Review on Kraken by Robiul Islam
Kraken gives you the power to hit the ground running.
It’s equitable to say that Kraken is an option good worth considering thanks to its superb security features and low transaction fees. It’s not the best option for beginners due to its more complicated interface. This veteran Bitcoin exchange has gained a considerable amount of reputation throughout the years and doesn’t seem to be going anywhere anytime soon.
I joined Kraken in Nov18. Since that time They have rocketed to the top of my worst websites I have EVER used. Constant 502 access errors just logging in. Constantly having to refresh and try again when placing or cancelling orders. There has not been a single day where I had no issues with the site. Reliability is a 3 at best. I regret not withdrawing my funds while I had the chance with the latest multi day downtime.
Updated 5 years ago
Rating has not been changed
Kraken new branding, including a website redesign. New version of Kraken WebSockets Public API is LIVE now! Thousands of clients have already connected for fast and easy access to Kraken’s market data.
Kraken will continue to evolve. Expect more improvements made and illustrations added to the website, as well as advancements in trading interfaces and products.
Pros
- Increasing number of cryptos .
- Low transaction fees.
- Margin trading and short selling.
- Professional trading platform with all the bells and whistles.
- Fast and free SEPA deposits in Europe.
- Good reputation.
Cons
- Not beginner friendly.
- Limited payment methods.
- Not suitable for beginners.
- Customer support can be overwhelmed at times.
- Poor iOS app.
