Crypto Basics

Is Kraken Safe? - A Comprehensive Review

Is Kraken safe? Uncover the truth in our comprehensive review. Learn about the platform's security measures and user experiences.
S. Vishwa
5 Minutes
MIN

Cryptocurrency exchanges play a crucial role in the world of digital assets, allowing users to buy, sell, and trade various cryptocurrencies. One such exchange that has gained significant attention is Kraken. 

With its established reputation and a wide range of features and services, many investors are curious to know: Is Kraken safe? 

In this comprehensive review, we will delve into the security measures, fees, customer support, and overall usability of the Kraken exchange to determine whether it is a trustworthy platform for cryptocurrency trading.

Kraken: An Overview

Founded in 2011, Kraken is one of the oldest cryptocurrency exchanges in the industry. It has become a prominent player, offering a wide range of trading options and supporting over 200 cryptocurrencies.

Kraken stands out for its low trading fees, 24/7 customer support, and commitment to security. Let's take a closer look at these key aspects.

Trading Fees

One of the primary considerations for any trader is the cost associated with trading on an exchange. Kraken offers competitive trading fees that are among the lowest in the industry. 

The fees are based on a maker-taker model, where makers provide liquidity to the market and incur lower fees, while takers remove liquidity and pay slightly higher fees.

The trading fees on Kraken start at 0.26 percent for takers and 0.16 percent for makers. However, as your trading volume increases, the fees decrease.

For example, if your monthly trading volume exceeds $10 million, you can enjoy zero percent fees for takers and 0.10 percent for makers. This fee structure makes Kraken an attractive option for high-volume traders.

Security Measures

When it comes to cryptocurrency exchanges, security is of utmost importance. Kraken takes security seriously and has implemented robust measures to protect user funds. 

The exchange has never been hacked, which is a testament to its commitment to safeguarding customer assets.

Kraken employs a multi-layered security approach. The majority of user funds are stored in offline "cold" wallets, which are physically isolated from online systems and inaccessible to hackers. 

Only a small portion of funds required for liquidity are kept in online "hot" wallets. Additionally, all wallets and data are encrypted, and Kraken undergoes regular security audits to ensure the highest level of protection.

Also Check -  The Latest Offers from Kraken

Customer Support

Having reliable customer support is essential for any cryptocurrency exchange. Kraken distinguishes itself by offering 24/7 customer support. 

Traders can reach out to the exchange's dedicated support team through live chat, email, or phone. The availability of phone support sets Kraken apart from many other exchanges, as it allows users to receive immediate assistance and resolve any issues they may encounter.

In addition to direct support, Kraken provides a comprehensive support library that covers various topics related to account setup, trading strategies, and security. This educational material helps both novice and experienced traders navigate the complexities of cryptocurrency trading.

Usability and Features

Kraken offers a user-friendly interface that caters to both beginners and experienced traders. 

The exchange provides different order options, including simple, intermediate, and advanced, allowing users to choose the level of complexity that suits their trading preferences. The platform also offers a mobile app, ensuring traders can access their accounts and execute trades on the go.

For advanced traders, Kraken offers margin trading with leverage of up to 5x. This feature amplifies traders' potential gains but also carries higher risks, so caution is advised. 

Additionally, Kraken provides a wide selection of cryptocurrencies for trading, making it suitable for traders seeking exposure to various digital assets.

Is Kraken Safe?

Now that we have explored the key features of Kraken, let's address the primary question: Is Kraken safe? The exchange has implemented several security measures to protect user funds and ensure a secure trading environment.

Commingling of Funds

One of the concerns raised by the Securities and Exchange Commission (SEC) is the alleged commingling of customers' funds with Kraken's own funds. 

The SEC argues that this practice poses a significant risk to customers. However, Kraken disputes these allegations and is currently fighting the charges in court.

While the outcome of this legal battle remains uncertain, it is important to note that Kraken has never experienced a security breach or loss of customer funds. 

The exchange's security track record and commitment to protecting user assets should reassure traders.

Security Audits and Compliance

Kraken is known for its proactive approach to security and compliance. The exchange conducts regular security audits, not only for its own systems but also for new cryptocurrencies and crypto security devices. 

