Kraken Cryptocurrency Review

The US-based Kraken exchange is a favorite with professional traders and is known for its robust trading features including margin trading. It has a 5 star rating on mobile apps and offers a range of cryptocurrency and fiat deposit and withdrawal options. It is considered one of the most trusted exchanges on the market and has industry leading security measures as well as a top notch customer service department. However, some users report issues with logging in to their account or getting error messages when trying to access the website. More info https://www.theinvestorscentre.co.uk/reviews/kraken-review/

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Founded in 2011 by Jesse Powell, Kraken has over 10 million accounts and supports 190+ countries. It claims to have the largest liquidity in the world with $207B in traded volume (according to their site). Its high reputation in the cryptocurrency community has helped it attract investors and grow its customer base. It is also known for its strong security measures which were reinforced after the bankruptcy of Mt Gox. These include Proof of Reserves (PoR), an auditing system that verifies the exchange has the funds it claims to have through a Merkle Tree data structure.

Its fees are in line with competitors and are very competitively priced. They charge a small maker fee when you buy a coin and a larger taker fee when you sell. This is offset by the lack of card fees which is common across most crypto exchanges since these are charged by the card providers not the exchange itself.