🦑 Kraken
The most security-obsessed crypto exchange in the industry. Zero major hacks since 2011, transparent reserves, and competitive fees through Kraken Pro.
⚠️ Affiliate Disclosure: We may earn a commission if you sign up via our links, at no extra cost to you. Our reviews remain fully independent.What is Kraken?
Kraken was founded in 2011 in San Francisco, making it one of the oldest continuously operating crypto exchanges in the world. It has never suffered a major security breach, maintains proof-of-reserves auditing for full transparency, and operates in 190+ countries with support for 7 fiat currencies. Kraken is widely regarded as the most trustworthy major exchange in crypto.
Who is Kraken best for?
Kraken is best for security-conscious investors who prioritize trust above all else, intermediate to advanced users who want competitive fees via Kraken Pro, and anyone who wants to earn staking rewards on their crypto holdings. It is a strong alternative to Coinbase for US investors who have done their research.
Pros & Cons
✓ Pros
- Zero major hacks since founding in 2011
- Proof-of-reserves transparency auditing
- Kraken Pro fees as low as 0.16% maker
- Staking on ETH, DOT, SOL, and more
- Available in 190+ countries
- OTC desk for large orders
- 7 supported fiat currencies
✗ Cons
- Fewer coins than Binance
- Basic interface less polished than Coinbase
- Staking restricted in some US states
- Funding options vary by country
- Customer support response time can be slow
Our Verdict
Kraken's unmatched security record in a scandal-ridden industry makes it uniquely trustworthy. Use Kraken Pro (free, same account) for competitive fees, take advantage of staking for passive yield, and trust that your funds are backed by transparent, audited reserves. A strong choice for any investor who has moved past the beginner stage.
Visit Kraken ↗