Does Kraken require KYC?
Yes. Kraken requires identity verification (KYC).
Checked 2026-10-27 · 3 sources- Exchange balances are held by Kraken. Its Wyoming-chartered subsidiary Kraken Financial (a Special Purpose Depository Institution) offers custody to eligible clients in certain states. Kraken Wallet is a separate self-custody app.
- Requirements can vary by country and by withdrawal or deposit limits.
- Kraken does not serve residents of New York or Maine.
Sources: Kraken Support - Where is Kraken licensed or regulated? (geographic restrictions) · Kraken Support - Changes that affected our Maine clients · Kraken Support - Why is there a withdrawal hold on my account?. The venue's own page wins if it disagrees with ours.
Kraken
Exchange · 1.6% round trip. Kraken is a US-based custodial crypto exchange run by Payward, Inc., founded in San Francisco in 2011 and open to the public since September 2013. Instant buys and sells in the Kraken app carry a 1% fee plus a spread, while the Kraken Pro order book charges 0.40% maker and 0.80% taker at the entry tier.
Full Kraken sheet: fees, custody, incidents →