United States
|10-15 years
Suspicious Regulatory License|
Japan Digital Currency License Unsubscribed|
High potential risk
https://www.kraken.com/
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The number of this Exchange's nagitive field survey reviews has reached 3, please be aware of the risk and the potential scam!
JapanFSA (License No.: 関東財務局長 第00022号) The regulatory status is abnormal, the official regulatory status is Unsubscribed, please be aware of the risk!
It has been verified that this Exchange currently has no valid regulation, please be aware of the risk!
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kraken Review | |
Founded | 2011 |
Regulations | FSA |
Cryptocurrency Available | 228 |
Fees | 0.16%-0.26% |
Payment/Funding Methods | cryptocurrency and bank transfers |
Customer Support | 24/7 live chat, telephone, social media, email |
Kraken is a digital currency exchange platform that was founded in 2011. Users may buy, sell, and trade digital assets on Kraken using a wide range of cryptocurrencies. The trading platform used by the site is called Kraken Pro. Users have access to a variety of methods for making deposits and withdrawals, including bank transfers and cryptocurrency deposits and withdrawals. Additionally, the site offers tutorials and instructional materials to assist customers in navigating the bitcoin trading environment. Additionally, the platform offers 24/7 customer support via email and live chat.
Pros | Cons |
• Valid regulation | • Limited payment options |
• Security measures available | |
• Wide range of cryptocurrencies available | |
• User-friendly trading platform with advanced features |
Pros Revealed
• Valid regulation
The exchange has been regulated by Financial Services Agency ( FSA ) in Japan.
• Security measures available
The platform implements various security measures, such as encryption and two-factor authentication, to protect users' funds and personal information.
• Wide range of cryptocurrencies available
Kraken offers a wide variety of cryptocurrencies for trading. Users can access popular cryptocurrencies such as Bitcoin, Ethereum, Ripple, Litecoin, and Stellar, as well as lesser-known digital assets.
• User-friendly trading platform with advanced features
The platform's trading interface, Kraken Pro, is simple to use and understand. To improve customers' trading experiences, it offers advanced trading services such as real-time market data, charts, and order kinds.
Con Revealed
• Limited payment options
While Kraken supports various deposit and withdrawal options, including bank transfers and cryptocurrency deposits/withdrawals, it may not offer as many payment options compared to some other exchanges.
As of August 2023, Kraken is regulated by the Financial Services Agency (FSA) in Japan, with a digital currency license.
WikiBit acquires regulatory information via a number of avenues, such as official regulatory websites, public records, and direct communication. The platform's staff cross-references data from many reliable sources to confirm the validity of regulatory licenses and certificates.
WikiBit seeks to provide reliable and precise regulatory information to assist traders in making judgments whether selectingexchange/token/project.
Kraken asserts that it protects clients' NFT and crypto asset investments in a thorough manner.
To stop the theft of money, non-financial assets, or information, the team of professionals claims to have developed a variety of advanced safeguards.
To increase confidence and transparency in the assets stored inside our exchange and on-chain staking service, Kraken occasionally collaborates with an external auditor to undertake Proof of Reserves audits. You can go into your account and confirm that, at the time of the audit, Kraken had possession of the covered tokens in your account. At the system and data levels, all sensitive account information is encrypted at rest.
Kraken, a leading cryptocurrency exchange, offers a diverse array of trading assets that cater to the evolving needs of the digital asset community.
NFT Marketplace: Dive into the realm of non-fungible tokens (NFTs) on Kraken's exclusive marketplace. Discover unique digital assets, from digital art to virtual real estate, and be part of the growing NFT revolution.
Margin Trading: Amplify your trading potential with Kraken's margin trading feature. Borrow funds to increase your position size and potentially enhance your profits. But beware, as this comes with increased risk—master the art of margin trading for optimal results.
Futures Trading: Step into the future of trading with Kraken's futures platform. Speculate on the price movements of cryptocurrencies and other assets with leverage, opening up new possibilities for both seasoned traders and those new to the game.
