Supports a variety of currencies
User friendly interface
Kraken is one of the largest and most secure US-based cryptocurrency exchanges. This versatile platform is sophisticated at the backend and simple at the front. It caters to the needs of both a professional trader and a crypto-beginner. Founded by Jesse Powell, Kraken’s feature-rich trading platform provides a comprehensive solution to buy and sell digital assets, and access many trading features such as margin trading and OTC options.
Kraken provides a wide variety of trading options that range from the regular limit orders and stop-loss orders to several advanced features like margin trading and dark pool. Kraken not only supports crypto to crypto trading but also between cryptocurrencies and fiat currencies, making it a great fiat-to-crypto gateway. The following are some of the unique features specific to Kraken.
Kraken is accepted worldwide, but some exchange features are restricted to certain regions/jurisdictions.
Kraken adopts the maker-taker fee model, and the fees are determined based on the past 30 days’ trading volume.
With low transaction fees and great security aspects, the veteran exchange - Kraken is here to stay.
“Kraken is a leading digital currency exchange for “serious and professional traders.” The platform is designed with the sophisticated trader in mind and provides access to many sought-after features such as fast execution speed, margin trading and deep liquidity.”
Kraken is perfect for professional and expert traders, but not so easy for beginners. Also, it does not support debit cards, unlike some other exchanges. (Ex: Coinbase)
Kraken is a US-based cryptocurrency trading platform founded by Jesse Powell in 2011. Kraken supports crypto-crypto and fiat-crypto trades.
Though Kraken is aimed at more advanced traders, it also works well for beginners. Kraken’s exceptional customer support team aids those who may be unfamiliar with the trading terminologies to get started.
Kraken does not currently support credit cards, debit cards or PayPal.
Kraken is a cryptocurrency exchange and not a wallet service. However it allows users to hold funds in their Kraken account. The stored funds are either being exchanged or used for trading.
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