account access (direct Fedwire settlement since March 4, 2026, limited-purpose framework)
Kraken NFT marketplaceKraken NFT marketplace
Learn & Earn rewardsLearn & Earn rewards
Kraken Bank (Wyoming SPDI)Kraken Bank (Wyoming SPDI)
Kraken Drops (exclusive airdrops for Kraken+ members with early access and larger allocations)Kraken Drops (exclusive airdrops for Kraken+ members with early access and larger allocations)
Priority support for Kraken+ subscribersPriority support for Kraken+ subscribers
New tiered fee discounts based on holdings (launching July 9, 2026)New tiered fee discounts based on holdings (launching July 9, 2026)
MiFID-regulated derivatives (EU)MiFID-regulated derivatives (EU)
EMI-licensed fiat/payment services (EU)EMI-licensed fiat/payment services (EU)
Fee Structure
Trading FeeKraken standard app: ~1.5% plu
Withdrawal FeeCrypto: varies by asset and network (BTC ~0.00005 BTC or ~$2
Deposit FeeFree for all crypto and fiat bank transfers (ACH, SEPA, wire
Signup Bonus
Up to $200 with promo code g8474kwz OR $50 with code us50
Multiple bonus options: (1) Promo code g8474kwz: Up to $200 bonus for new users (copy code and paste into "Referral Code" or "Promo Code" field during sign-up). (2) US-only promo code us50: $50 bonus for depositing $200+ via Plaid and completing $10+ trade (first 20,000 users only; excludes ME, NY, WA residents). Kraken+ subscribers receive 30-day free trial. One bonus per household. NOTE: The referral program (previously offering up to $1,500 total via $75 per friend referrals with max 20 referrals) is currently undergoing maintenance and temporarily unavailable as of June 2026—check official site for updates on restoration.
Expert Verdict
Kraken is one of the longest-running cryptocurrency exchanges, founded in 2011 and headquartered in Cheyenne, Wyoming since June 2025. On March 4, 2026, Kraken became the first crypto firm to receive a Federal Reserve master account, enabling direct Fedwire settlement under Fed oversight. Never hacked in its 15-year history.
*Terms & Conditions: Alias animi labque, deserunt distinctio eum excepturi fuga iure labore magni molestias mollitia natus, officia pofro Alias architecto asperiores, dignissimos illum ipsam ipsum itaque, natus necessitatibus officiis, perferendis quae sed ullam veniam vitae voluptas
