Kraken
Centralized exchangeA long-running exchange licensed under MiCA, by the FCA, FinCEN and AUSTRAC, with no major hack of client funds.
- Spot fee
- 0.4% / 0.8%
- Stablecoin and FX pairs 0.20%
- Coins with a halal verdict
- 0
- of those listed here
- Available in
- 18 of 20
- countries we track
- Checked
- Sep 27, 2026
Reliability
7.4/ 10
Quarterly proof of reserves, wide licences and no major hack of client funds.
Score updated
- Proof of reserves8.0
- Licences9.5
- Incident history8.0
- Segregation of funds6.0
- Insurance fund2.0
- Security practices8.0
Liberandum halal verdict
Suitable with care
Spot trading is fine with care; avoid margin, futures and rewards programmes, and check each coin.
Use
- Spot trading, coin by coin
Avoid
- Margin, futures, derivatives
- Earn, rewards, DeFi Earn
More details
Kraken is a long-running, widely licensed exchange with quarterly proof of reserves and no major hack of client funds. Spot trading with full settlement is available, but Kraken offers no Shariah-certified product and does not screen coins, so a Muslim user must stay in spot, avoid margin, futures and rewards programmes, and check each coin separately. Spot purchases on Kraken settle immediately into the user's account, which meets the requirement of immediate exchange (qabd) for currency-like assets under AAOIFI Shariah Standard 1 and Standard 20. Margin trading, futures and other derivatives (Kraken Derivatives, Crypto Facilities), and leveraged positions do not meet these conditions: they involve interest-bearing borrowing or deferred settlement of both counter-values, and should be avoided. Opt-In Rewards, staking rewards on fiat or stablecoins and DeFi Earn pay a return that is not tied to a clearly halal activity or is structured like interest on a deposit; they are not reviewed by any Shariah board and should be avoided unless a specific structure is checked separately. Kraken has no Islamic account and no Shariah-certified earn product, and its listing review is not a Shariah screen, so each coin must be checked on Liberandum before buying. Reliability is high (7.4/10). As of September 2026 Kraken publishes proof of reserves quarterly with an independent accountant (latest snapshot 30 June 2026, main assets 100.5 % to over 105 % covered). It holds MiCA authorisation from the Central Bank of Ireland (June 2025), FCA registration in the UK, a FinCEN MSB registration in the US, AUSTRAC registration in Australia, a Bermuda BMA licence and, since 21 May 2026, preliminary VARA approval in Dubai. No hack of client funds has been reported in the last five years; past regulatory matters were an OFAC sanctions settlement (USD 362,158.70, November 2022) and an SEC staking settlement (USD 30 million, February 2023). No dedicated user-protection fund is disclosed. Availability: Kraken serves most Muslim-majority countries through its global entities without local licences; it does not serve Iraq, Afghanistan, Iran, Libya, Sudan or Syria. In the UAE, Kraken suspended AED support in February 2023 and says AED funding will be offered by its VARA-licensed entity; as of September 2026 the licence is at the preliminary-approval stage.
How to use Kraken the halal way
What is allowed and what to avoid on this exchange
- Allowed
Spot
Settles immediately, market or limit
- Allowed
Convert
Instant swap, settles like spot
- Avoid
Staking
Rewards not Shariah-reviewed
- Avoid
Savings and Earn
DeFi Earn, rewards treated as riba
- Avoid
Margin
Trading with borrowed money
- Avoid
Futures and options
Futures, Kraken Derivatives avoided
- Avoid
Loans
Lending features treated as riba
- Avoid
Structured products
Fixed return, not certified
No dedicated halal product
Kraken offers no Islamic (swap-free) account and no Shariah-certified earn or staking product as of September 2026. Its rewards programmes (Opt-In Rewards, staking, DeFi Earn) are not reviewed by a Shariah board.
No token screening
Kraken does not screen listed coins for Shariah compliance. Its asset restrictions by region follow regulatory requirements, not Islamic criteria, so each coin must be checked separately.
