Being one of the most popular cryptocurrency exchanges in the world, Kraken offers a vast range of trading options, including spot, margin, futures, and staking. The exchange also supports more than 50 different cryptocurrencies, such as BTC, ETH, LTC, and many more. 

But before you start trading on Kraken, you need to know how much it will cost you. Kraken fees are not the same for every user, transaction, or currency. They depend on various factors, such as your account level, trading volume, order type, and payment method.

With that being said, let’s look at how Kraken fees work and how you can minimize them to maximize your profits. We will also compare Kraken’s withdrawal, deposit and trading fees with those of other major exchanges and show you why Kraken is one of the best choices for crypto traders in the US.

What are Kraken Withdrawal Fees?

Kraken withdrawal fees can vary based on the type of cryptocurrency you’re withdrawing, and sometimes they may change due to network congestion or other factors. Here are the Kraken Withdrawal fees structure.

CryptocurrencyWithdrawal feeWithdrawal minimum
0x21 ZRX42 ZRX
1inch11 1INCH22 1INCH
Aave0.073 AAVE0.15 AAVE
Aavegotchi5.3 GHST11 GHST
Acala0.15 ACA0.3 ACA
Adventure Gold9.6 AGLD20 AGLD
Akash0.5 AKT2 AKT
Alchemix0.29 ALCX0.58 ALCX
Alchemy Pay150 ACH300 ACH
Algorand0.1 ALGO1 ALGO
Alien Worlds270 TLM540 TLM
Altair3 AIR6 AIR
Ambire AdEx30 ADX60 ADX
Ampleforth Governance Token1.6 FORTH3.2 FORTH
Ankr170 ANKR340 ANKR
ApeCoin1.3 APE2.6 APE
API33.5 API37 API3
Aptos0.01 APT0.02 APT
Aragon1.7 ANT3.4 ANT
Arbitrum0.2 ARB1 ARB
Arpa Chain140 ARPA280 ARPA
Astar0.1 ASTR0.2 ASTR
Audius18 AUDIO36 AUDIO
Augur0.73 REP1.5 REP
Augur v20.72 REPV21.5 REPV2
Avalanche0.05 AVAX0.5 AVAX
Aventus2 AVT4 AVT
Axie Infinity0.67 AXS1.34 AXS
Badger DAO2 BADGER4 BADGER
Balancer0.81 BAL1.7 BAL
Bancor11 BNT22 BNT
Band Protocol3.1 BAND6.2 BAND
Barnbridge1.4 BOND2.8 BOND
Basic Attention Token21 BAT42 BAT
Basilisk150 BSX300 BSX
Biconomy15 BICO30 BICO
Bifrost0.5 BNC1 BNC
Bitcoin0.0002 BTC0.0005 BTC
Bitcoin (Lightning Network)FREE0.00001 BTC
Bitcoin Cash0.0003 BCH0.0006 BCH
BitDAO11 BIT22 BIT
Blur9.8 BLUR20 BLUR
Bluzelle67 BLZ140 BLZ
Bittorrent2.5 BTT5 BTT
Boba Network26 BOBA52 BOBA
Bonfida0.5 FIDA1 FIDA
Cardano1 ADA5 ADA
Cartesi37 CTSI74 CTSI
Celer Network260 CELR520 CELR
Centrifuge0.05 CFG0.1 CFG
Chain1,500 XCN3,110 XCN
Chainlink0.78 LINK1.5 LINK
Chiliz44 CHZ88 CHZ
Chromia35 CHR70 CHR
Civic53 CVC110 CVC
Compound0.14 COMP0.28 COMP
