Kraken fee credits (KFEE) are internal tokens that can only be used to pay for trading fees on our exchange. They are found exclusively on kraken.com and are labeled with the code KFEE or FEE.
How do I get KFEE?
We will occasionally offer KFEE to our clients for various reasons. If you have received a code to redeem KFEE you can follow these steps:
- After signing in to your Kraken account, navigate to Funding at the top of the page.
- Scroll Down to Kraken Fee Credit or type it in the search box.
- Click Deposit.
- Enter your Voucher code and click Redeem.
What is KFEE worth?
1,000 KFEE = 10 USD worth of trading fees on the Kraken exchange.
The trade does not need to involve USD.
How does KFEE work?
If you have a KFEE balance, it is automatically used to pay for any trading fees incurred.
KFEE essentially allows you to trade fee-free up to a certain volume.
For example, a trade worth 3,846 USD executed with a 0.26% fee would cost 10 USD. Instead of paying that 10 USD from your USD balance, 1,000 KFEE would be deducted from your KFEE balance.
How much fee-free trading can I do?
The volume of fee-free trading for a fixed amount of KFEE depends on the percentage of trading fees. Below are some examples:
|Fee percentage||Fee-free trade volume
per 1,000 KFEE
|Highest taker fee (0.26%)||3,846 USD|
|Highest maker fee (0.16%)||6,250 USD|
|Lowest taker fee (0.10%)||10,000 USD|
|Lowest maker fee (0.02%)||50,000 USD|
*Note: Maker fees can actually go as low as 0%, but in that situation KFEE wouldn't need to be used.
What else can I use KFEE for?
|Can be paid with KFEE||Cannot be paid with KFEE|
|✔︎ Trading fees
✔︎ Opening fees for margin positions
✔︎ Rollover fees for open margin positions
|✗ Kraken Futures fees
✗ Margin trading losses
✗ Bank fees
✗ Deposit fees
✗ Withdrawal fees
Does KFEE expire?
No, KFEE balances do not expire so you do not need to feel rushed to trade.