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MagyarBy the TradeReviewed Research Team. Data from official exchange pages and regulator registers, dates shown per exchange. How we test
Kraken licences and registrations
| Country or region | Regulator | Status | Source |
|---|---|---|---|
| EU | Central Bank of Ireland (CBI) | Licensed | Official register |
| AE | Virtual Assets Regulatory Authority (VARA) | Licensed | Official register |
| CA | Ontario Securities Commission (OSC) / CSA | Licensed | Official register |
| IN | Financial Intelligence Unit India (FIU-IND) | Banned | Official register |
Safety factors we check
- Proof of reserves: Periodic Merkle tree attestation
- EU MiCA status: MiCA licensed
- KYC: Full
- Founded: 2011
- 24h volume (spot + derivatives): $2.19B
Risks to know
- Any centralised exchange holds your funds, so an exchange failure or hack can mean losses. Keep only trading money on it.
- Scammers impersonate exchange support on Telegram, WhatsApp and X. Real support never asks for your password, codes or seed phrase.
- Leverage can wipe out your deposit quickly. In the EU, retail leverage is capped by law.
- Licences are entity specific: check which company you sign up with in your country.
Frequently asked questions
Is Kraken legit?
Kraken is a real, operating exchange. We verified licences or registrations in: EU, AE, CA. Each row below links to the official register.
Does Kraken have proof of reserves?
Yes: Periodic Merkle tree attestation. Proof of reserves shows assets, not all liabilities, so it lowers but does not remove risk.
Is Kraken available in my country?
It is restricted or banned in: IN. Check the terms of service for your country before you sign up.
How do I keep my exchange account safe?
Use a unique password and an authenticator app or passkey, turn on a withdrawal address whitelist, never share codes with "support" on Telegram or WhatsApp, and move long term holdings to your own wallet.
More comparisons
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Safety checks by exchange
Is BingX safe? Is OKX safe? Is Bybit safe? Is Binance safe? Is Bitget safe? Is MEXC safe? Is KuCoin safe? Is Coinbase safe? Is Gate safe?
Not financial advice. Some links are affiliate links, which never change our data or scores. Affiliate disclosure