There's a reason Kraken keeps coming up whenever experienced traders talk about which exchanges they actually trust. Founded in 2011, it's one of the oldest continuously operating crypto exchanges in the world — and in an industry where platforms have disappeared overnight, gone insolvent, or been hacked into oblivion, that longevity means something real.
This guide covers everything you need to know about logging into Kraken, securing your account properly, understanding what the platform offers, and deciding whether it belongs in your trading setup in 2026.
Kraken is one of the longest-running crypto exchanges, founded in 2011 with an emphasis on security, reliability, and regulatory compliance. Those three words — security, reliability, compliance — aren't just marketing language in Kraken's case. They reflect genuine operational decisions the company has made consistently over more than a decade, often at the expense of moving as fast as competitors.
Today, it's a full-service platform offering 500+ cryptocurrencies, plus stocks and ETFs for eligible US users. You can choose between a simple interface for beginners or the advanced Kraken Pro for serious traders, with features like staking, margin, and futures trading built right in.
What makes Kraken stand out isn't any single feature — it's the overall package it delivers to people who take security seriously. Kraken has never been hacked since its launch. It holds 95% of assets in cold storage, publishes monthly proof-of-reserves reports, and is regulated by FinCEN and multiple international bodies. That's a clean track record that very few exchanges can honestly claim.
One important note before going further: Kraken is available in 47 US states for buying and selling, but is not available in Maine, New York, and Washington. If you're in one of those three states, you'll need to look at alternatives.
Logging into Kraken is a quick process, but there are some habits worth building from the start to make sure you're always doing it safely.
Step 1: Go directly to id.kraken.com/sign-in
Always navigate to Kraken by typing the address directly into your browser. Verify that you are signing into https://id.kraken.com/sign-in — a slight variation of this address can mean you are visiting a phishing website, putting your funds at risk. Bookmark the correct page once you've confirmed it, and use that bookmark every time going forward.
Step 2: Enter your username and password
Kraken uses a username rather than just an email address to log in — a small but meaningful distinction, since your username isn't something that's publicly associated with your identity. Enter your credentials carefully, double-checking for Caps Lock before assuming something is wrong.
Step 3: Complete your 2FA verification
Once your credentials are accepted, Kraken will prompt you for your two-factor authentication code. Depending on how you've set things up, this will be a six-digit code from your authenticator app, a passkey, or a hardware security key. Enter it promptly — the codes from authenticator apps rotate every 30 seconds.
Step 4: Approve new devices when prompted
If you're logging in from a new device, you'll receive an email from Kraken asking you to approve it. Click the Approve device button within 20 minutes, otherwise the link will expire. Make sure the approval email is sent from @kraken.com before clicking anything in it.
Step 5: You're in — take a moment to check your dashboard
Kraken's standard interface shows your portfolio overview, recent activity, and easy access to buying, selling, and staking. If you're ready for advanced trading, switch to Kraken Pro using the toggle at the top of the page.
One thing that trips up new users is that Kraken deliberately separates its beginner and advanced experiences into distinct interfaces. Understanding how they fit together saves a lot of confusion.
Kraken feels less like one unified app and more like a deliberate multi-app setup. The standard Kraken interface handles simple funding and portfolio actions, Kraken Pro handles order-book trading and advanced tools, and Kraken Desktop extends that setup for heavier trading workflows.
Think of the standard Kraken interface as your front door — straightforward, clean, designed for people who want to buy crypto and check their portfolio without dealing with charts and order books. Kraken Pro is where serious trading happens. It has TradingView-powered charts, real-time order books, multiple order types, and the kind of layout that feels familiar if you've ever traded stocks or forex professionally.
The good news is that both interfaces use the same account and the same balance. You don't need to transfer funds between them like the old Coinbase Pro setup required. Just toggle between views depending on what you're doing.
Kraken takes a more sophisticated approach to 2FA than most exchanges, and understanding the full system is genuinely worth your time.
Kraken allows you to set up separate 2FA for four different account functions: Sign-In, Master Key, Funding (deposits, withdrawals, and rewards), and Trading. This separation is powerful. It means that even if an attacker somehow compromises your sign-in credentials, they still can't move your funds without your Funding 2FA — a completely separate layer.
Here's how to set up authenticator app 2FA on Kraken, step by step:
Step 1: Download an authenticator app
Google Authenticator and Authy are both solid choices. If you're particularly security-conscious, a hardware key like a YubiKey offers the strongest protection available. For most users, an authenticator app is the right balance of security and practicality.
Step 2: Go to Settings → Security
Log in to Kraken, click your profile icon in the upper-right corner, and navigate to Settings, then Security. You'll see the 2FA options listed by function — Sign-In, Funding, Trading, and Master Key.