Step by step
How to trade halal on Kraken
Create an account and pass verification
Sign up on kraken.com or in the Kraken app and complete identity verification (ID and selfie). Enable two-factor authentication or a passkey in Security settings.
Deposit fiat without switching on rewards
Use Deposit to add funds by bank transfer where supported for your country. Keep cash and stablecoin balances out of Opt-In Rewards, staking and DeFi Earn, which pay returns that are not Shariah-reviewed.
Check each coin on Liberandum first
Kraken does not screen coins for Shariah compliance. Before buying, open the coin's page on Liberandum and confirm its halal status.
Buy with spot orders only
Buy in the Kraken app or on Kraken Pro with a spot market or limit order, which settles immediately. Do not enable margin, and do not use Futures, Kraken Derivatives or any leveraged product.
Avoid rewards and lending features
Leave Earn, Opt-In Rewards and DeFi Earn switched off unless a specific structure has been reviewed and found acceptable. Fixed returns on deposits are treated as riba.
Withdraw to self-custody
For long-term holding, use Withdraw to send coins to a wallet you control, such as a hardware wallet, and check the network fee before confirming.
Availability
Where Kraken serves users and under which licence
Your country:Choose your country
- Bahrain
- Bangladesh
- Egypt
- European Union
- Indonesia
- Jordan
- Kazakhstan
- Kuwait
- Malaysia
- Morocco
- Nigeria
- Oman
- Pakistan
- Qatar
- Saudi Arabia
- Türkiye
- United Arab Emirates
- United Kingdom
- United States
- Uzbekistan
- Afghanistanno data
- Åland Islandsno data
- Albaniano data
- Algeriano data
- American Samoano data
- Andorrano data
- Angolano data
- Anguillano data
- Antarcticano data
- Antigua & Barbudano data
- Argentinano data
- Armeniano data
- Arubano data
- Australiano data
- Austriano data
- Azerbaijanno data
- Bahamasno data
- Barbadosno data
- Belarusno data
- Belgiumno data
- Belizeno data
- Beninno data
- Bermudano data
- Bhutanno data
- Boliviano data
- Bosnia & Herzegovinano data
- Botswanano data
- Bouvet Islandno data
- Brazilno data
- British Indian Ocean Territoryno data
- British Virgin Islandsno data
- Bruneino data
- Bulgariano data
- Burkina Fasono data
- Burundino data
- Cambodiano data
- Cameroonno data
- Canadano data
- Cape Verdeno data
- Caribbean Netherlandsno data
- Cayman Islandsno data
- Central African Republicno data
- Chadno data
- Chileno data
- Chinano data
- Christmas Islandno data
- Cocos (Keeling) Islandsno data
- Colombiano data
- Comorosno data
- Congo - Brazzavilleno data
- Congo - Kinshasano data
- Cook Islandsno data
- Costa Ricano data
- Côte d’Ivoireno data
- Croatiano data
- Cubano data
- Curaçaono data
- Cyprusno data
- Czechiano data
- Denmarkno data
- Djiboutino data
- Dominicano data
- Dominican Republicno data
- Ecuadorno data
- El Salvadorno data
- Equatorial Guineano data
- Eritreano data
- Estoniano data
- Eswatinino data
- Ethiopiano data
- Falkland Islands (Islas Malvinas)no data
- Faroe Islandsno data
- Fijino data
- Finlandno data
- Franceno data
- French Guianano data
- French Polynesiano data
- French Southern Territoriesno data
- Gabonno data
- Gambiano data
- Georgiano data
- Germanyno data
- Ghanano data
- Gibraltarno data
- Greeceno data
- Greenlandno data
- Grenadano data
- Guadeloupeno data
- Guamno data
- Guatemalano data
- Guernseyno data
- Guineano data
- Guinea-Bissauno data
- Guyanano data
- Haitino data
- Heard & McDonald Islandsno data
- Hondurasno data
- Hong Kongno data
- Hungaryno data
- Icelandno data
- Indiano data
- Iranno data
- Iraqno data
- Irelandno data
- Isle of Manno data
- Israelno data
- Italyno data
- Jamaicano data
- Japanno data