OTC Trading: For those seeking privacy and large volume transactions, Kraken's over-the-counter (OTC) trading desk provides a discreet and efficient solution. Execute trades seamlessly, away from the public eye.
The company provides clients 228 types of cryptocurriencies, and the top 5 most popular cryptocurrencies are Bitcoin (BTC), Ripple (XRP), Ethereum (ETH), Cardano (ADA), Solana (SOL).
Some other notable cryptocurrencies available on Kraken include Tether (USDT), Polygon (MATIC), Polkadot (DOT), SHIBA INU (SHIB), EOSIO (EOS), Phala (PHA), Acala (ACA), Fantom (FTM), Qtum (QTUM), among many others.
Kraken extends its commitment to cryptocurrency enthusiasts beyond trading, offering a suite of complementary services that enhance the overall user experience.
The Kraken app brings the world of cryptocurrency trading to your mobile device, providing a user-friendly interface and essential features on the go. With real-time market data, seamless order execution, and portfolio tracking, the app ensures you stay connected to the crypto market anytime, anywhere. To download the Kraken app, visit the App Store (for iOS) or Google Play Store (for Android). Search for “Kraken” in the respective store, locate the official app, and tap “Download” or “Install.” Once installed, log in to your Kraken account or create one to unleash the power of crypto trading in the palm of your hand.
With volume incentives based on your activity over the last 30 days, Kraken implements a maker-taker fee structure. Fees are reduced with larger trading volume. For instance, the maker costs vary from 0.16% to 0.26% for customers whose trading volume in the previous 30 days was below $50,000, while the taker fees range from 0.26% to 0.36%. The costs drop as the trading volume rises, with the lowest maker charge at 0% and the lowest taker fee at 0.10% for customers who have transacted more than $10 million in the previous 30 days.
30 - Day Volume (USD) | Maker | Taker |
$0 - $50,000 | 0.16% | 0.26% |
$50,001 - $100,000 | 0.14% | 0.24% |
$100,001 - $250,000 | 0.12% | 0.22% |
$250,001 - $500,000 | 0.10% | 0.20% |
$500,001 - $1,000,000 | 0.08% | 0.18% |
$1,000,001 - $2,500,000 | 0.06% | 0.16% |
$2,500,001 - $5,000,000 | 0.04% | 0.14% |
$5,000,001 - $10,000,000 | 0.02% | 0.12% |
Kraken does not charge any deposit fees for cryptocurrency deposits, regardless of the amount.
Customers may make immediate purchases using a digital wallet, a bank transfer, or a compatible credit or debit card. Depending on the method used, the processing time for deposits and withdrawals on Kraken might change. Deposits made using cryptocurrencies are normally handled fast.
However, sometimes transaction confirmations are needed before the money may be credited. Deposits made in fiat money, particularly bank transfers, may take longer to complete since other financial institutions are involved.
The processing time for withdrawals might vary based on the method used, much like it does for deposits. Withdrawals of cryptocurrencies are normally carried out swiftly; the length of time depends on network confirmations. Withdrawals made in fiat currency may take longer to process depending on the destination bank and the particular withdrawal method used.
Buying Cryptos on Kraken Pro: Step-by-Step Guide (PC)
Buying Cryptos on Kraken Pro: Step-by-Step Guide (App)
Exchange | |||
Fees | 0.16%-0.26% | 0% - 3.99% | 0.012%-0.10% |
Cryptos Available | 200+ | 200+ | 350+ |
Website | https://www.kraken.com/ | https://www.coinbase.com/ | https://www.BINANCE.com/en |
Q1: Is Kraken suitable for you?
A1: Kraken is suitable for beginner traders, experienced traders, and institutional traders. It offers a user-friendly interface and educational resources for beginners, advanced trading features for experienced traders, and dedicated services for institutional traders.
Q2: Does Kraken have any trading platform?
A2: Yes, Kraken provides Kraken Pro for clients.
Q3: Can you trade NFTs on Kraken?
A3: Yes.
2021-08-24 04:48
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