does kraken charge fees

Kraken charges a range of fees for services such as trading, withdrawals, and margin trading, with varying rates depending on factors like transaction type and trading volume.

Oct 25, 2024 at 06:21 am

Does Kraken Charge Fees?

Yes, Kraken charges fees for various transactions on its platform. Here is a detailed breakdown of the different fee structures:

1. Funding Fees

• ACH (USD): Free
• Wire Transfer (USD): $5
• SEPA Transfer (EUR): Free
• FX (EUR/USD): 0.25%
• Cryptocurrency Deposits: Free for most cryptocurrencies, with exceptions for some networks (e.g., Ethereum: $25 minimum fee)

2. Trading Fees

• Maker Fee: 0.02% to 0.16% (based on 30-day trading volume)
• Taker Fee: 0.2% to 0.26% (based on 30-day trading volume)
• Volume Discounts: Available for higher trading volumes, reducing fees up to 0.01%

3. Withdrawal Fees

• ACH Withdrawals (USD): Free for the first $30,000 per month, $0.0025 per $1 thereafter
• Wire Transfer Withdrawals (USD): Varies ($5 to $100, depending on destination)
• SEPA Transfer Withdrawals (EUR): €0.09
• Cryptocurrency Withdrawals: Fees vary depending on the cryptocurrency and blockchain network (e.g., Bitcoin: 0.00002 BTC)

4. Margin Trading Fees

• Maker Fee: 0.01% to 0.03%
• Taker Fee: 0.02% to 0.05%
• Interest Rates: Vary based on borrow amount and duration

5. Staking Fees

• Staking Rewards: Kraken charges a 15% commission on staking rewards for certain cryptocurrencies (e.g., Tezos, Cosmos)

6. Other Fees

• Account Maintenance Fee: $0 for accounts with less than $100,000, $5 per month for accounts with balances of $100,000 or more
• Inactive Account Fee: $2 per month for accounts that have been inactive for more than a year
• Dormant Account Fee: $50 per month for accounts that have been dormant for more than 3 months

It is important to note that these fees are subject to change. Kraken recommends consulting their website for the most up-to-date fee schedule.