As the Kraken+ subscription service draws scrutiny this week, users are buzzing with mixed reviews. Launched with the promise of zero fees on trades up to $10,000 a month for a mere $5, the service has got casual traders pondering its worth amid shifting opinions and concerns.
Kraken+ asserts to provide excellent value for traders. The service includes zero fees for cumulative trades capped at $10,000 each month—not $10,000 per trade—whether buying, selling, converting, or setting up recurring purchases. Users can tap into this offer using various payment methods, including credit cards and online banking. However, is this tailored enough for occasional traders? The comment, "Is this just for the high-volume crowd?" reflects the skepticism.
Interestingly, the allure of potential gains on USDG also caught the attention of some subscribers. "4+ % on USDG is appealing... especially with dips looming," one user noted. Despite the promise, many users remain doubtful, particularly those active in only a few trades annually—like the user who humorously shared, "I probably do 20 trades a year at most."
The feedback from the community is anything but uniform. While a segment of users is testing the waters, others express apprehension regarding the subscription's value. One user succinctly pointed out, "It's only really worth it if the cost of the subscription is less than your fees."
Specific concerns have emerged about the accessibility of funds. New users discovered they cannot withdraw their cryptocurrency for a week after the first deposit, raising eyebrows over the rigidity of withdrawal rules. "Just 7 days for Plaid ACH 🙂," shared one visibly frustrated user.
Additionally, comments suggesting communication issues with Kraken highlighted confusion over email notifications. One user lamented, "Didn’t get the mail until now. Can you share this?" Some have browsed the site without any info on Kraken+, amplifying dissatisfaction.
As discussions continue, users find themselves navigating a sea of curiosity mixed with caution. While some are eager to explore the rewards of Kraken+, others exercise restraint, weighing the actual returns against the investment in the service.
🔼 Many users question the $5 subscription, wondering if it's truly justified.
🔽 Reports of technical issues are hindering some users' experiences.
⭐ Some users emphasize, "It’s only worth it if you’re trading a lot more."
Kraken+ faces a turbulent road ahead, with the community reflecting diverse trading habits. As users share their experiences—both positive and negative—this ongoing conversation promises to reshape how Kraken+ is viewed in the trading community.
