Review on Kraken by gregori cordova
one of the oldest exchanges with very high levels of security and efficiency
Currently it represents a real challenge, deciding on a particular Exchange, due to the enormous variety of these that are in the market. Many of them offer very tentative features for both novice and expert trading users, and Kraken is one of them. It is one of the first exchanges to hit the market in 2011, and since then it has been in constant evolution, becoming one of the most recognized main options in the crypto world. An original feature of this Exchange is that it has an interface that adapts to all types of users, and allows you to change it from simple to advanced, depending on your needs, so if you are a novice user and you are starting to acquire your first cryptocurrencies , the ideal option is to activate the simple interface option, which facilitates your operations, and if you are an expert trading user, you can access the advanced option and unlock all the features offered by the platform. The rates when using kraken are very varied but very competitive and adapted to the current market, having a preference for users who do high volume trading, since they are offered rates of 0% compared to the rates for normal users, which are of 0.20%.
I can honestly say that kraken is one of the safest options in the exchange market, since its reputation has never been affected by any type of theft or hacking and is one of the ideal alternatives for both novice users and experts in trading.
Pros
- It was one of the first Exchange to introduce an auditing system in which it is cryptographically demonstrated that the amount of funds of its users is real and a transparency report was recently carried out that verified that everything is going correctly
- They offer fees of 0% for high volume traders and 0.20% for normal users
- You can deposit in fiat currency
- It has very high liquidity and trading volumes on a monthly basis, and is ranked among the 50th ranking in coinmarketcap
- Most kraken funds are cold stored on different servers around the world, so their security levels are very high, and they have never been compromised, in all the years they have been in operation.
Cons
- Withdrawal fees in USDT are very high.
- There are not many altcoins listed that are available on most exchanges currently
- KYC usually take a long time, and there are a lot of negative comments on the net because of this
