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Kraken is one of the well-known and popular crypto exchanges. The exchange, which has been able to host many transactions and users due to its high security, various trading services, and long history, supports about 80 cryptocurrencies. There are several advantages and disadvantages to Cracken Exchange. In this article, we will examine the features of Kraken and examine the registration process on this trading platform.

What is Kraken Exchange?

Kraken is one of the oldest and most reputable cryptocurrency exchanges, operating since 2011. Jesse Powell founded the exchange. According to Coinmarket cap, the volume of capital hosted by this platform is about $ 1.3 billion.

Although access to the Kraken exchange office in Iran is not possible due to international sanctions, this trading platform offers its services to about 200 countries worldwide. The exchange is headquartered in San Francisco and employs about 250 people. Bitcoin (BTC) and Light Coin (LTC) were the first cryptocurrencies listed by the Kraken exchange.

Advantages of Kraken Exchange

Cracken Exchange is one of the oldest platforms for buying cryptocurrencies and investing in crypto. Although Cracken has not been a strong competitor to Binance or CoinBase in terms of trading volume, it is one of the most well-known and reputable platforms in digital currencies. The advantages of this exchange are:

Fair wages

One of the major concerns of users and investors is fee costs. Most exchanges try to satisfy traders and users by setting the lowest possible fee. This issue is also very important for Iranian users. Kraken exchange fees will be from 0 to 0.26% of the transaction, depending on the passwords, user level, and type of transaction.

Kraken has defined several user levels. The more transactions a user has or, the more transactions they have, the lower the commission.

Buy with Fiat currency in Kraken.

Some exchanges do not allow users to use international credit cards, and assets must be transferred from other platforms to the exchange to begin investing. Kraken Exchange has made it possible to buy digital currency with credit cards. As a result, users can easily convert their Fiat currency (national currency) into cryptocurrencies.

Supports a wide range of cryptocurrencies

Cracken is one of the exchanges that supports a relatively large number of digital currencies. Traders and investors tend to operate on platforms with many options for buying and selling.

Every day we see the development of new cryptocurrencies. Many of these digital currencies have a bright future, so many people are interested in investing in them. Exchanges also have stiff competition in listing cryptocurrencies. In the meantime, the security of users’ capital must be maintained. For this reason, it does not make sense to list it as soon as Ramzarz is developed. Balancing the number of cryptocurrencies supported, securing investors, supporting popular cryptocurrencies, and preventing fraud and misuse are the keys to a successful exchange to satisfy users.

Advanced charts and tools

Cracken Exchange provides users with advanced tools and charts to analyze market trends. In addition, other features of this exchange, such as displaying transaction history on the chart and activating browser notifications, will help users achieve better results and greater profitability.

Provide a mobile application

One of the advantages of Kraken exchange is offering a mobile application in Android and iOS versions. In this way, users with different devices and conditions can register and invest in the Kraken platform. The Kraken development team has designed several different applications to provide users with various services and capabilities and meet all trading and investment needs.

24-hour support

The world of digital currencies is full of ambiguity and complexity. Novice and even crypto professionals sometimes need to consult experts about their trading problems. Kraken’s 24-hour support reassures investors. The team will follow up on problems and questions and communicate with the user via online chat.

Asset security in Kraken

One of the important factors in increasing the popularity of the Kraken exchange is the high security of assets. In this trading platform, 95% of assets are stored offline. This exchange has obtained the FinCEN license. Kraken also adheres to the highest banking and legal standards. In addition, it is possible to enable two-step authentication (2FA) in this exchange.

Steam Ramzarz

One surefire way to earn money is to cryptocurrency or digital deposit currencies. In the stick process, the user alternately blocks some cryptocurrencies in the exchange account and receives a profit. Although the steak reward is lower than the profit from trading, it has a much lower risk and is a good solution for many people.

Margin and futures trading

Margin trading is one of the most important digital currency market opportunities. Although these transactions are high risk, they have made many people rich today. Kraken Exchange has provided the conditions for such transactions with various levers. In this exchange, cryptocurrencies can be traded in short-term and long-term positions.

In addition to margin trading, the exchange futures trading the Bitcoin, Ethereum, Light Coin, and Ripple.

Disadvantages of Cracken Exchange

Perhaps the most important problem of Kraken Exchange is working with its user interface. The Kraken user interface is relatively complex. Therefore, novices and novice users may face problems and challenges. Another criticism of the Kraken exchange is the speed of support and handling of users’ questions and concerns. Although the support system of this exchange is active 24 hours a day, due to the high volume of requests and the slowness of the online chat process, users may wait for minutes or hours to receive a response.

Registration training in Kraken exchange

step one

To register in Kraken, you must first go to this exchange website at Kraken.com and click on the Create Account option. Unfortunately, Iranian users’ access to this website has been blocked. Therefore, you must use IP change services to connect to the Kraken exchange.

Step two

In the second step, you must enter the basic information, including email, username, and password.

Step three

After completing the information, an email containing the Activation Code will be sent. By entering the code and clicking on the Activate Account option, you will enter the next step.

Step Four

At this point, your account is created. It is recommended that you activate two-factor authentication after opening an account. For this purpose, you can enter the Security section from the profile section and then click on the 2FA Setting option.

Step Five

By clicking on the Activate Now option, two-factor authentication will be activated.

The last step is to register in Kraken.

Then install the Google Authenticator software on your mobile phone and scan the QR code in the app. The code application will tell you that you must enter it at the bottom of this section.

It is also possible to activate two-factor authentication for buying and selling cryptocurrencies or depositing and withdrawing assets.