Coin9822 C9844 C98
Convex Finance1 CVX2 CVX
Cosmos0.1 ATOM1 ATOM
COTI73 COTI150 COTI
Covalent33 CQT66 CQT
Crust Shadow25 CSM50 CSM
Curve5.5 CRV11 CRV
Dash0.005 DASH0.01 DASH
Dash (instant send)0.01 DASH0.05 DASH
Dai (Arbitrum One network)0.3 DAI2.5 DAI
Dai (ERC-20)5.8 DAI12 DAI
Dai (Polygon network)0.4 DAI2 DAI
Decentraland9.5 MANA19 MANA
Dent5,100 DENT11,000 DENT
Dogecoin4 DOGE50 DOGE
dYdX2.2 DYDX4.4 DYDX
Energy Web Token0.26 EWT1 EWT
Enjin Coin14 ENJ28 ENJ
Enzyme Finance0.26 MLN0.52 MLN
EOS0.05 EOS0.5 EOS
EthereumPoW0.05 ETHW0.1 ETHW
Ethereum (Arbitrum One Network)*0.003 ETH0.0031 ETH
Ethereum (ERC-20)0.003 ETH0.005 ETH
Ethereum (Polygon Network)0.002 ETH0.0021 ETH
Ethereum Classic0.008 ETC0.01 ETC
Ethereum Name Service0.43 ENS0.86 ENS
Euler1.6 EUL3.2 EUL
Fantom0.07 FTM0.14 FTM
Fetch.ai25 FET50 FET
Filecoin0.01 FIL0.1 FIL
Flare6 FLR12 FLR
Flow0.03 FLOW1 FLOW
Frax Share0.65 FXS1.3 FXS
Gala Games140 GALA280 GALA
Galxe2.9 GAL5.8 GAL
Gari Network5 GARI10 GARI
GensoKishi Metaverse41 MV82 MV
Gitcoin3.1 GTC6.2 GTC
GMX0.007 GMX0.014 GMX
Gnosis0.05 GNO0.1 GNO
Green Satoshi Token10 GST20 GST
Harvest Finance0.16 FARM0.32 FARM
Hashflow9.3 HFT19 HFT
HydraDX3.5 HDX5 HDX
IDEX110 IDEX220 IDEX
iExec3.3 RLC6.6 RLC
ICON10 ICX20 ICX
Immutable X5.2 IMX11 IMX
Injective Protocol (Cosmos network)2 INJ4 INJ
Integritee1 TEER2 TEER
Interlay2 INTR4 INTR
Internet Computer0.001 ICP0.04 ICP
Jasmy920 JASMY1,840 JASMY
JUNO0.03 JUNO0.06 JUNO
Karura1 KAR2 KAR
Kava0.15 KAVA1 KAVA
Keep Network34 KEEP68 KEEP
Keep3r Network0.071 KP3R0.14 KP3R
KeeperDAO0.14 ROOK0.28 ROOK
KILT0.2 KILT0.4 KILT
Kin25,000 KIN50,000 KIN
Kintsugi0.1 KINT0.2 KINT
Kusama0.01 KSM0.0105 KSM
Kyber Network7.5 KNC15 KNC
Lido DAO2.5 LDO5 LDO
Liechtenstein Cryptoassets Exchange81 LCX170 LCX
LimeWire Token7 LMWR15 LMWR
Lisk0.3 LSK1 LSK
Litecoin0.002 LTC0.01 LTC
Livepeer0.9 LPT1.8 LPT
Loopring17 LRC34 LRC
Maker0.0078 MKR0.016 MKR
Mango6 MNGO12 MNGO
Marinade SOL0.005 MSOL0.01 MSOL
Marlin560 POND1,200 POND
Mask Network1.1 MASK2.2 MASK
Merit Circle18 MC36 MC
Mina0.05 MINA1 MINA
Mirror Protocol62 MIR124 MIR
Monero0.0001 XMR0.01 XMR
Moonbeam0.15 GLMR0.3 GLMR
Moonriver0.07 MOVR0.14 MOVR
Multichain0.54 MULTI1.1 MULTI
MultiversX0.05 EGLD0.1 EGLD
MXC300 MXC600 MXC
My Neighbor Alice3.4 ALICE6.8 ALICE
Nano0.05 NANO0.1 NANO
Near Protocol0.01 NEAR0.02 NEAR
Nodle25 NODL50 NODL
Numeraire0.31 NMR0.62 NMR
Nym1 NYM2 NYM
Ocean15 OCEAN30 OCEAN
OMG Network4.1 OMG8.2 OMG
Orca0.25 ORCA0.5 ORCA
Orchid66 OXT140 OXT
