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Kraken Reviews

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Kraken is one of the world’s oldest Bitcoin exchange. It was founded in 2013 and quickly became a popular cryptocurrency exchange. It is headquartered in San Francisco, California. The platform is known for its low transaction fees and is one of the largest Bitcoin exchanges in terms of euro volume and liquidity.

About Kraken

How Kraken Works

Kraken is mainly a trading platform offering spot and margin trading for its users. Kraken’s interface offers plenty of options, For example, Kraken offers Over The Counter (OTC) services for high volume traders. When you become a regular high volume trader, Kraken provides you with a dedicated account manager to take care of your trading needs. Kraken also offers a service called a dark pool. With this feature, each trader only knows their own orders and they anonymously place large buy or sell orders without revealing their interest to other traders. Our general verdict is that Kraken’s main strengths are its low fees, advanced features, and strong security.

Coins supported on Kraken

Kraken supports the following coins:

Bitcoin (BTC), Bitcoin Cash (BCH), Dash (DASH), Dogecoin (DOGE), Litecoin (LTC), Stellar Lumens (XLM), EOS (EOS), Ethereum Classic (ETC), Ethereum (ETH), Gnosis (GNO), Iconomi (ICN), Melon (MLN), Augur (REP), Tether (USDT), Monero (XMR), Ripple (XRP), Zcash (ZEC), Cardano (ADA), Cosmos (ATOM), Qtum (QTUM), Tezos (XTZ)

Kraken Fees & Limits

Kraken is famous for charging the lowest for transactions. The fees are determined on the 30 days’ trading volume of a user. In general, spot trading fees range from 0.26% – 0.06%. Stablecoin trading range from 0.2% – 0%. Dark pool fees range from 0.36% – 0.2%.

You can read more about Kraken limits and fees from its website.

Kraken Deposit Methods

* How To Deposit Money In Kraken Quick And Safely

First, you need to know that all actions you are doing in Kraken are safe as it is enforcing several security factors like two-factor authentication, master key, global settings lock, and strong passwords. Then, you can start depositing by creating your account on Kraken, and follow us for more details!

* How Can I Deposit on Kraken?

Before doing any deposit on Kraken you need to verify your account and then do the following:

  1. Navigate to ‘Funding’
  2. Tick "Show all assets" or use the Search bar and type the asset you wish to deposit.
  3. Click on "Deposit" for the currency you wish to deposit.
  4. Read the instructions carefully.
  5. Make sure that the cryptocurrency deposit you wish to make fulfills the minimum deposit requirements specified on the page.
  6. You will have to generate a new deposit address if it is your first deposit.
  7. Once you have initiated a valid transaction from your wallet, the deposit will be credited to your account.

Kraken Withdrawal Methods

* How To Withdraw Money From Kraken?

To withdraw you need to do the following:

  1. Log in to your Kraken account, navigate to "Funding".
  2. Tick "Show all assets" or use the Search bar and type the asset you wish to withdraw.
  3. Select "Withdraw" for the digital asset/cryptocurrency you wish to withdraw.
  4. Read the instructions carefully.
  5. Select the address
  6. Enter the amount you would like to withdraw in the "Amount" field.
  7. You will see a confirmation with your withdrawal ID and receive an email notifying you that a withdrawal from your account has been requested.

* Kraken Deposit and Withdraw Options

Kraken allows the customers to use any of the following payment methods:

  • Wire Transfer
  • Bank Transfer (SEPA)
  • Electronic Fund Transfer (EFT)
  • Cryptocurrency

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How Can I Become a Member of Kraken?

Creat you account on Kraken to be a member with them. Click the given sign up link on and follow the steps to create an account easy and fast. The link will direct you to Kraken. Follow the give instructions and set up your account.