By thoroughly vetting new listings, Kraken ensures that only secure and reputable assets are available for trading on its platform. Moreover, Kraken is a regulated exchange that complies with rules and regulations in all supported jurisdictions. 

It is registered as a Money Services Business (MSB) with FinCEN in the United States and FINTRAC in Canada and regulated by the Financial Conduct Authority (FCA) in the United Kingdom. These regulatory measures contribute to the overall safety and trustworthiness of the exchange.

Conclusion: Is Kraken Safe?

Our comprehensive review shows Kraken appears to be a safe and reputable cryptocurrency exchange. The combination of low trading fees, robust security measures, 24/7 customer support, and regulatory compliance makes Kraken an attractive choice for cryptocurrency traders.

While the ongoing legal battle with the SEC raises some concerns, it is important to note that Kraken has managed to avoid any significant hacking incidents and has a strong track record of protecting user funds. 

However, it is worth mentioning that there are grievances from users on internet forums regarding compromised personal accounts on Kraken. 

Traders should exercise caution and conduct their own due diligence before engaging in any trading activities, but overall, Kraken can be considered a reliable platform for cryptocurrency trading.

Please note that investing in cryptocurrencies carries risks, and it is essential to stay informed and make informed decisions based on your personal risk tolerance and financial circumstances.

Disclaimer

The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other advice, and you should not treat any of the website's content as such.

Token Metrics does not recommend buying, selling, or holding any cryptocurrency. Conduct your due diligence and consult your financial advisor before making investment decisions.

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Research

A Practical Guide to Integrating a Crypto API into Your App or Website

Token Metrics Team
6
MIN

Cryptocurrency continues to reshape digital finance, but harnessing its potential in your apps or websites starts with reliable data and functional integrations. Whether you’re building a trading dashboard, NFT platform, or analytics tool, crypto APIs can help your users interact with blockchain data in real time. But what exactly is involved in integrating a crypto API, and which best practices should developers follow to ensure security and scalability?

What Is a Crypto API?

A crypto API (Application Programming Interface) enables your application to access blockchain data—such as prices, market statistics, trading signals, wallets, or transactions—without running a full node. These APIs expose services from exchanges, data aggregators, or specialized blockchain infrastructure providers, offering an efficient way for developers to query real-time or historical information about one or many cryptocurrencies.

Key types of crypto APIs include:

  • Market Data APIs: Deliver up-to-date price, volume, and order book data from multiple exchanges.
  • Trading APIs: Enable trade execution, portfolio monitoring, and account management on supported platforms (requires authentication).
  • Blockchain Explorer APIs: Fetch detailed wallet, block, and transaction data directly from public blockchains.
  • On-chain Analytics APIs: Provide insights into address activity, token flows, and DeFi metrics for smarter analysis and research.

Steps to Integrate a Crypto API Into Your App or Website

Integration complexity depends on your project’s requirements, the data you need, and your tech stack. Below is a streamlined process you can follow:

  1. Identify Your Use Case: Define whether you need price feeds, transaction history, wallet data, or on-chain analytics. This will narrow down your API options.
  2. Choose a Reputable API Provider: Compare providers based on documentation clarity, data coverage, latency, uptime, security, and cost. Leading options include Token Metrics API, CoinGecko, CoinMarketCap, Alchemy (for blockchain data), and others.
  3. Register for an API Key: Most APIs require authentication via a key. Signing up typically takes minutes and often involves picking a free or paid plan depending on volume needs.
  4. Study Documentation and SDKs: Review API endpoints, request/response models, limits, and code samples. Many providers offer SDKs and libraries for popular languages like Python, JavaScript, and Java.
  5. Integrate Into Your App: Use HTTP requests (REST or WebSocket) on the backend or frontend. Always keep API keys secure (never expose them client-side in public apps).
  6. Handle Responses and Edge Cases: Validate all incoming data before displaying or using it. Implement error handling for issues like rate limits, network errors, or service downtime.
  7. Monitor Usage and Optimize: Track API consumption and response times. As your app grows, consider caching strategies or upgrading your plan for higher throughput.

