This Cryptocurrency Exchange is a Good Fit || Kraken Exchange

and a Kraken.login is a fully functional crypto exchange with low fees good mix of coins. It's also one of the only U.S. crypto exchanges to provide advanced trading tools like margin, at least to certain clients. It says it aims to be the "best and most secure." To see if that's true and to find out if it's the best exchange and trading platform.

Full Kraken exchange review

This cryptocurrency exchange is a good fit for:

Top perks


Kraken is a reputable cryptocurrency exchange that's been around for almost a decade. It's a solid option with a lot going for it.
Security Founded in 2011 and launched in 2013, Kraken is one of the largest and oldest exchanges in the world. And it's had its eyes on security from day one.
The fact that it hasn't been hacked in nine years speaks for itself. The U.S.-based exchange has consistently led the industry in security.
It boasts both physical security and financial stability. Plus, it pushes users towards healthy security habits. Range of cryptocurrencies
Kraken has over 160 coins and deals with seven fiat currencies. That's not the biggest selection of digital currency you'll find, but it's comparable to some of the best cryptocurrency exchanges. And it's a step up from many brokers that only offer a handful of well-known coins. Kraken also boasts a high liquidity, meaning it is easier to buy and sell at a fair price. Kraken works using currency pairs and not all of its currencies are exchangeable for the others. What is a currency pair? Imagine you're taking a vacation in Germany and you need to exchange your dollars for euros. That's a currency pair. If you're using dollars to buy Bitcoin or Bitcoin to buy Ethereum, you're always swapping one currency for another. Advanced trading features


Kraken is one of the few exchanges that offers margin, stop orders, and crypto short sales. It also has something called a dark pool where high-volume investors can trade anonymously. Kraken lets you leverage a currency pair by up to 5x and allows eligible pro clients to access up to $500,000 in margin. Before you get too excited, margin trading can be risky. You're essentially borrowing money to invest. Let's say you invest $100 in Ethereum.

You decide to use that 5x margin. If Ethereum goes up in value, you'll multiply your gains by 5. But if Ethereum loses value, your losses will also be multiplied. Cryptocurrencies are already a risky investment, and using margin exponentially increases that risk. Reasonable fees Kraken's fees are on par with several exchanges.

It isn't the cheapest, but its maker-taker fees are lower than, say, Coinbase. Trading fees differ from exchange to exchange and often depend on how much you trade each month. Look at how much it will cost you to deposit and withdraw money as well as what you'll pay for each transaction. Be aware that fees can add up if you use the instant buy feature rather than the pro platform. I learned the hard way that the fees are much higher with this feature. Strong staking options
I am a big fan of Kraken's staking services and have several coins earning APYs of at least 4% in it. Users can stake over 15 different cryptos and earn between 0.25% and upwards of 20%. Staking usually involves tying up your coins to contribute to the overall security of that particular blockchain. It can be a great way to earn passive income on your crypto.

Pros

  1. Security
  2. Range of cryptocurrencies
  3. Advanced trading features
  4. Reasonable fees
  5. Strong staking options

Cons

  1. Not for beginners
  2. Limited starter account
  3. Slow account funding
  4. Questionable customer service
  5. No tax support