Kraken, one of the oldest cryptocurrency exchanges in the world, has been a part of the blockchain system since 2011. Kraken, which was founded in 2011 and started its trading activities in 2013, operates under the umbrella of Payward Inc.
The founding partner of the exchange is Jesse Powell. Kraken exchange is based in San Francisco. The company has grown rapidly with hundreds of employees covering the world.
Kraken exchange facilitates participants to buy or sell cryptocurrencies using US Dollar, Canadian Dollar, Euro and various fiat currencies. It has a high trading volume compared to many exchanges. It is a trusted stock market in the crypto money market that it has been serving for many years.
The exchange provides support for depositing and withdrawing fiat money from its customers’ bank accounts, as well as the movement of cryptocurrencies between wallets. In 2014, Kraken became one of the most respected exchanges in the industry. Kraken has established links with banks from Germany and Japan.
Kraken has a variety of account types that meet the needs of all types of traders and investors. With its advanced ordering system and trading tools, including a large pool of cryptocurrencies to trade, Kraken is one of the unique cryptocurrency exchanges.
If we examine the advantages and disadvantages of the Kraken exchange:
Advantages
- Account security is good.
- Commission rates are average.
- It is possible to earn a profit with the reference system.
- It has a comprehensive and understandable interface.
- In addition to Bitcoin (BTC), altcoins are also available in the market.
- The trading volume of the stock market is at a good level, above the average.
- The Kraken exchange has not suffered any known hacks since its inception.
Disadvantages
- Turkish language support is not at a good level.
- Deposits and withdrawals from Turkey cannot be made directly.
- From time to time, there are access interruptions due to processing intensity.
