Kraken Review 2021

Kraken is a top crypto trading exchange offering the largest altcoins by market cap.

Kraken is broker that provides access to Cryptos. Surprisingly, Kraken does not support either of the enormously popular MetaTrader platforms (4 and 5).

In terms of features offered to traders, Kraken has Demo Accounts but is missing Islamic Accounts, Social Trading, Signals and Auto Trading.

Cryptocurrency traders will have lots of options at Kraken, with 56 different coins to trade: AAVE, ALGO, ANT, REP, REPV2, BAT, BAL, XBT, BCH, ADA, LINK, COMP, ATOM, CRV, DAI, DASH, MANA, XDG, EWT, EOS, ETH, ETC, FIL, FLOW, GNO, ICX, KAVA, KEEP, KSM, KNC, LSK, LTC, MLN, XMR, NANO, OCEAN, OMG, OXT, PAXG, DOT, QTUM, XRP, SC, XLM, STORJ, SNX, TBTC, USDT, XTZ, GRT, TRX, UNI, USDC, WAVES, YFI and ZEC.

Careful traders will be pleased to know that Kraken is licensed to provide trading services by multiple regulatory bodies, 5 in fact, including the FCA.

Kraken Summary

Kraken is a top crypto trading exchange offering the largest altcoins by market cap.

Ratings

90%
Trust
16%
Instruments
14%
Features
BonusNone
InstrumentsCryptos
Demo Account
Min. Deposit0.0001 XBT
Min. Trade0.0002 XBT
Regulated ByFCA, FinCEN, FINTRAC, AUSTRAC, FSA
MetaTrader 4
MetaTrader 5
cTrader
DMA Account
ECN Account
Mobile Apps
Auto Trading
Trade Signals
Social Trading
Copy Trading
Islamic Account

Cryptocurrency Trading

Spread0-2% average
CoinsAAVE, ALGO, ANT, REP, REPV2, BAT, BAL, XBT, BCH, ADA, LINK, COMP, ATOM, CRV, DAI, DASH, MANA, XDG, EWT, EOS, ETH, ETC, FIL, FLOW, GNO, ICX, KAVA, KEEP, KSM, KNC, LSK, LTC, MLN, XMR, NANO, OCEAN, OMG, OXT, PAXG, DOT, QTUM, XRP, SC, XLM, STORJ, SNX, TBTC, USDT, XTZ, GRT, TRX, UNI, USDC, WAVES, YFI, ZEC

Payment Methods

Kraken accepts the following payment methods:

  • Bitcoin Payments
  • Wire Transfer
Risk Warning – Your capital is at risk

FAQ

Is Kraken Safe?

Yes, we gave Kraken a high 90% trust score in our review and believe traders should be safe here. One of the main positives for Kraken is that they're regulated by our own Financial Conduct Authority (FCA) here in the UK.

Does Kraken Accept PayPal?

No, Kraken does not accept PayPal payments.

Is Kraken Halal?

Probably not, as Kraken does not offer an Islamic trading account as far as we know. For alternatives, please see the list of halal brokers.

Is Kraken Regulated?

Yes, Kraken is regulated by 5 different regulators: FCA, FinCEN, FINTRAC, AUSTRAC and FSA. Most importantly, they're regulated by our own strong FCA here in the UK.

Kraken vs Other Brokers

If you want to compare Kraken with other brokers, use the detailed comparisons below.

Kraken vs
Kraken is a top crypto trading exchange offering the largest altcoins by market cap.