Kraken exchanges

The Kraken cryptocurrency exchange emerged in 2011 at the dawn of the popularization of digital money, and still exists. The company’s head office is located in San Francisco, USA. This is one of the few sites that operates within the framework of KYC and AML legislation. The platform provides the option of depositing and withdrawing fiat with minimal commissions. Cooperation with the world’s leading banks has made Kraken a popular platform for trading cryptocurrencies.

Exchange specifics

Experienced traders will not be surprised by the functionality of the platform. The possibilities of the platform are as great as NolimitWay – a lot of settings that allow you to find what you need in the shortest possible time. However, the exchange is characterized by a number of features. Let’s label them all:

• good listing of digital coins — both well-known pairs and tokens unfamiliar to a wide audience (Gnosis, Melon, Augur, etc.) are available for trading;
• high level of asset security — a significant part of cryptocurrencies is placed on “cold” wallets;
• small commissions – the exact figure depends on trading volumes (on average, from 0.16% to 0.26%);
• margin trading option — leverage for short-term positions is up to x5;
• the presence of complex verification — several levels of authentication are provided.

The interface of the Kraken cryptocurrency exchange is simple and intuitive. It has two varieties: Japanese and English. The project is aimed at traders from the USA, Japan, China and Canada. Such a measure creates numerous difficulties for representatives of other states. The list of additional functionality of the platform includes expert opinions, analysis of quotes, the study of online charts and tables. The main vector of the Kraken exchange is speculative actions.

Platform Benefits

The popularity of the site is beyond doubt. It has several million accounts, most of which are active. Many users come from Eastern Europe.

The list of other benefits of the resource includes:

• quality technical support;
• prompt resolution of problems with the account;
• a large list of virtual coins and fiat money;
• credibility and thoughtful marketing policy;
• Availability of a free guide on current topics.

The Kraken cryptocurrency exchange has several disadvantages. We are talking, for example, about the bilingual interface of the site (English and Japanese). Separately, it is worth paying attention to intricate verification. If you do not pass it, any actions on the exchange will be blocked. There is a commission fee for entering the trade balance.

Registration and verification

The registration process on the Kraken cryptocurrency exchange involves a number of sequential steps. Among them:

1. go to the official website (kraken.com);
2. mark a valid e-mail address;
3. register a login, generate an original password;
4. agree with the rules of the site, and then activate the “Sign up” option.

After completing these procedures, an email with a unique key will be sent to your email. Going to the site, you must enter it in a special field along with the captcha. Next, you need to activate your account. The functionality of the Kraken cryptocurrency exchange will become available after verification. It provides for 5 levels, from the indication of personal data to certificates confirming income (for large or corporate clients).

Thus, the Kraken cryptocurrency exchange is a convenient platform for trading digital assets. It has extensive functionality, a high level of account protection, and an accessible interface. The audience of the site is expanding, as the company operates in the legal field and guarantees the safety of cryptocurrencies.