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HomeWeb3 & CryptocurrencyCrypto ExchangesKraken Reviews

Kraken Reviews

1.7096774193548387 out of 5 stars
1.7096774193548387 out of 5 stars
1.7
|Poor|62 reviews
kraken.com

TrustScore

1.7
1.7096774193548387 out of 5 stars
Poor
5 out of 5 stars
0
4 out of 5 stars
0
3 out of 5 stars
17
2 out of 5 stars
10
1 out of 5 stars
35
62 reviews in total

See what reviewers are saying

Marc Millard
Marc MillardFeatured

2 days ago

2 out of 5 stars

Fees are too high.

Fees are too high.

Pedro Vila Nova
Pedro Vila NovaFeatured

3 days ago

1 out of 5 stars

Referral program SCAM

Start with an offer of 100€ if you deposit 200€. In 2 days the same offer, passed from 100€ confirmed to 0... and with other challanges to win something like trading till 10000€...

Ghasza
GhaszaFeatured

5 days ago

1 out of 5 stars

Geld word maar niet overgeschreven, geen reactie op livechat.

Ik heb Solana gestort op mijn wallet, vervolgens verkocht en naar euro omgezet, vervolgens laten uitbetalen naar mijn ING rekening er stond dat het instant was, we zijn nog al 10 uur verder geen antwo... See more

Robert Emerson
Robert EmersonFeatured

5 days ago

3 out of 5 stars

Poor customer support

The customer service is well below the necessary standards to directly assist the customer base. The over reliance of AI and lack of direct contact hinders necessary timing in circumstances that requi... See more

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Matteo Iazzolino
Matteo Iazzolino
1 reviews
8 days ago
1 out of 5 stars

Kraken sends "Bonus Confirmed" emails then refuses to pay.

I invited 2 friends. They completed steps. Kraken sent me an official email saying '€50 BTC is on the way'. Then support cancelled the bonus saying 'Referral program is not guaranteed'. Do not trust their confirmation emails, they are fake.

Helpful?
Pam Meekhof Conrad
Pam Meekhof Conrad
1 reviews
3 days ago
1 out of 5 stars

Contest isn’t working

Every dollar traded is supposed to be an entry for bitcoin. I’ve opted in and made two trades and it still shows zero entries.

Helpful?
Daniel Daly
Daniel Daly
1 reviews
5 days ago
1 out of 5 stars

Hidden fees, high fees

Stay away from them — it’s a scam. Their fees are completely misleading. Even when they display supposedly “low” fees for trades or transfers, a quick recalculation shows the actual costs are two to three times higher. I confronted them about this, and they claimed it’s “all explained” in the terms and conditions. If that’s true, then why show inaccurate, deceptive fee estimates in the first place? It makes no sense. Scam, scam, scam — you’ve been warned. Bybit and Toobit both offer far better, more transparent services. “ there reply is laughable transparency is the opposite of what they are doing why so fees that aren’t correct in any shape of or form it’s the opposite of transparency it borderline scamming people out of there money”

Helpful?
jennifer gilmore
jennifer gilmore
1 reviews
6 days ago
1 out of 5 stars

Zero stars

Zero stars. Kraken closed my account bu I still have NOT had my funds returned to my bank

Helpful?
Dustin poor
Dustin poor
1 reviews
5 days ago
2 out of 5 stars

The downside of kraken nobody talks about

I can't stand how every time you go to sell anything it always taxes the crap out of your profit. Or the market price. This has to be one of the hardest exchanges to make money on

Helpful?
Weimin Zhang
Weimin Zhang
1 reviews
8 days ago
1 out of 5 stars

I had treated LUNA

I had treated LUNA. Because if you sent me a email, indicating you would delist it at then end of March, 2026. So I sold it at loss. However, another email said:" you weren't delisted any more". It was inconveniences at all.

Helpful?
George Shipley
George Shipley
1 reviews
9 days ago
1 out of 5 stars

Quick to take your money

Quick to take your money. Then when you cant sign in there is no help whats soever. Regrets yes Kraken is one of them update Got a completely silly nonsensical email in "support" Getting no where. Support is utter rubbish

Helpful?

TrustPilot Scam Exposed

Learn why consumers and businesses should be cautious about relying on Trustpilot scores and reviews.

Read the analysis
Genius or not
Genius or not
1 reviews
4 days ago
1 out of 5 stars

Bait and Switch tactics

Bait and Switch tactics. I signed up for the "gift of bitcoin" promotional offer and carefully read the terms and conditions. I completed the required $200+ trade, and support says I am not eligible due to it being stablecoin. This was not outlined in T&C until they updated them AFTER I pointed this out. They will not honor the original terms. I have submitted a formal complaint. In Canada both parties are bound by the terms at the time of signup. I will update this review if they honor the terms.

