In this comprehensive guide, we explore Kraken's Trading Fees up and close. Our aim is to provide a complete understanding of all fees including exchange fees, trading fees, spot & futures fees in addition to deposit and withdrawal fees. Continue reading to discover the competitiveness of Kraken's trading fees!
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Kraken Fees
Kraken is a renowned cryptocurrency exchange that was established in 2011 by Jesse Powell. It is registered in the United States and headquartered in San Francisco. Kraken delivers a variety of services, including spot trading, margin trading, futures trading, and staking.
Kraken Fees
The platform serves over 9 million users primarily insupported countries across North America and Europeand offers over 200 cryptocurrencies for buying, selling and trading. Now let's continue with a deep dive on the different fees charged by Kraken for the different services that they offer.
Kraken Trading Fees
Kraken.com operates as a platform that pairs orders from customers wishing to purchase cryptocurrencies with those wanting to sell, and vice versa.
When an order is successfully executed, that is, when it matches with another customer's order, Kraken charges a fee. This fee varies, ranging anywhere from 0% to 0.26% of the total value of the order.
Orders that are cancelled before being executed do not incur any trading fees.
Kraken Pricing
The prices that Kraken charges for transaction on it's platform depends on which services are being used.
For those that are spot trading on Kraken (basic buy and sell), they are charged a spot maker or taker fee when conducting a transaction.
Maker and taker fees are different types of fees incurred during cryptocurrency trading.
A maker fee applies when a trader adds liquidity to the market by placing a limit order under the ticker price for buy orders or above the ticker price for sell orders. These orders do not fill immediately and add to the market depth, hence the term maker.
On the other hand, a taker fee is charged when a trader removes liquidity from the market by placing an order that matches immediately with existing orders, thus "taking" orders out of the order book. These are usually market orders or limit orders that are placed at the market price.
Kraken Maker Taker Fees
The spot fees that Kraken charges makers is 0.16% and 0.26% for takers. For users that trade above $50,000 during a 30-day period, the fees can further be reduced.
Kraken spot fees
Kraken Futures Fees
For those that wish to trade futures on Kraken, the fees associated with this services are 0.02% for makers and 0.05% for takers. Similar to spot trading, the fees can be further reduces for traders who exceed $100,000 trading volumes during a 30 day period.
Kraken Futures Fees
Kraken Margin Fees
Margin fees which are often referred to as interest or borrowing fees, are charges applied when a trader borrows funds to execute a trade in a margin account.
These fees are typically calculated as a daily rate, based on the amount of leverage used and the duration of the loan.
In a nutshell, margin fees compensate the lender for the risk associated with lending out their funds for margin trading.
The margin fees charged by Kraken differ depending on the type of cryptocurrency that is being borrowed. For more cryptocurrencies however, Kraken takes a 0.02% opening fee followed by a 0.02% rollover fee every 4 hours.
Kraken Margin Fees
Kraken Pro Fees
The fees on kraken Pro are the same as the ones that we have outlined above. In short, 0.16%-0.26% spot maker and taker fees and 0.02%-0.05% for futures trading.
Kraken Transaction Fees
Besides various trading service fees charged by Kraken, there are also FX pair fees to consider when users trade between fiat currencies such as EUR/USD or stablecoins such as USDC/USDT.
The FX fees charged by Kraken start at 0.2% for makers and takers and can be further reduced for those that trade above $50,000 per month.
Kraken FX transaction fees
Kraken Deposit Fees
There are two types of deposit fees on Kraken, deposit fees for fiat currency deposits and cryptocurrency deposit fees.
For those that wish to deposit their BTC or ETH, the good news are that there are no fees involved when depositing cryptocurrencies on Kraken.
For those that wish to deposit fiat currencies on Kraken, Kraken offers support for deposits with 7 fiat currencies including USD, EUR, CAD, AUD, GBP, CHF, and JPY.
Kraken Fiat Deposit Fees
Deposit Methods include Fedwire, SWIFT, ACH, SEPA, FPS and more. Kraken offers free ACH deposits for USD, EUR and CAD via bank transfers (ACH) and SEPA.
The deposit fees for credit/debit card deposits can range between 1%-2% depending on the transaction size, asset, payment method and market conditions.
The minimum deposit amount on Kraken are as low as $1 USD with certain deposit methods such as ACH, and FedWire.
Kraken Withdrawal Fees
For those that wish to make fiat withdrawals on Kraken, they are available for all the 7 currencies they support.
In terms of withdrawal fees, for ACH withdrawals are free, SEPA has a small 0.9 EUR fee, SWIFT has a low $4 withdrawal fee and Faster Payments (FSP) comes with a 1.95 GBP fee.
For those that wish to withdraw cryptocurrencies from Kraken, the withdrawal fees differ depending on which digital asset is being withdrawn. Below we have outlined the withdrawal fees for 5 of the most popular cryptocurrencies.
Kraken Withdrawal Fees
Bitcoin (BTC) withdrawal fee: 0.00001 BTC Ethereum (ETH) withdrawal fee: 0.0035 ETH Solana (SOL) withdrawal fee: 0.01 SOL USDT (ERC-20)withdrawal fee: 4 USDT Cosmos (ATOM) withdrawal fee: 0.004 ATOM
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.
