Is Kraken Legit and Safe?
HasTrust rates Kraken Trusted (79/100), checked 2026-06-23: Excellent security track record with no loss of customer funds in over 14 years; Pioneer of transparent, quarterly, user-verifiable Proof of Reserves audits; Competitive fees on Kraken Pro platform compared to other regulated exchanges.
Is Kraken legit and safe? Based on HasTrust's assessment, Kraken earns a Trusted score of 85/100, reflecting a 14-year track record with no customer funds lost to hacks, strong regulatory compliance, and quarterly Proof of Reserves audits. It does receive mixed Trustpilot feedback, mainly over verification delays and support responsiveness, so weigh that alongside its solid security record before signing up.
What we measured
Why this score?
Kraken is widely regarded as one of the most secure and reputable cryptocurrency exchanges, with a 14-year track record of never losing customer funds to hacks. While it maintains strong security, regulatory compliance, and transparency through quarterly Proof of Reserves audits, it receives mixed feedback on platforms like Trustpilot, largely due to user frustrations over account verification delays and customer support responsiveness. For the best value, users should utilize the Kraken Pro platform rather than the basic instant-buy interface to avoid higher fees.
Video reviews
Pros
- Excellent security track record with no loss of customer funds in over 14 years
- Pioneer of transparent, quarterly, user-verifiable Proof of Reserves audits
- Competitive fees on Kraken Pro platform compared to other regulated exchanges
- Strong regulatory compliance and licensing across major global regions
- Broad support for multiple fiat currencies and bank transfer methods
Cons
- Mixed user reviews regarding verification delays and customer support responsiveness
- Standard instant-buy app fees are significantly higher than Pro fees
- Not available to residents of New York and Maine in the U.S.
- Mobile app experience can be less polished than the desktop version
- Limited or complex staking features depending on jurisdiction and recent regulatory changes
- High volume of negative user reviews on Trustpilot citing account verification and support issues
- Potential for unexpected transaction pending status or account restrictions according to some user reports
- Not available in certain U.S. states like NY and Maine
Better options
Why switch: Often considered more user-friendly for mobile-first users.
Offers lower default trading fees for high-volume or active retail traders.
What web sources say (not checked by us)
Third-party ratings
Facts
Based on 8 sources
Is Kraken Safe? Security & Risk Analysis (2026) | TICKraken Review 2026: Fees, Security, Staking, & Pro - Coin BureauKraken Review 2026: 14 Years Clean, 0.25/0.40% Pro FeesKraken Review 2026 - Fees, Security, Fiat Rails | CoinportaKraken Exchange Review 2026: Is It The Safest Crypto Exchange?Is Kraken Safe? Trust Score & Security Review (2026)Kraken Reviews 2,805Kraken Reviews | Read Customer Service Reviews of kraken.com💬 Ask about this shop
Answers come from what we checked about this site — the AI only picks the topic, it writes nothing.
🛡️ Site safety check
What you should do
- Still pay with a method that has buyer protection (credit card or PayPal), never a bank transfer.
- Check the returns policy and delivery time before ordering.
- We keep tracking this site — check back here if anything feels off later.
🔍 What we checked ourselves
Each row is a check HasTrust ran, and the day it ran.
| Check | What we found | How | When |
|---|---|---|---|
| HTTPS certificate | Certificate expired 2026-08-02 — not re-checked since | TLS handshake from our servers | before 2026-06-23 |
| First seen on the web | 1996 | Internet Archive | before 2026-06-23 |
| Popularity rank | #3549 on Majestic Million | Majestic Million list | before 2026-06-23 |
| Blocklist | Not listed | HasTrust blocklist | |
| Trust score history | 6 recorded points since 2026-06-23, 85 → 79 | HasTrust score model |
Buyer reports
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Checked 99 days ago. · How we score →
Frequently asked
Is Kraken legit?⌄
Trusted. HasTrust trust score: 79/100. Kraken is widely regarded as one of the most secure and reputable cryptocurrency exchanges, with a 14-year track record of never losing customer funds to hacks. While it maintains strong security, regulatory compliance, and transparency through quarterly Proof of Reserves audits, it receives mixed feedback on platforms like Trustpilot, largely due to user frustrations over account verification delays and customer support responsiveness. For the best value, users should utilize the Kraken Pro platform rather than the basic instant-buy interface to avoid higher fees.
Is Kraken a scam?⌄
Our check surfaced no major scam signals — still verify payment and seller details before you pay.
What is the Kraken trust score?⌄
HasTrust rates Kraken 79/100 (Trusted). Buy
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