Kraken Review

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Kraken Review
Kraken Review

Kraken Review – Secure Cryptocurrency Exchange And Trading Platform

Founded by Jesse Powell in 2011, Kraken is a well-established name in the crypto industry. In fact, the founder of Kraken himself a well-known name in the digital currency space since the start of the 21st century. Kraken is known for its general security, multiple features, slick UI, and cheaper transaction charges. Kraken stepped forward and took care of various claims when the bitcoin industry lost one million bitcoins during the famous Mt. Gox hack.

Kraken has extended its services in European Union, United States (excluding New York), Japan, and Canada. Kraken offers the latest security measures, high liquidity, and 24/7 customer service to its users. The company claims that it insures/backs all the users’ funds, and regular audits are employed to cryptographically verify all the funds.

Kraken is a strong advocate of promoting cryptocurrency so that it is accepted globally and people can get maximum benefits from its financial features. The company is one of the fastest-growing entities and prefers hiring people who share the same ideologies about promoting crypto globally.

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Important Features

Advanced Platform

Kraken is an advanced platform for all types of users and has all types of technical features such as margin trading or spot trading. This platform is like a heaven for experienced users, but beginners may find it a little confusing because the company offers so many options. That is why, if you are a beginner, you need to be very careful about it.

“Dark Pool” Order Book

It is an order book that is not visible to the rest of the market. That said, a trader will just have the information about orders he/she made and nothing else. This allows the users to make bigger orders (buy or sell) without being exposed to others.

The reason for this feature is simple. Bulk orders, when noticed by the traders, can change the dimensions of the market, and this can affect the process of filing your order at fair or good prices. The dark book helps in negating this issue.

OTT Services

This service is only available to “big traders.” That said, if you trade in huge volumes, the company will provide you one-to-one services. They will appoint a personal account manager for your account to assist you in trading.

Staking

The company is also offering a staking service. With this service, users can get a return on their proof-of-stake assets. These assets will otherwise sit idle if they are not used.

Kraken Review - Bitcoin & Cryptocurrency Exchange And Trading Platform

Kraken Fees

As mentioned earlier, Kraken has the lowest fees when compared to many other famous crypto exchanges. Their fee is generally based on the maker/taker model. That said, the fee you pay will depend on your trading volume in the last thirty days.

Makers pay a relatively lower fee as they create limit orders on the exchange. On the other hand, takers who fill the orders pay a little extra. The spot trading fee may range from 0.26 percent to 0 percent, while the value for stablecoin is 0.2 percent to 0 percent.

If a user chooses the Dark Pool method for trading, the fee may range from 0.36 percent to 0.2 percent. However, it is better to keep an eye on their fee schedule because they update it constantly.

Fund withdrawals or deposits are sometimes also charged for a fee. Their deposit methods include bank transfer, SWIFT, SEPA, and wire transfer, and the process may take 1-5 days.

Moreover, cryptocurrency depositing is free, but the user may have to pay a regular or usual blockchain fee. Also, SEPA is free for fiat deposits, and that is why Kraken is a suitable option for EU users. On the contrary, US bank transfers are more expensive, and you may have to pay $10-$25 as a fee.

Pros

  • Proof-of-reserves audit
  • Easy and smooth design
  • Dark pool orders
  • Diverse features
  • Very popular in the experienced traders

Cons

  • Not very suitable for beginners
  • The identity verification process is slow.
  • No Master/VISA card deposits

Conclusion

You can be a member of this company the next minute. All you have to do is to sign up and send in some Bitcoins. Your profits start calculating the moment you successfully make a deposit.

Visit the Official Kraken website


FAQ

  • How do you buy Bitcoins on Kraken?

    – Sign up to Kraken
    – You can buy Bitcoin using cash: you can link your debit/credit card or bank account

  • Is Kraken safe?

    Kraken is considered a safe exchange that allows user account protection via the use of Two Factor Authentication (2fa).

  • How can I withdraw money from Kraken?

    Kraken supports multiple different payment methods. Select the fiat currency you’d like to withdraw and the payment method.

Visit the Official Kraken website

Kraken score
  • 9.7/10
    Cost - 9.7/10
  • 9.8/10
    Support - 9.8/10
  • 9.8/10
    Reliability - 9.8/10
9.8/10

Kraken Summary

Founded by Jesse Powell in 2011, Kraken is a well-established name in the crypto industry. In fact, the founder of Kraken himself a well-known name in the digital currency space since the start of the 21st century. Kraken is known for its general security, multiple features, slick UI, and cheaper transaction charges. Kraken stepped forward and took care of various claims when the bitcoin industry lost one million bitcoins during the famous Mt. Gox hack.

Kraken has extended its services in European Union, United States (excluding New York), Japan, and Canada. Kraken offers the latest security measures, high liquidity, and 24/7 customer service to its users. The company claims that it insures/backs all the users’ funds, and regular audits are employed to cryptographically verify all the funds.

Kraken is a strong advocate of promoting cryptocurrency so that it is accepted globally and people can get maximum benefits from its financial features.


? KRAKEN BEST EXCHANGE FOR BUYING & TRADING CRYPTO ?

? BEST CRYPTOCURRENCY EXCHANGE FOR US INVESTORS

Visit the Official Kraken website

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