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Understanding kraken+ zero fees: what's the catch?

Kraken+ Sparks Confusion | Users Question Zero Fees Offer

By

Erik Voorhees

Apr 18, 2025, 02:37 AM

Snappy read

A trader looking puzzled at their trading platform showing unexpected fees

A growing chorus of complaints from users has emerged around the zero fees promotion on Kraken+. Many are expressing frustration after discovering that their recent trades still incurred charges.

What’s Behind the Confusion?

A user on a popular forum raised the alarm, asking, "I joined Kraken+ for zero fees, but I still pay fees. Am I missing something?" This concern hit home for many who believed that the zero fees scheme covered all trading terms on the platform.

Key Themes from User Feedback

  1. Scope of Zero Fees: A critical clarification emerged regarding the zero fees benefit on Kraken+.

  2. Product Distinctions: Users pointed out that different products like Kraken Pro don’t share the same zero fee policy.

  3. Platform Specifics: Many users are trading on the Kraken app or web platform, unaware that specific terms might not apply here.

Responses to the Issue

One user quickly clarified that zero fees are exclusive to the Kraken app and web interface, stating, "Kraken+ benefits apply only to the Kraken app and web platform. It doesn't extend to Kraken Pro products." Another confirmed he made trades using the web app, supporting the notion that confusion might stem from lack of product knowledge.

> "Hope that helps clear things up!" - Ron πŸ™

User Sentiment Mixed but Inquisitive

Overall sentiment among users reflects a mix of confusion and concern. Some appear frustrated by unexpected fees, while others simply seek clarity. One response highlights, "Thanks mate, trades were not on Kraken Pro" indicating a common querying of the offered services.

Takeaways πŸ’‘

  • ⚑ Only Kraken app/web users enjoy zero fees

  • πŸ” Some remain in the dark about product applicability

  • πŸ’¬ User awareness crucial for avoiding misunderstandings

  • 🎯 "It seems there's a need for clearer communication" - frequent commenter

Final Thoughts

As the situation evolves, it remains crucial for Kraken to ensure clear communication about its fee structure. Many are left wondering whether the excitement for zero fees is a reality or a marketing pitch. How will Kraken respond to this rising wave of inquiries?