Does Kraken insure crypto?

Kraken doesn't insure customers' crypto, but it has a solid track record for digital security. Kraken no longer offers staking or rewards. Kraken's apps for iOS and Android have an average rating just above 4 stars. Kraken has 24-hour live phone and chat support. The minimum trade depends on the cryptocurrency being traded.

Who can use Kraken pro?

Anyone with an active Kraken account can use Kraken Pro. Possibly more important than the advanced interface is lower fees. If you make the same trade with Kraken Pro instead of Kraken, you’ll pay less than using the main interface. Pricing and fees vary depending on the platform you’re using and the trade you’re entering.

Does Kraken require identity verification?

If you’re really set on having no personal information stored, you’ll need to look at other exchanges that don’t require identity confirmation, but for most users Kraken’s security and privacy can be trusted. The Kraken app is available on iOS and Android, and is just as slick to use as the website.

Is Kraken a good investment?

Relatively low fees: While Kraken’s rates for entry-level traders are in the middle of the pack, fees on its more advanced Kraken Pro service are among the lowest reviewed by NerdWallet. Limited funding options: Kraken has limited options for U.S. customers who want to put money into their account.