Kraken is one of the Bitcoin exchanges that allow you to buy, sell, convert, and trade crypto currencies. This exchange was launched in 2011 and was accepted by thousands of users. Eventually the exchange became the largest Bitcoin exchange in euro liquidity and volume.
What is Kraken?
This exchange was the one that introduced the trading volume and price on Bloomberg Terminal. Other than that, it is also the first exchange that accepted the standard Bitcoin code. It is also the first exchange that created a partnership with a crypto currency bank.
The success of Kraken is not only because of its firsts, but also because of its features. The exchange updates you with the current prices of the crypto currencies. Other than that, the exchange also lets you trade and gives you a margin, leverage, and fee schedule. You do not have to worry about the fee because all transactions are free.
Moreover, Kraken also makes sure that your account is secured. To protect your account, the company places all your deposits in a cold storage. There is also a two-factor authentication feature to add another layer of protection.
Kraken vs other crypto exchanges
As a crypto currency user, you want a convenient exchange with excellent features. You are looking for the best exchange that can also let you buy and sell various crypto currencies. Luckily, this exchange allows Namecoin, Zcash, Ethereum, Bitcoin, Stellar, and Dogecoin. With Kraken, you do not have to wait for a long time just for you to buy an altcoin. Compared with other exchanges, you can be at ease that you are depositing the right amount.
Besides that, if you are a trader, you will also prefer this exchange. This is because the exchange allows leveraged trading by 5x. The trading fees are also justified and not pricey. The exchange also lets you choose your order type and you can ask for audits.
Lastly, to bring more convenience to its clients, the exchange has now a mobile app. With this new feature, you can easily access your account on your mobile phone. If you need to buy more coins for your Bitcoin dice game, you can easily convert through this feature. The feature will give you more time to enjoy free Bitcoin dice game and Bitcoin dice faucet. Also, you can trade anywhere you want to. The app also lets you check the prices of each crypto currency.