With new blockchain protocols and DeFi innovations, crypto APIs serve a growing variety of development scenarios, including:

  • Real-Time Market Dashboards: Aggregate live crypto asset prices, volumes, and charts for traders and investors.
  • Portfolio Trackers: Show users up-to-date balances and value changes on connected wallets or exchange accounts.
  • Token Price Alerts: Trigger notifications based on user-defined price movements or market signals.
  • Analytics and Research Tools: Provide on-chain metrics, sentiment analysis, or token scoring using APIs offering deeper analytics.
  • Decentralized Apps (DApps): Power smart contracts, DeFi analytics, or NFT galleries with blockchain state data.

Security Best Practices for Crypto API Integration

Integrating financial APIs brings unique security and privacy considerations. To safeguard both your application and its users, adopt the following best practices:

  • Keep API Keys Private: Store keys in secure backends or environment variables. Never hard-code secrets or expose them in browser-side code.
  • Enforce Least Privilege: Only request the minimum data and permissions needed for your use case.
  • Use HTTPS Endpoints: Always communicate over secure channels to prevent exposure of risk-sensitive data.
  • Validate and Sanitize Data: Carefully check all incoming data for integrity and format before processing in your app.
  • Monitor for Abuse or Anomalies: Track API activity, control rate limits, and be alert for suspicious behavior or excessive usage.

Measuring Quality and Performance of Crypto APIs

Not all crypto APIs are built the same. To ensure seamless user experience and reliability for your app or site, regularly assess:

  • Uptime and Latency: Higher uptime and low latency mean data is available when you need it most, especially for trading or arbitrage applications.
  • Data Breadth and Accuracy: Choose APIs that cover the assets, exchanges, and protocols relevant to your target audience—and that keep up with rapid market evolution.
  • Support and Documentation: Responsive support teams and thorough documentation can save substantial development time and headaches.
  • Scalability: As your application scales, verify that your API can handle increased load without causing bottlenecks or failing to deliver data on time.

Build Smarter Crypto Apps & AI Agents with Token Metrics

Token Metrics provides real-time prices, trading signals, and on-chain insights all from one powerful API. Grab a Free API Key

FAQ: Integrating Crypto APIs Into Apps and Sites

What programming languages can I use with crypto APIs?

Most crypto APIs are RESTful and language-agnostic. Popular options include JavaScript (Node.js), Python, Java, Ruby, Go, and C#. Many providers also supply SDKs for quick setup in these languages.

Are there free crypto API options available?

Yes, many crypto API providers, including Token Metrics, offer free tiers with rate limits suitable for development and testing. For production workloads or higher request volume, upgrading may be necessary.

Can I use a crypto API for real-time trading?

Some APIs allow trade execution and position monitoring, but this requires authentication and additional security considerations. Always follow platform-specific restrictions and compliance requirements when handling trading actions.

How do I choose the best crypto API for my app?

Evaluate APIs based on the data scope, latency, documentation quality, scalability, pricing, and available features such as on-chain analytics or advanced trading signals. Community reviews and support responsiveness are also important factors.

Is integrating crypto APIs secure?

API integration can be secure if you use HTTPS, safeguard your API keys, validate all inputs and outputs, and regularly monitor application and network activity. Following best practices and choosing reputable providers is crucial.

Disclaimer

This article is for informational purposes only. It does not provide investment advice, guarantees of accuracy, or endorse any specific technology, protocol, or strategy. Always conduct your own technical and security due diligence before integrating any third-party services.

Research

How Crypto APIs Empower Effortless Portfolio Tracking

Token Metrics Team
6
MIN

As the digital asset ecosystem grows more complex, keeping tabs on multiple cryptocurrencies across wallets, exchanges, and DeFi protocols can feel overwhelming. Many crypto enthusiasts and data-driven researchers are turning to APIs—powerful tools that automate and streamline portfolio tracking. But how exactly do crypto APIs help you monitor your digital assets, and what should you know before getting started?

What Is a Crypto API and Why Use One?

An API, or Application Programming Interface, acts as a bridge allowing software programs to communicate with one another. In the context of cryptocurrency, crypto APIs provide standardized and secure access to real-time and historical blockchain data, market prices, account balances, transaction history, and more.

