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Kraken Reviews 

9,367
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TrustScore 3 out of 5

3.2

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Rated 3 out of 5 stars

not great. I was using them years ago - was working well, then started being very slow in answering any support questions and i changed the platform. Tried to use again recently (in 2026) - again a p... See more

Company replied

Rated 4 out of 5 stars

The functionality is comprehensive. The menus are good enough. I did have to ask AI to find some methods and steps since the pro and not-pro setting had me comparing trading steps and limitations or a... See more

Company replied

Rated 4 out of 5 stars

Easy to use send and deposit functions on crypto. Easy to transfer funds from/to my bank. 1. On the Mobile app the swap/conversion process needs to be streamlined. From a trade button show a s... See more

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Rated 1 out of 5 stars

A new clean verified account with my first deposit got restricted and my 20k deposit is on hold for over 10 days while I have 0 help or resolution or even an explanation from support. Ticket #23053154... See more

Company replied

Company details

  1. Cryptocurrency Service
  2. also in
  3. Asset Manager Service
  4. Investment Service

Written by the company

Kraken is a suite of powerful financial tools to help you grow and manage your money. Invest, trade, and earn with crypto, stocks, ETFs, and futures from a company founded in 2011. Kraken by Payward.


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3.2

Average

TrustScore 3 out of 5

9K reviews

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3.2

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(9,367)

6,005 reviews in the last 12 months

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referral

Rated 3 out of 5 stars

Beware

Works alright opened to get more options for crypto then robin hood offered. The referral program at the time was sweet so i transfer my assets from robin-hood and had 3 people use my code and deposited the specified amount. Shoulda have been that easy to reap the rewards……. You would think but i got nothing from my referrals and my references got nothing either felt like a scam. Contacted support on the matter and bot even a reply. So keep this in mind as it might happen to you. FYI my referrals are roommate's so ik they followed the requirement's needed for rewards.

January 12, 2025
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Reply from Kraken

Thanks for sharing your experience. We understand how frustrating that must have felt, especially when you and your referrals expected rewards. Referral promos depend on several conditions like eligibility, timing, and completion of all required steps, and if any part is missed, rewards are not issued automatically.

If you are still open to it, contacting support with the referral details allows the team to review what happened and explain the outcome. We appreciate you taking the time to leave feedback.

Rated 4 out of 5 stars

Transactions are easy!

It has been easy to make transactions.
I find the dashboard is easy to make decisions, look at past transactions, all the information on each investment is easy to find.

I would love it if communication would be with an actual person.
Especially, if the agent to discuss information with is from the United States.
I will give 4 stars based on this.

5 stars if customer service was an actual person.

Had an issue with a referral bonus not paid when my son signed up in October. The AI agent did not help with the issue.

January 11, 2026
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Reply from Kraken

Hi Brandon 👋

Thank you for taking the time to share such thoughtful feedback! We’re glad to hear that you find transactions easy and that the dashboard helps you make informed decisions and review your activity with ease.

We also appreciate your honest comments about customer support. Your feedback about speaking with a real person and your experience with the referral bonus is valuable, and we’ll be sure to pass it along to the appropriate teams.

If you’d like us to take another look at the referral issue or need assistance with anything else, you can always reach out to our support team through our official channels here 👉 https://support.kraken.com/articles/201351886-

🐙

Rated 5 out of 5 stars

Began my crypto journey about 1 year…

Began my crypto journey about 1 year ago.. I started off opening an account with CoinBase.. I was getting my father into this space and tried signing him up using the referral bonus.. But initially he used his middle name (which he goes by) instead of his first name.. After many back and forth emails they still refused to issue the sign up bonuses because of this technicality.. So I wasn't inspired to stay there.. Found Kraken and we gave them a try.. So while making crypto purchases to qualify for Kraken referral bonus my father used a payment method that for whatever reason wasn't one of the 3 payment methods that it stated to use for the signup bonuses.. It took a while with lots of correspondence between me and Kraken representatives but they a actually went ahead and issued our bonus $.. That meant a lot to me.. A company understanding our technical fault but valuing its customer.. To say the least, i am an absolute loyal patron of Kraken.. Sometimes first impressions truely do matter.. I continue to grow my portfolio with Kraken and figure i will for a very long time barring any major unresolved issues..

