Kraken Exchange Fees
Kraken is one of the largest cryptocurrency exchanges in the world, and it is known for its low fees and high liquidity. As such, many users are curious about the fees associated with trading on the platform. In this article, we will take a look at the various fees associated with trading on Kraken and how they compare to other exchanges.
Fee Structure
Kraken charges a variety of fees for different types of trades, including maker and taker fees, withdrawal fees, and deposit fees. Maker fees are charged when a user places an order that is not immediately filled, while taker fees are charged when an order is filled immediately. Kraken charges a flat fee of 0.16% for maker fees and 0.26% for taker fees.
Kraken also charges a variety of withdrawal and deposit fees, which vary depending on the currency being used. For example, Kraken charges a 0.0005 BTC withdrawal fee for
Bitcoin withdrawals, and a 0.005 ETH withdrawal fee for Ethereum withdrawals. Deposit fees are typically much lower than withdrawal fees, and Kraken does not charge any fees for deposits in most cases.
Comparison to Other Exchanges
When compared to other exchanges, Kraken’s fees are relatively low. Many other exchanges charge higher fees for both maker and taker trades, and some even charge additional fees for deposits and withdrawals. For example,
Coinbase charges a 1.49% fee for both maker and taker trades, and a 3.99% fee for credit and debit card deposits.
Overall, Kraken’s fees are relatively low when compared to other exchanges, which makes it a great choice for traders who are looking to save money on trading fees. Additionally, Kraken’s liquidity is among the highest in the industry, which makes it an excellent choice for traders who are looking to quickly and easily execute trades.
