Can you use Kraken in the US?

Yes, you can but not in all. The platform is available in 48 states — all but Washington state (WA) and New York (NY).

Yes, it is. The platform is an entirely legitimate and secure exchange that is legal in more than 170 countries worldwide. You will not experience any legal consequences if you use the solution.

Does Kraken require SSN?

The platform does not require your Social Security Number (SSN) for the starter account. However, if you want to move on to intermediate or pro accounts, you will need to verify your SSN if you are from the United States.

Does Kraken report to the IRS?

Kraken does not provide tax forms or statements. If you are from the United States, it’s best to consult with a local tax lawyer or government official to check whether or not you have to report to the IRS (Internal Revenue Service). If needed, you can request a record of your balance or trade history by exporting your data to a CSV-file.

Is Kraken better than Coinbase?

According to our Kraken review, if you don’t mind the lack of a wallet, it surpasses Coinbase by a smidge. It offers higher security and a longer list of available cryptocurrencies and its customer support system is better organized and more helpful.

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