1 Level
154 Review
169 Karma
Review on Kraken by Mr Benji
Kraken the exchange
- Interface
The interface offers an order book, as well as a number of orders (limit orders) for trading (stop loss, stop order, take profit, etc.).
You can switch between asset pairs in the top left corner, but it's pretty confusing. There will be no matched list, but scattered pairs across the screen. Trading and ordering is done in the right column.
You can add notes, support lines, and resistance or Fibonacci lines to a graph that looks like a much-modified TradingView. It is not a problem to scale the y-axis to logarithmic or percentage, and a number of advanced analytical tools can be used.
You can also enter hidden orders on the trading platform, but only without leverage.
Unfortunately, Kraken currently has no mobile app. The platform previously offered both Android and iOS apps, and when removed from the App Store, the Kraken stopped developing it and stopped supporting it.
- Account types at Kraken
If you want to deposit, collect or trade with fiat currencies, trading on the Kraken is - as with most serious cryptocurrency exchanges - conditioned by proof of identity. Depending on the level of identification, daily and monthly deposit and withdrawal limits vary, traders as well as trading instruments.
The Starter Account will only allow you to trade cryptocurrency pairs after filling in only your name, birth date, email address and phone number. You can select a BTC of $ 5,000 a month on a monthly basis.
With the Intermediate Account, you will be able to trade with fiat currencies and futures after you have verified with a resident and two ID documents. At this level, daily and monthly deposit and withdrawal limits are in the order of hundreds of thousands of dollars.
Account Pro offers a personal broker, high margin trading limits and monthly withdrawals from $ 100 million above. Needless to say, this will be used only by really big players - the minimum order volume is $ 100,000 and the registration makes Kraken a detailed audit of financial accounts and a certificate that you do not want to "wash" your finances (AML verification).
Updated 5 years ago
Rating has not been changed
Kraken was performing system upgrade on Sunday, July 14.
- Improving latency and performance + they will be able to provide more features for the community in the near future. They are also very transparent in their payments to the community.
Pros
- High security
- Deposit by EUR transfer
- High liquidity
Cons
- Does not offer mobile app
- Few supported cryptocurrencies
New products
Comments (1)
June 15, 2020
I like this exchange system because it's available and supported by many blockchains. It has high security system. Since 2011 it has been offering good purposes to trade with confidence. It's available in multiple languages, so customers around the world can easy manage that site.