February 9, 2025
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Reply from Kraken

Hi Brandon 👋

Thank you so much for sharing this story and for the 5-star review.

It really means a lot that you trusted Kraken after a disappointing experience elsewhere especially when you were helping your father start his own crypto journey. Referrals and welcome bonuses should feel rewarding, not frustrating, so we’re glad our team was able to review your case carefully and honor the bonus despite the technical hiccups with the payment method.

We’re honored to be your long-term crypto home and we’ll keep working hard to make sure those first good impressions continue to be backed up by great service and support over time.

🐙

Rated 1 out of 5 stars

Scam victim

I installed the app due to a referral a friend sent me. Kraken was announcing that they’d give you 100€ in Bitcoin if you joined, provided all the personal data they asked for and deposited 200€. The next day they decided to change the referrals campaign where I needed to invest 10000€ to receive 160€.
To me this is scam and baiting people into creating accounts.
Just took my money out and on top they charged 1€ to take it out.
Do not recommend this app and vendor since they can decide to change whatever they want to whatever is best to them without caring about client.
Provided me zero trust and I’m spreading the word to everyone to never install this app.

January 6, 2026
Unprompted review
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Reply from Kraken

Hello Pdro, appreciate you for sharing your perspective. Referral campaigns can change over time, and each version comes with its own set of published terms and requirements. Only referrals that meet the specific criteria in place at the time of participation are eligible for rewards.

We understand how frustrating it can feel when expectations don’t match the promotional terms, and your feedback is important. If you’d like our team to review your referral activity to confirm exactly which campaign applied to your account, you’re welcome to reach out through our support platform or social channels with your Public Account ID or ticket number. We'll gladly have a closer look.

Kraken Support 🐙

Rated 3 out of 5 stars

It’s cool, but it could be better

I was hoping Kraken would help do my trading for me a little bit more, but I guess you don’t. And when you guys were doing the holiday giveaway thing there was way too many times that I didn’t win anything at all and the only prizes were like $.50 of some kind of crypto or $.25 of some kind of crypto really wasn’t enticing. Also sending my friendsbitcoin to get them to enroll and then only allowing them to receive the bitcoin once they have deposited and traded $300. That was a turn off too. Also, the referral a friend of $75 or something whatever it is, but they have to deposit a certain amount and trade a certain amount. That’s disappointing too because I could probably refer a bunch of people but your regulations on what they have to do after they have referral is a little too much if you ask me. Like why can’t you just give somebody something if they just at least make a account both sides give the person who refers them and give the person who is opening the account a little something all the loop holes you have them jumping through is just too much and it’s a turn off to people who are new to all this or might not have the money to spend as much as you’re asking. Do you not realize that the economy right now and how broke people are normal every day people are barely getting by they don’t have $300 to open up an account and start training with sometimes they only have 50 or 100 so you guys need to change your rules a little bit in my opinion.

December 25, 2025
Unprompted review
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Reply from Kraken

Hi Joshua👋

Thanks so much for taking the time to leave this review and share your thoughts.

We’re sorry that some parts of your experience have been disappointing, especially around promotions, giveaways, and referrals.

Trading help: We don’t trade on behalf of clients or run trades automatically, but we know more guidance and tools would be helpful, and we’re sharing this with our product team.

Giveaways and small prizes: We understand that very small rewards and not winning often can feel frustrating and not worth the effort. Your feedback makes it clear these promos could be more appealing.

Referral and deposit requirements: You’re right that needing to deposit and trade a higher amount can be a barrier, especially in the current economy. These rules are there to prevent abuse, but we understand they can feel like too many hoops and may turn people off who don’t have $300 to start.

We really appreciate you highlighting how this feels from a real customer’s perspective. Your comments are being passed to the teams that design our promotions and referral programs so they can review the thresholds and requirements.

If you’d like us to check anything specific on your account or a particular promo, you can reach our support team here: https://support.kraken.com/articles/201351886-

🐙

Rated 3 out of 5 stars

I like kraken but y'all screwed me out…

I like kraken but y'all screwed me out of a referral bonus with some bullshit excuse so boooooo

October 1, 2025
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Reply from Kraken

Hi Jason 👋

Thanks for sharing your feedback. We’re sorry to hear about the frustration around the referral bonus and understand why that was disappointing.