- Jerseyno data
- Kenyano data
- Kiribatino data
- Kyrgyzstanno data
- Laosno data
- Latviano data
- Lebanonno data
- Lesothono data
- Liberiano data
- Libyano data
- Liechtensteinno data
- Lithuaniano data
- Luxembourgno data
- Macaono data
- Madagascarno data
- Malawino data
- Maldivesno data
- Malino data
- Maltano data
- Marshall Islandsno data
- Martiniqueno data
- Mauritaniano data
- Mauritiusno data
- Mayotteno data
- Mexicono data
- Micronesiano data
- Moldovano data
- Monacono data
- Mongoliano data
- Montenegrono data
- Montserratno data
- Mozambiqueno data
- Myanmar (Burma)no data
- Namibiano data
- Nauruno data
- Nepalno data
- Netherlandsno data
- New Caledoniano data
- New Zealandno data
- Nicaraguano data
- Nigerno data
- Niueno data
- Norfolk Islandno data
- North Koreano data
- North Macedoniano data
- Northern Mariana Islandsno data
- Norwayno data
- Palauno data
- Palestineno data
- Panamano data
- Papua New Guineano data
- Paraguayno data
- Peruno data
- Philippinesno data
- Pitcairn Islandsno data
- Polandno data
- Portugalno data
- Puerto Ricono data
- Réunionno data
- Romaniano data
- Russiano data
- Rwandano data
- Samoano data
- San Marinono data
- São Tomé & Príncipeno data
- Senegalno data
- Serbiano data
- Seychellesno data
- Sierra Leoneno data
- Singaporeno data
- Sint Maartenno data
- Slovakiano data
- Sloveniano data
- Solomon Islandsno data
- Somaliano data
- South Africano data
- South Georgia & South Sandwich Islandsno data
- South Koreano data
- South Sudanno data
- Spainno data
- Sri Lankano data
- St. Barthélemyno data
- St. Helenano data
- St. Kitts & Nevisno data
- St. Luciano data
- St. Martinno data
- St. Pierre & Miquelonno data
- St. Vincent & Grenadinesno data
- Sudanno data
- Surinameno data
- Svalbard & Jan Mayenno data
- Swedenno data
- Switzerlandno data
- Syriano data
- Taiwanno data
- Tajikistanno data
- Tanzaniano data
- Thailandno data
- Timor-Lesteno data
- Togono data
- Tokelauno data
- Tongano data
- Trinidad & Tobagono data
- Tunisiano data
- Turkmenistanno data
- Turks & Caicos Islandsno data
- Tuvaluno data
- U.S. Outlying Islandsno data
- U.S. Virgin Islandsno data
- Ugandano data
- Ukraineno data
- Uruguayno data
- Vanuatuno data
- Vatican Cityno data
- Venezuelano data
- Vietnamno data
- Wallis & Futunano data
- Western Saharano data
- Yemenno data
- Zambiano data
- Zimbabweno data
- Country not found
Choose your country to see availability
Restricted in United Arab Emirates
- Licence
- Payward FZCO received preliminary VARA approval (broker-dealer, investment and management) on 21 May 2026; full licence pending. Kraken closed its Abu Dhabi office and suspended AED support in February 2023.
- KYC
- Full KYC (ID + selfie) required before trading
Available in Saudi Arabia
- Licence
- No local licence; served by Kraken's global entities
- KYC
- Full KYC (ID + selfie) required before trading
Available in Qatar
- Licence
- No local licence; served by Kraken's global entities
- KYC
- Full KYC (ID + selfie) required before trading
Available in Kuwait
- Licence
- No local licence; served by Kraken's global entities
- KYC
- Full KYC (ID + selfie) required before trading
Available in Bahrain
- Licence
- No local licence; served by Kraken's global entities
- KYC
- Full KYC (ID + selfie) required before trading
Available in Oman
- Licence
- No local licence; served by Kraken's global entities
- KYC
- Full KYC (ID + selfie) required before trading
Available in Jordan
- Licence
- No local licence; served by Kraken's global entities
- KYC
- Full KYC (ID + selfie) required before trading
Available in Egypt
- Licence
- No local licence; served by Kraken's global entities. Local rules on crypto use should be checked.
