What is Kraken Crypto Currency Exchange?

Kraken is a San Francisco-based Cryptocurrency Exchange. This Exchange used for buy and sell various cryptocurrency. Kraken support various fiate currency like U.S dollars, Japanese yen, Canadian Dollars, Euros

CEO and Co-founder Jesse Powell had created Kraken in 2011 but trading operations had launched in 2013

Kraken Supports various of Crypto currency like Bitcoin(BTC), Ethereum(ETH), Ripple(XRP), and many more.

How Does Kraken Works

Kraken has a simple and user friendly UI which allow to user buy and sell cryptocurrency in easy way also it has a various type or account who attracts small and big investor. Kraken also have a Trading option so, by the trading you also can make lots of money but it is highly risky.

Along with this facilities Kraken also have some other facility like Earn yield, Lending and Borrowing, Option Trading, Swap, Bot Trading, Send and Receive, Crypto Watch, Stacking and Future Trading.

Kraken is a cryptocurrency exchange that offers Bitcoin, the most popular cryptocurrency.

How Did Kraken Become Popular

Kraken was founded in 2011 by Jesse Powell and originally based in Canada before it was forced to move to the US due to regulatory concerns. The company has been profitable since 2015 and is regulated by the US Department of Treasury. In 2017, Kraken became one of the first crypto exchanges to be listed on Bloomberg Terminal.

In 2018, Kraken announced that it has raised $100 million from a group of investors including SBI Group, Money Partners Group, Mr. Michael Novogratz's Galaxy Digital Holdings LLC and others.

Advantage or Disadvantage of Kraken Exchange

Kraken Exchange is a cryptocurrency exchange with a trading volume of $10 billion. It has a global reach and is one of the largest in the world.

Kraken Exchange offers its users the ability to trade fiat currencies for cryptocurrencies and vice versa, as well as popular cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. It also provides a margin trading service that allows traders to trade with up to 100x leverage.

Advantage:

1. Kraken Exchange has a high liquidity pool with an average daily volume of $6 billion
2. Kraken Exchange has a low fee structure which charges 0% to maker trades
3. Kraken Exchange has a very high level of security with two-factor authentication (2FA) which requires both username and password to login
4. Kraken Exchange offers 24/7 customer support through email or phone call

Disadvantage:

1. it doesn’t have any mobile app or API integration, which means users will have to use the desktop website if they want to trade on their phones or tablets.

How to Create a Kraken Account?

1. Search https://www.kraken.com/ in the Google Search Bar
2. Click on the the create Account
3. Enter your Email, Username, and Password then check the terms and condition checkbox
4. Then your Create Account will active. So, click on it
5. Open your Email which have you mentioned above. And Verify your Account

Here we go your Account on Kraken Exchange is Open know you can buy and sell your favorite Crypto

How to Buy and Sell Crypto on Kraken?

So, You have Created your Account on Kraken Exchange. Still You facing issue let me know in the comment.

Right now I going to tell you how you can buy Buy and Sell Crypto on Kraken Exchange.

I am describing it into Some Simple Step. so, you can easily understand the Process

• Step 1. Login into your Kraken Account
• Step 2. Click on the BUY CRYPTO button at the top
• Step 3. You will be able to see the options that say BUY, SELL AND CONVERT on the left side
• Step 4 Click on Buy Button
• Step 5 Add your Card Detail
• Step 6 Enter Amount and then Click Verify Account
• Step 7 Now you Crypto Store Into your Wallet.

I hope you found some useful thing in this post. So stay happy and take care

Safe Investing, Crypto Market is very Risky. so, invest wisely

If you know how to create account on mobile or iPhone you can read this blog which is mention below.

https://sites.google.com/view/kraken-exchange/home#h.hk9iwodzouj6