Kraken  is one of the oldest U.S. crypto exchanges, founded in 2011 during crypto’s Paleolithic era. This platform offers a solid range of coins with very competitive trading fees. It’s also one of the few exchanges in the U.S. to offer margin trading and a suite of other advanced trading tools like advanced order types and futures trading.

This exchange offers two trading platforms: Kraken and Kraken Pro. The basic Kraken platform with “Instant Buy” doesn’t offer the cheapest fees, although advanced users can get volume discounts and lower their costs by trading on Kraken Pro.

Pros:

• Sophisticated features available on Kraken Pro, like margin trading and staking.
• Good customer service options, including a chatbot and phone support.
• Relatively low Bitcoin (BTC) withdrawal fees.
• Publishes a wide range of educational material on cryptocurrency.

Cons:

• Not available in all 50 states.
• Kraken only accepts a select few fiat currencies.