Since its launch in 2011, Kraken review has become one of the largest cryptocurrency exchanges in the world with over 10 million users and $207B+ in trading volume (as of 2024). The company was founded by Jesse Powell, who served as CEO until 2023. It now has a new executive team headed by David Ripley. The exchange has been a leader in security, with top customer ratings, a huge list of supported cryptocurrencies, and robust margin trading capabilities.

Kraken’s impeccable safety record is a result of their focus on user protection. They employ 2FA and cold storage to keep user funds safe from hackers, and regularly conduct proof of reserves audits. While Binance also offers great security, Kraken has a much longer history without hacks and is more transparent with its proof of reserves audits.

Kraken Review: Is It the Right Crypto Exchange for You?

Another benefit of using Kraken is their extensive education section, which covers everything from crypto basics to investing and speculation. This is a valuable resource, especially for those who are just starting out on their crypto journey.

In addition to its robust platform offerings, Kraken offers competitive fees and a variety of payment methods. Its makers’ and takers’ fees are lower than those of Coinbase, but higher than those of OKX, KuCoin, and Binance.

Kraken’s support is available 24/7 via phone, email, and live chat. Their staff is well-versed in both the technical and regulatory aspects of the crypto industry, and their knowledge and professionalism are apparent. They’re also quick to respond to questions and concerns, so they’re a great choice for beginners looking for an easy-to-use platform.