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Munich
4 Level
63 Review
699.75 Karma

Review on Kraken by The hsotaka

Revainrating 5 out of 5

My review about Kraken exchange

Today i want to share my experience with Kraken Exchange.
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Kraken was one of the first exchanges is used to buy coins.
I signed up on Kraken in Q2 2017 because back these days, Kraken was nearly the only serious exchange which offered a nice amount of listed coins.
I used Coinbase before and bought my first Bitcoins there but, like everyone else, i wanted to jump on the altcoin hype of 2017. Coinbase only offered BTC, ETH and LTC, so i needed an alternative.
The performance of Kraken was horrible at this time, they had huge problems with their order engine, open orders on this exchange wasn't fun.
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Today, Kraken is a great exchange which offers solutions for most of a traders needs. It's a fiat-crypto exchange, they are offering spot, margin and futures trading, they have UIs for beginners and advanced traders. All of these products running smooth.
Personally i don't use leverage trading on kraken because i don't like the interface, but i still use it as my fiat gateway. I can deposit EUR on kraken without any fees. If i transfer EUR from my bank account to kraken, its available 2-4 hours later in my account. This is just great!
They are also offering the cheapest EUR withdrawals in my case.
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I'm glad that Kraken exists because of the great fiat gateways,
even if the trading interface really is a matter of taste.
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Pros
  • Great FIAT gateway, especially for EUR deposits and withdrawals
  • They offer all trading products i need.
  • Good amount of listed coins, keep in mind that kraken is no "we list every project who is willing to pay" exchange.
  • Serious, regulated exchange with 100% real volume.
  • No pump&dump with alts or IEO of sh*tcoins like other exchanges.
Cons
  • Trading interface is a matter of taste.
  • Fees are higher compared to other exchanges if you aren't a high volume trader.

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