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!
A) 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:
(A) 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)
(B) 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
- Ethana Custody
(C) 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!
C) 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:
- 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.