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
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.
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.