KRAKEN! REVIEW
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(96 User Ratings)
Currencies
Australian Dollar (AUD)🇦🇺
Available Cryptocurrencies
Available 100+ Cryptocurrencies
Table of Contents
Kraken is the virtual currency exchange that suits you. This company truly puts its clients first. Besides, as one of the world’s largest digital trading platforms by trade volume, this United States-based firm offers substantial features that will make you feel like you are getting the red carpet treatment you deserve as a paying customer. Thus, continue reading this online discussion to learn about what makes Kraken the best cryptocurrency exchange today and the one you should use for trading!
- Security: Kraken is known for prioritizing security and has implemented measures such as two-factor authentication (2FA) to help protect user accounts. It has a generally good reputation for security.
- Wide Range of Cryptocurrencies: Kraken supports a variety of cryptocurrencies, including major ones like Bitcoin and Ethereum, as well as many altcoins.
- Liquidity: Kraken is considered one of the more liquid cryptocurrency exchanges, providing users with better trading opportunities and potentially lower spreads.
Advanced Trading Features: Kraken offers a range of trading options, including margin trading and futures trading. It provides features such as stop-loss orders and advanced charting tools for more experienced traders.
- Staking and Earn Programs: Kraken offers staking services for certain cryptocurrencies, allowing users to earn rewards by participating in the network.
User Interface: While Kraken’s interface has improved over time, some users may find it less intuitive or user-friendly compared to other platforms, especially for beginners.
Customer Support: Customer support response times have been a concern for some users, and there have been occasional reports of delays in addressing customer inquiries.
Mobile App Limitations: Some users have reported limitations and occasional issues with Kraken’s mobile app compared to the web-based platform.
Fees: While fees on Kraken are generally competitive, they might be higher than some other exchanges, especially for certain types of transactions or trading pairs.
Occasional Downtime: Like many exchanges, Kraken has experienced occasional downtime during periods of high market activity, leading to inconvenience for users.
Background Information about the Digital Currency Exchange
- Jesse Powell is an expert in digital and global fraud and payments. Also, he specialises in cryptocurrencies and has been a veteran in this field for nearly two decades as of 2020. Powell founded Kraken in July 2011. Since then, he has served as the virtual currency platform’s chief executive officer. Powell opened Kraken for business in San Francisco, California.
- Furthermore, you will feel impressed because Kraken has metamorphosed into the most trusted virtual currency exchange in the world. Thanks to its putting its clients first. Kraken delivers quite well because as a trader, you will relish high security, quick trading execution, fantastic customer support, and other ingenious benefits when you join it.
- Moreover, you will feel impressed because this American cryptocurrency exchange has handled transactions amounting to a whopping over-US$ 140 billion since its launch. Kraken has been in the service of 4 million traders as well, and they come from nearly 200 territories, as of 2019. You will surely not regret trading at Kraken because you will discover later on that it is quite a reliable cryptocurrency trading platform with so much to offer its potential customers like you.
5 Perks of Choosing Kraken as Cryptocurrency Trading Platform
Kraken is among the first-ever major cryptocurrency exchanges in the United States. Since its opening for business in 2011, it has become one of the world’s largest virtual currency trading platforms by trade volume. You will appreciate your time trading at this California-headquartered firm because you will get the following advantages:
You can select from a massive range of digital coins to trade.
Kraken is one of the most versatile cryptocurrency trading platforms in the world. You will find roughly 34 cryptocurrencies you can choose from for trading. They include:
- Bitcoin (BTC)
- Ethereum (ETH)
- Ripple (XRP)
- Bitcoin Cash (BCH)
- Eos (EOS)
- Litecoin (LTC)
- Cardano (ADA)
- Stellar (XLM)
- Dash (DASH)
- Tether (USDT)
- Tron (TRX)
- Monero (XMR)
- Ethereum Classic (ETC)
- ICON (ICX)
- Qtum (QTUM)
- OMG Network (OMG)
- Zcash (ZEC)
- Lisk (LSK)
- Nano (NANO)
- Siacoin (SC)
- Waves (WAVES)
- Augur (REP)
- Dogecoin (DOGE)
- Basic Attention Token (BAT)
- Chainlink (LINK)
- Gnosis (GNO)
- Melon (MLN)
- Dai (DAI)
- Cosmos (ATOM)
- Tezos (XTZ)
- USD Coin (USDC)
- Algorand (ALGO)
- PAX Gold (PAXG)
- Orchid (OXT)
You can enjoy having your local currency supported and the various accepted deposit methods.
At Kraken, you will encounter a massive range of fiat money supported. It has 56 currency pairs, and the fees are a part of each transaction you make. These benefits are truly convenient for you as a trader because you will find support for all the major currencies.