Helpful?
Steven Collins
Steven Collins
1 reviews
8 days ago
3 out of 5 stars

Can’t cash out until you reach 160…

Can’t cash out until you reach 160 dollars

Helpful?
GERALD RUDOLPH
GERALD RUDOLPH
1 reviews
9 days ago
3 out of 5 stars

I moved from android to iOS

I moved from android to iOS. I liked the android better. I like to quickly see the timeline trends of what I own. Move easily across the timeline with my finger to see where it was at previously. I also liked the monthly trading fees vs fees every time.

Helpful?
Hai
Hai
1 reviews
4 days ago
1 out of 5 stars

Kraken is erg misleidend met hun…

Kraken is erg misleidend met hun promoties. Ze hebben een referral programma en geven aan: 1) nieuwe klant moet account creëren en verifiëren. 2) moet een bedrag storten van minimaal eur 200. Als hieraan is voldaan ontvangen nieuwe klant en diegene die referral heeft gedaan beiden eur 160 bonus. De screenshot is met hun gedeeld waar dit heel duidelijk staat, maar kan hier niet geüpload worden. We hebben beiden eur 10 ontvangen ipv 160. Bij navraag klantenservice geven ze achteraf aan dat er voor 10.000 gehandeld dient te worden. Dat is nergens vooraf vermeld. Kort gezegd, geloof niets wat ze in de app vermelden. Want achteraf blijken er nog andere voorwaarden te worden gehanteerd. Erg misleidend.

Helpful?
Josh Kuanfung
Josh Kuanfung
1 reviews
7 days ago
3 out of 5 stars

I am not able to keep on purchasing at…

I am not able to keep on purchasing at the same speed as with Coinbase. Your credit line seems to be on a weekly basis and at $10,000 just won't cut it for me. In Coinbase I get a credit of $10,000 that is attached to my bank account the same as with your account and I am able to trade a lot easier.

Helpful?
Sam
Sam
1 reviews
8 days ago
1 out of 5 stars

I don't recommend it

There's big distance between the displayed price and the actual buying/selling price. They also scammed people over the luna crypto.

Helpful?
bill b
bill b
1 reviews
9 days ago
1 out of 5 stars

I TRIED TO DO A TRANSFER AND MY MONEY…

I TRIED TO DO A TRANSFER AND MY MONEY WENT IN THE WRONG ACCOUNT. NOW I CAN NOT GET MY MONEY BACK THAYS WRONG .

Helpful?
Tony Dunleavy
Tony Dunleavy
1 reviews
6 days ago
3 out of 5 stars

The app is good, but could be faster

The app is good, but quite slow (I thought it was my mobile, but it's the same on my ipad). I can't always clearly work out exactly how much I have invested, or perhaps I'm looking at it in the wrong way. I like the bundle ideas and graphics. The spin to win featureis great!!

Helpful?
Angus Campbell
Angus Campbell
1 reviews
6 days ago
1 out of 5 stars

Lost my money

Lost my money, closed the account. But gave no details, totally unhelpful

Helpful?
Cody T
Cody T
1 reviews
7 days ago
2 out of 5 stars

Fees no other app takes fees

Fees no other app takes fees

Helpful?
MarKo Hubert
MarKo Hubert
1 reviews
7 days ago
1 out of 5 stars

I hate it

I hate it. I can't find my bitcoin address to receive bitcoin anywhere even.looking at your useless help desk. It is infuriating

Helpful?
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About Kraken

Kraken is one of the world's longest-standing and most trusted digital asset platforms. Founded in 2011, Kraken was one of the first cryptocurrency exchanges to offer spot trading with margin, parachain auctions, staking, regulated derivatives, and index services. The platform enables trading of over 200 digital assets across six national currencies and serves more than 10 million traders globally with around-the-clock support. Kraken is known for its robust security measures, having never been hacked, and its commitment to regulatory compliance. Kraken offers a comprehensive suite of services including cryptocurrency spot trading, futures trading, staking rewards, and NFT marketplace access. The platform is designed to serve both retail and institutional clients, offering advanced trading features, competitive fees, and a user-friendly interface for beginners.

Company information

Website
kraken.com
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Category

Web3 & Cryptocurrency›Crypto Exchanges

Review summary

Kraken receives overwhelmingly negative feedback from its users, with a significant number of complaints centered around poor customer service and high fees. Many reviewers express frustration over lost funds and unresponsive support, with one user stating they lost money and received no assistance when their account was closed. The platform's slow network and issues with pending withdrawals further exacerbate user dissatisfaction. While a few customers mention that deposits are straightforward and some fees are considered low, these positives are overshadowed by the widespread reports of account issues and excessive charges. Overall, the sentiment is predominantly negative, with many users advising caution when using Kraken.

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Based on reviews, created with AI