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Kraken Logo

Kraken

4.4(2.200 reviews)

Established crypto exchange with strong security and margin trading

FinCEN RegulatedSince 2011
88
Trust Score
Very Good
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* External link. BeInOptions receives no compensation from this broker. All information is for educational purposes only and does not constitute investment advice.

10 $
Min. Deposit
3
Instruments
FinCEN
Regulation
3
Platforms

Key Features

Crypto

Crypto trading available

Staking

Staking trading available

Futures

Futures trading available

Kraken Web

Trading Platform

Kraken Pro

Trading Platform

Kraken App

Trading Platform

Advantages

  • Over 200 cryptocurrencies
  • Strong focus on security
  • Margin and futures trading
  • Staking with attractive yields
  • Low fees for high-volume traders

Disadvantages

  • User interface less intuitive
  • Fiat deposit fees depending on method

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* External link. BeInOptions receives no compensation from this broker. All information is for educational purposes only and does not constitute investment advice.

About Kraken

Kraken was founded in 2011 in San Francisco and is one of the oldest and most secure crypto exchanges worldwide. Registered with FinCEN, Kraken has built an excellent reputation for security – the exchange has never been hacked and employs comprehensive security measures such as cold storage, proof-of-reserves, and multi-factor authentication. Kraken serves millions of customers in over 190 countries. The trading offering includes over 200 cryptocurrencies, staking, and futures trading. Fees start from 0.00% for makers and 0.26% for takers, decreasing with rising trading volume. Kraken offers margin trading with up to 5x leverage and futures trading for more experienced traders. The minimum deposit is only $10. Kraken is suitable for both beginners who want to buy cryptocurrencies in a secure environment and advanced traders who want to benefit from margin and futures trading.

Kraken FAQ

How secure is Kraken?
Kraken is considered one of the most secure crypto exchanges in the world. The exchange has never been hacked since its founding in 2011. Kraken uses cold storage for the majority of assets, proof-of-reserves for transparency, and multi-layered security mechanisms.
What are the trading fees at Kraken?
Trading fees at Kraken start from 0.00% for makers and 0.26% for takers. The higher your 30-day trading volume, the lower the fees become. High-volume traders can achieve significantly better rates.
Does Kraken offer staking?
Yes, Kraken offers staking for various cryptocurrencies with attractive yields. You can stake your coins directly on the platform without technical know-how. Yields vary depending on the cryptocurrency.
What is Kraken Pro?
Kraken Pro is Kraken's advanced trading platform with professional charting tools, advanced order types, real-time order books, and a detailed trading interface. It offers lower fees than the simple Kraken interface.
Strategies × Top Stocks

Popular Strategies to Try

Concrete example trades you can replicate after opening your account at Kraken.

Tesla logo
Long Straddle
TSLA

Long Straddle · Tesla

Tesla Inc.

Highly volatile — no clear direction · highly volatile mover

IV 5095%View example trade
NVIDIA logo
Long Straddle
NVDA

Long Straddle · NVIDIA

NVIDIA Corporation

Highly volatile — no clear direction · volatile stock

IV 4080%View example trade
Apple logo
Covered Call
AAPL

Covered Call · Apple

Apple Inc.

Neutral to mildly bullish · calm stock

IV 2032%View example trade
SAP logo
Covered Call
SAP

Covered Call · SAP

SAP SE

Neutral to mildly bullish · calm stock

IV 1830%View example trade
Amazon logo
Cash-Secured Put
AMZN

Cash-Secured Put · Amazon

Amazon.com Inc.

Neutral to mildly bullish · medium-volatility stock

IV 2542%View example trade
S&P 500 ETF logo
Iron Condor
SPY

Iron Condor · S&P 500 ETF

SPDR S&P 500 ETF

Neutral / Sideways · calm stock

IV 1222%View example trade
Nasdaq-100 ETF logo
Iron Condor
QQQ

Iron Condor · Nasdaq-100 ETF

Invesco QQQ ETF (Nasdaq-100)

Neutral / Sideways · calm stock

IV 1628%View example trade
Palantir logo
Bull Call Spread
PLTR

Bull Call Spread · Palantir

Palantir Technologies Inc.

Bullish · highly volatile mover

IV 5590%View example trade
MicroStrategy logo
Bull Call Spread
MSTR

Bull Call Spread · MicroStrategy

MicroStrategy Inc.

Bullish · highly volatile mover

IV 85160%View example trade
Coinbase logo
Bear Put Spread
COIN

Bear Put Spread · Coinbase

Coinbase Global Inc.

Bearish · highly volatile mover

IV 65120%View example trade
Microsoft logo
Butterfly Strategy
MSFT

Butterfly Strategy · Microsoft

Microsoft Corporation

Neutral — stock expected to stay near the center strike · calm stock

IV 1830%View example trade
NVIDIA logo
Bull Call Spread
NVDA

Bull Call Spread · NVIDIA

NVIDIA Corporation

Bullish · volatile stock

IV 4080%View example trade