Kraken review
- Fee on a $1,000 buy
- $8by bank transfer
- Bank withdrawal time
- 0–2 days
- Coins
- 721
Published fees for a $1,000 crypto purchase paid by bank transfer on Kraken: $8 (0.8% taker fee, Kraken Pro). Kraken doesn't serve New York and Maine.
- $1,000 purchase by bank transfer
- $8
- States where Kraken has no service
- New York, Maine
- Withdrawal to your bank
- No cost, 0-2 working days
- Money services business registered with FinCEN
- Registered support.kraken.com
- NYDFS licence covering New York
- No support.kraken.com
score of 8.0 out of 10
- Fees score 6.0 out of 10, weight 30%
- Availability rating 9.8 out of 10, weight 20%
- Security and licences score 7.0 out of 10, weight 20%
- Products score 10.0 out of 10, weight 15%
- App ratings score 9.0 out of 10, weight 15%
We earn a commission if you open an account through our links. It does not change the fees you pay or our score.
Open a Kraken accountKraken fees in dollars
Every fee listed in the Kraken table points back to its source page on Kraken. For $1,000, the worked example shows the fee total.
| Fee | Rate | Source | Read on |
|---|---|---|---|
| Simple buy fee | 1% | support.kraken.com | November 2, 2026 |
| How the simple buy fee is set | Instant Buy shows a fixed 1% trading fee, and where applicable a spread that is built into the price. Kraken+ members pay no fee up to $10,000/month | support.kraken.com | November 2, 2026 |
| Spread | Prices for Instant Buy/Sell (incl. custom and recurring purchases) carry a spread. Kraken doesn't publish the size; it changes with volatility, the asset, order size/type and VIP status. Kraken may keep any excess spread | support.kraken.com | November 2, 2026 |
| Debit card fee | 3.75% | support.kraken.com | November 2, 2026 |
| Advanced maker fee, entry tier | 0.4% | kraken.com | November 2, 2026 |
| Advanced taker fee, entry tier | 0.8% | kraken.com | November 2, 2026 |
| Bank deposit (ACH) | Free | support.kraken.com | November 2, 2026 |
| Wire deposit | Free | support.kraken.com | November 2, 2026 |
| Bank withdrawal (ACH) | Free | support.kraken.com | November 2, 2026 |
| Wire withdrawal | $4 | support.kraken.com | November 2, 2026 |
| Instant cash out | Instant bank withdrawal over RTP: 1.50% (max $50), minimum $20, and your bank must support RTP | support.kraken.com | November 2, 2026 |
| Bitcoin withdrawal | A fixed fee of 0.000015 BTC applies on the Bitcoin network, and the minimum withdrawal is 0.000218 BTC (incl. fee) | support.kraken.com | November 2, 2026 |
What $1,000 costs on Kraken
Every way you pay or get paid is listed against the same $1,000; where a dash appears, Kraken publishes no number for it.
| What you do with $1,000 | You pay | How it is charged |
|---|---|---|
| Buy by bank transfer (ACH) | $8 | 0.8% taker fee, Kraken Pro |
| Buy by debit card | $37.75 | 3.75% card fee + $0.25, plus spread |
| Buy by wire | $8 | 0.8% taker fee, Kraken Pro |
| Sell and send to your bank (ACH) | $8 | 0.8% taker fee, Kraken Pro, free payout |
| Cash out to your bank (ACH) | $0 | free |
| Cash out by wire | $4 | flat fee |
| Cash out instantly to a debit card | $15 | 1.5% fee, capped at $50 |
| Send Bitcoin to a wallet | $1.21 | 0.000015 BTC network fee |
You can find every Kraken fee plus a calculator for your own amount on the Kraken fees page.
Where you can use Kraken
Kraken has no service in New York or Maine, and residents of New York cannot use Kraken.
Getting money out of Kraken
Bank withdrawals from Kraken cost nothing and arrive in 0-2 working days (cutoff 2pm EST). Kraken's withdrawal rules: ACH (Plaid) deposits put a 7-day hold on every crypto and fiat withdrawal; buys by ACH, PayPal, card or digital wallet carry a 72-hour hold, and USD card buys may always get it.
Times, limits and steps for a stuck withdrawal are in the Kraken withdrawal guide.
Who runs Kraken and its licences
Payward Interactive, Inc. runs Kraken's US business.
Kraken says it holds FinCEN registration as a money services business.
Kraken has no NYDFS licence for New York.
The state licences Kraken holds are listed on its licences page.
Kraken's record holds 3 dated incidents, and each one comes with its source.
Kraken security
Kraken makes its proof of reserves public.: accountants prepare the Proof of Reserves and clients can verify it in their account. The June 30, 2026 snapshot lists ETH 100.5%, SOL 100.6%, a BTC reserve ratio of 102.9% and USDC/USDT 105%+. Proof of reserves works as an attestation rather than a full audit of Kraken.
Custody at Kraken: cold storage and hot wallets, with infrastructure kept in guarded, surveilled cages.
Kraken account security: passkeys for FIDO2 2FA, no phone/SMS account recovery, plus master key and global settings lock options.
Kraken reports outages on its status page.
Kraken app ratings
On the App Store, the Kraken app holds a 4.7 out of 5 score from 36,140 ratings. On Google Play it scores 4.3, drawn from 56,075 ratings in total.
Opening a Kraken account
Buying, selling and depositing on Kraken each need a verified individual account. Standard checks finish instantly (automated) or in ~45 minutes (manual), while higher limits take a few days.
To open a Kraken account, you must be at least 18.
Kraken staking
US customers can stake on Kraken, with 17 assets supported incl. Coins covered: ETH, SOL, DOT, ADA. On-chain staking works only in the listed US states and territories (37 states + DC + Puerto Rico).
Kraken pros and cons
Pros
- For a $1,000 purchase by bank transfer, which costs $8, Kraken is one of four US exchanges with the lowest charges.
- Kraken makes its proof of reserves public.
- Kraken runs an order-book platform (Kraken Pro) where fees are lower than on the simple buy button.
- A bank withdrawal from Kraken is free.
Cons
- In New York and Maine, Kraken isn't available.
- On record, Kraken has 3 dated incidents tied to enforcement or security.
Compare Kraken with
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More on Kraken
Questions people have
Is Kraken available in all US states?
Kraken doesn't serve New York or Maine.
How long does a Kraken bank withdrawal take?
Withdrawing to your bank through Kraken is free and takes 0-2 working days (cutoff 2pm EST).
Does Kraken send a 1099 form?
Yes, it does. Kraken sends Form 1099-DA plus Form 1099-MISC through the U.S. Tax Center, which is powered by CoinTracker.