Kraken is one of the early cryptocurrency exchanges in the U.S. It was founded in 2011, having Jesse Powell as the CEO of the firm to date. Kraken has made so many acquisitions right from 2016 till date. When it comes to liquidity and euro volume, Kraken has beaten many exchanges hands down. The one major thing users of Kraken enjoy is significant low transaction fees and deposit fees. In addition to these benefits, using Kraken as a means of cryptocurrency exchange gives no room for stress as it supports the use of credits cards and bank transfer of fiat currency.
The Buying, selling, and trading of multiple coins are also made possible with Kraken. The platform offers its users the margin trading feature. The exchange is also well known for empowering investors and supporting institutions through their over the counter trading and personalized white glove account management.
However, when considering Kraken, users must be well experienced in cryptocurrency. This is because unlike Binance, which is friendly to first-timers, Kraken is not. It does not even give room for mobile support. Kraken’s major setback is a confusing interface and a slow Process trade. Another con that comes with using Kraken is that it offers a limited amount of cryptocurrency to trade. This limit on cryptocurrency is largely dependent on the user’s location. Those users located in the United States of America, on the contrary, have no restrictions when trading Bitcoins, Ethereum, Ripple, Litecoin, and bitcoin cash. But this is not so for other locations.
