Kraken is a cryptocurrency exchange platform and bank that is based in the United States of America. It was founded in 2011 by Jesse Powell, a notable personality in the realm of cryptocurrency.
What is Kraken?
Kraken is a cryptocurrency exchange platform and bank that is based in the United States of America. It was founded in 2011 by Jesse Powell, a notable personality in the realm of cryptocurrency. According to the company, Kraken is "the world's largest bitcoin exchange in terms of the volume of transactions in euro and its liquidity." Such is the level of trust given by the cryptocurrency community that in April 2014, Kraken became one of the first bitcoin exchanges to be listed on Bloomberg Terminal.
Why Choose Kraken?
Security - Kraken's team of security experts has taken several sophisticated steps to keep not only the user's money safe but also all of their sensitive information.
Margin Trading - On Kraken, users can trade up to 5x the leverage through their Margin Trading feature. Spot transactions can amplify both gains and losses which allows for bolder and more complicated trading strategies.
Support - Kraken's support team will be holding the user's hand every step of the way. They have full-time finance specialists that are ready to help their account holders with Kraken's products and services. They have quick and reliable email and live chat support.
Kraken has a fee scheduling system and charges on a per-trade basis. They guarantee low fees for both takers and makers. 0.9% fee for any stablecoins (USDT, USDC, or DAI) and 1.5% fee for any other crypto or FX pair. They also have a 7-day free trial.
What do people say about Kraken?
Issues about Mt.Gox aside, Powell's company has been running stable since its launch in 2013. It has a relatively easy-to-use interface that's suitable for beginners. Also, the market is highly liquid so it's easy to buy and sell at market rates.