Review on Kraken by gleymis villegas
Kraken, on the market since 2011
KRAKEN, established in Europe since 2011, is one of the leading cryptocurrency exchanges on the market in that region. offers offers a varied number of pairs from fiat to BTC such as USD, EUR, JPY among others. The most used pair in this exchange is the JPY BTC. In addition to BTC, you can also find other popular cryptocurrencies such as Litecoin and Dogecoin. For Kraken, security is very important and therefore they implement two-factor authentication and PGP / GPG encryption.
Pros
- Rates vary by volume; For major trading pairs, this is between 0.1-0.35%; however, for other less common cryptocurrency pairs, the range can be as low as 0.05% or as high as 0.75%. There are also 0% fees for merchants offering liquidity.
- Withdrawals and deposits vary by method, although generally all fees are 0.19% with a minimum of $ 20. For JPY there is a minimum deposit of 5,000 yen and no transaction fee per deposit, but 20 yen to withdraw.
Cons
- kraken platform may seem difficult for newcomers to the crypto industry
- very few coins available
