Kraken is one of the longest running major cryptocurrency exchanges, founded in 2011 in the US. It has a reputation for security focus and has survived multiple market cycles. In Australia, Kraken operates through a local subsidiary (Bit Trade Pty Ltd) that is registered as a Digital Currency Exchange Provider with AUSTRAC. They were one of the early successful crypto platforms in the country before the acquisition.
The platform offers spot trading, futures (with regional availability), earn products, staking, and both a consumer app and the more advanced Kraken Pro interface. AUD deposits and withdrawals are supported.
Main Products and Features
Spot Trading
Wide range of cryptocurrencies with maker/taker fee structure starting at 0.25%/0.40% for the lowest tier and improving with 30 day volume.
Kraken Pro
Advanced trading interface with more charting, order types, and lower fees for active users.
Futures and Derivatives
Perpetual futures with leverage. Availability and limits can be restricted for Australian users.
Earn and Staking
Various products for earning yield on holdings, including flexible and locked options on supported assets.
Kraken+
Optional subscription (around $4.99/month or local equivalent) that gives 0% trading fees up to a monthly volume allowance (spread and payment processing fees still apply) plus other perks.
Referrals and Rewards
Periodic campaigns where new users signing up via invite links or codes (such as thppsbdk) and meeting verification + deposit + trade minimums may receive a variable BTC bonus up to a headline amount (often up to $350 or A$350 equivalent in promos).
Fees
Standard maker/taker fees start at 0.25%/0.40% and decrease with volume. Instant buy/sell via the app or widget can have additional costs. Kraken+ removes the trading fee component up to the cap. Withdrawal fees vary by asset and method. Card and some payment options carry extra fees (e.g. 3.75% + fixed for certain methods).
Australia Specific Notes
Local entity provides AUSTRAC registration. AUD bank transfers are supported. Some global features (certain high leverage products, specific payment methods) may be limited or unavailable. Always check the current Australia FAQ and feature availability for your account.
Current Referral Offer
Eligible new users who sign up through an invite link or with code thppsbdk, complete verification, deposit fiat, and trade a minimum amount (often equivalent of around $200 local) within 30 days may receive a variable amount of BTC up to the campaign maximum. Both referrer and referee can benefit in some structures. Terms, amounts, and eligibility change.
Claim the Kraken offer - Use code thppsbdk or the invite link. Terms apply; offer subject to change.
Disclaimer
Information is general in nature and current as of 2026 - always check Kraken's official website for the latest fees, features, Australia specific availability and terms. Coupon CEO may earn a commission on qualifying referrals at no extra cost to you. Cryptocurrency is volatile; you may lose money. The referral bonus is for eligible new customers only. Not financial advice.
FAQ
Is Kraken legit?
One of the oldest major exchanges (2011), with a local Australian registered entity. Strong historical focus on security and compliance. All platforms carry risk.
What are Kraken fees?
Maker/taker from 0.25%/0.40% improving with volume. Kraken+ subscription for 0% trading fees up to a monthly cap. Card and instant methods have extra costs. Check the current schedule.
Can I deposit AUD easily?
Yes. Bank transfers are supported. App payment options (including Apple/Google Pay in some cases) are available with applicable fees.
Is the up to $350 bonus still running?
Offers change. Eligible new users may receive a variable BTC amount after meeting verification, deposit, and trading minimums within the window (often 30 days). Confirm current terms.
Does Kraken have futures for Australians?
Availability is more restricted than in some other regions. Check the app for what is currently offered to your account.
What is Kraken+?
Paid subscription that removes trading fees up to a volume limit each month and adds other perks. Spreads and some other fees still apply.
How does support work for Australian users?
The local entity helps with compliance. Support is available via ticket and other channels. Response times vary.
Want the current bonus? Claim the Kraken offer - Sign up with the invite link or code thppsbdk if you're new and eligible. Complete the steps within the timeframe. Terms apply.
