Kraken
Centralized exchange- Spot fee
- 0.4% / 0.8%
- Coins with a halal verdict
- 3
- of those listed here
- Available in
- 18 of 20
- countries we track
- Checked
- Sep 27, 2026
Reliability
7.4/ 10
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
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.
Use
- Spot trading, coin by coin
Avoid
- Margin, futures, derivatives
- Earn, rewards, DeFi Earn
More details
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
- BHBahrain
- BDBangladesh
- EGEgypt
- EUEuropean Union
- IDIndonesia
- JOJordan
- KZKazakhstan
- KWKuwait
- MYMalaysia
- MAMorocco
- NGNigeria
- OMOman
- PKPakistan
- QAQatar
- SASaudi Arabia
- TRTürkiye
- AEUnited Arab Emirates
- GBUnited Kingdom
- USUnited States
- UZUzbekistan
- AFAfghanistanno data
- AXÅland Islandsno data
- ALAlbaniano data
- DZAlgeriano data
- ASAmerican Samoano data
- ADAndorrano data
- AOAngolano data
- AIAnguillano data
- AQAntarcticano data
- AGAntigua & Barbudano data
- ARArgentinano data
- AMArmeniano data
- AWArubano data
- AUAustraliano data
- ATAustriano data
- AZAzerbaijanno data
- BSBahamasno data
- BBBarbadosno data
- BYBelarusno data
- BEBelgiumno data
- BZBelizeno data
- BJBeninno data
- BMBermudano data
- BTBhutanno data
- BOBoliviano data
- BABosnia & Herzegovinano data
- BWBotswanano data
- BVBouvet Islandno data
- BRBrazilno data
- IOBritish Indian Ocean Territoryno data
- VGBritish Virgin Islandsno data
- BNBruneino data
- BGBulgariano data
- BFBurkina Fasono data
- BIBurundino data
- KHCambodiano data
- CMCameroonno data
- CACanadano data
- CVCape Verdeno data
- BQCaribbean Netherlandsno data
- KYCayman Islandsno data
- CFCentral African Republicno data
- TDChadno data
- CLChileno data
- CNChinano data
- CXChristmas Islandno data
- CCCocos (Keeling) Islandsno data
- COColombiano data
- KMComorosno data
- CGCongo - Brazzavilleno data
- CDCongo - Kinshasano data
- CKCook Islandsno data
- CRCosta Ricano data
- CICôte d’Ivoireno data
- HRCroatiano data
- CUCubano data
- CWCuraçaono data
- CYCyprusno data
- CZCzechiano data
- DKDenmarkno data
- DJDjiboutino data
- DMDominicano data
- DODominican Republicno data
- ECEcuadorno data
- SVEl Salvadorno data
- GQEquatorial Guineano data
- EREritreano data
- EEEstoniano data
- SZEswatinino data
- ETEthiopiano data
- FKFalkland Islands (Islas Malvinas)no data
- FOFaroe Islandsno data
- FJFijino data
- FIFinlandno data
- FRFranceno data
- GFFrench Guianano data
- PFFrench Polynesiano data
- TFFrench Southern Territoriesno data
- GAGabonno data
- GMGambiano data
- GEGeorgiano data
- DEGermanyno data
- GHGhanano data
- GIGibraltarno data
- GRGreeceno data
- GLGreenlandno data
- GDGrenadano data
- GPGuadeloupeno data
- GUGuamno data
- GTGuatemalano data
- GGGuernseyno data
- GNGuineano data
- GWGuinea-Bissauno data
- GYGuyanano data
- HTHaitino data
- HMHeard & McDonald Islandsno data
- HNHondurasno data
- HKHong Kongno data
- HUHungaryno data
- ISIcelandno data
- INIndiano data
- IRIranno data
- IQIraqno data
- IEIrelandno data
- IMIsle of Manno data
- ILIsraelno data
- ITItalyno data
- JMJamaicano data
- JPJapanno data
- JEJerseyno data
- KEKenyano data
- KIKiribatino data
- KGKyrgyzstanno data
- LALaosno data
- LVLatviano data
- LBLebanonno data
- LSLesothono data
- LRLiberiano data
- LYLibyano data
- LILiechtensteinno data
- LTLithuaniano data
- LULuxembourgno data
- MOMacaono data
- MGMadagascarno data
- MWMalawino data
- MVMaldivesno data
- MLMalino data
- MTMaltano data
- MHMarshall Islandsno data
- MQMartiniqueno data
- MRMauritaniano data
- MUMauritiusno data
- YTMayotteno data
- MXMexicono data
- FMMicronesiano data
- MDMoldovano data
- MCMonacono data
- MNMongoliano data
- MEMontenegrono data
- MSMontserratno data
- MZMozambiqueno data
- MMMyanmar (Burma)no data
- NANamibiano data
- NRNauruno data
- NPNepalno data
- NLNetherlandsno data
- NCNew Caledoniano data
- NZNew Zealandno data
- NINicaraguano data
- NENigerno data
- NUNiueno data
- NFNorfolk Islandno data
- KPNorth Koreano data
- MKNorth Macedoniano data
- MPNorthern Mariana Islandsno data
- NONorwayno data
- PWPalauno data
- PSPalestineno data
- PAPanamano data
- PGPapua New Guineano data
- PYParaguayno data
- PEPeruno data
- PHPhilippinesno data
- PNPitcairn Islandsno data
- PLPolandno data
- PTPortugalno data
- PRPuerto Ricono data
- RERéunionno data
- RORomaniano data
- RURussiano data
- RWRwandano data
- WSSamoano data
- SMSan Marinono data
- STSão Tomé & Príncipeno data
- SNSenegalno data
