Kraken, headquartered in San Francisco, California, is considered the largest bitcoin exchange based on the euro volume, liquidity, and the trading of US dollars, British pounds, Canadian dollars and Japanese yen.

Founded in 2011 by Jesse Powell, Kraken is known for its low commissions for transactions, a wide range of functions and security. Kraken went through three rounds of financing and raised $ 6.5 million in capital from 13 investors, including Money Partners Group, Blockchain Capital and Digital Currency Group. The company also completed five acquisitions, including crypto market visualization platform Cryptowatch, Bitcoin exchange Coinsetter and Dutch exchange Clevercoin.

After the bankruptcy of Mt. Gox, the trustees of the receivership picked Kraken as the platform through which claimants could apply to receive lost funds.

On Kraken, you can purchase Bitcoin, Litecoin, Ethereum and a number of other cryptocurrencies with fiat currency, including US dollars, euros and Japanese yen.

Here are the crypto coins currently supported by Kraken:

  1. Bitcoin (XBT)
  2. Bitcoin Cash (BCH)
  3. Ethereum (ETH)
  4. Monero (XMR)
  5. Dash (DASH)
  6. Litecoin (LTC)
  7. Ripple (XRP)
  8. Stellar/Lumens (XLM)
  9. Ethereum Classic (ETC)
  10. Augur tokens (REP)
  11. Iconomi (ICN)
  12. Melon (MLN)
  13. Zcash (ZEC)
  14. Dogecoin (XDG)
  15. Tether (USDT)
  16. Gnosis (GNO)
  17. EOS (EOS)

To get started, you need to get a confirmation from Kraken. Users are sorted into different tiers , which determine such things as how much a user in a specific tier can deposit per day. Each tier requires a different set of details.

Trading Fees

The order for Kraken is relatively simple, using their basic interface, but their trading tools provide more robust functionality if you decide to use them. You can place simple market or limit orders. On average, limit orders come with a 0.16% fee, and market orders bring a fee of 0.26%. Fees mainly vary depending on the volume of trade. For main trading pairs, the fee usually ranges from 0.1% to 0.35%, and for other less common crypto pairs, the range can be anywhere between 0.05% and 0.75%. Traders offering liquidity receive a commission of 0%.

Customer support

Kraken is a very secure site thanks to its two-factor authentication feature.Besides, the website has an extensive support guide that covers everything from checking your account to trading. In most cases, you will find what you are looking for there. However, if you need support, you can always submit a support ticket. Kraken’s customer support can be on the slow side and it may take several days for an answer.

The Kraken is a real industry leader, and one of the best bitcoin exchanges today.

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