Origin Protocol46 OGN92 OGN
Oxygen5 OXY10 OXY
Parallel Finance25 PARA50 PARA
PAX Gold0.0029 PAXG + 0.02% to Paxos†0.006 PAXG
Pepe1,000,000 PEPE2,000,000 PEPE
Perpetual Protocol6.9 PERP13.8 PERP
Phala0.07 PHA0.14 PHA
PlayDapp26 PLA52 PLA
Polkadot0.05 DOT1.05 DOT
Polkastarter13 POLS26 POLS
Polygon (ERC-20)4 MATIC6.5 MATIC
Polygon (Polygon Network)0.5 MATIC2 MATIC
Powerledger30 POWR60 POWR
pSTAKE67 PSTAKE134 PSTAKE
Qtum0.01 QTUM0.1 QTUM
Quant0.047 QNT0.1 QNT
Radicle3.1 RAD6.2 RAD
Raydium0.5 RAY1 RAY
Rarible3.6 RARI7.2 RARI
REN Protocol57 REN120 REN
Render3.7 RNDR7.4 RNDR
Request56 REQ112 REQ
Ripple0.2 XRP25 XRP
Robonomics0.2 XRT0.4 XRT
Rocket Pool0.13 RPL0.26 RPL
Rubic330 RBC660 RBC
Saber100 SBR200 SBR
Samoyed Coin30 SAMO60 SAMO
Secret0.5 SCRT1 SCRT
SelfKey670 KEY1400 KEY
Serum0.5 SRM1 SRM
Shiba Inu400,000 SHIB746,000 SHIB
Shiden7 SDN14 SDN
Siacoin5 SC10 SC
Solana0.01 SOL0.02 SOL
Songbird0.01 SGB1 SGB
Spell Token7,500 SPELL15,000 SPELL
Stacks0.25 STX0.5 STX
Stafi Protocol11 FIS22 FIS
Star Atlas75 ATLAS150 ATLAS
Star Atlas DAO1 POLIS2 POLIS
Stargate Finance7 STG14 STG
Stella48 ALPHA96 ALPHA
Stellar Lumens0.001 XLM25 XLM
Step Finance10 STEP20 STEP
STEPN0.5 GMT1 GMT
Storj15 STORJ30 STORJ
Sui0.25 SUI0.5 SUI
SuperFarm41 SUPER82 SUPER
SuperRare47 RARE94 RARE
Sushi5.1 SUSHI11 SUSHI
Swipe11 SXP22 SXP
Synapse6.7 SYN14 SYN
Synthetix2.2 SNX4.4 SNX
tBTC0.0002 TBTC0.0005 TBTC
Terra 2.00.1 LUNA20.5 LUNA2
Terra Classic35,000 LUNA + 0.5% tax burn50,000 LUNA
TerraUSD Classic1 UST 0.5% tax burn2 UST
Terra Virtua Kolect130 TVK260 TVK
Tether EURt5 EURT5 EURT
Tether USD (Arbitrum One network)5 USDT6 USDT
Tether USD (ERC-20)5 USDT7.11 USDT
Tether USD (Polygon network)1 USDT2 USDT
Tether USD (Solana network)5 USDT6 USDT
Tether USD (TRC-20)2.5 USDT5 USDT
Tezos0.4 XTZ0.8 XTZ
The Graph39 GRT78 GRT
The Sandbox8.8 SAND18 SAND
Thorchain0.5 RUNE1 RUNE
Threshold160 T320 T
TrueFi81 TRU162 TRU
TrueUSD2.5 TUSD5 TUSD
Tokemak5.8 TOKE11.6 TOKE
Tron15 TRX20 TRX
Uniswap0.94 UNI1.9 UNI
Unifi Protocol DAO1.2 UNFI2.4 UNFI
Universal Market Access2.8 UMA5.6 UMA
USD Coin (Arbitrum One and Arbitrum One USDC.e**)5 USDC6 USDC
USD Coin (ERC-20)5 USDC7.11 USDC
USD Coin (Polygon network)1 USDC2 USDC
USD Coin (SPL)1 USDC6 USDC
USD Coin (TRC-20)2.5 USDC5 USDC
WAVES0.005 WAVES0.01 WAVES
Woo Network23 WOO46 WOO
Wrapped Bitcoin0.0002 WBTC0.0005 WBTC
Wrapped Ether0.003 WETH0.005 WETH
Wrapped Axelar11 WAXL22 WAXL
Yearn Finance0.00064 YFI0.0013 YFI
Yield Guild Games21 YGG42 YGG
Zcash0.001 ZEC0.005 ZEC

