Kraken is a worldwide exchange, though some of the exchange’s features may be limited to specific regions or jurisdictions. At the moment, Kraken does not serve the residents of:
- Afghanistan
- Cuba
- Guinea-Bissau
- Iran
- Iraq
- Japan
- North Korea
- Tajikistan
Kraken is a fully regulated exchange and is accesible to the residents and citizens of the United States, except for residents living in the states of New York (NY) and Washington (WA).
All users must verify their identity (KYC) before being eligible to trade on Kraken. There are three levels of account verification: Starter, Intermediate, and Pro.
In most locations, Kraken asks you to provide your full name, date of birth, address, and phone number. Besides, you have to be at least 18 years old and reside in a supported area.
Starter level verification takes only up to an hour, while the corporate level Pro verification process can take longer than five days.
Note that some features of Kraken may require a higher verification level compared with other supported countries and regions due to inconsistent crypto regulations worldwide.