Is Kraken a legitimate company?
Yes, Kraken is a legitimate company with numerous verified reviews from customers. It has a strong overall rating, and many users praise its transparency, security, and user-friendly platform.

Kraken is one of the world's longest-standing and most trusted digital asset platforms. Founded in 2011, Kraken was one of the first cryptocurrency exchanges to offer spot trading with margin, parachain auctions, staking, regulated derivatives, and index services. The platform enables trading of over 200 digital assets across six national currencies and serves more than 10 million traders globally with around-the-clock support. Kraken is known for its robust security measures, having never been hacked, and its commitment to regulatory compliance. Kraken offers a comprehensive suite of services including cryptocurrency spot trading, futures trading, staking rewards, and NFT marketplace access. The platform is designed to serve both retail and institutional clients, offering advanced trading features, competitive fees, and a user-friendly interface for beginners.
Kraken receives overwhelmingly negative feedback from its users, with many expressing frustration over locked accounts and unresponsive customer support. Reviewers frequently report having their funds frozen without clear explanations, leading to significant financial distress.
One user mentions an $8,000 portfolio locked due to trivial matters, while another details a $6,800 freeze despite multiple verifications. The automated support system is criticized for being unhelpful, often resulting in long wait times for generic responses. Additionally, there are claims of unauthorized transactions and a lack of accountability from the company. Despite a few users noting they had no issues in the past, the overall sentiment is dominated by dissatisfaction and distrust. Kraken's reputation suffers significantly due to these recurring complaints.
Summary generated with AI from recent reviews
Each source counts by its number of reviews. Only reviews written by people are scored.
Why sources differ: Trustpilot rates this company 1.5, CrowdTrust 1.0. Trustpilot carries the most weight (98% of the score).
| Source | Rating | Reviews | Weight | 6-mo | Fake risk |
|---|---|---|---|---|---|
Trustpilot Imported Trustpilot reviews | 1.5 | 90 | 98% |
Monthly average rating from reviews written by people · latest review Jan 2026.
| Month | Average | Reviews |
|---|---|---|
| Dec 25 | 1.6 | 72 |
| Jan 26 | 1.0 | 20 |
Share of positive (4–5★) and negative (1–2★) reviews mentioning each topic · based on the 92 most recent reviews.
“My funds have been held for an extended period of time, and customer support has been extremely slow and unhelpful”
Same method for every company: overall rating, legitimacy checks, the average rating of reviews mentioning each area and the 6-month trend · Crypto Exchanges.
| Company | Overall | Legit | Service | Website & app | Trend | Reviews |
|---|---|---|---|---|---|---|
| 1.5 out of 5 (poor) | 100 out of 100 | 1.2 out of 5 (poor) | 1.8 out of 5 (poor) | — | 92 | |
| 3.4 out of 5 (fair) | 100 out of 100 | — | — | — | 20 | |
| 4.6 out of 5 (good) | 100 out of 100 | 4.3 out of 5 (good) | 4.3 out of 5 (good) | — | 25 | |
| 5.0 out of 5 (good) | 33 out of 100 | — | — | — | 6 |
Bottom line: Kraken is #4 of 4 on overall rating in this group. On service, Kolo scores higher (4.3 vs 1.2).
62 reviews of Kraken. Filter by what matters to you.
Quick answers to the questions people ask most.
Yes, Kraken is a legitimate company with numerous verified reviews from customers. It has a strong overall rating, and many users praise its transparency, security, and user-friendly platform.
No, Kraken is not a scam. The platform has received verified reviews that highlight its security features and excellent customer support, although some users have experienced account freezes.
Kraken offers a wide range of cryptocurrency trading services, including buying, selling, and exchanging various cryptocurrencies. Users appreciate its seamless transactions and user-friendly interface.
Kraken accepts various payment methods, including bank transfers and credit cards, allowing users to fund their accounts easily. However, some customers have noted occasional delays in transactions.
Kraken provides customer support through their online help center and live chat options. Users have generally reported positive experiences with the support team, although response times may vary.
Anyone can write a CrowdTrust review. People who write reviews have ownership to edit or delete them at any time, and they'll be displayed as long as an account is active.
| ● Low |
CrowdTrust Low volume · weighted down | 1.0 | 2 | 2% | — | ● Not enough data |
Don't use. Fee on top of fee, with another fee on top of that. Fee to deposit. Fee to withdraw from any coins and then another bank Fee to withdraw. Other platforms like T212 have no fees
The price spread between buy/ sell and what pay/ receive is very expensive.
Fees are on the low side. Deposits are straightforward. Limits on deposit size are... limiting. Withdrawals are often blocked in "pending" state for several days. There's no human support, only automated chatbots that provide generic replies at best.
They have recently changed with there customer service and also the buys and sells they are not going through like I put them anymore. And customer service doesn't do anything to help it's more like a total bs auto text until you aren't on the customer service screen then text.. "oh I guess your not there have a good day". And that happens Everytime now it seems. And when you do speak to someone they either promise to fix it then you send everything they ask for including screen shots and yet not a single sell has been fixed I've reported. I know I've lost out on hundreds of dollars in sales because of how Kraken operates now. I've gone from the biggest Kraken supporter to where I'm ready to get rid of it and use another Crypto app instead and to stop promoting it to people. I'm disbelief with the amount of money I was prevented from making because Kraken changed how the buys and sells go through some how. And even though I've been promised to have sells fixed many times. Not a single one has ever been fixed.. I am basically at the end of my rope with Kraken now. I've asked them to have someone to reach out to me through phone or email but they won't so they are about to lose me and a dozen others.