How Much Does Kraken Charge to Withdraw?

Kraken charges between $0.10 and $35 for fiat withdrawals, with an additional 0.5% for wire transfers. For cryptocurrency withdrawals, the fees vary widely and range from around $0.05 to about $5 when converted to USD.

What are Kraken Withdrawal Fees BTC?

Kraken charges a flat fee of 0.00015 BTC for each Bitcoin withdrawal transaction, which has been lowered from 0.0005 BTC in early February 2023. This shift made Kraken one of the cheapest exchanges to withdraw BTC. This fee covers the network cost of sending the coins to your destination address.

What are Kraken Deposit Fees?

Kraken deposit fees are the fees that you pay when you send money or crypto to your Kraken account. Kraken deposit fees depend on the payment method and the type of currency that you use to fund your account.

Here are the Kraken Deposit Fees in USD

Different deposit methods are available for Kraken exchange users in the USA and worldwide. In the USA, users have four main options for deposits.

  • Firstly, ACH (Plaid) requires a minimum deposit of 1 USD, carries no deposit fee, and the transaction is processed nearly instantly.
  • Secondly, FedWire (MVB Bank) also has a minimum deposit of 1 USD and no deposit fee, but the processing time can take 0 to 1 business days.
  • Thirdly, FedWire (Etana Custody) has a higher minimum deposit requirement of 150 USD, offers free deposits, and the processing time is 2 to 5 business days or instant.
  • Lastly, FedWire (SynapseFi) allows for a minimum deposit of 20 USD, charges a 5 USD deposit fee, and the processing time is 1 to 2 business days.

For users outside of the USA, there are two primary options.

  • They can use SWIFT (Etana Custody) with a minimum deposit of 150 USD and no deposit fee, with a processing time of 2 to 5 business days or instant.
  • Alternatively, they can choose SWIFT (Bank Frick) which requires a lower minimum deposit of 4 USD, charges a 3 USD deposit fee, and has a processing time of 1 to 5 business days.

Here are the Kraken Deposit Fees in Euros

For SEPA[Single European Payment Area] users, there are three deposit options.

  • The first one is SEPA / SEPA Instant (ClearJunction), which requires a minimum deposit of 1 EUR, has no deposit fee, and takes 0 to 3 business days or can be instant.
  • The second option is SEPA / SEPA Instant (Plaid), which also requires a minimum deposit of 1 EUR, carries no deposit fee, and takes 0 to 3 business days or can be instant.
  • The third option is SEPA (Bank Frick), which has the same minimum deposit of 1 EUR and no deposit fee, but it takes 0 to 3 business days to process.

Worldwide users have two options for depositing Euros.

  • The first option is SWIFT (Bank Frick) which requires a minimum deposit of 4 EUR, carries a 3 EUR deposit fee, and has a processing time of 1 to 5 business days.
  • The second option is SWIFT (Etana Custody) which requires a larger minimum deposit of 150 EUR, has no deposit fee, and the processing time is 2 to 5 business days or can be instant.

If you have a bank account within the Single European Payment Area (SEPA), you have the option to choose any of the provided SEPA deposit methods. If you are depositing Euros from anywhere else in the world, you can opt for one of the SWIFT deposit methods based on your preference for deposit minimums and fees.

For fiat currencies, such as USD, EUR, GBP, etc. Kraken supports various payment methods, such as bank transfers, wire transfers, debit cards, credit cards, etc. 

Important deposit information:

  • Ensure your deposit currency must match with the currency of the deposit option you choose. Inaccurate deposits may lead to return of funds and additional charges.
  • The deposit fees are meant to cover Kraken’s costs for handling your deposit, and they do not include any additional charges that your bank may apply.
  • Kraken is unable to process deposits from specific third-party payment providers.
  • In Canada, verified customers can use cash and debit cards to deposit via the In-Person service.
  • Take note of bank holidays as they may impact deposit timelines.
  • The deposit information can be altered without warning and may not be consistently up-to-date. For the latest details, log into your Kraken account and check the appropriate deposit page.
  • Kraken does not accept deposits in the form of checks from US domestic accounts. Neither should checks or cash be mailed or deposited directly to Kraken’s bank accounts or addresses. Such checks will be disposed of.

Are there any other fees?

You might have to pay fees to your bank when sending a deposit to Kraken payment processors. Also, other banks involved in the transaction might charge fees or change the transaction to a different currency along the way, such as when you send euros from outside Europe. The sender must pay these costs, and it’s the sending bank’s responsibility to handle them.

What are Kraken Pro Fees?

Kraken Pro fees is based on your total trading volume over the last 30 days. Most trades are subject to either a 0.26% taker fee or 0.16% maker fee.

Kraken Pro fees are the fees that you pay when you trade cryptocurrencies on Kraken’s advanced trading platform. Kraken Pro fees are much lower than the fees on the main Kraken platform, which uses Instant Buy/Sell services. 

