Kraken
Security-First Exchange Since 2011
Excellent
Summary
Kraken is one of the oldest and most secure crypto exchanges operating today. With proof of reserves and a spotless security record, it is an excellent choice for security-conscious ETC holders.
Pros
- Excellent security track record since 2011
- Never been hacked
- Proof of reserves (on-chain verification)
- Good regulatory standing
- Competitive fees
- 24/7 live chat support
Cons
- Interface less intuitive than Coinbase
- Limited payment methods in some regions
- Lower liquidity than Binance
- Wire transfers only for large fiat deposits
Full Review
Founded in 2011, Kraken has never suffered a security breach - a remarkable achievement in the crypto industry. This track record, combined with proof of reserves, makes it a top choice for security-focused traders.
Security Philosophy Kraken pioneered proof of reserves in the crypto industry, allowing users to cryptographically verify that the exchange holds their funds. 95% of funds are kept in air-gapped cold storage across multiple geographic locations.
Trading Platform Kraken Pro offers a professional trading interface with advanced charting, multiple order types, and margin trading. The standard platform is simpler but still feature-rich compared to competitors.
ETC Markets Primary pairs include ETC/USD, ETC/EUR, and ETC/BTC. Liquidity is solid for retail trades, though very large orders may need to use the OTC desk for best execution.
Fee Structure Maker/taker fee model starting at 0.16%/0.26% for low-volume traders, scaling down to 0%/0.1% for high-volume users. Competitive but not the absolute lowest available.
Verification Levels Kraken uses tiered verification - basic verification for crypto deposits/withdrawals, full verification for fiat. The process is thorough but straightforward.
Support 24/7 live chat support is a standout feature. Response times are generally quick, and support staff are knowledgeable about technical issues.
ETC Support Details
Trading Pairs
Deposit Methods
Withdrawal Fee
0.005 ETC
ETC Features
Rating Breakdown
Quick Facts
- Type
- CEX
- Trading Fee
- 0.16% - 0.26%
- Withdrawal Fee
- 0.005 ETC
- KYC Required
- Yes
- Regions
- US, UK, EU, Global