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Jun 04, 2022

Why Choose Kraken Exchange To Trade Cryptocurrency?

Kraken Exchange Introduction

Kraken is one of the earliest exchanges, founded in 2011, with its home base in San Francisco, California.  Kraken is a major cryptocurrency exchange that makes it easy to buy, sell, and exchange a long list of dozens of different cryptocurrencies including market leaders Bitcoin and Ethereum. In addition to buying and selling crypto at market rates, Kraken offers users margin accounts and futures trading, riskier products useful for some trading strategies.


The easiest place for new crypto investors to start in the Kraken ecosystem is the main Kraken platform. More experienced traders, even outside of cryptocurrency, may prefer the lower-cost active trading platform Kraken Pro.

lKraken features secure platforms to buy, sell, and hold cryptocurrency.

lKraken supports cryptocurrency spot trading and cryptocurrency futures.

lThis exchange features both beginner-friendly and active trading platforms.

lMargin trading is available for those with a high tolerance for risk.

Pros VS. Cons

Pros

More than 120 coins supported: Kraken supports popular currencies including Bitcoin, Ethereum, Cardano, Solana, and Dogecoin.

Simple user interface: Kraken is relatively easy to use even if you don’t have crypto experience.

High liquidity exchange: Kraken is an active exchange where it’s easy to buy and sell at market rates.

Cons

Higher fees when not using Kraken Pro: The main Kraken platform charges higher transaction fees than Kraken Pro.

Some users report losses due to hacks: Some users report a history of costly hacks with little to no support from Kraken.


Why Choose Kraken Exchange?

Kraken is a cryptocurrency exchange where you can buy and sell assets such as Bitcoin and Ethereum. Kraken is one of the oldest Bitcoin exchanges and supports more than 120 different coins to buy, sell, and trade with competitive exchange fees. It’s notable for supporting both spot trading at current market rates and cryptocurrency futures. Kraken is a good choice for new and existing cryptocurrency investors and traders looking for low trading fees and access to a wide array of coins.


Beginners will do best with the main Kraken platform, while advanced and expert crypto enthusiasts may prefer Kraken Pro and the advanced margin and futures features. Beginners and advanced users alike can also earn interest rewards via coin staking. The combination of platforms and services makes it likely that Kraken can handle your cryptocurrency needs.

 

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Disclaimer: Cryptocurrency investment is subject to high market risk. TOPSINMETA is not responsible for any of your trading losses. The opinions and statements made above should not be considered financial advice.