30- Day Volume (USD)MakerTaker
$0 – $50,0000.16%0.26%
$50,001 – $100,0000.14%0.24%
$100,001 – $250,0000.12%0.22%
$250,001 – $500,0000.10%0.20%
$500,001 – $1,000,0000.08%0.18%
$1,000,001 – $2,500,0000.06%0.16%
$2,500,001 – $5,000,0000.04%0.14%
$5,000,001 – $10,000,0000.02%0.12%
$10,000,000+0.00%0.10%

Kraken vs. Kraken Pro Fees

Kraken charges higher fees than Kraken Pro because it uses a third-party service provider to execute your trades. Kraken fees are based on the amount and the currency that you trade, and they range from 1.5% to 3.75%, depending on your account level and payment method.

Kraken Pro charges lower fees than Kraken because it executes your trades directly on its own order book. Kraken Pro fees are based on your trading volume in the past 30 days and whether you are a maker or a taker, and they range from 0% to 0.26%, depending on your account level, trading volume, and order type. 

Kraken vs. Kraken Pro fees are different for each platform. Kraken is the main platform that allows you to buy and sell crypto with fiat currency or other crypto using Instant Buy/Sell services.

Kraken Pro is an advanced platform that allows you to place limits, market, stop loss, take profit, and other types of orders using a trading interface. 

Does Kraken Pro Have Lower Fees?

Yes, Kraken Pro have lower fees for trading cryptocurrency than Kraken. Kraken Pro is an advanced trading platform introduced by Kraken Exchange. 

What are Kraken Trading Fees?

Kraken charges a Trading fee ranges from 0% to 0.26% of the total cost (value) of your order when your order is executed (matched with another client’s order).

Kraken trading fee depends on:

  • Your 30-day trading volume. The higher your account level and the more you trade, the lower your trading fees will be.
  • Kraken uses a maker-taker fee model, which means that you pay different fees depending on whether you add liquidity to the market (maker) or take liquidity from the market (taker). Makers pay lower fees than takers because they help create a more efficient and liquid market. 
  • And the traded currency pair.

How Do I Reduce Fees on Kraken?

There are a few ways to reduce fees on Kraken, depending on which platform and payment method you use. Some of them are:

  • Using Kraken Pro instead of Kraken, as the fees of Kraken Pro are lower than Kraken’s fees.
  • Increasing account level and trading volume as higher level account and trading volume result in lower fees in both Kraken and Kraken Pro.
  • Using cryptocurrencies instead of fiat currencies since there are no charges for crypto deposits on Kraken.

Kraken Fees vs. Coinbase: Are Kraken Fees Cheaper Than Coinbase?

Yes, Kraken charges 50% lower fees per trade than Coinbase.

  • Kraken’s trading fees range from 0% to 0.26%, whereas Coinbase charges 0.50%.
  • For credit card purchases, Kraken charges 3.75% plus €0.25, while Coinbase charges a higher fee of 3.99%.
  • Kraken charges 1.7% plus $0.10 for online banking processing, while purchases from a Coinbase wallet or bank account incur a 1.49% fee.

This shows that, overall, Kraken’s fees are indeed cheaper than Coinbase.

Does Kraken Charge Fees for Staking?

No, currently there are zero fees for staking or unstaking imposed by Kraken. But for Ethereum staking, it does charge an administrative fee from the staking rewards you earn due to the network’s specific rollout and complexity. This results in a varying reward rate for clients.

How Much Does Kraken Charge for Bank Transfers?

Kraken supports various payment methods for different currencies and regions, such as FedWire, SEPA, etc. Each payment method has its own fee structure and processing time. For example, FedWire (MVB Bank) charges no fee per transaction in the US, while SWIFT (Etana Custody) charges $150.

Can You Cash Out of Kraken?

There are two ways to cash out of Kraken.

  1. If you want to withdraw cash, simply choose the withdrawal method as a bank transfer.
  2. Similarly, for crypto withdrawals, select crypto from the drop-down menu and enter the address of your external address or exchange.

Are Kraken Fees High?

Kraken fees are not high compared to major crypto exchanges. However, they may vary depending on several factors, such as the amount and type of currency that you trade, the payment method that you use, and whether you are a maker or a taker. 

About Manisha Ailneni

Manisha is a Web3 Content Writer with 2 years of experience in the industry. Having a knack for simplifying the complex topics around Web3, she envisions playing a prominent role in the global adoption of blockchain, crypto, and the Web3 industry.

Leave a Comment