Using a crypto API for portfolio tracking means you can:

  • Automatically aggregate holdings from multiple wallets or exchanges.
  • Monitor portfolio value with up-to-date price data.
  • Analyze allocations, performance, and exposure across assets and chains.
  • Integrate insights into custom dashboards, spreadsheets, or research tools.
For developers and power users, APIs unlock the potential for sophisticated workflows, real-time notifications, and integration with AI-driven analytics solutions.

How Crypto APIs Track Your Portfolio

Most portfolio tracking APIs fall into one or more of these categories:

  • Exchange APIs: Connect directly to trading platforms to fetch balances, trade history, and transaction data.
  • Blockchain Explorer APIs: Query public blockchains (like Ethereum, Bitcoin) to track wallet balances or specific transactions via address lookup.
  • Aggregators: Combine data from multiple sources (exchanges, wallets, DeFi apps) to offer a comprehensive, unified portfolio overview.
  • Analytics & On-chain Insights: Advanced APIs like Token Metrics layer research, trading signals, and on-chain data onto portfolio monitoring for deeper analysis.

To use these APIs, you typically generate an API key from the provider, configure access permissions (like read-only for safety), and then supply your wallet addresses or connect exchange accounts. Data is returned in machine-readable formats such as JSON, making it easy to feed into portfolio apps, visualization dashboards, or research workflows.

Benefits and Limitations of API-Based Portfolio Tracking

Using crypto APIs for portfolio tracking offers several key advantages:

  • Automation: Eliminate manual tracking and data entry errors.
  • Real-time Accuracy: Reflect the latest price and wallet balance changes.
  • Custom Integration: Tailor insights for your preferred workflow or platform.
  • Enhanced Analysis: Combine price, transaction, and on-chain data for deeper research.

However, APIs also come with practical limitations:

  • Technical Complexity: Requires some programming knowledge or use of pre-built tools.
  • Rate Limits: Providers may cap the number of requests per minute or day.
  • Security Considerations: Sharing exchange API keys or wallet addresses demands careful management of permissions and privacy.
  • Incomplete Data: Not all exchanges or blockchains are supported by every API.

Making sure your chosen API covers your required assets, chains, and platforms is crucial for effective portfolio monitoring.

How to Get Started with Crypto Portfolio APIs

If you’re interested in automating your portfolio tracking with a crypto API, the following workflow is a common approach:

  1. Identify Your Needs: Determine which sources (exchanges, wallets, chains) and data (balances, historical prices) you want to monitor.
  2. Select a Reputable API Provider: Review offerings like Token Metrics and compare available endpoints, asset coverage, update frequency, and security features.
  3. Register for API Access: Sign up for an account and obtain your API key(s). Configure permissions such as read-only portfolio data where possible.
  4. Implement or Integrate: Use code libraries or third-party portfolio apps that support your chosen API, or build a custom integration to display data in spreadsheets, dashboards, or analysis tools.
  5. Test Security and Accuracy: Validate that data is being pulled securely and accurately reflects your portfolio—including regular reviews of API permissions.

You don’t need to be a developer to benefit—many plug-and-play crypto tracking apps are built atop APIs, letting anyone leverage automated monitoring.

AI and the Next Generation of Crypto Portfolio APIs

The evolution of crypto APIs has accelerated with the rise of AI-powered analytics, creating opportunities to go beyond tracking simple balances. Platforms such as Token Metrics use machine learning to identify potential patterns in on-chain flows, provide portfolio exposure metrics, and surface unusual trading activity.

For quantitative traders, developers, and researchers, combining APIs with AI agents enables:

  • Automated alerts for risk and performance thresholds.
  • Portfolio rebalancing models based on on-chain and market signals.
  • Aggregated intelligence—such as sector allocations, historical returns, and on-chain wallet behaviors—delivered directly into research dashboards.
Ultimately, integrating AI and crypto APIs can result in a more holistic, dynamic approach to managing digital assets, offering valuable context for informed tracking and analysis.