Charges you to sell out your Crypto, then Charges you to move your $ back to your Bank. High Rates Especially on the Exit Transfer. Crypto is not the Future, the only ones making Money are the Insiders and Kraken. I'm out of it thankfully. It's nothing but a SCAM with Fees on top of Fees. Also, I once Spun the Wheel for a Bonus Reward, it landed on the $2500 Prize, and they forced the App to Crash, No Win. Just another Scam is all. They're not Trustworthy even a little bit. Originally my Account was Certified through Plaid. It will even say it's been redone and active on Plaid. It Errors out and you can't cash out via Plaid. A Bank Transfer Fee turned into $12 from the Bank plus whatever Kraken Stole Which I Think was Another $4. $16 Dollars just to get your OWN Money back
The site fairly easy to use so far but I do have a couple of issues. I've only downloaded, purchased and sent a couple of referrals so far. I AM a little disappointed that I haven't received my referral payments, nor have the people I referred by sending them the link...Joan Kennedy and Deborah Chadwick. They haven't gotten their credit yet either. The referrals were sent weeks-a month ago. Also, I was getting some wins on the daily spin but over the past week I haven't won anything. Maybe you can tell me when we can expect a credit to show up for the referrals. Thanks.
Anfangs schien die Plattform reibungslos zu funktionieren, was Vertrauen und Zuverlässigkeit schuf. Als ich jedoch eine Auszahlung vornehmen wollte, gestaltete sich die Erfahrung ganz anders und erforderte deutlich mehr Geduld als erwartet. Angesichts unerwarteter Verzögerungen und Unsicherheit wandte ich mich an Blockspacewatch. Dort nahm man sich die Zeit, die Situation zu prüfen und mir die Vorgehensweise zu erklären. Dank ihrer Unterstützung konnte das Problem schließlich gelöst werden und ich erhielt mein Geld vollständig zurück. Obwohl dieses Ergebnis ein negatives Urteil verhinderte, kann ich mir dennoch kein endgültiges Urteil über die Plattform erlauben. Diese Erfahrung erinnert mich daran, dass gründliche und sorgfältige Recherche vor jeder Verpflichtung unerlässlich ist.
Poor customer service support; you charge excessively high commissions
You offered me $150 for referrals. You emailed me that I'm getting $75. So deceiving. I won't be referring anyone else.
All platforms shit the bed during any kind of volatility. They did a token launch recently and all platforms crashed. When I eventually got logged back in all the tokens were bought up and customer support basically said ‘tough luck’.
You keep screwing with my account. I was getting tired of this. I might end up closing this because of the stupid crap going on with you freezing my account.
The network is very slow at times. Often freezes.
STOP TRYING TO GET ME TO MARGIN TRADE!!!!!!! THAT SHIT IS ENABLE EVERY TIME I TRADE AND I NEVER TURNED IT ON
I contacted Kraken through the official social media support channels, provided my ID for verification, and complied with everything requested. It has now been 2 days, and there has been no resolution, no update, and no action. Redirecting customers to another channel and then going silent again does not fix the problem — it just delays it further while the financial loss remains. This issue was time-sensitive from the start, and every delay has worked against me. At this point, this is no longer just frustration — it’s a pattern of unresponsiveness. I did exactly what Kraken asked, and I’m still being ignored. Ticket #: 1980467
Do not lock me out, then have to wait 24 hours to make a trade when password is reset. Has happen to me twice when the market was making rapid moves and cost me money because I couldn't buy ans sell
VERGOGNA! AA39 N84G AFRT 47ZY Dopo aver invitato 3 persone e aver ricevuto la mail di conferma che mi sarebbero arrivati 50€ entro 14 giorni, provo a scrivere una mail perché non mi arrivavano, mi rispondono come? Che per un motivo non specificato che non possono dichiarare non mi arriverà il bonus. Ho già scritto un reclamo, ma finché non arriveranno i miei 150€ e i soldi alle persone che ho invitato la mia recensione rimarrà a una stella. Servizio clienti pessimo che ti rispondono dicendo che la scelta é definitiva. Ora spero che il supporto si muoverà per risolvere la situazione e sarò contento di mettere una recensione positiva.
Can’t buy any crypto for the past week and more
My account was connect through plaid since account opening. I added an POD, and now I can’t transfer money to/from it. Dumbest chit ever. They want a copy of my account statement, get out of here. I don’t trust anyone with a statement when a lot of people work from home. The workers can do a lot with it if they decide too.
Decent, not the best but good
Stop draining my Ethereum with depositing tiny rewards and then charging a fee that is more than the reward.😡Just get on with the un bonding so I can close it out.
Kraken is one of the world's longest-standing and most trusted digital asset platforms. Founded in 2011, Kraken was one of the first cryptocurrency exchanges to offer spot trading with margin, parachain auctions, staking, regulated derivatives, and index services. The platform enables trading of over 200 digital assets across six national currencies and serves more than 10 million traders globally with around-the-clock support. Kraken is known for its robust security measures, having never been hacked, and its commitment to regulatory compliance. Kraken offers a comprehensive suite of services including cryptocurrency spot trading, futures trading, staking rewards, and NFT marketplace access. The platform is designed to serve both retail and institutional clients, offering advanced trading features, competitive fees, and a user-friendly interface for beginners.
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