A startup from San Francisco, the United States that is founded by Jesse Powell.
Security
Kraken is known for its strong security measures, including two-factor authentication (2FA), encryption, and cold storage for the majority of users' assets.
Wide Range of Cryptocurrencies
Kraken supports a large number of cryptocurrencies and trading pairs, making it suitable for users interested in diversifying their portfolios.
Low Fees
Kraken offers competitive fees, which vary based on your trading volume. Generally, the higher your trading volume, the lower the fees you'll incur.
Advanced Trading Features
Kraken provides advanced trading features such as margin trading, futures trading, and various order types, catering to more experienced traders.
Regulated Entity
Being one of the more regulated exchanges, Kraken complies with various regulatory requirements, adding an extra layer of trust for users.
Customer Support
Kraken offers 24/7 customer support through various channels, including live chat and email.
Kraken is a well-regarded cryptocurrency exchange with a strong reputation in the industry. It is praised for its security, extensive features, and user-friendliness, making it a solid choice for many cryptocurrency traders.
We have collected here some useful links to help you find out if Kraken is good.
Check the traffic stats of Kraken on SimilarWeb. The key metrics to look for are: monthly visits, average visit duration, pages per visit, and traffic by country. Moreoever, check the traffic sources. For example "Direct" traffic is a good sign.
Check the "Domain Rating" of Kraken on Ahrefs. The domain rating is a measure of the strength of a website's backlink profile on a scale from 0 to 100. It shows the strength of Kraken's backlink profile compared to the other websites. In most cases a domain rating of 60+ is considered good and 70+ is considered very good.
Check the "Domain Authority" of Kraken on MOZ. A website's domain authority (DA) is a search engine ranking score that predicts how well a website will rank on search engine result pages (SERPs). It is based on a 100-point logarithmic scale, with higher scores corresponding to a greater likelihood of ranking. This is another useful metric to check if a website is good.
The latest comments about Kraken on Reddit. This can help you find out how popualr the product is and what people think about it.
You can use kraken.com if you prefer a more beginner-friendly interface, or you can use the pro.kraken.com interface for a more professional trading experience. Source: about 3 years ago
The money wasn't real. Kraken built me a custom environment that made the scammer BELIEVE it was real since it said "kraken.com" on my computer. I also spent hours and hours talking to him and building up the story. Source: about 3 years ago
What the title says, are bitcoin rewards from staking reinvested. Or where are they? Are they paid in fiat or in bitcoin? I assume it's being reinvested because I don't have any money or bitcoin in the account itself. But I'm also looking at some confirmation in writing in kraken.com but I can't see anything. Source: about 3 years ago
Same boat: seems unstaking began & ended 17-APR according to the "Ledger" entries I see on kraken.com, but (1) I still have some relatively small amount of ETH2.S listed as "Staking, Rewards", and (2) despite having 13+ ETH in my Spot wallet, I can only withdraw 0.81856. Would expect to have ALL ETH2.S unstaked (regardless of reward v purchased), and be able to withdraw 100%. What am I missing? Source: about 3 years ago
Thanks for reaching out to us with this question. It can be a bit confusing. The Kraken Pro app doesn't currently support the ability to set your own leverage. There you are only able to move the balance you want to use. If you want to adjust the leverage, you can opt to use our classic interface on the web. There you can access the Advanced Order form which will offer you leverage flexibility. Source: over 3 years ago
Kraken is a popular cryptocurrency exchange that was founded in 2011. It has a daily trading volume of around $2 billion and is known for its high level of security and reliability. Kraken offers a wide range of cryptocurrencies for trading, including Bitcoin, Ethereum, Litecoin, and many others. Source: over 3 years ago
I tried in kraken.com and it all worked, so we're clear for blast off. Source: over 3 years ago
I've noticed the website doesn't work very well with Apple Safari. I sign on with kraken.com and then open pro.kraken.com and get better results that way. Source: over 3 years ago
Link you to any website other than https://kraken.com. Donโt get caught in a phishing net! Source: over 3 years ago
Thank you for reaching out to us. At the moment it is only available kraken.com. But make sure to keep an eye on this incase it gets implemented. Source: over 3 years ago
Kraken.com is pretty good if you wire the money to them. Source: over 3 years ago
Again: I was talking abount kraken.com. The KRAKEN EXCHANGE, not the brokerage service you use. Good day sir I'm out. Source: over 3 years ago
