Kraken Exchange is one of the most established, transparent and secure Bitcoin exchanges in the Bitcoin space.
Founded by Jesse Powell in 2011, Kraken is a regulated exchange based in the U.S. with a huge usership across Europe, Canada, and most of the US.
It’s a fiat on and off-ramp for USD, CAD, GBP, EUR, AUD and accepts payments via several methods, and low fees for withdrawals.
Kraken offers many different trading options, such as limit orders and stop-loss orders, margin trading and what Kraken calls its ‘dark pool’.
With an average trading volume of $8 billion a month, Kraken is the eighth largest cryptocurrency exchange by volume.
Kraken’s fees are among the lowest in the industry, and the exchange regularly passes the Proof-of-Reserves audit, which many other exchanges refuse to undertake.
As well, it being the most transparent exchange in the Bitcoin space, Kraken willingly undertakes a security audit, and has a comprehensive range of security features making it arguably the most secure exchange.
Signing Up With Kraken
Kraken is available in the US, but it doesn’t have a licence to operate in New York (NY) or Washington (WA) states.
And apart from Japan, Afghanistan, Cuba, Guinea-Bissau, Iran, Iraq, North Korea, and Tajikistan Kraken is open for business in every other country.
Signing up with Kraken and opening an account is super easy, but because Kraken is a fully regulated exchange to trade or withdraw you will have to pass a ‘know your customer’ (KYC) check. Don’t let this shouldn’t put you off, as it’s pretty quick and easy for the average trader
There are three levels of account verification on Kraken: Starter, Intermediate, and Pro.
First you create an account with the shirt form before completing the KYC form. For the Starter level it shouldn’t take more than 1 hour, but you are limited to how much you can withdraw, and you can’t deposit or withdraw fiat currencies. Read More at Bitcoin Maximalist