|Number of currencies handled
||Over 74 types
Kraken Account Registration method
- First, click “Sign Up” in the upper right corner from the Kraken top page
- Then set up your email address and password.
- After setting the mail address and password, click “Get code”
- Since an e-mail code is sent to the registered e-mail address.
- If you click “Get code”, there is a time limit of 60 seconds, so let’s input within 60 seconds.
- Finally, check the agreement of the terms of service and check “Sign Up” and register your account with Kraken .
50,000$: 0.16% Maker | 0.26% Taker
< 100,000$: 0.14% Maker | 0.24% Taker
< 250,000$: 0.12% Maker | 0.22% Taker
< 500,000$: 0.10% Maker | 0.20% Taker
< 1,000,000$: 0.08% Maker | 0.18% Taker
< 2,500,000$: 0.06% Maker | 0.16% Taker
< 5,000,000$: 0.04% Maker | 0.14% Taker
< 10,000,000$: 0.02% Maker | 0.12% Taker
> 10,000,000$: 0.00% Maker | 0.10% Taker
Bitcoin: 0.001 BTC
Bitcoin Cash: 0.001 BCH
Ether: 0.005 ETH
Ether Classic: 0.005 ETC
Litecoin: 0.001 LTC
Zcash: 0.0001 ZEC
Monero: 0.05 XMR
Gnosis: 0.005 GNO
Kraken offers its customers an advanced trading platform that includes spot and margin trading for more experienced users. Kraken’s interface offers plenty of options, but it isn’t the most beginner friendly—something to consider if you’re new to cryptocurrency.
In November 2017, Kraken was struggling to cope with increasing demand for cryptocurrencies, resulting in users receiving many different error messages and having difficulty using the exchange for its intended purpose. CEO Jesse Powell apologized for these issues.
Currencies and Payment Methods
Kraken accepts the following fiat currencies: Euros (EUR)US dollars (USD)Canadian dollars (CAD) Deposits and withdrawals can be made via SEPA, SWIFT, wire and domestic transfers. In almost all cases, deposits and withdrawals can be expected to take 1–5 business days. In my experience, the average deposit takes as little as 24 hours. It’s free to deposit most of the accepted cryptocurrencies, but there’s a small address setup fee in a few cases.
Kraken’s fees are among the lowest of all the major bitcoin exchanges. The fees you pay depend on your last 30 days’ trading volume. In general, fees are based on a maker-taker basis. Makers, who add limit orders to the exchange, pay a lower fee than takers, who fulfill existing orders.
Kraken accepts payments through fiat currency and cryptocurrency. To make a deposit, log in and go to Account > Funding > Deposit. Here, you’ll be prompted to choose your deposit method.
It’s also important to note that USD deposits via wire transfer are only available for Tier 3 or Tier 4 account holders. These tiers refer to your level of account verification. A full breakdown of the tier structure is available on the Kraken site.
Is it safe to use Kraken’s
Kraken’s enforces two-factor authentication (2FA) to protect your account. So users have to verify that they actually are the account holder before they can log in. The use of 2FA means you get extra security against any hacking attempts. It also helps in decreasing the risk of identity theft.