Simple Ways to Save at Kraken
You don't need to be a crypto expert to save money on Kraken's fees. The easiest way to start saving is by using their different trading platforms.
- Kraken Pro is Your Best Friend: This is the number one tip for any regular user. The trading fees on Kraken Pro are significantly lower than on the main Kraken app. It's designed for more active traders, but anyone can use it to save.
- Understand Trading Pairs: Sometimes, the direct trading pair you want (like converting USD to a specific crypto) has a higher fee. You can often save by trading through a different, more liquid pair first.
- Use Limit Orders: On Kraken Pro, always use "limit orders" instead of "market orders." A limit order lets you set the exact price you want to buy or sell at, which comes with a lower fee than a market order that executes immediately at the current price.
Best Times to Shop
In the crypto world, the concept of "sales" is different. The best time to get a good deal is often tied to market activity.
- Trade During High Volume: Trading when there is high market volume (lots of people buying