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Kraken Reviews & Product Details

Kraken Overview

What is Kraken?

Kraken is one of the world’s longest-standing digital asset platforms. Globally, Kraken clients trade more than 200 digital assets and 6 different national currencies, including GBP, EUR, USD, CAD, CHF and AUD. Kraken was founded in 2011 and was one of the first exchanges to offer spot trading with margin, parachain auctions, staking, regulated derivatives and index services. In 2022, Kraken launched a custodial NFT marketplace. Kraken is trusted by more than 10 million traders and institutions around the world and offers professional, around-the-clock online support. Kraken markets can be monitored and traded via the web or through the Kraken iOS and Android apps.

Kraken Details
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Product Description

Kraken is the largest Bitcoin exchange in euro volume and liquidity and also trading Canadian dollars, US dollars, British pounds and Japanese yen.


Seller Details
Seller
Kraken
Year Founded
2011
HQ Location
First, West Virginia, United States
Twitter
@krakenfx
1,630,091 Twitter followers
LinkedIn® Page
www.linkedin.com
552 employees on LinkedIn®

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Overview Provided by:

Recent Kraken Reviews

Aqib A.
AA
Aqib A.Mid-Market (51-1000 emp.)
4.5 out of 5
"Amazing"
being able to have different application built in one e.g. taking payments and signing up customers.
RP
Ricky P.Mid-Market (51-1000 emp.)
5.0 out of 5
"R.Phillips Views on Kraken Usage for 4 YOs"
It is now nearly two years ever since I implemented Kraken. Prior to this tool, I was using LocalBitcoins which was full of fraudsters. With Kraken...
Seereeram D.
SD
Seereeram D.Enterprise (> 1000 emp.)
3.5 out of 5
"Central exchange for everything and everyone"
Kraken provides access to the widest range of tokens and is accessible globally. Many other exchanges either do not have the range of tokens or are...
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21 Kraken Reviews

4.1 out of 5
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21 Kraken Reviews
4.1 out of 5
21 Kraken Reviews
4.1 out of 5

Kraken Pros and Cons

How are these determined?Information
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Pros
Cons
This product has not yet received any negative sentiments.

Overall Review Sentiment for KrakenQuestion

Time to Implement
<1 day
>12 months
Return on Investment
<6 months
48+ months
Ease of Setup
0 (Difficult)
10 (Easy)
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Aqib A.
AA
IBA
Mid-Market(51-1000 emp.)
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Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about Kraken?

being able to have different application built in one e.g. taking payments and signing up customers. Review collected by and hosted on G2.com.

What do you dislike about Kraken?

nothing comes to mind yet but if it does.... Review collected by and hosted on G2.com.

What problems is Kraken solving and how is that benefiting you?

signing up customers and reviewing details and accounts all within kraken Review collected by and hosted on G2.com.

RP
Director of Finance & Operations
Supermarkets
Mid-Market(51-1000 emp.)
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Verified Current User
Review source: G2 invite
Incentivized Review
What do you like best about Kraken?

It is now nearly two years ever since I implemented Kraken. Prior to this tool, I was using LocalBitcoins which was full of fraudsters. With Kraken, I am able to trade (buy and sell) bitcoins. It has an iOS mobile application which is easy to use and has clean UI interface. Review collected by and hosted on G2.com.

What do you dislike about Kraken?

Kraken offers low market value for Ethereum (ETH) compared to Coinbase Exchange. Review collected by and hosted on G2.com.

What problems is Kraken solving and how is that benefiting you?

It help me trade over 150 digital assets and offers multi-currencies from EUR, USD, GBH, CAD to AUD.

It makes it a breeze to trade cryptocurrencies in real-time. Review collected by and hosted on G2.com.

Seereeram D.
SD
IT Security Specialist
Enterprise(> 1000 emp.)
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Validated Reviewer
Verified Current User
Review source: G2 invite
What do you like best about Kraken?

Kraken provides access to the widest range of tokens and is accessible globally. Many other exchanges either do not have the range of tokens or are limited in access based on geographic scope. Review collected by and hosted on G2.com.

What do you dislike about Kraken?

In the early days, Kraken was sluggish and had high latency. This however has improved substantially over the years. I use to encounter issues with the site lagging or crashing probably due to scale at the time but as said this has come a huge way since then. Review collected by and hosted on G2.com.

What problems is Kraken solving and how is that benefiting you?

Kraken provides an easy-to-use platform providing real-time information on cryptocurrency prices and fluctuations allowing me to easily buy, sell or exchange. It provides support for all kinds of traders. Review collected by and hosted on G2.com.

CM
Software Engineer
Enterprise(> 1000 emp.)
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Validated Reviewer
Verified Current User
Review source: G2 invite
What do you like best about Kraken?

Easy to setup account and purchase crypto. It allows you to purchase and export to a wallet easily. Very fast transactions Review collected by and hosted on G2.com.

What do you dislike about Kraken?

Requires a lot of documentation, but nothing too complicated. Everything worked as intended. It has a learning curve but nothing too difficult. Review collected by and hosted on G2.com.

Recommendations to others considering Kraken:

ITs a great exchange. I really enjoy using it for all my crypto needs. Nothing to complain about Review collected by and hosted on G2.com.

What problems is Kraken solving and how is that benefiting you?

To easily purchase or sell crypto Review collected by and hosted on G2.com.

Fred J.
FJ
English Teacher
Small-Business(50 or fewer emp.)
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Verified Current User
Review source: G2 invite
Incentivized Review
What do you like best about Kraken?

Kraken is user-friendly and straightforward full of innovative tools for crypto lovers ,It supports most of tokens and cryptos also the verification takes less than 4 mins that's awesome also monitoring the assets us easy on Kraken . Review collected by and hosted on G2.com.

