Major US cryptocurrency exchange founded in 2011, offering trading in over 200 cryptocurrencies with strong security.
For serious crypto traders, Kraken US is hard to beat. Advanced order types, deep liquidity, margin trading, and excellent API for algorithmic trading. Their fee tiers are competitive and the platform has never gone down on me during volatile periods. This is what professional crypto trading looks like.
Pros: Advanced features, deep liquidity, reliable uptime
Cons: Complex for casual users
What sets Kraken US apart for me is the regulatory compliance. In a space full of questionable operations, they've obtained proper licenses and maintain high standards. Proof of reserves is published regularly. Trading is smooth and withdrawals to my cold wallet have always been fast.
Pros: Regulated, proof of reserves, fast withdrawals
Cons: Sometimes new coins are listed later than competitors
If you're just looking to buy and hold crypto long-term, Kraken US is fine. The security gives me peace of mind. But for active trading, the interface isn't great - limited order types, basic charting, and higher fees compared to dedicated trading platforms. Use it for what it's good at.
Pros: Good security for long-term holding
Cons: Not suitable for active trading, limited tools
I've been buying and selling crypto through Kraken US for over two years now. The security is excellent - two-factor authentication, cold storage for majority of assets, and instant notifications for any account activity. The interface makes it easy to trade and track my portfolio. Very satisfied.
Pros: Top-notch security, user-friendly interface, good notifications
Cons: Fees slightly higher than some alternatives
Had a reasonable experience with Kraken US for months until my account was suddenly restricted without clear explanation. It took three weeks and dozens of support tickets to get it resolved. Apparently it was a routine compliance check but the lack of communication was unacceptable. My funds were inaccessible during this time.
Pros: Works fine when your account is active
Cons: Random account freezes, terrible communication during issues
As someone new to cryptocurrency, Kraken US made it incredibly easy to get started. The sign-up process was quick, identity verification took less than a day, and buying my first Bitcoin was straightforward. Their educational content helped me understand the basics. Still using them two years later.
Pros: Easy for beginners, fast verification, good education
Cons: Advanced features are limited