Long-standing US exchange — strong on security and on-chain proof-of-reserves.
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Kraken is a regulated us exchange in the crypto exchanges category regulated by FinCEN MSB and State money-transmitter licenses. Founded in 2011 and headquartered in San Francisco, CA, operating for 15 years, it is most often used for onboarding USD to a regulated venue.
Why people search for this
Convert dollars to crypto (and back) on a venue that's regulated, liquid and not going to disappear with your funds.
Kraken fits best when you are onboarding USD to a regulated venue, and specifically when want a regulated us on-ramp from a bank account. It also suits investors who need a deep order book on major pairs.
It is not the right pick for someone who needs a fundamentally different product from a regulated us exchange.
Kraken's headline cost is spot trading fee at See attributes. Secondary line items include withdrawal fee (Varies by asset and network). Always cross-check fees against the operator's current pricing page — schedules change without notice.
Kraken is registered with or supervised by FinCEN MSB (verify on FinCEN MSB registrant search), State money-transmitter licenses. Regulatory registration is not a guarantee against loss — it means the firm operates under a defined rule-book and is subject to enforcement when it doesn't.
The closest peer to Kraken in this directory is BingX, also a global exchange. On trading fee the two differ visibly — Kraken shows 0.16%–0.26% (Pro), while BingX shows 0.10%. If you are torn, open both side by side in the compare tool to see every attribute laid out in one table.
| Attribute | Kraken | BingX |
|---|---|---|
| Trading fee | 0.16%–0.26% (Pro) | 0.10% |
| Coins listed | 200+ | 400+ |
| Custody | Custodial + on-chain withdrawals | Custodial |
| Regulation | FinCEN MSB · state money transmitter | Various — restricted in US |
Kraken is a regulated us exchange in the crypto exchanges category, headquartered in San Francisco, CA. Long-standing US exchange — strong on security and on-chain proof-of-reserves.
Kraken is a crypto exchange operating in the United States since 2011. It is registered with FinCEN as a money services business and holds state money-transmitter licenses where required. Customer funds are held in custodial wallets unless the user withdraws to self-custody.
The table below lists every fee Kraken discloses in its current pricing schedule, drawn from the operator's own published pages. Compare line items against rivals in the crypto exchanges compare tool before settling on a primary account.
| Spot trading fee | See attributes |
|---|---|
| Withdrawal fee | Varies by asset and network |
This is the structured feature matrix MoneyMoodBoard editors track for every crypto exchanges listing. A green check means fully supported, an orange dash means conditional on tier or geography, and a red cross means the feature is unavailable today.
These are first-party reviews submitted by verified MoneyMoodBoard readers who actually use Kraken. The average rating is 4.4 of five across 450 ratings, with the distribution and individual write-ups visible below for context.
4.4 / 5
Based on 450 ratings
Seed review summarising public sentiment about Kraken: Long-standing US exchange — strong on security and on-chain proof-of-reserves. Users generally agree with the rating shown, with the trade-offs listed in the cons section being the most cited drawback.
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Before opening an account with Kraken, it helps to understand the category itself. The five short sections below explain how crypto exchanges work, who they suit, the main risks, where they fit in a plan, and the US regulatory rules.
A crypto exchange is where most people buy their first Bitcoin. Centralized exchanges feel like a brokerage; decentralized exchanges run on smart contracts with no intermediary.
Centralized exchanges hold your assets in custody and require identity verification. Decentralized exchanges (DEXes) let you trade directly from your wallet but require you to manage your own keys and gas fees.
Most US users start on a regulated centralized exchange. DEXes are typically used by more experienced users for tokens not listed on major venues.
Centralized exchanges can fail or freeze withdrawals — FTX is the cautionary tale. Self-custody removes counterparty risk but introduces operational risk: if you lose your seed phrase, the funds are gone.
For most US holders, a regulated centralized exchange is the entry point to buy and a hardware wallet is the long-term home for meaningful balances. Keep on-exchange balances limited to what's actively trading; treat the exchange as a checking account, not a savings account.
US crypto exchanges register as money services businesses with FinCEN and obtain state-by-state money transmitter licenses. New York requires a BitLicense; California, Texas, and other states have their own regimes. SEC enforcement actions against major exchanges remain active, and listed-token availability shifts as a result.
Quick definitions for terms used across crypto exchanges listings.
Short answers to the questions people most commonly type into search when researching Kraken. Each answer is composed from this listing's own data — regulator footprint, fees, headquarters, ratings — so it reflects the current state rather than a generic template.
These are the closest peers to Kraken inside the crypto exchanges category on MoneyMoodBoard. Open any card to compare fees, features, regulation and verified user reviews side by side, or add them to the compare tray to evaluate up to four together.
US-only exchange
US-only entity historically affiliated with Binance global.
Global exchange
Global spot, futures, copy-trading exchange.
Pro-trader exchange
Pro-trader exchange — deep BTC/USD order book.
All numeric values, regulatory statuses and license details on this page reference primary sources above. Verify before depositing funds — schedules and registrations change without notice.