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Independent Reserve vs Kraken: fees, licences and P2P

Facts for both companies from their official pages; each was checked on the date shown in its review.

Facts verified on October 18, 2026

Key differences

Criterion	Independent Reserve	Kraken
Rating	4.6/5 on other platforms 2.1K ratings	4.1/5 on other platforms 62.5K ratings
Regulators	MAS	CBI, CySEC, FCA, ASIC, BMA
Spot trading fees	maker 0.5%, taker 0.5%	maker 0.4%, taker 0.8%
USDT withdrawal	4 USDT on TRC20, 10 USDT on ERC20	0.1 USDT on TON, 0.6132 USDT on ERC20, 1 USDT on TRC20 +5
Proof of reserves	not published	published
Deposits and withdrawals	Bank transfer	PIX, SPEI, Bank transfer, Visa / Mastercard
Founded	2013	—
Futures	—	yes, up to 1:50
Not available in	—	Afghanistan, Belarus, Cuba, Congo - Kinshasa, Iran, Iraq +7
	Read review	Read review

Which regulators license Independent Reserve and Kraken?

Independent Reserve is licensed by MAS; Kraken by CBI, CySEC, FCA, ASIC, and BMA.