Kraken Pro review
Active since 2011, with Proof of Reserves
The story
Kraken was founded in 2011 by Jesse Powell, partly in response to the Mt. Gox collapse, and grew into one of the longest-running exchanges in the world and publishes regular Proof of Reserves audits. In Europe it has operated under a MiCA licence from the Central Bank of Ireland since 2025; derivatives run through a separate MiFID entity. Kraken stands for compliance-first, deep liquidity and professional tools.
What they stand for
- 600+ trading pairs, margin & futures
- Kraken Pro 0.40%/0.80%; plain app 1% to 1.5%
- MiCA via Central Bank of Ireland
Products & services
Security & trust
- Since 2011 · 0 major hacks
- Proof of Reserves
- Cold storage
- 2FA + withdrawal allowlist
- MiCA — Central Bank of Ireland
Where it falls short
- Entry fees run higher than at OKX or Finst; you only pay less once your trading volume goes up.
- Pro is built for experienced traders — for one simple purchase the interface is heavy.
10% of your trading fees back
Ongoing offer — no fixed end date.
Next to two alternatives
Same category, different trade-offs. We don't choose for you — we put them side by side.
| Regulation |  Kraken ProThis page |  Finst |  OKX |
|---|---|---|---|
| Regulation | MiCA — Central Bank of Ireland | MiCA — AFM (no. 41000015, July 2025) | MiCA — MFSA (Malta) |
| What you get | 10% of your trading fees back | €20 in trading fees back with code FINST20 | Up to €400 in rewards, rising with your trading volume |
| Code needed | pyhcy44k | FINST20 | 78453622 |
| — |
How this offer works
Four steps. You know upfront what happens and who does what.
- 1
You go to Kraken Pro
The button below opens Kraken Pro in a new tab. It's an affiliate link: we receive a fee if you open an account there. It costs you nothing extra and changes nothing about the terms.
- 2
Create and verify your account
You create an account and complete identity verification (KYC). No bonus is paid out without completed verification.
- 3
Enter the code
Enter pyhcy44k wherever a promo or referral code is requested. That field is usually shown during registration or under Rewards.
- 4
The bonus is awarded
Kraken Pro decides and pays the bonus, not Cryptocodes. When and how that happens is set out in the terms above. If something isn't right, contact Kraken Pro; we have no access to your account.
Affiliate link · Investing in crypto carries risk
Frequently asked questions about Kraken Pro
Is Kraken Pro trustworthy?
Kraken Pro holds a European authorisation: MiCA — Central Bank of Ireland. An authorisation tells you who supervises the firm; it does not protect you if prices fall.
Which country is Kraken Pro from?
Kraken Pro has been around since 2011. Based in: San Francisco (US) · EU: Dublin.
What does Kraken Pro cost?
Kraken Pro entry 0.40%/0.80%, falling with volume; in the plain app 1% to 1.5%.
Does Kraken Pro have a promo code or welcome bonus?
Yes: 10% of your trading fees back. The code is pyhcy44k. The terms are on our offer page.
View the offer →What are the downsides of Kraken Pro?
Entry fees run higher than at OKX or Finst; you only pay less once your trading volume goes up. Pro is built for experienced traders — for one simple purchase the interface is heavy.