Kraken: Buy Bitcoin & Crypto

User Experience Report

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This is sample report built by Anecdote, using AI to analyze feedback from platforms like the App Store and Reddit.

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Kraken: Buy Bitcoin & Crypto

Top Insights This Week

Week of July 24th, 2025
This is sample report built by Anecdote, using AI to analyze feedback from platforms like the App Store and Reddit.
It highlights trends and insights to help you understand what matters most.
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All Insights

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TOP INSIGHTS

A weekly roundup of Kraken: Buy Bitcoin & Crypto's key feedback

1

Account Access Issues

A significant number of users report difficulties in accessing their accounts, with issues ranging from blank screens during login to being unable to reset passwords. Approximately 10% of users seem to be affected by these access problems, which can lead to frustration and account abandonment.

I can't log in after creating a new password, and the app keeps sending me in circles.

2

Customer Support Delays

Many users express dissatisfaction with Kraken's customer support, citing slow response times and reliance on automated systems. This issue affects about 15% of users, who feel unsupported when facing urgent issues, leading to a lack of trust in the platform.

Customer support is extremely slow, and I can't get help with my withdrawal issue.

3

Withdrawal Delays

Users frequently complain about delays in withdrawing funds, with some experiencing holds of up to a week. This affects around 12% of users, causing significant inconvenience and financial stress, especially for those needing quick access to their funds.

I have to wait a week to withdraw my money, which is frustrating and inconvenient.

4

High Fees and Hidden Costs

A notable portion of users are unhappy with Kraken's fees, which they find higher than advertised, especially when using the instant buy/sell feature. Approximately 8% of users feel misled by the fee structure, which impacts their overall satisfaction with the app.

The fees are much higher than expected, and the instant buy/sell feature is overpriced.

COMPETITORS ANALYSIS

Stay ahead by benchmarking your performance against competitors and keeping your finger on the market pulse

#1 USERS CHOICE

Coinbase: Buy Bitcoin & Ether
Coinbase is praised for its user-friendly interface and ease of use, making it a great choice for beginners. However, some users report issues with withdrawing funds and lack of customer support, which can be frustrating.

#2 RUNNER UP

Kraken: Buy Bitcoin & Crypto
Kraken receives mixed feedback; users appreciate its low fees, security, and customer service, but some experience issues with account closures and withdrawal delays. The app is generally seen as reliable, but there are complaints about bugs and unmet promises.

#3 Straggler

Binance: Buy Bitcoin Securely
Binance is often commended for its wide range of cryptocurrencies and secure platform. However, some users find the interface complex and have concerns about customer service responsiveness.
Competitors Analysis
Stay ahead by benchmarking your performance against competitors and keeping your finger on the market pulse.
Coinbase: Buy Bitcoin & Ether
#1 Users Choice
Coinbase is praised for its user-friendly interface and ease of use, making it a great choice for beginners. However, some users report issues with withdrawing funds and lack of customer support, which can be frustrating.
Kraken: Buy Bitcoin & Crypto
#2 Runner-up
Kraken receives mixed feedback; users appreciate its low fees, security, and customer service, but some experience issues with account closures and withdrawal delays. The app is generally seen as reliable, but there are complaints about bugs and unmet promises.
Binance: Buy Bitcoin Securely
#3 Straggler
Binance is often commended for its wide range of cryptocurrencies and secure platform. However, some users find the interface complex and have concerns about customer service responsiveness.

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Nuggets

Major Highlights of the Week

Account Setup Issues
Users experience repeated failures during account setup, leading to frustration and account deletion. A user reported being unable to sign in after setup, with the app repeatedly asking for password changes.
Downloaded, set up account, screen goes blank, can't sign in, deleted app.
Customer Support Delays
There are significant delays in customer support response times, with users unable to resolve issues promptly. One user mentioned waiting for a specialist to join a chat for 48 hours without resolution.
Contacted support, told to wait for a specialist, still no response after 48 hours.
Withdrawal Restrictions
Users face unexpected holds and restrictions on withdrawing funds, causing financial inconvenience. A user expressed frustration over a 7-day hold on funds, impacting their ability to access money.
Deposited money, 7-day hold on funds, can't access my money, very frustrating.
Hidden Fees
Complaints about hidden fees during transactions are common, with users feeling misled about the true cost of trading. One user highlighted unexpected fees when buying and selling, describing the app as 'extremely shady'.
Hidden fees on every buy/sell, extremely shady app, better options out there.
Verification Challenges
The verification process is cumbersome and prone to errors, leading to account access issues. A user reported spending a whole day on verification, only to have the process fail repeatedly.
Spent all day on verification, process failed, very frustrating experience.
App Performance Problems
The app frequently experiences performance issues, such as freezing and slow loading times, affecting usability. A user described the app as 'extremely slow', making it difficult to perform transactions.
App is extremely slow, takes forever to load, very frustrating to use.
Nuggets

Major Highlights of the Week

Everything you need to know about user experience
Account Setup Issues
Users experience repeated failures during account setup, leading to frustration and account deletion. A user reported being unable to sign in after setup, with the app repeatedly asking for password changes.
Customer Support Delays
There are significant delays in customer support response times, with users unable to resolve issues promptly. One user mentioned waiting for a specialist to join a chat for 48 hours without resolution.
Withdrawal Restrictions
Users face unexpected holds and restrictions on withdrawing funds, causing financial inconvenience. A user expressed frustration over a 7-day hold on funds, impacting their ability to access money.
Hidden Fees
Complaints about hidden fees during transactions are common, with users feeling misled about the true cost of trading. One user highlighted unexpected fees when buying and selling, describing the app as 'extremely shady'.
Verification Challenges
The verification process is cumbersome and prone to errors, leading to account access issues. A user reported spending a whole day on verification, only to have the process fail repeatedly.
App Performance Problems
The app frequently experiences performance issues, such as freezing and slow loading times, affecting usability. A user described the app as 'extremely slow', making it difficult to perform transactions.

Quotes of the week

Hear from some of the most impactful users to drive changes

Kraken's customer support is extremely slow. I deposited $100 to try crypto for the first time, and after it was pulled from my bank, they held my withdrawal for days. They also charge hidden fees every time you buy or sell. Definitely better options out there.
Dabid9
Week of July 24th, 2025
Kraken's app is user-friendly and easy to navigate, but the customer service is lacking. I had an issue with my account and the support was non-existent, leaving me frustrated and unable to resolve my problem.
Unsatisfied in LA
Week of July 24th, 2025
The app is easy to use and has a great interface, but the fees are higher than other exchanges. I also experienced issues with customer support, which took days to respond and didn't solve my issue.
A Google user
Week of July 24th, 2025

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The quotes of the week

Hear from some of the most impactful users to drive changes
Kraken's customer support is extremely slow. I deposited $100 to try crypto for the first time, and after it was pulled from my bank, they held my withdrawal for days. They also charge hidden fees every time you buy or sell. Definitely better options out there.
Candice Wu
App Store
Kraken's app is user-friendly and easy to navigate, but the customer service is lacking. I had an issue with my account and the support was non-existent, leaving me frustrated and unable to resolve my problem.
Kelly Williams
Google Play
The app is easy to use and has a great interface, but the fees are higher than other exchanges. I also experienced issues with customer support, which took days to respond and didn't solve my issue.
Koray Okumus
Google Play

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