Step 3: Select the function you want to protect and choose Authenticator App
Start with Sign-In 2FA. Click the toggle, select Authenticator App, and a QR code will appear on screen.
Step 4: Scan the QR code and save the setup key
Open your authenticator app, tap the "+" to add a new account, and scan the QR code. Before closing this screen, click "View setup key" to see the setup key in plain text and write it down. Store it somewhere offline and physically secure — this key is what allows you to restore your 2FA if you ever lose your phone.
Step 5: Enter the six-digit code to confirm
Type the current code from your authenticator app into the confirmation field on Kraken and click Confirm. Your Sign-In 2FA is now live.
Step 6: Repeat for Funding 2FA
Go back to the Security page and set up a separate 2FA specifically for withdrawals and deposits. This means even if your sign-in 2FA is compromised, funds cannot be withdrawn. Never disable withdrawal 2FA — even temporarily. It is the last line of defence against fund theft.
Most guides skip over this, but it's one of Kraken's best security tools. Kraken's Master Key is an additional password required to change security settings on your account. This is separate from your login password and provides an extra barrier against an attacker who has already obtained your password. Set it up from Security → Master Key, and store it somewhere separate from your login credentials.
The Global Settings Lock freezes critical account settings — such as password changes or withdrawal addresses — for a set period. Even if an attacker gains access to your account, they cannot immediately change your withdrawal address and drain funds. You get a window to detect and respond. Enable this once your security setup is complete.
Once you're comfortable with the basics, Kraken Pro is where the platform really earns its reputation.
Kraken Pro is a full-featured trading terminal that feels like a Bloomberg Terminal for crypto — real-time charts, order types including limit, stop, and trailing, depth charts, and historical data. Compared to Coinbase Advanced, traders say Kraken Pro feels more familiar, more responsive, and more customizable. If you've traded stocks or forex before, Kraken Pro won't feel like learning a new language.
Key features include:
Order types — Market, limit, stop-limit, and trailing stop orders are all available. This gives you meaningful control over how and when your trades execute, rather than just buying at whatever the current price happens to be.
Margin trading — Kraken offers low-fee margin trading on crypto. Margin fees vary by cryptocurrency but top out at 0.02% to open a position, with a rollover fee of 0.02% charged every four hours the position remains open. Bitcoin fees are lower at 0.01% to open and 0.01% to roll over.
Futures trading — Available for eligible users, futures give you leveraged exposure to price movements without owning the underlying asset. Available pairs and leverage limits vary by jurisdiction.
Staking — 21 coins are currently available for staking, with APY topping out at 21%. If you're holding assets for the medium to long term, staking them on Kraken is a reasonable way to put them to work. Kraken also offers staking rewards on some stablecoins such as USDC and USDT with APYs around 4.8% as of 2026.
xStocks — A newer and genuinely interesting addition. If you're in the US (except Maine and New York), Kraken has rolled out commission-free trading on 11,000+ US stocks and ETFs, and also offers tokenized stocks in certain countries via xStocks. This makes Kraken one of the few crypto exchanges that's quietly becoming a multi-asset trading platform.
Kraken's fees depend almost entirely on which interface you're using, which catches a lot of new users off guard.
On the standard Kraken app and web flow, buy, sell, and convert transactions use a fixed 1% trading fee, and the quoted price also includes a spread. Kraken applies a fixed 3% fee to "Convert Small Balances" transactions below the normal minimum order size. This is convenient but not cheap — fine for occasional purchases, not ideal for active trading.
There's also Kraken+, a subscription tier. Kraken+ costs $4.99 per month and gives you zero-fee trading on up to $20,000 in monthly volume. If you're making small, regular purchases rather than large concentrated trades, this subscription could save you money month over month.
The key takeaway: always use Kraken Pro for any meaningful trade. The difference between 1% on the standard interface and 0.25–0.40% on Pro adds up very quickly if you're trading regularly.
The short answer is yes — and the evidence is unusually strong compared to most exchanges.
Kraken maintains a security model that stores 95% of client assets in air-gapped cold storage systems distributed across geographically diverse locations. The exchange has never suffered a successful security breach resulting in client fund loss since its inception — a track record that distinguishes it within the industry.
Beyond the infrastructure, Kraken publishes regular Proof of Reserves audits. As of early 2026, Kraken's most recent audit confirmed 100% reserve backing across major cryptocurrencies including Bitcoin, Ethereum, and stablecoins. Independent verification of reserves matters enormously in a space where some exchanges have turned out to be holding far less than they claimed.
On the regulatory side, Kraken holds multiple licenses and registrations across jurisdictions, including FinCEN registration as a Money Services Business in the United States, and authorization from financial regulators in the United Kingdom, Canada, and Australia.
