Review on Kraken by Ana A

Name: Kraken
Item: Kraken
Rating: 5

April 29, 2020

simplicity and insurance

Kraken is one of the world's most popular cryptocurrency exchanges. It is the second portal of this type in terms of the number of active users. It is undoubtedly one of the first exchangers that is sought when we want to start operating with cryptocurrencies. It was the first bitcoin trading platform to have the price and volume of transactions reflected in the Bloomberg terminal. And she was the first to pass a cryptographically verifiable reserve check audit.
﻿
Registration in Kraken is very simple, it consists of verification, which has generated discrimination since the existence of premiums and not premimus has caused users to migrate to others. Limited functionality. It focuses on buying, saving, and then selling to make a profit.
﻿

Pros

You have never suffered computer attacks
Its simplicity attracts many new users
Their guides and support make new users want to invest time and mining on that platform, generating more reliable and secure trading.
Most of your digital assets are safely stored in cold wallets so bad actors can't reach it. In other words, the transactions must be confirmed by both parties to generate a reliable transaction.

Cons

Commissions at Kraken is perhaps one of the most annoying factors. Unlike other bokers who work by applying a percentage, this one imposes a fixed amount of 0.001BTC for each BTC withdrawn. This is an extremely important factor since it directly affects the profit margin for each operation.
The existence of levels of functionality make their users migrate