A centralized crypto exchange with a solid reputation, Kraken offers a robust trading platform for those who want to buy and sell popular coins. It also provides advanced features for more demanding traders, such as margin trading with up to 5x leverage and futures trading.Source :theinvestorscentre.co.uk

Kraken has a mobile app for Android and iOS devices, as well as a web browser version that allows desktop users to access the site’s full range of functionality. Creating an account requires an email address, password and two-factor authentication to ensure the platform’s security. It also recommends following online security setup best practices to further protect your account and assets.

Kraken Platform Features and Fees: A Complete Guide

Once you’ve verified your account, you can deposit fiat money through a bank transfer or digital wallet. You can then choose from a variety of cryptocurrency pairs to buy and sell, or you can use the Kraken Pro app for margin and futures trading. The app also supports staking for some cryptocurrencies, which can earn rewards without holding the underlying asset.

The Kraken exchange is known for its user-friendly interface and high levels of security, including the use of a dedicated IP address for all transaction processing. The exchange is one of the few to have never been hacked or compromised. Its fees are on the higher side compared to some competitors, but many users say they’re worth it for the exchange’s reputation and robust range of offerings.

The Kraken website includes a comprehensive support section with answers to many common questions. The exchange also delivers 24/7 live chat and phone support. However, the website currently says phone support is temporarily paused while the company upgrades its infrastructure.