A Kraken Crypto Review

Cryptocurrency trading is risky and could lead to losses. You should carefully review the risks involved before investing in these markets and only invest what you can afford to lose. Cryptoassets are a new and evolving asset class with many uncertainties, including price volatility and security risks. It may be a good idea to seek independent investment advice.

Jesse kraken crypto review in 2011 after building digital currency marketplaces and services for gamers. After Mt Gox collapsed in 2010 due to security breaches and poor operations, Powell focused on making Kraken a well-run exchange with a strong commitment to physical and financial security. The company has never been hacked and offers two-factor authentication for all accounts. It also encrypts information at both the system and data level. You can find more about security on Kraken’s site.

Fans of Kraken love the large range of currencies available, reasonable fees and robust security offerings. They may be disappointed, however, by its Trustpilot rating of just 1.4 out of 5 stars and the fact that the SEC has targeted it in lawsuits.

Kraken Crypto Review: Is It Worth It

Getting started on Kraken is simple enough, but the platform has an extensive list of features and can be confusing to learn. It’s not a good choice for beginners, but intermediate to expert users will likely find it intuitive and feature-filled for what they need. In addition, anyone who is looking to use the exchange with a bank account will need to be prepared for limited funding options (Kraken only works with 1,000 or so financial institutions) and possibly lengthy verification times before getting approved to fund an account.

Cryptocurrency trading is risky and could lead to losses. You should carefully review the risks involved before investing in these markets and only invest what you can afford to lose. Cryptoassets are a new and evolving asset class with many uncertainties, including price volatility and security risks. It may be a good idea to seek…