Introduction to Crypto Currency Trading

Introduction to Crypto Currency Trading

Cryptocurrency (also called digital money and assets) exchanging is the purchasing, selling or holding of digital currencies like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) among others, determined to produce a benefit from short, medium or long haul vacillations in their costs.

 

Exchanging on the Kraken stage can be performed by trading money, for example, USD, EUR and CAD for digital currency or trading one Digital Money for another.

 

Assuming you are new to the universe of cryptographic money exchanging, Kraken has assembled various assets that might assist you with getting everything rolling, these include:

 

Also Read: South Korean Crypto Exchanges See Rise in Complaints, More People Turn to Home Mining!

 

Buying, selling and converting cryptocurrency with the Kraken app

 

Once you have funded your account, either tap or swipe right on an asset on the home page. You can then tap "Buy" on the tile and enter the amount you'd like to purchase. Simply review your order details and swipe to confirm your order.

 

Tapping the "Pay with" area in either the sum information or affirmation screen allows you to look over changed monetary standards, as well as installment cards.

 

When your buy has been handled, tapping the showed balance drives you to the exchange history page.

 

Also Read: A new update for all Crypto Investors: SEC's proposed rule on trades could compromise DeFi, says Cry 

 

To sell a resource, either tap or swipe left on a resource on the landing page. You can then tap "Sell" on the tile and enter the sum you might want to sell. Essentially survey your request subtleties and swipe to affirm your request.

 

To trade one cryptocurrency for another, open the activity menu and press "Convert". Select the monetary forms you might want to change over and enter the sum. Press survey to see the subtleties of the change, and swipe to affirm.

 

How  to deposit cryptocurrencies to your Kraken account

 

Before being able to deposit any digital assets or cryptocurrencies, your account must first be verified to the Starter level or higher.

 

Also Read: US Seizes $3.6 Billion in Bitcoin Stolen in 2016 Hack

 

Once you're verified, you can deposit any of the supported digital assets and cryptocurrencies by following these steps:

 

View step-by-step deposit instructions

 

Note:

1. If you didn't include the correct tag or memo, please create a support ticket.
2. The only way for a deposit address to be removed is for it to expire. Valid transactions sent to an expired deposit address can still be credited minus a fee.