This are the fees you pay when you trade on kraken.com. Source: over 3 years ago
Look into kraken.com or crypto.com. Source: over 3 years ago
Kraken.com or their app (Kraken PRO). 0.26% trading fee, 0.00001 BTC withdrawal fee to main net, completely free to lightning. I setup recurring bank transfer and then buy manually every monday. (You could also use their api to automate that). Source: over 3 years ago
Youโll still have access to the legacy interface for our advanced products on Kraken.com and it can be used in parallel with the new experience. Source: over 3 years ago
Also, to find a wallet like Monero GUI which is open source and which accepts crypto based on ETH (for USDC) it is impossible. I found things like Exodus, Coinomi, Ledger, but somes peoples has lost their money, I do not find theses wallets more safer than using kraken.com who is a really reputable website. Source: over 3 years ago
3 : I create an account on any wallet ( exemple : kraken.com ) With really high secured password and a mail from protonmail ( wich I will access only with tor in that same volume. ) I will also save my kraken.com very long password in that volume. Source: over 3 years ago
You can find the API via kraken.com. Source: over 3 years ago
1,000,000,000 of which I have sent to u/jespow, (the founder and former CEO of Kraken) since he joined the Cone Club too. Source: over 3 years ago
Once you have an account with us, you are able to choose the interface you'd like to trade on using the same log in credentials. Kraken Pro offers a professional trading experience, designed for power users whereas Kraken offers a more simplified user interface, suitable for beginners. Kraken also offers Instant Buy, a feature that is not available on Kraken Pro. The best way to understand which option is right... Source: over 3 years ago
Kraken, established in 2011, has emerged as a reputable player within the cryptocurrency exchange landscape. Renowned for its robust security and reliability, it handles a substantial daily trading volume of approximately $2 billion. As a platform, it supports a diverse array of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin, catering to both novice and seasoned traders.
Approachability and Market Perception
Public sentiment suggests that Kraken is perceived as an accessible alternative to more complex platforms such as Binance. Its appeal is particularly noted among daily traders who prefer straightforward functionalities over advanced derivatives. Unlike some competitors, Kraken's integration of live customer support is notably superior, rendering it a favorable choice for investors new to the cryptocurrency realm.
Pricing and Fee Structure
Kraken employs a competitive maker-taker fee schedule that offers pricing incentives based on trading volume over the previous 30 days. This structure is frequently acknowledged as more economical compared to competitors like Coinbase and Gemini, making it an attractive platform for both individual and institutional traders. For example, customers trading less than $50,000 monthly incur fees of $2.60 for every $1,000 in trading volume, with maker fees ranging from 0% to 0.16% and taker fees between 0.10% and 0.26%.
User Experience and Interface
The platform is lauded for its dual-interface approach; on one hand, kraken.com provides an intuitive interface tailored for beginners, while pro.kraken.com offers advanced trading tools suitable for professionals. Users can seamlessly switch between these interfaces, leveraging a unified login system, which enhances flexibility and user experience. Nevertheless, there are some minor challenges reported with specific browsers, such as compatibility issues with Apple Safari when accessing the Kraken Pro interface.
Security Concerns and Scams
Security is a paramount concern for Kraken users, as evidenced by the proactive nature of discussions surrounding phishing scams. Advocates within the community often emphasize the importance of vigilance, urging users to double-check URLs and to only interact with the official Kraken domain. The platform's secure environment is also leveraged to execute sophisticated simulations designed to expose scams, underscoring its reputation for prioritizing customer protection.
Operational Challenges
Despite its strengths, Kraken is not devoid of operational critiques. Instances of confusion regarding leverage settings on its mobile app and the complexities associated with cryptocurrency staking withdrawals have been observed. These operational intricacies, while not overwhelmingly common, are focal points for discussion among Kraken's user base seeking clarification and guidance.
Overall, Kraken maintains a generally positive standing within the cryptocurrency community, praised for its security, user-friendliness, and competitive pricing. While it continuously strives to address operational challenges, its commitment to customer support and security remains steadfast, reinforcing its position as a prominent and reliable cryptocurrency exchange.
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