- KYC
- Full KYC (ID + selfie) required before trading
Available in Morocco
- Licence
- No local licence; served by Kraken's global entities. Local rules on crypto use should be checked.
- KYC
- Full KYC (ID + selfie) required before trading
Available in Türkiye
- Licence
- No local licence found (not confirmed on the SPK list); served by Kraken's global entities
- KYC
- Full KYC (ID + selfie) required before trading
Available in Indonesia
- Licence
- No local licence; served by Kraken's global entities
- KYC
- Full KYC (ID + selfie) required before trading
Available in Malaysia
- Licence
- No local licence; served by Kraken's global entities
- KYC
- Full KYC (ID + selfie) required before trading
Available in Pakistan
- Licence
- No local licence; served by Kraken's global entities
- KYC
- Full KYC (ID + selfie) required before trading
Available in Bangladesh
- Licence
- No local licence; served by Kraken's global entities. Local rules on crypto use should be checked.
- KYC
- Full KYC (ID + selfie) required before trading
Available in Kazakhstan
- Licence
- No local licence; served by Kraken's global entities
- KYC
- Full KYC (ID + selfie) required before trading
Available in Uzbekistan
- Licence
- No local licence; served by Kraken's global entities
- KYC
- Full KYC (ID + selfie) required before trading
Available in Nigeria
- Licence
- No local licence; served by Kraken's global entities
- KYC
- Full KYC (ID + selfie) required before trading
Available in United Kingdom
- Licence
- Payward Limited, FCA-registered cryptoasset firm (NRF 928768); Payward Services Limited, FCA e-money (FRN 1010381). Retail derivatives not offered.
- KYC
- Full KYC (ID + selfie) required; 24-hour reflection period for new accounts
- Local currency
- GBP deposits via bank transfer
Restricted in United States
- Licence
- Payward Interactive, Inc., FinCEN MSB (31000270997766) plus state licences; not available in New York and Maine, fiat or crypto transfers limited in some states
- KYC
- Full KYC (ID + selfie) required before trading
- Local currency
- USD deposits via bank transfer
Available in European Union
- Licence
- Payward Europe Solutions Limited (MiCA authorisation June 2025) and Payward Global Solutions Limited, MiCA CASPs authorised by the Central Bank of Ireland
- KYC
- Full KYC (ID + selfie) required before trading
- Local currency
- EUR deposits via SEPA
- United Arab EmiratesRestricted
Payward FZCO received preliminary VARA approval (broker-dealer, investment and management) on 21 May 2026; full licence pending. Kraken closed its Abu Dhabi office and suspended AED support in February 2023.
- Saudi ArabiaAvailable
No local licence; served by Kraken's global entities
- QatarAvailable
No local licence; served by Kraken's global entities
- KuwaitAvailable
No local licence; served by Kraken's global entities
- BahrainAvailable
No local licence; served by Kraken's global entities
- OmanAvailable
No local licence; served by Kraken's global entities
- JordanAvailable
No local licence; served by Kraken's global entities
- EgyptAvailable
No local licence; served by Kraken's global entities. Local rules on crypto use should be checked.
- MoroccoAvailable
No local licence; served by Kraken's global entities. Local rules on crypto use should be checked.
- TürkiyeAvailable
No local licence found (not confirmed on the SPK list); served by Kraken's global entities
- IndonesiaAvailable
No local licence; served by Kraken's global entities
- MalaysiaAvailable
No local licence; served by Kraken's global entities
- PakistanAvailable
No local licence; served by Kraken's global entities
- BangladeshAvailable
No local licence; served by Kraken's global entities. Local rules on crypto use should be checked.
- KazakhstanAvailable
No local licence; served by Kraken's global entities
- UzbekistanAvailable
No local licence; served by Kraken's global entities
- NigeriaAvailable
No local licence; served by Kraken's global entities
- United KingdomAvailable
Payward Limited, FCA-registered cryptoasset firm (NRF 928768); Payward Services Limited, FCA e-money (FRN 1010381). Retail derivatives not offered.
