Kraken Review (2026)
Our verdict: 4.5 / 5
Kraken is one of the oldest exchanges still standing, and it shows in its security culture and transparency — it publishes proof-of-reserves and has never suffered a major custodial hack. Fees are competitive, staking is straightforward, and the Pro interface is excellent. The basic app is a touch plainer than rivals, but for safety-minded users it's a top pick.
How it scores
👍 Pros
- Excellent long-term security record
- Publishes proof-of-reserves
- Competitive fees on Kraken Pro
- 24/7 live chat support
👎 Cons
- Basic interface feels dated
- Fewer obscure altcoins than Binance
- Some features limited by region
- Margin trading restricted in places
How it compares
| Feature | Kraken | Coinbase | Binance |
|---|---|---|---|
| Our score | 4.5 | 4.5 | 4.3 |
| Maker/taker fee | 0.25% / 0.40% | 0.40% / 0.60% | 0.10% / 0.10% |
| Coins listed | 200+ | 240+ | 350+ |
| Proof of reserves | Yes | Partial | Partial |
| Live chat support | Yes | Limited | Limited |
| Best for | Security-minded | First-timers | Low fees |
How we tested
We funded a verified Kraken account by bank transfer, placed spot trades on both the basic app and Kraken Pro, tested staking, and withdrew to an external wallet. We reviewed its proof-of-reserves attestations and two-factor options. Scores weight security most heavily, then fees and usability. We open and fund our own accounts — Kraken does not influence our verdict.
FAQ
Is Kraken safe?
Kraken has one of the strongest security records in the industry — it has operated since 2011 without a major custodial breach and publishes proof-of-reserves so users can verify it holds customer funds. As always, custody your long-term holdings in your own wallet.
Kraken or Coinbase for a beginner?
Coinbase has the slicker first-time experience, but Kraken is nearly as easy and cheaper on Kraken Pro, with arguably stronger transparency. Both are solid, well-regulated choices.