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Kraken Review 2019 – Ratings, Guides, Security

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Editor's Review

Kraken Ratings 2019
7.78
8.2 Easy of Use
7.2 Supported Currency
8.4 Security
6.5 Fee
8.6 Customer Support

 

 

Kraken Official Logo image

 

Overview

Founded in 2011 by Jesse Powell, Kraken is one of the oldest and most popular cryptocurrency exchanges. It is headquartered in San Francisco, California. Kraken provides high liquidity, safety & security environment, a wide range of features and advanced order types like stop-loss and automated trading.

Kraken exchange homepage

Kraken boasts a high level of liquidity and this results in the fast funding and high trading volumes. The exchange provides a basic interface to help beginners as well.

 

Currency Supported

Kraken offers over 45 market pairs with 7 base currencies which include USD, EUR, GBP, CAD and JPY.

Kraken Coin Exchange offering lists

Popular cryptocurrencies are offered including the following;Bitcoin (XBT) Bitcoin Cash (BCH) Dash (DASH) EOS (EOS) Ethereum Classic (ETC) Ethereum (ETH) Gnosis (GNO) Iconomi (ICN) Litecoin (LTC) Melon (MLN) Augur (REP) Tether (USDT) Dogecoin (XDG) Stellar Lumens (XLM) Monero (XMR) Ripple (XRP) Zcash (ZEC)

 

Countries Supported

Kraken is available all around the world, however, only two language options are available on the website; English and Japanese.

 

Payment Method

Kraken accepts deposit and withdrawal via SEPA, SWIFT, Bank Wire and cryptocurrencies. It takes one to five business day.

 

Fee

Kraken offers wide funding and withdrawal options, and the fee clients pay depend on the tier of their account. The higher the tier, the lower the fees and the more volume clients can trade. The fees range from 0% to 0.26% depending on the tier.

Fees are charged on a per-trade basis and calculated as a percentage of the trading volume.

Please check the below link for the detailed information;

https://www.kraken.com/en-us/features/fee-schedule

 

Customer Support

Kraken Customer Support

The websites provide an extensive support guide covering everything from signup to trading. In most cases, you can find the answer for your troublesome. If not, you can submit a support ticket.

Kraken also offers Live Chat option for customer support.

 

Security

Two-factor authentication(2FA) is available on account login, trading and funding processes for security. Clients can set up a master key for password recovery and 2FA. To maximize clients’ security, global setting lock options are offered.

Kraken Coin Exchange Security Feature

Kraken also keeps most of its assets in cold storage to be secured.

 

Conclusion

In operation since 2011, Kraken has spent a number of years building its reputation in the cryptocurrency industry. The exchange is one of the most reliable by international cryptocurrency traders.

Kraken Coin Exchange Mission

Kraken is a good option for its excellent security features and competitive transaction fees as well as leveraged positions, margin trading etc. However, it is not the best option for beginners due to the complex interface. New clients may have to wait for over a week for verifying their accounts. Despite this, Kraken remains a better option for anyone looking for a reliable and trusted exchange.

 

Pros

– Strong security

– Margin Trading available

– Reputable exchange

– Extensive and precise charting and trading view

 

Cons

– Slow support response

– Long time for signup and verification

– Numerous site and platform errors

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