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Kraken Promotions: 20% Referral Bonus Offer

Kraken is an ultra low-cost cryptocurrency exchange that offers a nice sign-up bonus for inviting others to join. For every person you refer to Kraken, you’ll earn a 20% commission on their trading fees – for the lifetime of their account!

Looking for a Kraken promo code? More details on this referral bonus and other Kraken offers below.

This post may contain affiliate links, meaning I get a commission at no cost to you if you decide to make a purchase through my links. Visit this page for more information. The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired.

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What is Kraken?

Kraken is a US-based cryptocurrency exchange that provides trading between cryptocurrency and fiat currencies. Founded in 2011, it’s one of the oldest and most secured platforms (Kraken has never been hacked) that lets its customers buy 50+ cryptocurrencies.

New crypto investors should use the main Kraken platform, while avid traders can switch to Kraken Pro, an active trading platform that offers one of the lowest fees in the industry (starting at just 0.26% taker fee or 0.16% maker fee).

Kraken Promotions

Offer #1: Kraken Referral Code

Join Kraken to enjoy one of the lowest trading fees in the industry. You’ll also receive a referral code that pays you 20% of each referral’s trading fees.

Kraken Pro charges only 0.26% to buy and 0.16% to sell which makes it one of the best places to trade crypto – you can read this analysis at the bottom of this post.

Although there’s no sign-up bonus currently available, Kraken is expected to offer one, including a new user promo code and a revamped referral program sometime later in 2022.

How To Get Referral Code:

  1. Join Kraken using this link.
  2. Find your unique referral code (Referral ID) to share with others.
  3. Get 20% of the trading fees collected for the lifetime of your referrals (limit of $1,000 per referral).

Offer #2: Kraken Referral Bonus

Refer new users to Kraken and earn 20% of their trading fees as a referral bonus (at no cost to them).

This is for the lifetime of the account trading fees – up to $1,000 USD payout per referral. Trading fee calculations include spot trade fees, margin opening fees, and margin rollover fees.

How To Get 20% Referral Commission:

  1. Open a Kraken account using this link.
  2. Share your referral code (Referral ID) with friends and family.
  3. Receive 20% of the trading fees collected for the lifetime of their account.

Kraken also has an affiliate program open to bloggers and social media influencers that require a minimum of 5,000 followers or subscribers to join. It offers the same terms as the referral program though so I don’t see the point.

The Bottom Line

I use Kraken, Gemini (Gemini Active Trader), and Binance.US when I make large purchases of crypto because these platforms have the lowest trading fees out of all the crypto exchanges.

Let’s say you buy $1,000 of Bitcoin every month. With Kraken Pro, you’d pay only 0.26% as a taker fee, which translates to $2.60 with no additional charges.

Compare that to an exchange like Coinbase where you’d pay 1.49% for a $1,000 BTC purchase, which is $14.90 – but that’s not all. Coinbase also charges a spread fee of 1% on crypto, making your actual trading costs total a whopping $24.90 to buy $1,000 BTC.

The spread fee is the difference between what the crypto costs and what you pay to buy it or receive for a sale.

If you buy crypto frequently, it’s smart to use an exchange with low trading fees. My strategy is to always buy using a low-cost platform and than transfer the crypto to an exchange offering high interest rates.

I’ll include this Kraken promo in my list of the best crypto offers. If you’re interested, check out other ways to get free cryptocurrency.

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