Essential Questions About Kraken Crypto Trading Platform
What is Kraken and what services does it offer?
Kraken is a cryptocurrency exchange that provides a platform for trading various digital currencies against several fiat currencies. It offers advanced trading features like margin trading and futures, alongside comprehensive customer support and extensive security measures.
How does Kraken ensure the security of its users' investments?
Kraken implements robust security measures including cold storage for the majority of assets, strict surveillance systems, two-factor authentication, SSL encryption, and Global Settings Lock to protect users' investments.
What are the fees associated with trading on Kraken?
Kraken employs a volume-based fee schedule differentiating between maker and taker fees, with rates decreasing as users' trading volume increases. Fees vary based on the type of trade and are transparently outlined on Kraken's official website.
What types of cryptocurrencies and trading pairs does Kraken support?
Kraken supports a wide range of cryptocurrencies, including major coins like Bitcoin (BTC) and Ethereum (ETH), as well as numerous altcoins and tokens. It offers crypto-to-crypto and crypto-to-fiat trading pairs, with various fiat currencies available.
Can users trade on Kraken via mobile devices?
Yes, Kraken offers a mobile app for both iOS and Android devices, allowing users to trade, view their portfolio, and stay updated with market movements on the go.