Founded in July 2011 by Jesse Powell, Kraken Digital Asset Exchange is one of the older and larger exchanges currently in operation.
Kraken is a trading platform with many advanced features, such as quick deposits and withdrawals, stop-loss and stop-loss limit, trailing stop, trailing stop limit, take profit limit, stop loss take profit limit, leverage, margin trading. While not unsuited for beginners, Kraken is more focused on advanced traders, and its advanced tools will serve them better.
Kraken has 59 trading pairs, including various fiat pairs such as JPY, EUR, GBP and USD. Some of the more popular cryptocurrency offerings are Bitcoin Cash (BCH), Bitcoin Legacy (BTC), Litecoin (LTC), Ether and Ether classic (ETH, ETC), Monero (XMR) and more. Here is a complete list of trading pairs.
Total trading pairs: 59
Founded: July 2011
Deposit fees: No
Withdrawal fees: No
Trading fees: 0.00% – 0.36%
Margin trading: Yes
USA accepted: Yes
Verification levels and withdrawal limits:
|Individual w/o proof of source||$25k USD daily|
|Individual w/ proof of source||$100k USD daily|
|Corporate w/o proof of source||$100k USD daily|
|Corporate w/ proof of source||$1m USD daily|
Kraken Digital Asset Exchange Verification Process:
Tier 1 and 2 verification usually takes only a few minutes, but it can take much longer (a few days) if the application requires manual review.
Tier 3 applications usually don’t take more than a few days. Though if Kraken experiences a heavy influx of new users, processing times for verification can slow down. If you experience a delay, it doesn’t necessarily mean there is something wrong with your application.
When you visit Kraken’s website, you will be able to click the ‘sign up’ button on the homepage. You’ll be taken to a page where you’ll need to enter your email, username, password, country of residence, timezone, and have the option to enter master and PGP keys if you choose. After filling this form out you will receive an email to verify your account that includes instructions for doing so. This will allow you to log into the website and get started on the various tiers of verification.
Below is a screenshot of some of the info surrounding the various levels of verification: