Opinions about Kraken

Kraken it is a website where you can buy bitcoins as well as cryptocurrency pairs to speculate. If you have arrived here wondering if it is a legit website, we can confirm that this platform has passed our test and we do not consider it a scam or fraud. On the contrary, it is a platform that seems interesting to us, in view of its good operation.

The company was founded in San Francisco, in the United States, but its good work has earned it to be one of the platforms, in fact on several occasions it has been the one that more, that more volume of bitcoin operations with respect to the dollar enables its customers. Therefore, we are with a company with good experience in the market and well known among investors.

Our experience

This company has been offering its services to invest in cryptocurrencies for more than 6 years and has always done so with good security guarantees. This solid track record is already enough for us to think that it is not a scam, but it is also, as you will see in the following sections, it carries out good security measures that boost our confidence even more.

As for the investment, there is little to criticize. Investing through Kraken is fast and simple, meeting the expectations of anyone who wants to invest in cryptocurrency pairs. In addition, it also offers pairs of cryptocurrencies with respect to the dollar and the dollar and in the cases of the most popular cryptocurrencies even with respect to the yen, the British pound and the Canadian dollar.

Is this a KRAKEN scam?

Although there are many platforms to invest in bitcoins and other cryptocurrencies that make us doubt, in the case of this company the opposite happens. There is no place for scams here, thanks to measures such as the possibility of activating a two-step authentication system for the login and thus preventing anyone except you from accessing the account. But in fact they go into details further. For example, if a wrong password is entered, the messages that are received are totally neutral, in such a way that whoever has entered it cannot know if there really is a username like the one that has been tried. In this way, potential thieves will never be able to deduce that there is a username with which to deal with multiple passwords.

The account recovery system when the password is misspelled is also secure and works with a double authentication system. So that one of the weaknesses of many websites is eliminated that although they require very powerful passwords, then these can be changed by guessing obvious questions such as the name of a pet, a grandfather's surname or the name of a school.

Another thing we like is that the document upload system is isolated and fully encrypted, since they are aware that this is a critical security moment.

KRAKEN promotions

At the moment there are no promotions on this investment platform that has chosen to focus on offering the best possible service to earn the trust of investors. Something that seems to us a good strategy.

As we always say, in the event that they take out a promotion in the future, we will inform you about it in this section.

Trading cryptocurrencies on KRAKEN

On Kraken you can trade with 60 different cryptocurrency or currency-cryptocurrency pairs. This gives you the option to carry out multiple strategies, especially since in addition to the dollar and the dollar, they include the Canadian dollar, the British pound and the Japanese yen, which is not at all usual in the market. Therefore, if you are used to investing in currency pairs, this platform is where you can get the most out of your knowledge, since it gives you many more options than investing only with respect to your own.

The trading interface offers you a candlestick chart, on a black background so that your eyes don't get tired if you spend hours in front of the computer. The chart allows you to zoom in or out of it to see different intervals and time scales, as well as draw lines and other indicators that are usually drawn in technical analysis. It also informs you with the typical bar chart of the trading volume at all times. In addition, you can see a table with the volumes of supply and demand and in the right column you have the buttons to invest long or short in the currency you are analyzing.

You can easily switch currencies in the upper left corner and you can even set up alerts that notify you when certain supports or resistances are exceeded. In short, a very good investment platform.

The minimum commissions per trade are 0.26% for those who accept offers from other traders, slightly higher than the 0.25% that almost all competing platforms have opted for. Depending on the volume, the commission is reduced by up to 0.10%. As for market makers, the maximum commission is 0.16% which can go down to 0, but only in the case of really important trades.

The platform allows leverage from 2 to 5, but only for the case of bitcoin – dollar and bitcoin – dollar operations. Other cryptocurrencies available without leverage are bitcoin cash, ethereum, dash, gnosis, tether, ether, ether classic, iconomi, litecoin, melon, augur, dogecoin, lumen, monero, ripple and zcash. As you can see, more than enough for any investor.

Payment methods

The way to deposit money in Kraken right now is the bank transfer. In the case of New Zealand users, when making transfers within the SEPA environment, the company does not charge any commission.

For withdrawals, the transfer is also the method selected by this platform. The commission in case of SEPA transfers in this case is $ 0.09.

Safety and regulations

The truth is that Kraken takes both the security aspect and the transparency aspect very seriously. That is why we insist that there is no place for suspicions of scam when working with this platform.

To begin with, it has an audit system by which they prove that customer funds are kept securely. This system consists of an auditor checking the Kraken funds and that they match the funds in the users' accounts. But in an extra effort of transparency, the company allows users to check that their funds are stored securely, going to the Audit section of the Funding menu. In this sense, this is the most transparent platform we know, since it reliably demonstrates that it keeps customer funds in a cold wallet to which potential thieves do not have access.

Only the amounts necessary to carry out the operations and that there is liquidity on the platform are left out of these cold wallets. Of course, all wallets are encrypted.

The company's servers are located guarVegas Palms under strict security measures, which include armed vigilantes. They use separate systems for different activities, so that the agents who verify your documents, cannot access your account but only the documents, and the customer service tickets are also managed by another independent system in turn.

Customer funds are kept in separate bank accounts from the company's own funds, so your money is not used for the company's operational payments. In fact, your funds are not used for anything, not even to be lent to other users in leveraged operations.

Customer service

The support service works very efficiently on the basis of a contact form. From there, they answer you by email and so you can maintain communication.

At the moment they do not have a live chat or a phone where they serve customers. In fact, they warn on their website that if at any time they give you a phone to contact them, it is probably a scam.

The help section is very complete and will allow you to solve the vast majority of your doubts quickly without having to wait for an agent to answer you.

Functionality of the website

After our tests we were delighted with the operation of the website of this investment platform, both to operate with cryptocurrencies, to make income and withdrawals and to obtain any necessary information about its rates, operation, etc.

We are facing a company that is committed to transparency and it is something that shows. The only thing you have to keep in mind is that the website is in English and although it does not handle a complicated language, you should have some basic notions of this language.

Mobile application

At the moment there is only one Kraken app in iTunes for iOS devices. Its operation is not at the height of the web that you can access from your mobile browser without problems. However, trading from mobile is quite difficult, so it's really not the best investment platform if you're going to want to do it. In general we are very satisfied with the services of this company, but if mobile is your thing, it will be better for you to choose one of the other cryptocurrency investment websites that we recommend.

They don't have an Android app.

Finding

If you have come this far you will know that you are dealing with a legit company that puts all possible means to avoid frauds and scams. The big weak point is the mobile service, since they do not have an Android app and the iOS one is not very reliable either. But if you are going to invest from a computer, we have no doubt that Kraken will leave you satisfied, since it offers you many investment possibilities, leverage capacity and above all a great tranquility regarding security.

From Estafa.info we recommend this website to all those interested in investing in bitcoin, ethereum and the rest of the most popular cryptocurrencies among investors, as it is a very good option. However, you can also take a look at our general report if you want to see more alternatives .