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This is not a recommendation. Reviews and information on this page are for informational purposes only. Always do your own research before depositing money on any exchange.

About Kraken

One of the World's Oldest Exchanges

Founded in 2011, Kraken is one of the longest-running and most trusted cryptocurrency exchanges in the world. It has never suffered a major hack and is widely respected for its security practices.

Kraken is FCA-registered in the UK and offers two tiers: Kraken (beginner-friendly) and Kraken Pro (advanced trading tools and lower fees for active traders).

Both platforms share the same account — you can switch between them without creating a separate login.

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FCA RegisteredKraken is registered with the Financial Conduct Authority (FCA) under the Money Laundering Regulations. You can verify this at register.fca.org.uk.

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Same account, two interfacesKraken and Kraken Pro use the same login. Kraken Pro is simply a more advanced view with lower fees — ideal once you're comfortable with the basics.

✅ Pros

✓Never suffered a major hack in 13+ years
✓FCA registered in the UK
✓GBP deposits via Faster Payments (free & instant)
✓Supports BTC, ETH, SOL, XRP, ADA, USDT and 200+ more
✓Strong staking options for passive income
✓Pro version has very competitive fees (0.16% maker)
✓24/7 customer support via live chat

❌ Cons

✗Standard interface can feel dated for beginners
✗Kraken Pro has a learning curve
✗Fewer coins than some competitors (e.g. Binance)
✗Card purchases carry a 3.75% fee
✗No FSCS protection (as with all crypto exchanges)

Standard Platform

Kraken — For Everyday Buyers

The standard Kraken interface is designed for everyday crypto buyers. It offers a simple "Instant Buy" feature, a clean portfolio view, and straightforward GBP deposits via Faster Payments.

If you're buying crypto for the first time and want a reliable, well-established platform without too many complicated options, standard Kraken is a solid choice.

Feature	Detail
Instant Buy fee	~1.5% spread
GBP deposit (Faster Payments)	Free & instant
Card deposit fee	3.75%
Minimum purchase	~£10
Withdrawal fee (GBP)	£0.20 via Faster Payments
Staking available	Yes
Mobile app	iOS & Android
2FA support	Yes

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Tip for UK usersAlways use Faster Payments (bank transfer) to deposit — it's free and instant. Avoid debit card deposits which carry a 3.75% fee that quickly adds up.

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KYC requiredYou must verify your identity before buying. Have your passport or driving licence and a proof of address ready. Most verifications complete within minutes.

Advanced Platform

Kraken Pro — For Active Traders

Kraken Pro is the advanced trading interface, offering full order books, charting tools, and significantly lower fees for active traders. It uses a maker/taker fee model — the more you trade, the lower your fees.

You don't need a separate account — just switch to Pro mode from your existing Kraken login.

Feature	Detail
Maker fee (starter)	0.16%
Taker fee (starter)	0.26%
Fee reduction	Scales down with volume
Order types	Market, Limit, Stop, Take Profit
Charting tools	Advanced (TradingView)
API access	Yes — REST & WebSocket
Margin trading	Available (high risk)
Futures	Available (high risk)

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Kraken Pro is not for beginnersMargin trading and futures carry extreme risk. You can lose more than your initial deposit. Only use these features if you fully understand how they work.

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Same account, lower feesSwitching to Pro costs nothing — your balance, history, and verified identity carry over instantly. The main benefit is much lower trading fees.

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Kraken & Kraken Pro