Kraken in Guernsey
- Rank in Guernsey
- #1 of 4
- Bitcoin in Guernsey
- Legal
- Our rating
- 4.7
- Review updated
- 2026-08-23
Yes. Kraken serves Guernsey and ranks first of the 4 exchanges in our Guernsey guide, on fees, security record and local payment support. Here it takes Debit or credit card and International wire. Kraken Pro charges 0.25% maker and 0.40% taker below $10,000 in 30-day volume, falling from there. Identity verification is required to deposit fiat and trade.
How to pay on Kraken in Guernsey
The deposit rails Kraken offers to buyers in Guernsey, from our Guernsey guide reviewed 2026-08-20. Each one links to how that rail works here.
What Kraken charges, and what it asks for
Kraken Pro charges 0.25% maker and 0.40% taker below $10,000 in 30-day volume, falling from there. The simple Buy widget and card purchases include a spread and cost noticeably more.
- maker
- 0.25% on Kraken Pro below $10,000 in 30-day volume, decreasing at higher tiers
- taker
- 0.40% on Kraken Pro below $10,000 in 30-day volume, decreasing at higher tiers
- spread note
- Instant buys through the simple interface include a spread; use Kraken Pro for the published maker-taker rates.
- deposit note
- ACH and SEPA deposits are free or low cost; card and digital wallet deposits carry processing fees.
- withdrawal note
- Bitcoin withdrawals carry a small network-based fee; fiat withdrawal costs vary by method and currency.
Identity verification
Required. Identity verification is required to deposit fiat and trade.
Kraken's security and regulatory record
10 dated events on our record since 2020, 6 of them breaches, enforcement actions, insolvencies or outages. Newest first.
- Proof of reserves
Latest proof of reserves shows bitcoin backed at 102.9%
- Breach
Kraken refuses extortion after two support staff misused internal systems
- Licence
Kraken wins a MiCA licence from the Central Bank of Ireland
- Resolved
SEC drops its unregistered exchange case against Kraken
- Enforcement
Australian court finds Kraken's local operator broke product rules, AUD 8 million penalty
Is bitcoin legal in Guernsey?
Bitcoin is legal in Guernsey, and the island runs its own regulatory framework rather than borrowing the UK's. The Lending, Credit and Finance (Bailiwick of Guernsey) Law 2022, in force since 1 July 2023, requires virtual asset service providers carrying on business in or from the Bailiwick to be licensed by the Guernsey Financial Services Commission (GFSC). Buying from a global exchange as a resident is legal, and Guernsey levies no capital gains tax, which makes the tax picture simpler than in most of Europe.
Every exchange we rank in Guernsey
Ranked by our editorial review of fees, security record and local payment support. Rankings are never sold.
| # | Exchange | Rating | Fees | ID check | Pays with |
|---|---|---|---|---|---|
| 1 | KrakenThis page | 4.7 | From 0.25% maker, 0.40% taker | Required | Debit or credit card, International wire |
| 2 | Coinbase | 4.5 | Maker-taker on Advanced Trade | Required | Debit or credit card, International wire |
| 3 | CEX.IO | 4.0 | Maker-taker; card costs more | Required | Faster Payments, Debit or credit card |
| 4 | Coinmama | 3.9 | Commission plus card surcharge | Required | Faster Payments, Debit or credit card, International wire |
Frequently asked questions
Is Kraken available in Guernsey?
Yes. Kraken ranks first of the 4 exchanges in our Guernsey guide, ranked on fees, security record and local payment support. Here it takes Debit or credit card and International wire. Our Guernsey guide was last reviewed 2026-08-20 and the Kraken review on 2026-08-23.
What payment methods does Kraken accept in Guernsey?
In Guernsey, Kraken takes Debit or credit card and International wire. These are the localized rails from our Guernsey guide, not the platform's global list.
What does Kraken charge?
Kraken Pro charges 0.25% maker and 0.40% taker below $10,000 in 30-day volume, falling from there. The simple Buy widget and card purchases include a spread and cost noticeably more.
Does Kraken require identity verification?
Yes. Identity verification is required to deposit fiat and trade. Our record marks this as the platform's own policy rather than a Guernsey rule, so it applies wherever Kraken operates.
Is bitcoin legal in Guernsey?
Bitcoin is legal in Guernsey, and the island runs its own regulatory framework rather than borrowing the UK's. The Lending, Credit and Finance (Bailiwick of Guernsey) Law 2022, in force since 1 July 2023, requires virtual asset service providers carrying on business in or from the Bailiwick to be licensed by the Guernsey Financial Services Commission (GFSC).
Has Kraken had security incidents or regulatory action?
Our record for Kraken lists 10 dated events since 2020: 4 enforcement actions, 2 breaches, 2 licences, 1 resolved case and 1 proof-of-reserves attestation. The most recent, on 2026-06-30: Latest proof of reserves shows bitcoin backed at 102.9%. Each event carries a source on the Kraken review.
Kraken elsewhere in Europe
Kraken ranks in 127 countries on this site. 12 of its 45 Europe pages are linked here; the review lists all of them.
Albania
Andorra
Austria
Belgium
Bulgaria
Croatia
Cyprus
Czech Republic
Denmark
Estonia
Finland
FranceSources
- Kraken fee schedule
- Bloomberg: Kraken said to prepare for IPO
- Value Add VC: Kraken IPO and valuation analysis
- Kraken security practices
- Kraken: Washington state launch (July 2025)
- GFSC: Lending, Credit and Finance sector
- Mourant: regulation of virtual asset service providers (VASPs)
- Collas Crill: GFSC final rules under Guernsey's LCF Law 2022