Kraken
- Overview
- Security
- User Experience
Volume 24H: BTC/USD 3,247.57/24h
Kraken is one of the biggest US-based digital asset exchange platforms in the world, being considered one of the top players in the industry. Users can trade Bitcoin (BTC) and Ethereum (ETH) in exchange for EUR, USD, CAD, GBP, and JPY. Also, Kraken offers leveraged trading on US-based Bitcoin and Ethereum exchanges. This platform is heavily backed by venture capital groups like SBI Investment.
Kraken has received heavy investments, having a nice design and good UX features. It's suitable for inexperienced traders, since it has a very thorough FAQ section where users can find a lot of information about its many trading functions.
Crypto Currencies Support
- BCH
- BTC
- DASH
- DOGE
- EOS
- ETC
- ETH
- GNO
- LTC
- USDT
- XMR
- ZEC
Traditional Currency Support
- CAD
- EUR
- JPY
- USD
Language Support
- English
- Japanese
Country Support
- Australia
- Canada
- European Union
- Hong Kong
- Japan
- Most Africa
- Most of Asia
- Most of Eastern European Union
- Most of Latin America
- Most of the Middle East
- New Zealand
- Norway
- Russian Federation
- Singapore
- Switzerland
- Turkey
- United Kingdom of Great Britain and Northern Ireland
- United States of America
Platforms Systems
- — Api
- — Mobile App
- — Web Interface
Stock Market Options
Kraken's servers reside in locked racks, in locked private cages, inside a top-tier professional data center: this means armed guards, video surveillance, and retina scans. Kraken declares that it holds full reserves, developing a state of the art auditing process in order to maintain its reputation as being liquid at all times. All new deposits go directly to cold wallets with air-gap isolation.
Summary:
| 2 Factor Authentication | Yes |
| Funds Insured | Fdic Insurance Up To 250 000 Applys To Fiat Currencies Only, 3rd Party Insurance, Atleast 80 Of Funds Are Kept With A Registeredcustodian |
| Private Keys Stored On | Exchange Platform |
| Storage Type | They Claim To Hold User Funds In Cold Storage But Are Not Specific About It |
Kraken is one of the largest digital asset exchange platforms, operating in Canada, EU, Japan, and the US. Currently this platform oversees the claims of lost Bitcoins on Mt Gox. The CEO and co-founder of this company is Jesse Powell, a Bitcoin enthusiast and founder of Verge Center for the Arts in Sacramento, California. Kraken has been subject of many debates in the news over the years.
Summary:
Kraken is definitely one of the biggest online exchanges, having received large investments through venture capital funding over time. Although the platform tends to get sluggish from time to time, slowing down transactions, Kraken remains one of the best choices for digital asset trading, having solid security, extended trading features, and overall positive feedback from users.
| Ease of use | Developed |
| Transaction Fees | Between 0.10-0.26% Depending On Volume |
| Deposit/Withdrawal Fee | 0-0.09% |
| Deposit/Withdrawal Fee For Bank Transfer | 5-10$/deposit, 5-60$/withdrawal |
| Deposit/Withdrawal Fee For Credit Card | N/A |
| Deposit/Withdrawal Fee Charged For 3rd party Payments | N/A |
| Anonymous Trading | No |
Deposit/Withdrawal Options:
Deposit from bank account, Withdrawl funds to bank account, Send/Receive Crypto
Functionality:
Kraken offers extensive functionality for professionals and lots of trading pair options. The platform provides advanced stock market features through the account tier level upgrades. Kraken has high liquidity, offering fast funding and low fees for Bitcoin dark pool. The advanced order types and margin trading leverage of up to 5x will suit the needs of any trading professional.
Most common customer complaint:
— Some users complain of platform errors and slow response time on transactions.