Referral rewards depend on specific terms and eligibility requirements, and we’d like the chance to review what happened and clarify it for you. If you’re open to it, please reach out to our support team so we can take a closer look and help explain the details 👉 https://support.kraken.com/articles/201351886-

🐙

Rated 1 out of 5 stars

Representatives are uneducated on the…

Representatives are uneducated on the TOS, consistently told me the wrong information about a referral bonus.

December 27, 2025
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Reply from Kraken

Hi Cory 👋

We’re sorry to hear about your experience and appreciate you bringing this to our attention. Providing accurate information about our programs and Terms of Service is very important to us, and we apologize if this wasn’t your experience.

Please reach out to us through our official Kraken Support team using the link below so we can review what happened and look into the referral bonus issue for you:
👉 https://support.kraken.com/articles/201351886-

We’d like the opportunity to check this further and help clarify things for you.

🐙

Rated 1 out of 5 stars

Referral program SCAM

Start with an offer of 100€ if you deposit 200€.
In 2 days the same offer, passed from 100€ confirmed to 0... and with other challanges to win something like trading till 10000€...

December 22, 2025
Unprompted review
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Reply from Kraken

Thanks for sharing your thoughts, Pedro. We appreciate you taking the time to leave feedback. Our team works hard to create engaging referral programs for our clients, and these offers can change over time. We understand how that can be confusing and appreciate you sharing your perspective. We’re always looking for ways to improve the experience 🐙

Rated 5 out of 5 stars

This is the easiest platform I have…

This is the easiest platform I have used out of 8 total. Some of the perks are pretty nice too, especially the referral bonus.

December 20, 2025
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Reply from Kraken

Love to hear it!! We’re glad to hear Kraken has been the easiest platform for you , and that you’re enjoying the perks as well. We really appreciate the support. Thanks for sharing, Martin 🥂

Kraken 🐙

Rated 3 out of 5 stars

The site fairly easy to use so far but…

The site fairly easy to use so far but I do have a couple of issues. I've only downloaded, purchased and sent a couple of referrals so far. I AM a little disappointed that I haven't received my referral payments, nor have the people I referred by sending them the link...Joan Kennedy and Deborah Chadwick. They haven't gotten their credit yet either. The referrals were sent weeks-a month ago. Also, I was getting some wins on the daily spin but over the past week I haven't won anything. Maybe you can tell me when we can expect a credit to show up for the referrals. Thanks.

December 17, 2025
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Reply from Kraken

Sure thing and understand why the question

Best play here is to contact us via our socials, we'll get this looked into fast with answers and clarity 🤝

However you prefer
https://support.kraken.com/articles/201351886-how-to-follow-kraken-on-social-media

Rated 1 out of 5 stars

Kraken sends "Bonus Confirmed" emails then refuses to pay.

I invited 2 friends. They completed steps. Kraken sent me an official email saying '€50 BTC is on the way'. Then support cancelled the bonus saying 'Referral program is not guaranteed'. Do not trust their confirmation emails, they are fake.

December 17, 2025
Unprompted review
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Reply from Kraken

Hear that 100% Matteo.

Referrals can be voided if a violation of terms were found, but if you think this is a mistake we'd be happy to review 🙂

Fastest way is any social DM
https://support.kraken.com/articles/201351886-how-to-follow-kraken-on-social-media

Rated 4 out of 5 stars

I am new to all crypto but I shared…

I am new to all crypto but I shared info with two friends before I knew about referral program and they both now have active accounts with y’all but didn’t know either…
It’d be cool for customer service to review this… I can provide their names if requested and their account activation dates would substantiate this note…
Thanks for listing (if anyone reads this)

December 15, 2025
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Reply from Kraken

Hello there, thanks for bringing this to our attention. Please have your friends reached out to us via our official social channels or support platform. We'll be happy to further review and get this sorted

Kraken Support 🐙

Rated 5 out of 5 stars

Easy to use

Easy to use and affordable. Great referral program and incentives.

