Kraken

Forex meets bitcoin exchange

Discussion
Would you recommend this product?
8 Reviews3.1/5
Kraken is a very professionally run Bitcoin exchange and it has advanced trading features (though not as many as Bitfinex). It's also my favorite exchange to cash out from Bitcoin and Litecoin to EUR, as they are very quick in issuing bank transfers and have very cheap withdrawing fees. IMHO it's hands down the best exchange.
@brnt @guyco77 this happens sometime Guy, you might need to migrate to an exchange that does not take custody of your funds, like Nexchange (ran by us, disclaimer disclaimer), ShapeShift, or Changelly (if fiat is a must)!
@brnt @guyco77 If you're looking for alternatives to exchanging your crypto, try checking us out at nexchange.io

Overall a good product, but many technical problems + the company is taking a position against the clients by disabling trading at times, suspending market order execution, or creating an artificial slippage which they then take to their own pocket.

Pros:

Liquid market

Cons:

Website is not responsive at least several times a week, execution is slow and there is quite a lot of (artificial)lippage in market trades!

it is not letting me even sign up . keeps throwing errors .

Pros:

has ripple and other currencies

Cons:

very buggy

I've had a terrible time with Kraken. I have attempted to get through their verification process 4 times. Each time it can take a week or more to receive a response. The response is usually very difficult to interpret. There is lots of boilerplate text. I signed up sometime over the summer, it is now January and I still am not verified. I've switched to Gemini and won't be looking back.

Pros:

I can't think of anything Kraken does better than other exchanges.

Cons:

Impossible verification process. Website crashes after 50% of clicks. Website is very slow.

I havent used my account for a while, but with the recent surge, I decided to jump on the wagon! I still find it to be one of the most user-friendly platforms, and their list of crypto coins has increased :-) woohoo

Pros:

Very security conscious and their support has improved ten-fold!

Cons:

They recently changed verification requirements for fiat funding, makes sense, but very little notice was given. The process was quick tho!!