What do people think of Kraken

[Adbitco]

I can't really write about Kraken exchange and I have barely used them for any trade because we are much familiar with Binance since Binance is the number exchange for Africa we often used it without any hassle regardless of smooth kyc process. Apparently, we can say kraken is a good exchange as I barely hears evil records about them this is to show that it's a good exchange, but whenever you are trading in any centralized exchange you should be very mindful not to leave your funds after trading. The thing is when you make deposit make sure to trade and withdraw your funds as no one can predicted what may happen next in that exchange so the safest is don't store your funds in centralized exchange.

[wallet4bitcoin]

Hi,
go to Trustpilot and look up the customer reviews for Kraken, then check out the 1 star ratings. There is a flood of them complaining about having their accounts closed for not apparent reason.
Now I am not sure if those reviews might possibly be fake, or written by bots. At the same time it does seem really concerning. What is your opinion on it. Does Kraken maybe have issues that are brewing in the background, and would it be wise to not use them anymore?
Generally I've mostly read good opinions on them, they are often brought up when the subject is trustworthy exchanges. I just didn't know what to think about that absurd amount of negative reviews, and something seems fishy about it.

Kraken has been around for a while, I've never had a chance to complain about them even though its been a while since I used their services but feedbacks are not to be joked with.
If multiple people have complained about their accounts and their complaints aren't subject to a particular thing then I suggest the reviews have to be taken seriously by users, but if the complaint borders around a particular reason then chances are, they are yet to get it right or maybe they are from the same region and they have some restrictions.

[Saint-loup]

Kraken has been around for a while, I've never had a chance to complain about them even though its been a while since I used their services but feedbacks are not to be joked with.
If multiple people have complained about their accounts and their complaints aren't subject to a particular thing then I suggest the reviews have to be taken seriously by users, but if the complaint borders around a particular reason then chances are, they are yet to get it right or maybe they are from the same region and they have some restrictions.

From what MAAManda said in his post above, he only found few comments about unwilling closed accounts fortunately. So it doesn't seem to be a very widespread practice if he is right. In the two comments he mentioned only one of them was complaining about not returned funds and it was "only" one week after the closure. So they don't seem to scam people like dubious exchanges and casinos, and to stay rather professional despite some complaints.