As one of the most established crypto exchanges in not only the US but the world, Kraken has solidified a reputation as an industry leader and exemplary security measures. It has never been hacked and keeps 95% of its deposits in cold storage to protect against cyber threats, while all information is highly encrypted at the system and data level and users are able to use 2-Factor Authentication.URL :theinvestorscentre.co.uk

In addition to offering a wide array of cryptocurrencies for trading, the platform also offers competitive fees and an extensive list of funding methods for users to choose from. The deposit and withdrawal process is also streamlined and allows for the flexibility to manage funds in multiple currencies, including fiat currencies like USD and Euro.

Kraken Trading Options: What Every Trader Should Know

Users can open an account on Kraken by providing a valid email address and completing the required verification levels, which vary depending on user location. The Starter account only requires basic personal details while the Express and Intermediate accounts require ID verification and the Pro account requires financial information and KYC verification. In order to trade on Kraken, a minimum of $50 in cryptocurrencies must be deposited in the account. Kraken is available for users in most countries and is a great choice for those looking to access a diverse range of trading features. Users should consult the exchange’s fee schedule and terms of service for more detailed information on funding options, limits, and other services available.