- RSSerbiano data
- SCSeychellesno data
- SLSierra Leoneno data
- SGSingaporeno data
- SXSint Maartenno data
- SKSlovakiano data
- SISloveniano data
- SBSolomon Islandsno data
- SOSomaliano data
- ZASouth Africano data
- GSSouth Georgia & South Sandwich Islandsno data
- KRSouth Koreano data
- SSSouth Sudanno data
- ESSpainno data
- LKSri Lankano data
- BLSt. Barthélemyno data
- SHSt. Helenano data
- KNSt. Kitts & Nevisno data
- LCSt. Luciano data
- MFSt. Martinno data
- PMSt. Pierre & Miquelonno data
- VCSt. Vincent & Grenadinesno data
- SDSudanno data
- SRSurinameno data
- SJSvalbard & Jan Mayenno data
- SESwedenno data
- CHSwitzerlandno data
- SYSyriano data
- TWTaiwanno data
- TJTajikistanno data
- TZTanzaniano data
- THThailandno data
- TLTimor-Lesteno data
- TGTogono data
- TKTokelauno data
- TOTongano data
- TTTrinidad & Tobagono data
- TNTunisiano data
- TMTurkmenistanno data
- TCTurks & Caicos Islandsno data
- TVTuvaluno data
- UMU.S. Outlying Islandsno data
- VIU.S. Virgin Islandsno data
- UGUgandano data
- UAUkraineno data
- UYUruguayno data
- VUVanuatuno data
- VAVatican Cityno data
- VEVenezuelano data
- VNVietnamno data
- WFWallis & Futunano data
- EHWestern Saharano data
- YEYemenno data
- ZMZambiano data
- ZWZimbabweno 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
- AEUnited 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.
- SASaudi ArabiaAvailable
No local licence; served by Kraken's global entities
- QAQatarAvailable
No local licence; served by Kraken's global entities
- KWKuwaitAvailable
No local licence; served by Kraken's global entities
- BHBahrainAvailable
No local licence; served by Kraken's global entities
- OMOmanAvailable
No local licence; served by Kraken's global entities
- JOJordanAvailable
No local licence; served by Kraken's global entities
- EGEgyptAvailable
No local licence; served by Kraken's global entities. Local rules on crypto use should be checked.
- MAMoroccoAvailable
No local licence; served by Kraken's global entities. Local rules on crypto use should be checked.
- TRTürkiyeAvailable
No local licence found (not confirmed on the SPK list); served by Kraken's global entities
- IDIndonesiaAvailable
No local licence; served by Kraken's global entities
- MYMalaysiaAvailable
No local licence; served by Kraken's global entities
- PKPakistanAvailable
No local licence; served by Kraken's global entities
- BDBangladeshAvailable
No local licence; served by Kraken's global entities. Local rules on crypto use should be checked.
- KZKazakhstanAvailable
No local licence; served by Kraken's global entities
- UZUzbekistanAvailable
No local licence; served by Kraken's global entities
- NGNigeriaAvailable
No local licence; served by Kraken's global entities
- GBUnited KingdomAvailable
Payward Limited, FCA-registered cryptoasset firm (NRF 928768); Payward Services Limited, FCA e-money (FRN 1010381). Retail derivatives not offered.
- USUnited 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
- EUEuropean 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
- AEUnited Arab EmiratesVARA preliminary approval for Payward FZCO (broker-dealer, investment and management), 21 May 2026; full licence pending. ADGM operations closed in 2023.Registered
- SASaudi ArabiaServed by global entities without a local licenceAvailable
- QAQatarServed by global entities without a local licenceAvailable
- KWKuwaitServed by global entities without a local licenceAvailable
- BHBahrainServed by global entities without a local licenceAvailable
- OMOmanServed by global entities without a local licenceAvailable
- JOJordanServed by global entities without a local licenceAvailable
- EGEgyptServed by global entities without a local licenceAvailable
Show 10 more
- MAMoroccoServed by global entities without a local licenceAvailable
- TRTürkiyeServed by global entities; no SPK licence foundAvailable
- IDIndonesiaServed by global entities without a local licenceAvailable
- MYMalaysiaServed by global entities without a local licenceAvailable
- PKPakistanServed by global entities without a local licenceAvailable
- BDBangladeshServed by global entities without a local licenceAvailable
- KZKazakhstanServed by global entities without a local licenceAvailable
- UZUzbekistanServed by global entities without a local licenceAvailable
- NGNigeriaServed by global entities without a local licenceAvailable
- IQIraqIraq 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
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