The crypto exchange for everyone
What is Kraken?
Kraken is the most trusted cryptocurrency exchange on the market, being US-based and with high standards. Founded in 2011, the company offers trading between various cryptocurrencies such as a bitcoin exchange and crypto exchange for other digital assets through its platform. Funding options are varied and include wire transfers and purchasing via credit card.
The exchange has been working hard to comply with all regulations, so they have not had any issues with the SEC or CFTC yet, making it one of the most secure services out there for digital trading currency. In addition to this, features like speed and high security make them especially appealing.
What Makes Kraken Popular?
Kraken is a San Francisco-based popular crypto exchange with over $20 billion in daily volume. It is among the highest trading volumes out there. Jesse Powell founded Kraken and made it one of the world's largest bitcoin exchanges by volume. Kraken offers fiat-to-crypto trading in many currencies, including US Dollars and Euro. In addition, they offer leveraged trades and high trading volume options for experienced traders.
How To Invest In Kraken
The process is relatively simple. First, sign up and submit relevant documents to pass the KYC process to the crypto exchange. This might take several days, but then you're free to wire funds and buy your desired cryptocurrencies.
Once your account is verified, choose the deposit method that first you best. Then, you can either make a wire transfer from your bank account or create a crypto deposit. The significant advantage of depositing crypto is that money transfer takes minutes to hours. At the same time, a traditional wire transfer could take anything between one to three days.
You can find on Kraken almost every known cryptocurrency, starting from Bitcoin, Ethereum, Polygon Matic, and all the way to smaller, more niche tokens.
Profit From Staking While Investing
This exchange also provides staking services, where you can deposit cryptocurrency and get staking rewards. Each currency has its staking conditions, so make sure to read all the small letters.
Kraken is one of the most regulated and trusted crypto exchanges, and it's a great place to start!