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An Abstract Introduction to Kraken Exchange
Jesse Powell established Kraken to provide the crypto enthusiasts a quick, reliably and securely investing platform.
Like Binance, Huobi Global, Okex, and Bittrex, Kraken is also one of the high ranking and oldest crypto exchanges in the world of cryptocurrencies. Kraken is one of the leading platforms in the blockchain revolution since 2011 and is one of the best places to buy and sell bitcoins and altcoins.
Kraken offers its traders the financial course to enhance crypto education and experiences. Kraken crypto exchange is considered to be one of the serious crypto trading platforms and is approved by MtGox trustee.
Some of the prominent features of Kraken are listed as,
Some of the famous features are,
Kraken provides 24/7 customer supports to assist its users.
Kraken has heavily invested in user’s crypto assets security and privacy. To ensure maximum security, Kraken has deposited 95% of assets in coin safe storage, 24/7 physical and video surveillance of servers, information security, and Penetration testing system.
Kraken’s exchange provides margin trading by offering leverage to go long or short on various cryptocurrencies by up to 5x i.e, users will have five times the earning potential compared to a regular trade.
FAQs about Kraken Crypto Exchange
Some of the frequently asked questions regarding the Kraken crypto platform are,
Is Kraken a good crypto exchange?
For experienced cryptocurrency traders, with huge crypto or fiat investments involving high risk from security and reward perspectives, Kraken is the best choice. Its low fees and leveraged/margin trading facilities make it a great deal for such users.
What is Kraken Crypto?
Kraken is a cryptocurrency exchange, founded in 2011 and is based in the USA. The exchange offers crypto to fiat trading, and margin trading as well.
Has Kraken been hacked?
The crypto exchange Kraken has never been reported hacked. Kraken has the best security professionals as claimed by the company and places its most of the crypto-assets offline. Kraken provides 2-factor authentication for their users’ accounts.
Is the Kraken reliable?
Kraken is a safe, secure, and trustworthy crypto trading platform, that provides trading between many fiat and cryptocurrencies pairs. Kraken is regarded as one of the best selections when it comes to security and trustworthiness.
Is Kraken legal in the US?
Kraken platform is located in the United States and is necessary to comply with US regulations.
Does Kraken accept credit cards?
Currently, Kraken does not accepts direct cash deposits, debit cards, credit cards. Kraken forbids direct deposits to their bank accounts but rather suggests following the deposit instructions provided by the Kraken platform.
What country is Kraken in?
Kraken is a cryptocurrency platform, operating in the United States, Canada, Japan, and the European Union. It was established by Jesse Powell in 2011 in San Francisco and has been working since September 2013.
Is Kraken a crypto wallet?
Kraken is not a crypto wallet service but an exchange that offers cryptocurrency exchange services.