One additional note worth being aware of: Kraken has had regulatory friction with the SEC in the US, including a settlement related to its staking program in 2023. These weren't existential issues and the exchange has continued operating without major disruption — but they're part of the full picture, and any honest review should mention them.
Problem: Your 2FA code keeps showing as invalid
This is almost always a time-sync issue. If you have access to your 2FA codes but are receiving an "Invalid login" message, update the time settings on your phone from Manual to Automatic and ensure the correct code is being used. Authenticator apps generate codes based on the current time — even a 30-second drift can cause the codes to fail.
Problem: You're being asked to approve a new device
This is normal security behaviour, not a problem. Check your email and spam folder for a device approval message and approve the login attempt. Ensure that both the device you're trying to sign in with and the device you're approving from are on the same network and using the same internet connection
Problem: You've lost access to your authenticator app
The best way to protect against a lost sign-in 2FA is to have set up a Master Key and stored it in a separate location, or to have used a Hardware Security Key as your primary method. If you didn't set up either of these backups, you'll need to contact Kraken Support directly and go through their account recovery process, which involves identity verification and can take several days.
Problem: You forgot your username
Unlike most platforms, Kraken uses a username rather than your email to log in. Navigate to https://id.kraken.com/sign-in and click "Forgot username." Enter the email address associated with your Kraken account, and check your inbox for an email from noreply@kraken.com with the subject "Kraken Security - Username Request."
Problem: "Session Invalid" error
This occurs when your system has changed its IP address during the sign-in session — a feature in place to combat session hijacking. If this keeps happening, you can contact your ISP or try using a VPN to maintain a stable connection to Kraken.
The headline conclusion: Kraken sits between Coinbase and Binance in terms of positioning. It's more feature-rich and lower-fee than Coinbase, but doesn't have the same depth of altcoin selection or futures liquidity as Binance or KuCoin. Where it genuinely beats both is on security history, regulatory standing, and the depth of its account protection features — particularly the multi-layer 2FA system that most other exchanges haven't bothered to build.
If you want the best altcoin selection, KuCoin is your pick. If you want the most US-compliant and beginner-friendly experience, Coinbase wins. But if you want a platform that has been battle-tested for 13+ years, has never lost a single dollar of customer funds to a hack, and still gives you professional trading tools — Kraken is the answer.
Is Kraken available in the US?
Yes, but not in all states. Kraken serves users in 47 US states — Maine, New York, and Washington are currently excluded due to local regulatory requirements.
Does Kraken require ID verification (KYC)?
Yes. Kraken requires KYC verification to unlock full trading and withdrawal capabilities. The process involves submitting a government-issued ID and proof of address. Basic features are available at the Starter level, but full access requires Intermediate or Pro verification.
What's the difference between Kraken and Kraken Pro?
They use the same account and the same balance. Kraken's standard interface is designed for simple buying, selling, and portfolio tracking. Kraken Pro is the advanced trading terminal with order books, charting, margin, and lower fees. You switch between them using a toggle — there's no separate account or fund transfer required.
Has Kraken ever been hacked?
Kraken-managed custodial wallets have never been breached since the exchange was founded in 2011.This is one of the longest unblemished security records in the industry.
Can I stake crypto on Kraken?
Yes. Kraken supports staking on 21 cryptocurrencies with variable APY rates. Staking is available directly from your Kraken account and doesn't require moving funds to a separate product. Availability varies by region — some US states have restrictions on staking services.
What should I do if I think my Kraken account has been compromised?
Act immediately. Change your password, review your active sessions and log out of any unfamiliar devices, and check your withdrawal history. If you believe funds are at risk, contact Kraken Support through their official Help Centre and request an account freeze while the situation is investigated. The Global Settings Lock feature, if enabled, will already have created a delay on any changes an attacker tries to make — giving you time to respond.
Kraken isn't the flashiest exchange, and it doesn't try to be. It doesn't have the widest altcoin selection, the lowest fees at base volume tiers, or the slickest mobile app in the industry. What it does have is 13+ years of clean operation, a genuinely sophisticated security architecture, regulatory credibility that most competitors are still working toward, and a professional trading environment that experienced traders consistently rate highly.
If you're at the stage where you want more than a beginner exchange but you're not ready to sacrifice security and regulatory clarity for marginal fee savings — Kraken is exactly where you should be. Set up your account properly, enable all four 2FA layers, activate the Global Settings Lock and Master Key, and then focus on trading. The platform won't let you down on security. The rest is up to you.
Disclaimer: This content is for educational and informational purposes only and does not constitute financial or investment advice. Cryptocurrency trading carries significant risk. WalletCrypto.com may earn affiliate commissions from links to exchanges at no additional cost to you. Always conduct your own research before making any trading decisions.