Kraken Exchange: Complete Beginner's GUIDE!! ๐Ÿ“ˆ

Kraken Exchange: Complete Beginner's GUIDE!! ๐Ÿ“ˆ

Coin Bureau has finally released a new video! We're happy to share it today on Croblanc. It was released on September 15, 2021 and it has already made a lot of talk on social networks!

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When we first saw the Kraken Exchange: Complete Beginner's GUIDE!! ๐Ÿ“ˆ video on the Coin Bureau channel, we knew our community would want to stream it as soon as possible. So we wrote this article to publish it as soon as possible.

The video is currently in vogue on the web and could be at the top of the trends on Google's VOD platform. After it was uploaded just 30 minutes ago by the Youtube channel Coin Bureau, many Internet users started to watch it with great interest. It is often like that on this channel which regularly publishes videos similar to the one we are talking about today.

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For your information, you can find below the description of the video Kraken Exchange: Complete Beginner's GUIDE!! ๐Ÿ“ˆ published by the Youtube channel Coin Bureau:

๐Ÿ›’ Get The Hottest Crypto Deals ๐Ÿ‘‰ http://www.coinbureau.com/deals
๐Ÿ’ธ Trade Crypto on ByBit ๐Ÿ‘‰ https://www.coinbureau.com/review/bybit/
๐Ÿ“ฒ Insider Info in our Socials ๐Ÿ‘‰ https://www.coinbureau.com/socials/
๐Ÿ‘• Our Merch Store ๐Ÿ‘‰ https://store.coinbureau.com
๐Ÿ”ฅ TOP Crypto TIPS In our Newsletter ๐Ÿ‘‰ https://www.coinbureau.com/newsletters/

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- TIMESTAMPS -
0:00โ€‹ Intro
1:44 Who is Kraken
4:21 Krakenโ€™s Security
8:16 Supported Cryptos
9:17 KYC At Kraken
12:00 How To Deposit Fiat?
15:19 How To Deposit Crypto?
16:05 Trading Fees
18:29 How To Trade?
21:58 Other Features
23:36 Final Thoughts

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โ›“๏ธ ๐Ÿ”— Useful Links ๐Ÿ”— โ›“๏ธ

โ–บ Kraken Review: https://www.coinbureau.com/review/kraken
โ–บ Kraken funding: https://www.bloomberg.com/news/articles/2021-02-25/crypto-firm-kraken-said-to-seek-roughly-10-billion-valuation
โ–บ Kraken licenses: https://support.kraken.com/hc/en-us/articles/360031282351-Is-Kraken-licensed-or-regulated-
โ–บ Supported cryptos: https://support.kraken.com/hc/en-us/articles/360000678446-Cryptocurrencies-available-on-Kraken
โ–บ KYC: https://support.kraken.com/hc/en-us/articles/201352206-Verification-level-requirements
โ–บ Fees: https://www.kraken.com/en-us/features/fee-schedule

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โ“ Who is Kraken โ“

Kraken opened its doors just two years after Bitcoin was unleashed upon the world in 2009 and is located in sunny San Francisco. They have also raised numerous rounds of funding and had talks earlier this year which valued the exchange at $10 billion.

CEO Jesse Powell has also revealed that the exchange could be listed on the stock market in just over a year's time too.

In terms of licenses, Kraken holds a plethora of those in highly regulated jurisdictions like the US, UK, Japan and Australia. So yep, all that makes Kraken the type of exchange you use when you value compliance.

๐Ÿ”’ Krakenโ€™s Security ๐Ÿ”’

The exchange boasts that it has industry-leading security. But what is backing up that bold claim?

Well, 95% of user funds are kept in cold storage. All sensitive account information is also encrypted with a ton of controls placed on access. All that is to ensure that those donโ€™t get into the wrong hands.

Krakenโ€™s servers are also placed in secure cages which are also monitored by armed guards! There are a plethora of other security precautions taken at Kraken and thatโ€™s led to Kraken being portrayed as enforcing their employees in a way similar to intelligence agents.

๐Ÿค‘ Supported Cryptos ๐Ÿค‘

When it comes to asset support, Kraken has over 80 different cryptoโ€™s available to trade. That includes pretty much every major crypto, alongside a host of more exotic plays.

In terms of supported countries, all nations on the usual naughty list are blocked, as well as the US states of Washington and New York.

๐Ÿ•ด๏ธ KYC At Kraken ๐Ÿ•ด๏ธ

Alright, so Kraken requires KYC for all customer accounts. Thatโ€™s not surprising, seeing as it is a fully regulated exchange. However, there are four different KYC levels at Kraken which unlock different features. So, youโ€™ll want to watch my vid for more info on those.

๐Ÿ’ถ How To Deposit Fiat? ๐Ÿ’ถ

Some deposit methods are insanely expensive. However, Kraken does have a few free deposit methods tucked away. Watch my video for more details on those.

โ‚ฟ How To Deposit Crypto? โ‚ฟ

Honestly, depositing crypto on Kraken is quite straight-forward. I show you all the steps on how to do that in my vid.

๐Ÿ“ˆ Trading Fees ๐Ÿ“ˆ

Alright, so using Krakenโ€™s โ€˜Buy Cryptoโ€™ feature is going to cost you an arm and a leg. Youโ€™ll pay up to 1.5% in fees over there. However, KrakenPro does offer more reasonable fee levels starting out at 0.16% in maker fees and 0.26% in taker fees. Yes, if you are a big crypto trader, then youโ€™ll be able to take advantage of lower fees.

But be aware that there are other exchanges that offer significantly lower trading fees than Kraken.

๐Ÿ“Š How To Trade? ๐Ÿ“Š

I do a complete walkthrough on this in my vid. So, be sure to check that out!

๐Ÿคทโ€โ™‚๏ธ Other Features ๐Ÿคทโ€โ™‚๏ธ

Yes, Kraken offers margin and futures trading. However, I would recommend staying well away from all that. On the exchange, you can also stake your coins to earn crypto interest. Some of the interest rates on Kraken are pretty tasty

Also, Kraken offers you access to Parachain auctions. This gives you the opportunity to secure yourself some tokens when the project is still in its infancy. So, that could be of interest to you.

Also, Krakenโ€™s educational hub is very useful too. Be sure to check that out.

๐Ÿ“œ Disclaimer ๐Ÿ“œ

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.

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