Crypto
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2 mins read
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April 02, 2023
Kraken Fees: A Detailed Guide
Here’s the full breakdown of all fees charged by Kraken
You can choose from numerous crypto platforms and exchanges in the US. What’s important is to evaluate how much and what kinds of fees they charge, so it doesn’t put a dent in your pocket when you buy Bitcoin or crypto every time.
One of the US exchanges, Kraken, charges high fees to its users. Here’s a quick and detailed breakdown of all the different types of fees charged by Kraken and alternatives you can choose from.
Account Fees
Kraken doesn’t charge any fee for creating an account.
Trading and Transaction Fees
Kraken charges a dynamic base fee when you use the buy, sell, or convert feature on its platform. Applicable for both transactions on mobile and web as well.
The dynamic fee is based on a combination of different components,
1. Convenience fees
2. Spreads
3. Transaction size
4. Market conditions
Whenever you place an order on , you will see your fee in the trade preview section. Here, you get an estimate of how much you are charged —the expected fee ranges are as follows.
Note - above section only includes trading and transaction fees and additionally excludes fiat deposits/withdrawal fees
On the Kraken Pro section, the fee component is standardized, depending upon the users’ trading volume. It doesn’t include spread fees as the orders are placed and matched directly with its order book.
- For market makers, the fee range starts from 0.16% (0 to $50k monthly trading volume) to 0.00%(+ $10M monthly trading volume)\
- For takers, the fee range starts ranging from 0.26%(0 to $500k monthly trading volume) to 0.1%(+$500M monthly trading volume)
- For trading in stablecoins, the maker and taker fee starts from 0.2%(from 0 to $50k monthly trading volume) to 0.0%( + $1M)
NFT fees
On Kraken, you can purchase NFTs, and will charge you 2% for every NFT transaction. Additional creator earnings will also be charged depending on the NFT collection and how much the creator has assigned royalties to its collection.
Fiat Deposit and withdrawal fees
On Kraken, every payment method has its respective deposit and withdrawal fees and respective waiting time.
For quick transfers, you can use the following methods
Remember that the above charges are only for depositing fiat(USD).
For example, to buy crypto worth $100 via Debit card, you will have to pay a 3.75% fee for depositing USD and an additional trading fee(ranging from 1.5%) to purchase crypto.
Crypto Deposit and withdrawal fees
Kraken doesn’t charge additional deposit fees. For crypto withdrawals, you will have to pay standard network or withdrawal fees depending on where you are transferring your crypto from.
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Disclaimer - Please note that the information provided regarding various fees is sourced from official channels and is subject to change as per the evolving business requirements
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Kunal Shivalkar
Kunal is a crypto native marketer and content writer
