• Kraken Logi𝕟 : krake𝕟 Stocks Login

     

     

    Working on the lines of a stock exchange that facilitates stock trading, San Francisco-based Kraken is a cryptocurrency exchange where market participants can trade the various cryptocurrencies. The participants are allowed to buy or sell the cryptocurrencies using various fiat currencies, that include U.S. dollars, Canadian dollars, euros, and the Japanese yen.

    Virtual currencies available on the Kraken exchange include the popular ones, like Ethereum (ETH) and bitcoin (XBT), and others that have gained traction in recent times, like EOS (EOS) and Monero (XMR).1

    Kraken was established in 2011, and it formally launched its trading operations in 2013.23 It is owned by Payward Inc. and is headed by CEO and co-founder Jesse Powell.4 It provides the easy movement of money to and from the linked bank accounts of the participant, and the movement of crypto coins to and from the participant's digital wallets from Kraken-linked trading accounts.

    How Did Kraken Become Popular?

    Over the years since its launch, a lot of factors have contributed to as a trading destination of choice for a variety of cryptocurrency market participants.

    As crypto-mania started gripping the world around 2014, Kraken, along with Coinbase exchange, was selected to provide the market data of bitcoin trading to the Bloomberg terminal.3 Getting associated with the leading market data provider helped Kraken gain popularity among the trader community. Bloomberg clients were then able to access virtual currency prices, charts, news, and social media posts through appropriate Bloomberg services and terminals.

    After having a smooth initial phase post-launch, Kraken made headlines in late 2014, when it was selected “to support an investigation into the missing bitcoins, as well as the distribution of remaining assets to Mt. Gox's creditors.”6

    Mt. Gox, which once claimed to be the largest bitcoin exchange, filed for bankruptcy in early 2014. It was struggling with a huge debt pile, and 850,000 lost bitcoins.7

    Up to that point, Kraken was not among the largest exchanges, and was primarily serving European customers through a partnership with Germany-based Fidor Bank, and had just started in Japan.8

    The selection of Kraken was based on its cautious approach and adherence to regulatory compliance.9 All Mt. Gox creditors who wanted to get back their lost bitcoins were required to open Kraken accounts, and the bulk of them continued to use its services. Kraken then quickly rose in popularity amid surging trading volume on its platform.

    In February 2016, Kraken announced it was making significant progress in its Mt. Gox investigations and had approved numerous claims from thousands of creditors of Mt. Gox.10 kraken login

    Growth during early 2015 was boosted by the launch of several new features that made cryptocurrency trading popular among the masses as well as among the professional trader's community. It included launching the margin trading facility and the dark pool services.1112 Dark pools clients are eligible for potentially better prices, as they are allowed to discreetly place large orders that get executed against similar-sized orders offering them a price advantage.

    Signing up with s similar to signing up for a stock brokerage or another cryptocurrency exchange. If you have all of your information handy, it takes only a few minutes to get your account up and running.

    When signing up, you’ll need to provide contact information including your name, address, phone number, and Social Security number. This information is part of what’s known as know your customer (KYC) requirements in the financial industry.

    To verify your account and access all trading features, you’ll need to provide additional information, including uploading a copy of a government photo ID and a picture of you holding that ID. Without adding this information, you’re stuck with limited account functionality.

    Customer Service

    Kraken account support is available 24 hours a day via live chat, phone, and email. We had a minor issue changing an account setting (mostly due to user error) and sent in a support ticket. Kraken staff responded and resolved the problem in about 20 minutes.

    While we had a great experience with customer service, not all users report the same outcomes. Some unhappy customers report trouble with funds due to hacking and trouble getting Kraken to release held funds.

    Customer Satisfaction

    earns just 2.1 out of five stars on Trustpilot, indicating many users have experienced significant problems. The most common complaints focused on long waits for customer support responses and holding funds beyond the initial security period.

    These customer service complaints are concerning, but it’s important to take both positive and negative reviews into account when choosing a cryptocurrency exchange.

    Account Management

    Account management is mostly self-service and handled through the Kraken website and mobile apps. If you have a laptop or desktop computer, you may find the large screen makes managing your account easier.

    In the Kraken dashboard, you can update settings, manage your approval level, add 2FA, manage API keys, and lock down your account.

    How Kraken Compares to Other Cryptocurrency Companies

    Kraken offers features beyond the typical industry competitor and slightly lower pricing than its most prominent rivals. Consider these differences between Kraken and Coinbase, another popular crypto exchange:

    Kraken 

    • Coinbase and Kraken both operate their centralized exchanges where users buy and sell from each other.
    • Kraken supports over 110 cryptocurrencies for spot trading. Coinbase supports more than 150 currencies.
    • Both feature the ability to earn through staking your cryptocurrency at varying interest rates. Kraken generally pays higher rates and allows users to stake with a larger number of coins.
    • Coinbase supports spot currency markets only, while Kraken also supports cryptocurrency futures.
    • Kraken trading fees are generally lower than Coinbase trading fees for most cryptocurrency trades. Both earn additional fees through a spread between buying and selling prices.
    • Read our full Coinbase review.

      Methodology

      Investopedia is dedicated to helping those interested in cryptocurrency investing make informed and safe decisions. We are committed to providing our readers with unbiased reviews of the top cryptocurrency exchanges for investors of all levels.


      Exchanges were reviewed on points including security, fees, number of cryptocurrencies available, and more. We also considered if the exchange is regulated by a proper agency or entirely decentralized. Our full cryptocurrency exchange methodology, including the review process and weighted data points, is available for review.