Kraken exchange: Kraken the largest platform for trading cryptocurrencies
Nowadays, kraken exchange is the most using platform to buy and sell crypto exchange. Kraken exchange platform was founded by Jesse Powell and Thanh Luu in 2011 but the company officially launched cryptocurrencies exchange in 2013. Kraken exchange enables users to buy and sell cryptocurrencies in convenient way.
Since 2013, kraken exchange has increase their customer and offering bitcoin, Litecoin, euro trades. Recently, Kraken has served approximately 9 million clients in 200 countries as well as the Kraken exchange allowing investors to buy over 100 crypto currencies.
Kraken exchange has proclamation to launch NFT Non fungible token in the market. Mobile and desktop both offers by the platform for users.
On Wednesday, Kraken exchange co-founder and CEO stepped down from his role of CEO. Now The company COO “Dave Ripley” will soon take over the post of CEO.
Kraken Exchange: How to create account on kraken
Want to create account on kraken you have to follow these steps:
- Visit kraken officially website on kraken
- Click on sign in on button upper right corner of your device
- Then follow up the sign in further process add your email address, username, and create a strong password and then click on create account.
- After that you will receive an email from kraken to activate your account and activation key
- Enter activation key on activation form
- Last step enters your conform password and click on activate account button
“You have to go for another verification step if you do not want to not only peep around the interface after that this verification you can actually get use of kraken exchange service”
Kraken ask different type of level verification after the process of creating account and it totally depend what services you wan to use. After that full verification level you get access to more features but it will take more of your time in document verification.
After verified your account then you can easily buy and sell cryptocurrencies on kraken exchange. You just need to add fund to your kraken account.
Kraken Exchange platform pros
Kraken is the repudiated platform to exchange cryptocurrencies but Everything has its advantages or disadvantages. So firstly, let is start with some pro of kraken platform.
Security
Hacking is now the most common issue around the world, but imaging facts about the Kraken platform has not been hacked since its inception in 2013. It is just happening because its solid security.
Kraken exchange provide a solid verification process during the creating account process. Whenever you away from platform you can use global time lock setting to protect your account.
Kraken also claim that it service monitor around technological surveillance tools and also says 95% of deposit always held in cold storage.
Kraken low fees service
Like other crypto exchange companies, Kraken is also taking fees for buying cryptocurrencies.
Kraken offers low fees service and high trading limits for their clients. Kraken offers two methods to buy crypto one is kraken pro and instant buy. Easiest way to buy a crypto from kraken you can do crypto to crypto and crypto to money transaction.
If you buy stable coins with another stable coins you have to pay 0.9% fee and up to 15% if you buy a stable coin with nonstable crypto. You will also be subject of a fee for transferring money from your account to the Kraken exchange at the time of the transaction.
It has been said “Compared to other cryptocurrency exchanges like Coinbase the Kraken Exchange still charges the necessary fees.”
Range of cryptocurrencies
Kraken company has deals with seven fait currencies and over 160 coins. At kraken you will not find the biggest selection of digital currency, but it can be comparable to the best cryptocurrency platform. Many brokers only offer a handful of well-know coins so that is step up for them. It is easier to buy and sell at fair price.
Cons of kraken
Kraken is not for beginner is investor
Kraken exchange has cons that may not make it fit your needs. For the beginners investor who do not know anything about Cryptocurrency trading but wants to trader so kraken do not have good educational source from their beginners clients. This platform is designed for more advanced trader with all of its advanced features.
Beginners investor finds it difficult to adjust because of so many functionalities, and so many coins.
Kraken not available worldwide
The kraken exchange platform is cannot be access in new York and Washington state. This naturally means reducing Krakens reach and making sure investors can access Krakens services in their own country. Lack of service is a serious disability in some areas.
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