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Offer from Kraken
Trade 530+ crypto assets on the most secure exchange—never hacked in 15 years, first crypto firm with Fed mast
+Pros
- Never hacked in 15-year history
- First crypto firm with Fed master account (March 2026—direct settlement on Fedwire)
- Zero-fee options via Kraken+ ($4.99/mo or $49.99/yr with 30-day free trial) and USDe pairs
- ISO/IEC & SOC 2 Type 2 certified
- Proof of Reserves audits (quarterly)
- 530+ coins with 1,271+ trading pairs (largest selection among top US exchanges)
- Staking up to 23% APY with Auto-Earn on 15+ PoS cryptos
- Boosted yield rewards for Kraken+ (up to 4.25% APR on USDG, 3.75% on USDC)
- Kraken Pro for advanced traders
- Strong US/EU regulation (49 state licenses, Wyoming SPDI, MiCA license covers all 30 EEA countries)
- VIP tiers with maker rebates
- Kraken+ offers compelling value ($4.99/mo)
- Wyoming headquarters (pro-crypto jurisdiction)
- Futures trading up to 50x leverage
- Free deposits (all methods)
- Federal Reserve oversight
- Commission-free stocks and ETFs
- Priority support for Kraken+ members
- Exclusive airdrops via Kraken Drops
- New fee tier discounts based on asset holdings (launching July 9, 2026)
−Cons
- Standard Kraken app fees (~1.5% plus spread) higher than competitors without Kraken+
- Customer support can be slow for non-subscribers
- Complex interface for beginners
- Kraken Pro base fees (0.25%/0.40%) higher than some competitors
- Fiat deposit required for referral bonuses (crypto deposits don't qualify)
- Stablecoin trades don't qualify for referral bonus
- 15% commission on Auto-Earn staking rewards
- Staking rates are variable
- Fed master account has limitations (no interest on reserves, no discount window access, no FedNow/ACH, 1-year initial term subject to renewal)
- Kraken+ spreads still apply even with zero fees
- $10k monthly limit on Kraken+ zero-fee trades
- Some US states excluded from specific promos (ME, NY, WA for us50 code)
- Referral program currently under maintenance (June 2026)
Features
Fee Structure
Signup Bonus
Up to $1,500 via referral program, or up to $200 with promo
codes Multiple bonus options: (1) Referral program: Earn $75 per friend who signs up via your referral link on Kraken mobile app, completes KYC, deposits fiat from bank account (crypto/stablecoin deposits don't qualify), and completes first non-stablecoin trade within 30 days. Referrer and referee must be in same country or both in eligible EEA countries. Max 20 referrals = $1,500 total. Bonus paid within 14 days. NOTE: Referral program currently undergoing maintenance (temporarily unavailable as of June 2026). (2) Promo code g8474kwz: Up to $200 bonus for new users (terms vary by region). (3) US-only promo code us50: $50 bonus for depositing $200+ via Plaid and completing $10+ trade (first 20,000 users only; excludes ME, NY, WA residents). Kraken+ subscribers receive 30-day free trial. One bonus per household.
