does kraken have fees

Kraken charges varying fees for transactions, including trading at 0.16% to 0.50%, crypto withdrawals, margin trading with interest rates based on market conditions, futures trading at 0.02% to 0.10%, OTC desk fees negotiated individually, and an account management fee of $0.00002 per $1 for balances over $100,000.

Oct 26, 2024 at 03:04 pm

Does Kraken Have Fees?

Yes, Kraken charges fees for various transactions on its platform. These fees include:

1. Trading Fees

• Maker: 0.16% to 0.26% (depending on volume)
• Taker: 0.26% to 0.50% (depending on volume)

2. Funding Fees

• Bank Wire Transfer (USD): $5 (SEPA: €0)
• Crypto Deposit: Free
• Crypto Withdrawal: Varies depending on the cryptocurrency being withdrawn

3. Margin Trading Fees

• Interest Rate: Varies based on cryptocurrency asset and market conditions
• Open/Close Margin Position: 0.02% trading fee (minimum 0.00001 BTC)

4. Futures Trading Fees

• Maker: 0.02% to 0.04% (depending on volume)
• Taker: 0.06% to 0.10% (depending on volume)

5. OTC Desk Fees

• Negotiated fees

6. Other Fees

• Kraken Card Fee: 1.75%
• Account Management Fee: $0 up to $100,000 balance; $0.00002 for every additional $1 (minimum $0.01)

Note: These fees are subject to change and may vary based on market conditions and individual account settings. It is recommended to refer to Kraken's official website for the most up-to-date fee information.