Kraken Review – the largest Bitcoin exchange in euro volume and liquidity

Kraken is the largest Bitcoin exchange in euro volume and liquidity and also trading Canadian dollars, US dollars, British pounds and Japanese yen. Founded in 2011 by Jesse Powell, this exchange has become one of the best and most secure Bitcoin exchanges. Kraken is trusted by hundreds of thousands of traders and has clients from North America, Europe and Japan. This exchange has support for an increasingly wide range of cryptocurrencies as well as fiat currencies. Kraken dedicates a huge amount of attention to the professional preparation of beginner traders, while at the same time providing for the highest level needs of the most sophisticated players in the market. Kraken is based in San Francisco, USA.

Some benefits for traders include:

  • Kraken has an excellent rank and very popular trading platform
  • Strong security with two-factor authentication
  • Very low fees compared to other more “beginner-friendly” exchanges
  • Fast execution, innovative features
  • Free deposits for Euro, Canadian dollar, and Japanese yen
  • Super fast SEPA withdraws
  • Supports margin trading
  • A mobile app for iPhone

Click here to instantly start trading with Kraken ❱❱

Platform

Kraken has a very popular platform that provides an exceptional Bitcoin exchange experience for the professional crypto traders and occasional users. This trading platform offers fast execution, innovative features, good support, and high security. Kraken supports margin trading and has very low fees compared to other more “beginner-friendly” exchanges. Fees depend on the tier in which your account belongs and are calculated as percentages of trade volumes, they range between 0% and 0.26%. Kraken exchange offers five types of accounts (aka – “tiers”). Customer funds reside in a bank account separate from Kraken’s operations account, and fees are transferred on a daily basis (customer funds cannot be borrowed). The charting package is average with several technical indicators available.

Regulation

Kraken is trusted by hundreds of thousands of traders, the Tokyo government’s court-appointed trustee, and Germany’s BaFin regulated Fidor Bank. The Kraken exchange is not under direct regulation by any agency. Kraken is based in San Francisco and has clients from North America, Europe and Japan. According to analysts, this exchange is also one of the safest that currently operate. Their security team is continually improving our end-to-end security measures, improving auditing processes, and reducing the ‘attack surface’ of their infrastructure. The company’s overall reputation is very good and Kraken stands as a reliable partner.

Supported Digital Currencies

Traders can trade Bitcoin(XBT), Ethereum (ETH), Monero (XMR), Dash (DASH), Litecoin (LTC), Ripple (XRP), Stellar/Lumens (XLM), Ethereum Classic (ETC), Augur REP tokens (REP), ICONOMI (ICN), Melon (MLN), Zcash (ZEC), Dogecoin (XDG), Tether (USDT), Gnosis (GNO), and EOS (EOS)

Deposit and Withdraw

Users can deposit and withdraw EUR, USD, CAD, GBP, Japanese Yen, bitcoins and other digital currencies. Kraken offers a free deposit for Euro, Canadian dollar, and Japanese yen. Fiat deposits and withdrawals are completed through SEPA, Swift, and bank wires (Fees vary from 0 – $10). With a tier 1 account, there are no daily or monthly limits to how much you can deposit. Kraken uses absolutely transparent and fair practices to protect all data and secure methods for funds depositing/withdrawing.

Support

Kraken has very good rank but their customer support is solid. On the official website, you can not find a live chat but you can send a message anytime via email. I have also found some reviews about Kraken’s unresponsive customer support. Kraken is active on Facebook, Twitter and Instagram.

Overview

  • The largest Bitcoin exchange in euro volume and liquidity
  • This exchange has support for an increasingly wide range of cryptocurrencies as well as fiat currencies
  • Kraken has an excellent rank and very popular trading platform
  • Very low fees compared to other more “beginner-friendly” exchanges
  • Fees depend on the tier in which your account belongs
  • No minimum deposit level
  • Kraken exchange offers five types of accounts
  • With a tier 1 account, there are no daily or monthly limits to how much you can deposit

Summary

Kraken is the largest Bitcoin exchange in euro volume and liquidity, based in San Francisco. This exchange has support for an increasingly wide range of cryptocurrencies as well as fiat currencies. Kraken has an excellent rank and very popular trading platform with very low fees compared to other more “beginner-friendly” exchanges. Fees depend on the tier in which your account belongs and are calculated as percentages of trade volumes, they range between 0% and 0.26%. Customer funds reside in a bank account separate from Kraken’s operations account, and fees are transferred on a daily basis (customer funds cannot be borrowed). There is no minimum deposit level and the leverage is only offered for some of the instruments at the Kraken Exchange. The company’s overall reputation is very good and Kraken stands as a reliable partner.

Click here to instantly start trading with Kraken ❱❱
Kraken has strong security with two-factor authentication. Customer funds reside in a bank account separate from Kraken's operations account, and fees are transferred on a daily basis (customer funds cannot be borrowed). Kraken uses absolutely transparent and fair practices to protect all data and secure methods for funds depositing/withdrawing.
Kraken headquarters - San Francisco, CA
Kraken is trusted by hundreds of thousands of traders, the Tokyo government's court-appointed trustee, and Germany's BaFin regulated Fidor Bank. The Kraken exchange is not under direct regulation by any agency. Kraken is based in San Francisco and has clients from North America, Europe and Japan.

Leave a comment

Your email address will not be published. Required fields are marked *