What do you dislike about Kraken?

I am so sad to see it doesn't support BNB which is one of the most popular crypto these days , I still can't figure out why some apps don't use specific tokens ans crypto but BNB is a must hope they can add it soon . Review collected by and hosted on G2.com.

Recommendations to others considering Kraken:

I recommend Kraken to all those who had problem verification with other apps such as Binance and coinbase since it's easy and straightforward. Review collected by and hosted on G2.com.

What problems is Kraken solving and how is that benefiting you?

I use Kraken to deposite , buy , sell and convert cryptocurrency it also helps me to monitor the changes and see the updates through its beautiful UI which is so smooth . Review collected by and hosted on G2.com.

kabilwa S.
KS
Assistant Librarian
Small-Business(50 or fewer emp.)
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Validated Reviewer
Verified Current User
Review source: G2 invite
Incentivized Review
What do you like best about Kraken?

The platform has a variety of crypto tokens to select, giving a client more options. The platform also offers high-level security through a well-organized and systematic verification process with a two-factor authenticator (2FA) security feature. Review collected by and hosted on G2.com.

What do you dislike about Kraken?

The fees are relatively high if compared with Binance or Nexo. They also take time to enlist new coins on the platform, which makes clients feel they lose out on tokens that have sudden bull runs. Review collected by and hosted on G2.com.

What problems is Kraken solving and how is that benefiting you?

Security of digital assets. Easy transfer of tokens across wallets. I am learning about new tokens, navigating the different crypto platforms, and how they work. My skills of using platforms such as Kraken have greatly improved, given that the crypto space is relatively new to me. Review collected by and hosted on G2.com.

Verified User in Higher Education
UH
Small-Business(50 or fewer emp.)
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Verified Current User
Review source: G2 invite
Incentivized Review
What do you like best about Kraken?

I like Kraken's low fees, secure site, and how easy it is to use. Review collected by and hosted on G2.com.

What do you dislike about Kraken?

Initially I did not like that there was no app, but now I see there is a new phone app available! There is a sequence and process to setting up an account, but once you complete it, you're set. Review collected by and hosted on G2.com.

What problems is Kraken solving and how is that benefiting you?

I was able to transfer cryptocurrency from a paper wallet to my Kraken account to be prepared to sell it when I am ready. With so many cryptocurrency trading platforms now available, it's important to choose one that is secure and reputable. Review collected by and hosted on G2.com.

Verified User in Information Technology and Services
UI
Small-Business(50 or fewer emp.)
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Validated Reviewer
Review source: G2 invite
What do you like best about Kraken?

Vert fast and friendly customer service and business documents review. Review collected by and hosted on G2.com.

What do you dislike about Kraken?

Haven't found any downsides yet, everythings cool! Review collected by and hosted on G2.com.

What problems is Kraken solving and how is that benefiting you?

Kraken is the best place to trade crypto with your business. Review collected by and hosted on G2.com.

Verified User in Investment Management
UI
Small-Business(50 or fewer emp.)
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Review source: G2 invite
Incentivized Review
What do you like best about Kraken?

Kraken has been great when compared to other exchanges I have used. There is plenty of volume to ensure that you will be able to execute orders and unlike others the orders actually go through when submitted.

They have been doing upgrades to the platform over the last few years since 2018 that have significantly increased the reliability of the platform. This has increased confidence in high volume order times significantly. Review collected by and hosted on G2.com.

What do you dislike about Kraken?

The only negative I have is last year the platform was down for around 2 weeks while doing maintenance. This was just simply too long. (2018).

Looking at 2020 there have not been any issues with the platform so far. The only issue I had was getting approved for a higher level on my account due to a glitch on the site. It was an easy fix where you just had to email support. Review collected by and hosted on G2.com.

Recommendations to others considering Kraken:

Highly recommend using Kraken over different trading platforms. I like them more than the other well known platforms such as coinbase. The reason for this is they provide all of the tools and higher quality charts without having to move to another version of the site. Additionally, they have a large xrp market which is what I primarily look for. Review collected by and hosted on G2.com.

What problems is Kraken solving and how is that benefiting you?

Provide the opportunity to invest in cryptocurrency easily. Review collected by and hosted on G2.com.

GL
Daily Trader, Daily Trading Consultant
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite
Incentivized Review
What do you like best about Kraken?

Kraken is a simple platform and easy to understand - whether you're new or old user.

Kraken's support team really helped us with a lot issues and problems - quick responses, deep understanding.

Kraken supports USD and EUR currencies - there are few crypto exchanges that supports fiat money, and if they are - they support only USD and not USD&EUR. Review collected by and hosted on G2.com.

What do you dislike about Kraken?

Often, the list of the live orders got stuck, after refreshing it with CTRL+F5 its working again.

Kraken doesn't have a mobile application.

Kraken has small amount of crypto assets to trade (comparing to other cryptocurrencies markets). Review collected by and hosted on G2.com.

Recommendations to others considering Kraken:

Use Kraken platform if you are a business looking for a reliable & stable platform.

Use the direct USD or EUR trading markets, it is saving you costs of fees and convertion rates.

There are a lot of fake of Kraken mobile applications - do not download or use it in your mobile phone. Review collected by and hosted on G2.com.

What problems is Kraken solving and how is that benefiting you?

Kraken supports USD and also EUR currencies (deposit, withdraw and also USD/EUR markets for direct tradings) - this is really meaningful and assits us - as a company with variety customers.

Kraken is a stable & reliable platform, as a business with a lot of tradings - we are looking for these advantages rather than good design or UI solutions. Review collected by and hosted on G2.com.