Although, Kraken is doing great work by supporting short selling and margin trading but the platform doesn’t facilitates the users with stop loss order types and trailing order types. Also, the benefit of high liquidity Offered by Kraken is limited to JPY and EUR. Depositing US or Canada currency can prove out to be expensive.
Top Kraken Alternatives
Top Kraken Alternatives and Overview
Despite having its share of cons, this platform is still a great way to deal in Bitcoins— courtesy the expansive client base and a user-friendly interface.
Allows you to trade your bitcoin and a few cryptocurrencies, as well as exchange them, using the largest and most advanced platform.
Provides a simple and secure platform to trade and exchange bitcoins and other cryptocurrencies.
Allows you to buy, sell, and trade bitcoins securely, with world coverage and cross-platform trading.
Offers an advanced trading platform for trading and exchanging bitcoin and some other cryptocurrencies with superior technology.
Allows you to buy and sell bitcoin and ethereum within seconds, with various payment options that you can use for your transaction.
It is one of the most secure crypto exchange services right now...
There are many other services that support way more digital currencies that you can use...
If you're looking for an alternative in such a case you can find some other...
For those who want to keep separate accounts for each of their digital currencies, this...
Moreover, the platform doesn’t supports open chat system as well as fiat withdrawals and deposits...
It is very easy to find local buyer or seller of bitcoins using this platform...
There is a minimum deposit amount...
Although trading covers a wide array of investment options, the one that has won most...
Kraken Review and Overview
Kraken is a US-based and popular cryptocurrency exchange platform, offering fiat trading and info on Bloomberg Terminal. Founded in 2011, Kraken has become prominent today, with about 50k new users registered per day. Users can exchange about 20 cryptos and 76 crypto-fiat pairs with Kraken. It was developed as an inspiration after the hack of Mt.Gox.
Kraken Crypto Exchange Features and Rates
Kraken is a unique crypto exchange platform that uses CEX form. The three main areas for that are Trading, Stablecoin/FX pairs, Dark pool, and margin fees. In the Trading section, Kraken follows a 30-day pattern for incentivizing any volume-based transactions. The transaction limits are from $0-50k and up to $10 million, with maker rates varying from 0.16% to 0.00%, and taker fees from 0.26% to 0.10% for the most significant transactions.
Stablecoin and FX are based on 30-day volume too. For makers, it starts from $0 to $1 million, with the rates varying from 0.20% to zero. In the case of takers, it is similar. Kraken also offers affordable rates in case of dark pool transactions. These transactions range from $0 to $10 million, with maker/taker rates of 0.36% to 0.20%. When it comes to the margin fees, they have used different fees for every crypto exchange.
The critical security features are 2FA with Google Authenticator and Yubikey, an email confirmation of each transaction, granular API permissions, and account timeout tools. Kraken also offers encrypted and signed emails. Any browsing through Kraken is through SSL. The systems are often tested to ensure safety. It has safe coin storage, with 95% of them in an offline and secure location.
Kraken uses multiple trading options like Futures, Indices, Margin trading, Liquidity, and crypto exchanges too. Up to 5x profits are possible in the Future trading. Kraken also uses a trustworthy account management service. This can be communicated by email, phones, support tickets, and messaging apps. The main currencies that can be used to fund the Kraken account are USD, EUR, CAD, JPY, GBP, and CHF. Some of the conventional methods are ACH transfer, SEN, SEPA bank transfer, wire transfer, Etana custody, etc. Overall, Kraken has genuinely turned into a Kraken monster in the case of a cryptocurrency exchange platform.
Company Name: Payward, Inc.
- High Level Of Security
- Encrypted Account Information
- Watched By Security Expert
- Friendly Fee Structure
- High Liquidity Exchange
- Fast Process
- Worldwide Customer Support
- Talk With Expert
- Various Funding Options
- Advanced trading Options
- Get Personalised Service
- Get Accurate Pricing
- One On One Support
- 24/7 Customer Support
- OTC Trading