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Token Metrics provides real-time prices, trading signals, and on-chain insights all from one powerful API. Grab a Free API Key

FAQ: Crypto APIs for Portfolio Tracking

What is a crypto API?

A crypto API is a software interface that allows applications or users to access and retrieve cryptocurrency data—such as balances, prices, trades, or transactions—from exchanges, blockchains, and data aggregators in real time.

Are crypto APIs secure to use for tracking my portfolio?

Most reputable APIs use strong security measures. For exchange APIs, set read-only permissions when possible, and never share your private keys. Always review a provider's documentation and best practices before use.

Can I use crypto APIs without coding skills?

While coding offers maximum flexibility, many portfolio tracking platforms and apps utilize APIs behind the scenes to collect and display your asset data—no coding required.

What’s the difference between using a crypto API and a portfolio tracking app?

APIs are tools for collecting and sharing data, often requiring custom setup, while apps are ready-made solutions built on APIs for ease of use. Advanced users might use APIs directly for custom or automated tracking; others may prefer user-friendly apps.

Does Token Metrics offer a crypto portfolio API?

Yes. Token Metrics provides a dedicated API offering real-time prices, trading signals, and on-chain analytics that can be used for portfolio tracking and research. Refer to their documentation for integration steps.

Disclaimer

This content is for educational and informational purposes only. It does not constitute investment, financial, or trading advice. Token Metrics does not guarantee or warrant any results or third-party services mentioned herein. Always conduct your own research before using new technologies or services in your crypto workflow.

Research

How Crypto APIs Deliver On-Chain Data: Transactions & Wallet Balances Explained

Token Metrics Team
6
MIN

The explosive growth of crypto assets and decentralized protocols has fueled demand for accurate, real-time blockchain data. Whether you’re building an application, performing due diligence, or exploring on-chain analytics, knowing how to access transactions and wallet balances is crucial. But do crypto APIs actually provide this level of on-chain data—and how can you use it effectively?

What Are Crypto APIs and Why Are They Essential?

Crypto APIs (Application Programming Interfaces) are software gateways that let applications interact with blockchains and related services without managing full nodes or direct infrastructure. These APIs power wallets, portfolio trackers, analytics dashboards, and AI-driven research tools with everything from price feeds to in-depth blockchain data.

Why use a crypto API? Running your own blockchain node can be resource-intensive, requiring disk space, bandwidth, security practices, and ongoing maintenance. An API abstracts this complexity, providing developers and analysts with curated endpoints for questing data on-demand. This is particularly valuable for applications that need:

  • Up-to-date transaction histories
  • Current wallet balances across tokens and networks
  • Wallet activity details
  • Aggregated analytics, like smart money flows and DeFi positions

The Types of On-Chain Data Crypto APIs Provide

On-chain data refers to all the information stored directly on blockchain ledgers. Crypto APIs tap into different layers of this data, including:

  • Transaction Data: Hashes, timestamps, senders, receivers, transferred assets, gas fees, and contract interactions.
  • Wallet Balances: Query current holdings of native coins (like ETH or BTC) and tokens (such as ERC-20s), and sometimes even NFTs.
  • Historical Address Activity: Complete transactional history of wallets, letting you analyze behavioral trends or audit activity.
  • Smart Contract Events: Details about token transfers, liquidity provision, swaps, or governance votes.
  • Network/Protocol Stats: Blockchain metrics like block times, mining data, and node health, important for infrastructure and analytics teams.

Modern crypto APIs go beyond simple read-access, offering data enrichment features such as address labels, scam alerts, and portfolio reconstruction. This enables AI-driven tools and traders to make sense of raw blockchain transactions with greater ease.

How Do Crypto APIs Fetch and Deliver On-Chain Data?

The process of serving real-time, reliable on-chain data is complex. Here’s how reputable API providers typically operate:

  1. Node Infrastructure: Providers run full nodes for each supported blockchain, ingesting every new block.
  2. Data Indexing: Data is parsed, structured, and indexed for fast lookups—allowing APIs to serve requests instantly, even for complex queries.
  3. Aggregation & Enrichment: Some platforms aggregate data across multiple chains or enhance raw data with analytics, labels, or risk scores, helping to contextualize wallet activity.
  4. API Layer Exposure: RESTful or GraphQL endpoints expose this information for developers and researchers.

