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BROKER REVIEW

KRAKEN

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November 15, 2017 | 

Joanna Newman |  0 Comments | 

1420 Views

KRAKEN BROKER REVIEW

Our Pick

Mimimum Deposit

$100

Crypto

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Regulation

country
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Our Score

8.5

Kraken was founded in Sans Francisco in 2011. Kraken is one of the biggest exchanges of Bitcoins, and especially against the Euro.But it is possible to exchange crypto currencies also with USD, GBP, Yen and other currencies.

The fees are between 0.1 and 0.35% for most currencies, but for less common currencies this can range from 0.05 to 0.75%.

Minimum deposits are 20 USD.

Audits can take anywhere from a few minutes to a few days.

There are different levels on the platform, ranging from 1 to 4:

Level 1: deposits and withdrawals can only be made in crypto currencies. Trading can be done in digital or traditional currencies.

Level 2: depending on the country there is the possibility to make deposits and withdrawals in Fiduciary currencies.

Level 3: Funding limits are higher than Level 2

Level 4: Funding limits greater than Level 3 with individual or corporate accounts. At each level corresponds a level of verification.

Crypto currencies that can be traded on the platform:
BTC, DAO, ETC, ETH, DOGE, DASH, ICN, LTC, REP, XLM, XRP, ZEC and others.

Kraken is easy to use. The interface allows beginners to navigate, but also offers experienced traders to use all advanced options.

It exists on iOS and Android.

Support is 24/7 by email or chat.

At the security level, kraken is probably one of the most secure cryptocurrency exchanges in the world: there is two-factor authentication and PGP GPG encryption. The majority of funds are kept offline and the servers are in secure facilities with armed guards and video surveillance of the highest order. 

Advantages

Excellent security

Very low fees

Disadvantages

Weak support for mobile platforms

Verifications take time

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