does kraken pro charge fees

Kraken Pro charges fees for trading, funding, withdrawals, OTC trades, deposits, account management, and order flow services, with specific fees varying based on various factors.

Oct 25, 2024 at 11:07 pm

Does Kraken Pro Charge Fees?

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

1. Trading Fees:

• Maker Fees: Fees charged to orders that add liquidity to the order book.
• Taker Fees: Fees charged to orders that remove liquidity from the order book.
• Fees vary depending on the asset pair being traded and the amount of liquidity provided or removed.

2. Funding Fees:

• Fees charged for holding positions on borrowed funds using leverage.
• Rates vary depending on the asset being borrowed and market conditions.

3. Withdrawal Fees:

• Fees charged for withdrawing funds from the Kraken Pro platform.
• Fees are specific to each cryptocurrency and vary depending on the withdrawal method used (e.g., on-chain, off-chain).

4. OTC Fees:

• Fees charged for large, over-the-counter (OTC) trades executed outside the order book.
• Fees are typically negotiated on a case-by-case basis.

5. Deposit Fees:

• Fees charged for depositing funds to the Kraken Pro platform.
• Fees are typically free for fiat currency deposits but may apply for certain cryptocurrency deposits.

6. Other Fees:

• Account Management Fees: Monthly fees for certain account tiers that provide additional features and benefits.
• Order Flow Fees: Fees charged to institutional clients using Kraken Pro's order flow services.

Fee Structure and Details:

The specific fee structure and details vary depending on factors such as the asset, trading volume, and account status. Kraken Pro provides a detailed fee schedule on its website where users can find the exact fees applicable to their specific trading and account usage.