About KrakenLaunched in 2011, Kraken is the largest crypto exchange platform in terms of Euro volume and liquidity. The exchange allows traders to buy, sell, and trade Bitcoin (BTC) alongside other altcoins and fiat currencies. Traders can maximize trading opportunities with Kraken’s long list of trading pairs, markets, and margin trades.
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Kraken is a well-known in the crypto exchanges market. It offers a selection of fiat, Bitcoin, and altcoin pairs. Founded in 2011, the United States-based site is the largest Bitcoin exchange in euro volume and liquidity and also trading CAD, USD, GBP, and JPY. It constantly receives praise for being the first Bitcoin exchange to have trading price and volume displayed on the Bloomberg Terminal. It is also the first to pass a cryptographically verifiable proof-of-reserves review, which help strengthen its credibility even more.
Platform software
The Kraken software works well with all types of traders. Both professional and beginner traders will find its interface simple. All the functions needed are displayed. Everything is nicely laid out. The visual appeal is superb. If it is your first time trading bitcoins, expect seamless trading from start to finish thanks to the intuitive interface.
Everything that will make your trading experiences convenient is provided by the site. There are plenty of charts you can use for research and market predictions. There are help pages that bring more insights. You also get access to competent team of representatives. Simply head to the support page and contact any of the available chanels.
Trading
Trading is clear and easy. The operations are similar to any popular Bitcoin exchange. All trades are charged for maker and taxer. The rates begin at 0.16% for the maker and 0.26% for the taker. If the trading volume goes up, the fees can decrease to 0.00% and 0.10% respectively.
There are 10 available crypto coins for trading. It is also possible to perform direct trades between all the pairs present. With five fiat currencies, the exchange provides flexible trading options for all users.
One great feature of Kraken is the margin trading. This gives traders the ability to influence their account balance on certain trading pairs. Make the most of this feature and you might unlock better profit-making opportunities.
The site accepts payment sand withdrawals through SEPA, Swift, JPY Bank Transfer, and numerous crypto options.
Verification
Kraken uses a simple verification process. Keep in mind that the processes are strict when it comes to higher tier verifications. There are four tiers present. The first two tiers can complete the process in a few minutes. The third tier requires a few days before completion. The fourth and final tier imposes higher funding limits.
Security
When it comes to your safety, Kraken makes sure that you have the best of the best. It is one of the most secure exchanges in the world thanks to modern technology. It holds the majority of funds in a cold storage. All servers are secure and held in protected facilities.
The site has two-factor authentication. It has PGP encryption for e-mail communication and global setting lock. This prevents any account changes over a certain period of time.
Conclusion
Overall, Kraken is a great option for traders with all kinds of needs and wants. The platform features lots of tools that can help you take off smoothly. The site is reliable. The site is trustworthy. There’s nothing for you to worry about. All you have to do is learn the ups and downs of the market. Seize every opportunity. Do this and have a profitable future ahead of you.
If you wish to push through, all you have to do is fill up the registration form. Provide the necessary details. Deposit using any of the available methods. Be part of the trading ecosystem and unlock different streams of income.
