Kraken is an exchange for cryptocurrency that gives you the ability to buy and sell digital assets like Bitcoin and Ethereum. Kraken comes under the category of the oldest exchange for Bitcoin and more than 120 varieties of coins are supported on it for the purpose of buying, selling, and trading with trading fees similar to other exchanges of the same league. It allows both spot trading with existing rates of the market and cryptocurrency features once you have done the Kraken login. It is compatible with all types of users who want low trading fees along with a vast variety of options for coins. It works best for beginners whereas advanced traders would prefer Kraken pro as it has more advanced features. In this blog, we are going to give a brief amount of significant knowledge about the Kraken exchange.
Trading experience
The trading experience of Kraken is best for beginners. You can use your linked bank account to buy cryptocurrency if your Kraken account is verified and you can also sell or convert cryptocurrency with the same ease. Once you are done with the creation of your account and Kraken login, you can start your crypto activity within seconds. If you want to buy cryptocurrency on this platform, you will not need to fund your Kraken account rather you can directly do the transaction from your bank account.
In addition, you will also be able to earn benefits via staking. It is advisable to enable the two-factor authentication feature to prevent unauthorized Kraken login associated with your account.
Account creation summary
- Kraken account creation is a really simple and convenient process for which you will need just a few essentials and it will be done within a few minutes. After that, you will be able to do the Kraken log in.
- Kraken sign-up is a process similar to that of other similar exchanges. All you need to have and enter is your name, phone number, address, and social security number.
- For the sake of verification of your account and to unlock all the features available on the platform, you will need to upload two more documents which will include your government photo ID and a picture of yourself holding that ID.
Conclusion
We have provided sufficient information that you need to have for getting started with Kraken and all its functions. But we would like to tell you that before starting your trading journey you should study and research a bit about cryptocurrencies, their nature, and the corresponding market. And, after that, you should also make the choice of the crypto platform really smartly. We hope this was a helpful and significant blog for you.