December 8, 2025
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Reply from Kraken

Hello, we really appreciate your feedback and are happy to hear you enjoy our referral and incentive programs 🙏 🌟

Kraken Support 🐙

Rated 5 out of 5 stars

It is an app that has one of the best…

It is an app that has one of the best referral and reward systems at least right now. No bs really cool

December 8, 2025
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Reply from Kraken

Hello there, thanks so much for your review. We're happy to hear you’re enjoying the referral and reward systems, and really appreciate being part of your crypto journey 🌟

Kraken Support 🐙

Rated 3 out of 5 stars

The app is easy to navigate

The app is easy to navigate, the only problem I have is that I sent the share link to my daughter who created an account and spent (as far as I know) the correct amount to qualify for the referral bonus program although we never received the reward.

July 14, 2025
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Reply from Kraken

Uh oh Sheila ya let's get this squared up eh?

Either of you on socials? DM's open and fastest way 🙂

https://support.kraken.com/articles/201351886-how-to-follow-kraken-on-social-media

Rated 1 out of 5 stars

Kraken still refuses to pay the bonus

Kraken still refuses to pay the referral bonus.

Over the past few months, I have been in contact with official support, the complaints team (represented by 'Athena'), and even the Twitter support team (represented by 'Robson'). The conclusion from all departments is the same: they hide behind a supposed 'system error' and refuse to pay the bonus, despite my evidence of previous successful referrals.

This entire experience has shown me that Kraken does not take responsibility for its own mistakes. The company is willing to lose and deceive a loyal customer rather than pay a small amount for an error that is clearly on their end.

The service is unreliable, unhelpful, and dishonest. The complaint is now definitively closed. I strongly advise everyone against using Kraken's referral program, or doing business with a company that treats its customers this way.

August 17, 2025
Unprompted review
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Reply from Kraken

Hi,
We understand this matter has been frustrating and appreciate the time you've taken to communicate your perspective. After a thorough review, we must respectfully maintain our original position on this case.

As previously communicated, we were unable to verify referral attribution through our systems, and as such, the referral bonus could not be applied.

Kraken 🐙

Rated 1 out of 5 stars

Final Update: Customer Abandoned by Kraken After Months of Unhelpful Support

This is the final update regarding my complaint, after having tried every possible channel. Kraken still refuses to pay the referral bonus.

Over the past few months, I have been in contact with official support, the complaints team (represented by 'Athena'), and even the Twitter support team (represented by 'Robson'). The conclusion from all departments is the same: they hide behind a supposed 'system error' and refuse to pay the bonus, despite my evidence of previous successful referrals.

This entire experience has shown me that Kraken does not take responsibility for its own mistakes. The company is willing to lose and deceive a loyal customer rather than pay a small amount for an error that is clearly on their end.

The service is unreliable, unhelpful, and dishonest. The complaint is now definitively closed. I strongly advise everyone against using Kraken's referral program or doing business with a company that treats its customers this way.

July 20, 2025
Unprompted review
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Reply from Kraken

Hi Ulft,
As we replied in a previous review of yours, if a referral code or link isn't applied correctly during account creation, we unfortunately can't honor your referral bonus.
Kraken reserves the right to limit, modify, or terminate the referral program at any time, for any reason, and without notice. You can read more about our referral program terms here: https://www.kraken.com/en-ca/referrals
We wish you the best of luck on your crypto adventure.

Kraken Support 🐙

Rated 1 out of 5 stars

Referral bonus not paid

I referred people to sign up under the trade AUD200 get AUD100 bonus each. It has now passed 14 days and no sign of mine or my referees $100 as promised by Kraken. Seems like an dodgy way of getting new accounts without needing to pay out.

May 29, 2025
Unprompted review
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Reply from Kraken

Hi, thanks for taking the time to share your experience.

Could you please add your Public Account ID or ticket number to your review, so our team can investigate?

We also recommend reading the Terms and Conditions of our referral program to ensure you meet the eligibility criteria: https://www.kraken.com/referrals

- Kraken

Rated 1 out of 5 stars

They lie about referral payouts.

They lie about referral payouts.
Roped in people, quoted the referral scheme as an AUD bonus, then turned around to claimed it doesn't apply to Australia. Makes no sense at all. Lots of people lost money from this. Bunch of scammers.

June 12, 2025
Unprompted review
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Reply from Kraken

Hi Jacob,
The Kraken Referral Program is available only in the United States (excluding Maine, Washington and New York), Canada, Netherlands, France, Spain, Poland, Italy, Belgium, and Ireland as stated on our site: https://www.kraken.com/en-ca/referrals

Kraken Support 🐙

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