- United StatesRestricted
Payward Interactive, Inc., FinCEN MSB (31000270997766) plus state licences; not available in New York and Maine, fiat or crypto transfers limited in some states
- European UnionAvailable
Payward Europe Solutions Limited (MiCA authorisation June 2025) and Payward Global Solutions Limited, MiCA CASPs authorised by the Central Bank of Ireland
Presence by country
- United Arab EmiratesVARA preliminary approval for Payward FZCO (broker-dealer, investment and management), 21 May 2026; full licence pending. ADGM operations closed in 2023.Registered
- Saudi ArabiaServed by global entities without a local licenceAvailable
- QatarServed by global entities without a local licenceAvailable
- KuwaitServed by global entities without a local licenceAvailable
- BahrainServed by global entities without a local licenceAvailable
- OmanServed by global entities without a local licenceAvailable
- JordanServed by global entities without a local licenceAvailable
- EgyptServed by global entities without a local licenceAvailable
Show 10 more
- MoroccoServed by global entities without a local licenceAvailable
- TürkiyeServed by global entities; no SPK licence foundAvailable
- IndonesiaServed by global entities without a local licenceAvailable
- MalaysiaServed by global entities without a local licenceAvailable
- PakistanServed by global entities without a local licenceAvailable
- BangladeshServed by global entities without a local licenceAvailable
- KazakhstanServed by global entities without a local licenceAvailable
- UzbekistanServed by global entities without a local licenceAvailable
- NigeriaServed by global entities without a local licenceAvailable
- IraqIraq is on Kraken's list of prohibited regionsUnavailable
Reliability in detail
Overall 7.4 of 10
Proof of reserves
8.0Quarterly proof of reserves reviewed by an independent accountant (firm not named on the page), with Merkle-tree user verification and client liabilities included. Snapshots 31 December 2025 and 30 June 2026; June 2026 ratios BTC 102.9 %, ETH 100.5 %, SOL 100.6 %, XRP 102.3 %, stablecoins above 105 %. Quarterly, not monthly.
Licences
9.5MiCA CASP licences from the Central Bank of Ireland (June 2025), CySEC MiFID firm, FCA registration and e-money entity (UK), FinCEN MSB and Wyoming SPDI (US), FINTRAC MSB (Canada), AUSTRAC DCE (Australia), BMA Class F (Bermuda), CNV VASP (Argentina); VARA preliminary approval (May 2026).
Incident history
8.0No hack with client losses found in the last five years. OFAC settlement for 826 apparent Iran sanctions violations (USD 362,158.70, November 2022) and SEC settlement over its US staking programme (USD 30 million, February 2023); neither involved misuse of client funds.
Segregation of funds
6.0Proof of reserves shows client assets backed 1:1 and above, and Kraken's EU and UK e-money and MiCA entities are subject to safeguarding rules. No audit report explicitly confirming legal segregation of client crypto was found.
Insurance fund
2.0No dedicated user-protection or insurance fund for spot clients is disclosed on Kraken's security or proof-of-reserves pages as of September 2026.
Security practices
8.0ISO/IEC 27001:2022 certification and SOC 2 Type 1 examination; cold storage and hot wallets are used, but Kraken does not state what share of assets is kept cold; FIDO2 2FA and passkeys, no SMS recovery, PGP-signed email, bug bounty programme.
Fees
Spot trading, deposits and withdrawals
Spot trading
0.4% maker · 0.8% taker
Kraken Pro entry tier (USD 0+ 30-day volume); falls to 0.30/0.60 % above USD 2,500. Stablecoin/FX pairs 0.20 %. App instant buys carry a 1 % commission. No token discount.
Deposits
Deposit fees depend on method and currency and can be fixed or variable; crypto deposits are generally free apart from network costs. Check the deposit screen for your method.
Withdrawals
Withdrawal fees vary by asset and method and may be fixed or dynamic to reflect network and processing costs; the exact fee is shown before confirming.
Halal coins you can buy on Kraken
Coins with a halal verdict listed on this exchange
No coins with a halal verdict on this exchange yet
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