Kraken Australia Review (2025)

Overview

Kraken is one of the most established crypto exchanges in the world, founded in 2011 and now serving millions of users globally. It’s known for high security, competitive fees, and professional-grade tools, making it one of the most respected names in crypto trading.

For Australians, Kraken offers full AUD support, strong regulatory compliance under AUSTRAC, and access to a wide range of coins. Whether you’re just getting started or already experienced, Kraken delivers a premium trading experience.

Security and Regulation

Security has always been Kraken’s top priority. The platform has never been hacked, which is rare in the crypto world. It uses:

• Cold storage for the majority of funds

• Two-factor authentication (2FA)

• SSL encryption

• Regular third-party security audits

Kraken is registered with AUSTRAC, ensuring it meets Australia’s strict compliance standards for anti-money laundering and counter-terrorism financing.

Supported Cryptocurrencies

Kraken supports 200+ cryptocurrencies, including all the major assets like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Cardano (ADA). There’s also a wide selection of DeFi tokens, stablecoins, and new altcoins — perfect for diversifying your portfolio.

Deposits and Withdrawals

Australian users can deposit and withdraw AUD easily through:

• PayID

• Bank transfer

Transactions are typically processed within minutes, and both deposits and withdrawals are fee-free for most local transfers.

Fees

Kraken’s fees depend on how you trade:

• Instant Buy: ~1.5% per transaction (best for beginners)

• Kraken Pro: 0.16% maker / 0.26% taker (for active traders)

• AUD deposits/withdrawals: Free

Kraken Pro offers much lower fees and advanced charts for experienced traders who want more control.

Staking and Rewards

You can earn passive income by staking your crypto on Kraken. Supported assets include Ethereum, Cardano, and Polkadot, with rewards up to 10% APY, paid out twice weekly.

Mobile App

Kraken’s mobile app is clean, fast, and user-friendly. You can buy, sell, and track your portfolio easily. There’s also a Kraken Pro app, offering more data, charts, and analytics for experienced users.

Pros and Cons

Pros:

• ✅ Extremely secure and reliable (never hacked)

• ✅ Regulated under AUSTRAC in Australia

• ✅ Competitive trading fees (especially on Kraken Pro)

• ✅ Wide range of coins and staking options

• ✅ Supports AUD deposits and withdrawals

Cons:

• ❌ Instant buy fees are higher than some competitors

• ❌ Interface may feel advanced for beginners

• ❌ Limited Australian customer support hours

Who Kraken Is Best For

Kraken is ideal for:

• Serious investors who value security and professional tools

• Australians who want access to a trusted global exchange

• Stakers and long-term holders looking to earn passive rewards

Beginners may prefer simpler local platforms like Swyftx or CoinSpot, but Kraken’s security and reputation make it an excellent choice for anyone serious about crypto.

What You Can Earn

Earn AUD$50 worth of Bitcoin with Kraken!

How to Get Rewarded

1. Click here to go to Kraken’s signup page.

2. If you’re on a computer, you’ll be prompted to download the mobile app.

3. Enter referral code zydjctf9 when signing up.

4. Deposit a minimum of AUD$200 into your account.

5. Trade AUD$200 within your first 30 days.

6. You’ll receive your AUD$50 Bitcoin bonus within 14 days.

💡 This is one of the biggest crypto signup bonuses in Australia, perfect for kickstarting your investment journey.

Customer Support

Kraken offers support through live chat, email, and an extensive Help Centre. Their team is knowledgeable, though response times can vary during busy trading periods. The Help Centre covers most questions, from security to deposits.

Final Verdict

Kraken Australia is one of the most secure and reliable exchanges in the world. Its low fees, strong regulation, and excellent reputation make it a great choice for Australians wanting a long-term crypto platform.

With a $50 Bitcoin bonus for new users, Kraken offers real value to both new and experienced traders. If you’re serious about crypto, Kraken is one of the best platforms to trust your investments with.

Final Rating: 4.5/5 ⭐⭐⭐⭐½
Reliable, secure, and rewarding for Australian traders.

Head to Kraken here to taken advantage of our referral code.