For example, querying for a wallet’s balance generally involves calling an endpoint such as /address/{wallet}/balances, which returns all supported tokens and quantities for that wallet, directly from on-chain sources. Transaction history requests retrieve confirmed transfers and contract activities, often with additional tags for clarity.

Key Use Cases for On-Chain Transaction and Balance Data

On-chain data accessed via crypto APIs has become foundational in several scenarios:

  • Tracking Portfolio Value: Automated tools instantly aggregate wallet balances and transaction histories across multiple addresses, networks, and asset types.
  • Due Diligence & Audit: On-chain data reveals the actual movement of funds, enabling independent scrutiny for compliance, proof-of-reserves, and forensic analysis.
  • Developing dApps & DeFi Services: Most wallets, swaps, and lending apps rely on APIs to provide balance updates, confirm transactions, and fetch historical activity.
  • On-Chain Analytics: Researchers and AI models monitor whale activity, wallet clustering, and token flows to identify ecosystem trends.
  • Risk Management: Platforms use API-provided on-chain labels to detect scam addresses, risky protocols, or suspicious transaction patterns.

In addition, many quantitative research teams and AI-driven crypto tools ingest on-chain data through APIs to fuel predictive models, market research, and smart contract insights.

Choosing a Crypto API Provider: Essential Parameters

With dozens of API solutions available, consider the following when selecting a crypto API for on-chain data:

  • Data Completeness: Ensure the API supports the networks and asset types you need (e.g., native coins, tokens, NFTs).
  • Latency & Reliability: Fast data delivery and high uptime are critical for real-time trading applications and research automation.
  • Rate Limits & Pricing: Be mindful of free tier restrictions versus your anticipated query volume.
  • Data Enrichment: Does the provider offer wallet labels, scam detection, or analytics layers?
  • Documentation & Support: Robust docs and support channels make integrations smoother and troubleshooting faster.

If you’re integrating advanced analytics or AI-driven insights, prioritize API providers that combine raw on-chain access with actionable, processed intelligence.

Build Smarter Crypto Apps & AI Agents with Token Metrics

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FAQs on Crypto APIs and On-Chain Data

Can I access wallet balances and transaction histories via crypto APIs?

Yes, leading crypto API providers typically offer endpoints to retrieve wallet balances (for both native cryptocurrencies and supported tokens) and to view transaction histories, directly sourced from underlying blockchain ledgers. This streamlines personal portfolio tracking, due diligence, and analytics development.

Are crypto API data outputs reliable and up-to-date?

Reputable API providers maintain robust blockchain node infrastructure and update their databases in real time or near-real time. However, reliability also depends on network congestion, API rate limits, and provider-specific infrastructure. Always review service status and latency commitments before integrating for mission-critical use cases.

Do all crypto APIs support on-chain data for NFTs and Layer-2 networks?

No, coverage varies between providers. Some APIs offer comprehensive data across layer-1 (e.g., Ethereum, Bitcoin) and select layer-2 chains, while others may focus on specific asset classes or blockchains. Likewise, NFT balance and transaction endpoints are only available with APIs that index non-fungible token contracts. Always confirm network and asset support with your chosen provider.

How can developers integrate crypto API on-chain data into their apps?

Most APIs provide REST or GraphQL endpoints that can be queried using common programming languages or HTTP tools. Comprehensive documentation and SDKs (where available) guide developers through authentication, request parameters, and data formatting, making it straightforward to embed wallet balances, transaction lists, or on-chain analytics into web, desktop, or mobile applications.

What are the main benefits of using an API over running a own node?

Using a crypto API saves significant time and resources. Infrastructure, sync issues, storage maintenance, and security are handled by the provider. APIs also enrich data, aggregate multi-chain information, and simplify compliance and access controls, which can be much more complex and costly to reproduce independently.

Disclaimer

This article is for educational purposes and reference only. It does not constitute financial advice, crypto trading recommendations, or any endorsement of specific assets, platforms, or services. Please conduct your own research before making decisions involving digital assets or blockchain technologies.

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