Are there fixed fees, transaction fees, or other fees?
Is the website safe and your information secure? Have there been previous breaches in security?
How many coins are available to trade?
|Ease of Use?
How good is the overall experience? Is it easy to buy/sell tokens, view funds, and see market movements?
Kraken is known to have probably the highest measures of security out there in the crypto space. After the Mt. Gox fall, Kraken was one of the first companies to create a cryptographically verified proof of reserves. Most of the funds are held in an offline cold storage unit and their servers are held in a high-security facility with armed guards, retina scanners, and video surveillance.
Kraken has a pretty awesome reputation for having the lowest fees out there. Only $0.09 to make a SEPA bank transfer withdrawal. Trading fees are calculated based on the trade volume. The trade fee can range from 0% to 0.26%.
Kraken supports 15 coins at the moment and is always looking to add more down the road.
Ease of Use
The user interface for Kraken isn’t as good as you’d think. Most people have a hard time figuring it out and it’s not very beginner friendly. Krakens customer service also has issues with many reports of questions being unanswered. The site is also very slow. With more and more people registering for the site it usually takes weeks to get verified. Once you’re verified and play around on the site, you’ll realize that the interface and speed isn’t very good.
Overall Kraken is a pretty great exchange if you can get past the ease of use. With a reputation for super high security and low fees, Kranken seems like a great fit for anyone who knows their way around a cryptocurrency exchange. It may not be the best for beginners but it’s pretty good for anyone else.