ExchangesSumo Pick Fact-checked 2026-08-14

Kraken

Established 2011

The security-first veteran exchange with an unmatched no-hacks track record.

Kraken has operated since 2011 and has never suffered a major platform-level breach — a record no large exchange can match. It offers spot and futures trading, staking, and genuinely responsive 24/7 support, with Kraken Pro providing deep order books and low fees.

Quick facts

Founded

2011

Pros

Best security track record of any major exchange
Transparent proof-of-reserves, audited for years
Respected support and compliance teams

Cons

Fiat funding options vary by region
Pro interface is dense for beginners
Fewer altcoin listings than Binance

Best for

Security-conscious holders and pro traders

Fees

Kraken Pro spot from 0.25%/0.40%; instant-buy carries a spread. Withdrawals vary.

Security notes

95%+ cold storage, proof-of-reserves since 2014, and a spotless platform history. The reference standard for exchange security.

securityregulatedveteran

Frequently asked questions

What is Kraken?

Kraken is The security-first veteran exchange with an unmatched no-hacks track record. Kraken has operated since 2011 and has never suffered a major platform-level breach — a record no large exchange can match. It offers spot and futures trading, staking, and genuinely responsive 24/7 support, with Kraken Pro providing deep order books and low fees.

Is Kraken safe to use?

95%+ cold storage, proof-of-reserves since 2014, and a spotless platform history. The reference standard for exchange security. As always, verify details on the official site before trusting funds to any service.

How much does Kraken cost?

Kraken Pro spot from 0.25%/0.40%; instant-buy carries a spread. Withdrawals vary. Figures change — confirm current pricing on the official site before deciding.

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