Kraken Crypto Exchange
- Best for: Beginners buy and hold crypto
- What sets it apart: No major hack of customer funds since 2011; The auto win action starts earning automatically without requiring setup
- Cost: Account fee $0; 1% instant purchase fee; 1.5% on custom orders
- Features: Automatically earn shares up to 21% APY* on selected assets; Repeat purchases; Over 650 assets
- The pros: There is no learning curve; Automatic return of shares; Proven security credentials
- Disadvantages: 1% fee for instant purchases; The action varies by state; Limited commercial assets
Just tips:
Kraken has operated since 2011 without a major hack of client funds, a track record that few crypto exchanges can achieve. If you’re buying crypto for the first time, start here: your assets earn rewards set automatically through Auto-Earn, and you can upgrade to professional trading tools whenever you’re ready.
Kraken’s standard platform is the entry point to one of the most trusted crypto exchanges. Buy, sell and convert over 650 assets in a few taps, set up recurring purchases for dollar cost averaging or use bundled portfolios to spread exposure to several cryptocurrencies in a single transaction. Most accounts are verified and funded within minutes, and the app is available on both iOS and Android.
Main features
- 1% flat fee for instant purchases (1.5% for custom orders)
- Over 650 cryptocurrencies supported
- Repeat purchases and bundled portfolios
- Auto Win: automatic betting rewards on inactive assets, up to 21% APY* on selected assets
- apps for iOS and Android; account setup takes a few minutes
Pros
- Simple interface with no learning curve for new crypto buyers
- Auto-earning puts idle assets to work without requiring manual configuration
- Security record: no major hack of customer funds since 2011
ANTI
- The 1% instant purchase fee is higher than some competitors
- Chain stock is not available to all US residents; eligibility varies by state
- Limited tools for active traders (Kraken Pro is upgrade path)
Auto win is the quiet highlight here. Eligible assets start earning share rewards automatically the moment they are in your account, with no opt-ins, no lock-in periods to navigate and no technical knowledge required. This layer of passive yield is something that most beginner-focused platforms don’t offer without friction. If you want a reliable, low-friction way to buy crypto and earn from what you hold, the standard Kraken the platform gives. And if you finally want more, Kraken Pro it’s there whenever you’re ready.
*APY rates are variable and not guaranteed. Past performance is not indicative of future results.
Not investment advice. Crypto trading involves risk of loss and is offered to US customers through Payward Interactive, Inc. See legal disclosures at kraken.com/legal/disclosures.
The projected annual rate is an estimate based on average stock awards accrued over the past period, before commission, and is subject to change. The promotion involves risks, including the lack of guarantee of rewards, possible losses from hacking or hacking, and devaluation of the value of assets during betting. Please refer to Kraken’s Terms of Service for additional information. Margin cannot be traded in the EEA, UK or AU. Not available in Canada.
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