Kraken supports the following fiat money:
- US Dollar (USD)
- Euro (EUR)
- British Pound (GBP)
- Japanese Yen (JPY)
- Canadian Dollar (CAD)
- Swiss Franc (CHF)
- Australian Dollar (AUD)
Furthermore, the United States-based virtual currency trading platform accepts the following payment or deposit methods:
- Electronic Funds Transfer
- Wire transfer
- Osko
- PayID
- Ethana Custody
You can feel secured with the platform’s utilisation of the Two-Factor Authentication or 2FA.
When you log in to the Kraken system, the 2FA ensures that you get the protection you need as a trader.
- (D) You will commend the cryptocurrency exchange’s legitimate operations and plenty of other offerings.
Since its opening, Kraken has garnered praises as among the world’s largest digital currency trading platforms by trading volume. Also, plenty of traders regard it as one of the most legitimate trading sites.
You will also laud Kraken because, aside from cryptocurrency trading, you get to trade in plenty of other ways. The virtual currency exchange presently offers the capability to trade in dark pools, retail, spot, and futures.
Also, you can engage in margin trading, indices markets, derivatives over-the-counter or OTC desk, and other extra tools like Kraken’s Cryptowatch.
- (E) You get round-the-clock support.
Kraken provides its customers with assistance 24 hours a day, seven days per week, and 365 days a year. That is right. You will never have a hard time getting help in this cryptocurrency exchange. Also, if you are an advanced trader, you can relish Kraken’s offering of account management services.
As you can see, these offerings tell you that Kraken has you in mind as a customer. It is truly the digital currency trading platform you must try if you have not done so yet. Otherwise, you might find yourself missing out a lot with these must-experience benefits!
How to Begin Trading at Kraken?
If you want to try trading at Kraken, you can begin your pursuit hassle-free. You just follow these four easy-to-do steps:
Step 1: Go to www.kraken.com.
Then, click “Get Started.” At the account creation page, supply your e-mail address, chosen username, and password. Also, select the country of your residence where you are presently staying.
Step 2: Supply your personal information, or get yourself verified.
At the account settings page, add your personal information. You will find three verification levels and the details you will have to give depend on the tier of verification you require.
Remember that you cannot trade at Kraken if you cannot provide the following personal details necessary for all authentication levels:
- Name
- Date of birth
- E-mail address
- Phone number
- Home address
If you want yourself to get verified to a higher stage, this is the only instance when you have to give some documents.
Step 3: Deposit your funds.
Before you can trade at Kraken, you will have to make a deposit. Log in and head to the “Funding” page to deposit your money.
In this page, you will view the available deposit choices. Select your chosen deposit method. Then, follow the directions given to deposit the amount of the currency you prefer.
Step 4: Commence trading.
After you have performed the three steps, you are now all set to trade virtual currencies at Kraken.
Go to the “Prices” page to access the markets. Then, click through your chosen combination. The available choices comprise margin trading, a market buy and sell, limit orders, and many others.
At Kraken, you can maximise your cryptocurrency trading experiences. You can accomplish this by getting yourself familiarised with the trading options available.
FREQUENTLY ASKED QUESTIONS
If you experience any glitches or problems while trading, Coinmama has a contact “Contact Us” page where you can submit our concerns or queries. Also, you can reach out to the customer support team via their e-mail address, which is [email protected]. Coinmama features an online Help Centre as well. This section offers the answers to your frequently asked inquiries. These pieces of information can be about becoming an affiliate, the verification process, and information and assistance for beginner cryptocurrency traders. At the Help Centre, you can also obtain answers to your queries about your account and security, virtual currency trading, and problems with ordering.
Yes, it is not risky to use Coinmama. This registered financial service company is in Slovakia and has been in operations selling cryptocurrencies since 2013. Coinmama utilises several significant security measures. These protective mechanisms make sure that the funds of their clients are safe. These safety measures comprise the clients’ personal and financial information and documents getting encrypted. Plus, Coinmama never stores the credit card information of their customers on the servers or the cryptocurrency exchange.
You can avail of your preferred cryptocurrencies at the virtual currency trading platform by following these five easy steps: a. Create an account. You will have to supply your personal details when registering, such as your name, proof of identification, country of residence, and e-mail address. b. Input your transaction information. You will need to indicate which cryptocurrency you desire to avail of and how much you intend to buy. c. Select your method of payment. You need to choose whether you will settle your transaction using a debit card, credit card, or other accepted modes of payment to pay for your purchased cryptocurrency. d. On the payment form, supply your bank card information. You will have to give your credit or debit card details on the payment form. Then, you should follow the prompts. e. Submit your payment. This last step involves you completing your payment and confirming your digital currency wallet address. Coinmama sends the virtual coins right away after it confirms both of your wallet address and payment.