Kraken Referral Code — $10 Bonus

Terms & Conditions Apply

Welcome bonuses on Kraken are subject to regional availability. The $10 welcome bonus applies to qualifying new accounts that meet deposit and trading activity requirements within the promotional period. KYC verification is mandatory. Perpetual futures trading on Kraken is available through Kraken Pro; leverage caps apply and vary by jurisdiction. Not available to US residents for futures trading in most states.

How to Claim

1. 1

   Click the Claim Bonus button to open Kraken with the deposit bonus offer pre-linked.

2. 2

   Connect your wallet and complete account registration. Review the minimum deposit requirements.

3. 3

   Make a qualifying deposit to your account. The bonus will be credited automatically.

4. 4

   Begin trading to meet any volume requirements. Monitor your bonus status in the rewards dashboard.

About Kraken

## What Kraken is Fifteen years of operation, zero major exchange hacks. In an industry where Bybit lost $1.5 billion to the Lazarus Group in February 2025, Bitmart lost $196 million in 2021, and Mt. Gox collapsed after losing 850,000 BTC, Kraken's clean security record is the single most important fact about the platform. Large capital and family offices route through here for that reason. So do law-minded traders — not for better fees or more pairs. Kraken opened in San Francisco in 2011 — before Bitcoin reached $1. It has built legal depth that no other exchange on this list matches. The UK entity, Crypto Facilities, holds full FCA approval. The US entity holds a FinCEN MSB registration and serves qualified US customers for futures in eligible states. FINTRAC covers Canada. AUSTRAC covers Australia. The EU roster adds several national VASP registrations. In March 2025, Kraken completed the $1.5 billion purchase of [NinjaTrader](https://blog.kraken.com/news/kraken-to-acquire-ninjatrader), the leading US retail futures platform. That makes Kraken the first crypto exchange to bridge directly into the licensed TradFi futures world. No other exchange in this comparison has done a deal of that scale or type. See Kraken's [open interest and volume on PerpFinder](/exchanges). ## Fees in detail [Kraken's futures fee schedule](https://support.kraken.com/articles/360048917612-fee-schedule) starts at 0.02% maker and 0.05% taker on perpetual contracts — the same as Binance and OKX at base level. Volume tiers cut costs for higher-frequency accounts: - Tier 0 (default): 0.02% maker, 0.05% taker - Tier 2 ($1M monthly volume): 0.015% maker, 0.04% taker - Tier 4 ($15M monthly volume): 0.01% maker, 0.035% taker - Tier 6 (pro): 0.00% maker, 0.025% taker For a $10,000 BTC/USDT perpetual round-trip opened and closed at market, base taker cost is $10.00 — the same as Binance and OKX. Kraken does not offer a native exchange token discount (no BNB or OKB equivalent). Fee cuts are volume-only. At Tier 4, the round-trip drops to $7.00. That is in line with VIP-equivalent levels on Binance and Bybit. Use the [PerpFinder fee calculator](/tools/fee-calculator) to model your volume bracket. Spot trading fees are separate and higher: 0.16% maker / 0.26% taker at base, stepping down by volume. If your activity is mainly futures, the futures tier is the relevant schedule. ## Security and proof of reserves Kraken was the first crypto exchange to conduct Proof of Reserves, starting the practice in 2014. That was eight years before the FTX collapse made reserve openness the norm. The method uses Merkle tree inclusion proofs with third-party checks by a named accounting firm. Users can confirm their balance is included in the aggregate reserve pool. Kraken has committed to a quarterly cadence going forward. The exchange holds SOC 2 Type II certification, covering safety, uptime, and processing integrity — an external audit standard borrowed from traditional finance. No rival exchange in the mid-tier combines Proof of Reserves since 2014, SOC 2 Type II, and a fifteen-year clean security record. The PerpFinder team checked [Kraken's Proof of Reserves portal](https://www.kraken.com/proof-of-reserves) in May 2026 and confirmed BTC and ETH ratios above 100%. The NinjaTrader deal, announced March 2025 and closed later that year, brought a CFTC-registered Futures Commission Merchant under the Kraken umbrella. That US legal footprint is one Binance, Bybit, and OKX do not have. ## Leverage and pairs Over 100 perpetual futures pairs with a 50x max leverage cap on BTC/USDT and ETH/USDT. The 50x cap is not a technical limit — it is Kraken's clear risk stance, aligned with its compliance focus. A 50x position needs a 2% adverse move to reach wipeout from full margin. Most pro strategies operate within this range. Traders who want 100x or 125x should use [Bybit](/exchanges) or [Binance](/exchanges). The multi-collateral structure is a real edge that most rivals lack. Perpetual futures can be margined with BTC, ETH, XRP, LTC, or BCH — not just USDT. [Kraken's linear multi-collateral contract specs](https://support.kraken.com/articles/4844359082772-linear-multi-collateral-derivatives-contract-specifications) detail the haircut schedule for each asset. For a trader holding BTC who wants futures exposure without converting to stablecoins, this removes a conversion step. It also cuts currency risk on the collateral leg. Both cross-margin and isolated-margin modes are listed per position. The order types cover market, limit, stop-market, stop-limit, and take-profit. TradingView charting is listed in the Kraken Pro interface. ## Who Kraken is for Traders who need a licensed party: Kraken's multi-region footprint covers the US, UK, Canada, Australia, and EU through licensed entities — not offshore registrations. Fund managers and pro desks whose legal teams need documented standing: Kraken is often the only viable option on this list for those accounts. Traders who hold BTC or ETH and want leveraged exposure without converting to USDT: the multi-collateral margin structure makes this direct. Traders who need 100x+ leverage, a wide altcoin list, or copy trading: [Bybit](/exchanges) with 400+ pairs and 100x leverage, or [OKX](/exchanges) at 125x and 300+ pairs, are better fits. For on-chain perps with no custody risk, [Hyperliquid](/perps/hyperliquid) is the comparison point. ## How it compares The PerpFinder team tracks daily volume across 22 CEX venues. Kraken's BTC/USDT perp volume typically runs 2-4% of Binance's on any given day. That volume gap is the core trade-off. Kraken's order book on major pairs is fine for mid-size positions under $100k notional. A $500k market order on Kraken will see more price impact than the same order on Bybit or OKX. Fee comparison for a non-VIP $10k round-trip (taker both ways): Kraken $10.00, Binance $10.00, Bybit $11.00, [Hyperliquid](/perps/hyperliquid) $9.00. At base fees, Kraken is cost-competitive with the largest exchanges. The legal reach and 15-year safety record are the indirect premium. You pay for them through thinner depth and a smaller pair list. For accounts that need a CFTC-adjacent party or a UK FCA futures venue, there is no practical option here. Run scenarios with the [cost comparison tool](/tools/cost-comparison).