Review on Kraken by larei bello
Using Kraken....
It is one of the largest exchanges in the world, Kraken was launched in USA in 2011. This exchange currently supports trading of over 40 cryptocurrencies. In terms of security, Kraken is a very excellent choice, this is because it has never been hacked or under any form of cyber threat. Kraken exchange also allows for fist based deposits and transactions. Trading on this exchange was actually something I did not regret. I have used this exchange for almost two years and I can confidently vouch for this exchange. Trading on Kraken is possible in two ways: either the website form or the app form. Using the app form as a trader was advantageous, the app was very easy to comprehend, creation of account was even very easy. Though time to complete transactions are usually long sometimes, basically, transactions here are very fast. Depositing in my Kraken account was obly through wired transfer and fiat tokens, depositing with fiat tokens was my best option as this exchange doesn't support credit cards. A part of this exchange that scared me off it for a while was its high trading fees, I had to leave the exchange for about two months thinking that those prices will be received but there was no much changes. Apart from all this, I believe that the experience it has gained since its launch, should be able to make it the best trading platform
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Pros
- It is very secure
- For easy accessibility, Kraken has an app
- It supports trading with fiat currencies
- This platform is very liquid
- It has an easy to use user interface
Cons
- It is still hackable
- The app needs some minor improvement
- The fees here are generally high
- It doesn't allow for deposits via credit cards
