Review on Kraken by Sudais Quadri
Kraken Exchange, Perfect Exchange....
A trusted exchange certified by various Financial bodies, Kraken exchange is a platform that allows traders to effectively and easily trade their cryptocurrencies and assets. It was founded in 2011, quite while so it must have gathered a lot of experiences and developed over time. Kraken allows uses to trade with fiat token, this alone has popularized it. Its trading volume makes it one of the largest exchanges in the crypto world. Interestingly, Kraken hasn't reported any single case of hacking, this is a yardstick for calling it the best in terms of security. Kraken trades over 40 cryptocoins, hence its liquidity. Kraken can be easily used on a mobile device as an app, this app allows you to easily monitor how your trade is going. It's intuitive and good graphical outlook makes it easy to use and navigate through. Kraken is a brilliant product of several trading experts and developers. Trading fees in Kraken favour only the makers, where a makers pays 0.16% and a taker pays 0.26%. Depositing into Kraken is done through wired transfers and fiat tokens. Withdrawal on Kraken attracts a few of 0.0005 BTC. Kraken is indeed the perfect exchange!
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Pros
- It is highly liquid.
- It supports various cryptocurrencies
- It is a very large exchange platform with a high trading volume
- Accessing kraken has been made easier with a downloadable mobile app
Cons
- It doesnt accept credit cards
- It doesn't favour takers in terms of trading fees
