Choosing a cryptocurrency exchange to buy and sell cryptocurrencies can be a challenge and sometimes a problem! Although in the last one or two years, along with the increase in the value and popularity of cryptocurrencies, we have witnessed the increase and development of online exchanges with various facilities, but the news of hacking exchanges and stealing people's capital in this way has not been less. Kraken Exchange is one of the safest and best cryptocurrency exchanges for trading more than 250 pairs of cryptocurrencies. Kraken Exchange is headquartered in the United States and has not been hacked since its inception.
kraken clone script is a ready-made crypto exchange script that helps you to provide a website like kraken. The kraken clone script describes software that has all the existing features present in the Kraken exchange platform.
What is Kraken exchange?
Kraken is a large US-based exchange that opened in 2011. This exchange is famous for its high security, advanced trading facilities and low fees. The exchange offers services to its customers in North America, the European Union and Japan based on USD, EUR, CAD, GBP, JPY and a wide range of digital currencies.
The exchange introduces itself as "the largest bitcoin exchange based on the volume of euro transactions" and currently ranks eighth in the 24-hour CoinMarketCap chart. This powerful, accurate and secure exchange is a great option for professional traders, but not very suitable for beginners. The exchange has so far been particularly attractive to European traders.
In addition to being a pioneer of transparency in the financial industry, Kraken has consistently been ranked as one of the safest exchanges. Despite all the criticism, Kraken will remain a reputable exchange.
note: Kraken is a very secure trading platform. Despite being one of the oldest cryptocurrencies exchanges, it has managed to report its customers' assets without any security incidents so far.
Kraken exchange features
An important feature of cryptocurrency exchanges is the services they provide. Some crypto exchanges are focused on creating a pure trading platform, others are willing to provide more services to their users. Kraken in 2013 was just a pure trading platform. 8 years later, the exchange provided a range of services to its customers, and in this way, it was able to overtake its competitors. Here are some of the notable services it offers:
• Margin trading
• Good matching Engine
• Contract transactions
• Spot trading
• Future trading
• OTC trading
• Multiple versions of mobile apps
• training resources
• Customer service
• Live order office system
• Multilingual support
• Liquidity API
• KYC / AML
• Advanced UI / UX
• Live Trading Charts
Premium features of Kraken Exchange
• Ability to provide Prochart application for deeper analysis of currencies.
• Provide Coinone wallets to store important currencies.
• Ability to provide two-step verification for added security.
• The 24-hour support of Kraken Exchange.
Advantages of Kraken Exchange
• High Security and reliability
• Trading tools
• Low transaction fees
• two-factor identification
• Highly competitive trading costs
• Support for Fiat currencies
• Possibility of Margin Trading
• multiple budget options
• easy-to-use web and mobile applications
• The upper limit of the transaction limit
• Beautiful design
• Widely available
• Popularity and fame
• Higher Liquidity
Disadvantages of Kraken Exchange
• Low number of supported cryptocurrencies
• Poor customer service
• taking a long time to register new accounts (Taking registration of new accounts)
• slowly authentication
• Sophisticated user interface
• Strict adherence to KYC regulations
• Leverage for margin trades capped at only 5x
What fiat currencies available on Kraken?
• US Dollar (USD)
• Japanese Yen (JPY)
• Canadian Dollars (CAD)
• British Pound (GBP)
• Euro (EUR)
• Australian Dollar (AUD)
• Swiss Franc (CHF)
There is a wide range of Fiat foreign currency deposit options, including SEPA, ACH and electronic money transfer on Kraken Exchange.
Kraken Wonderful Stats
• Kraken was launched in 2013. The company says that more than 7 million users currently use this platform.
• According to the latest statistics, Kraken Exchange has more than 2,000 employees.
• The exchange ranks fourth in terms of daily trading volume, amounting to $ 950 million.
• Kraken Exchange is supported in more than 176 countries.
• The number of cryptocurrencies supported in Kraken is 72, which is a very good number compared to other crypto exchanges.
• The exchange supports the US dollar, the euro and five other Fiat currencies.
• The staking bonus in Kraken is 1.5 to 40%.
• In this exchange, the minimum transaction amount by credit card is $ 10.
• Normally, the fee for this exchange is between 0 - 0.26%. This amount of fee is one of the lowest fees compared to other exchanges.
• Currently, it is not possible to use the platform in Washington and New York.
Kraken Clone Script
Kraken clone Script is a platform very similar to Kraken Exchange that has all the features and capabilities of Kraken. This cryptocurrency exchange software has been developed with advanced technology and customization options and has been tested in terms of design, analysis and development. Like Kraken Exchange, this script also supports a wide range of cryptocurrencies such as Bitcoin, Ripple, Ethereum, and more.
Also, on this platform, you can customize and add more trading features to suit your business needs. Kraken clone software security is developed using advanced systems to prevent malicious activity and malware. In addition, Kraken exchange clone script is fast, hassle-free, scalable, cost-effective and user-friendly. People who have used this script so far, have made a significant profit from the market. For this reason, there is a great demand for the development of Kraken clone script.
Highlights of Kraken clone script
Trading features play a key role in building a trading platform such as Kraken. Kraken clone script offers investors basic, advanced and professional options for cryptocurrency trading. Let's take a look at the ideal features embedded in Kraken Clone Script:
• Live order office system
• Multilingual support
• IEO Launchpad
• Digital wallet integration
• Integration of crypto payment gateways
• Margin trading
• future trading
• Live Trading Charts
• Liquidity API
• KYC / AML
• Provides over 70 cryptocurrencies
• User-friendly content production system
• Referral marketing option
• Management dashboard
• Advanced UI / UX
White label Kraken exchange clone script
Kraken is one of the largest cryptocurrency exchanges in the world with over 6 million users. Many entrepreneurs are looking to create an exchange like Kraken. There are two ways to start the process of Kraken clone app development.
• Sketch your plan from scratch.
• Use the White Label Kraken software
The White Label Kraken Platform is a ready-to-launch exchange like Kraken. This is a fully functional, secure platform that has features similar to the Kraken exchange feature, and anyone can trade in digital currencies and Fiat.
If you like the first solution, you have to spend more time, money and effort. With White Label Kraken Exchange, you can have your own exchange in less than 2 weeks. You can also completely customize it and include the features you want.
Benefits of white label Kraken clone script:
• Customizing options
• Fully secured
• Short start-up time
• Monitor the work process
Remember that the cryptocurrency exchange website development cost in the form of a white label is much cheaper than developing an exchange from scratch. While, it has the same features of Kraken exchange.
Volume of transactions on Kraken exchange
Kraken Exchange is ranked fourth in the top exchanges of Kevin Market Cap in terms of trading volume. Kraken has great liquidity because its average daily volume is about $ 45 million, so if you want to buy large amounts of bitcoin, the Kraken exchange is a good option. This can show the popularity of this exchange compared to its other competitors.
• Direct – 1.5% for crypto and 0.9% for Stablecoins (e.g., USDT)
• Debit/Credit cards – 3.75% + €0.25
• Wire Transfers/SWIFT/FPS/SEPA, etc. – 1.7% + $0.10
• Maker fees: 0.16% – 0.00%; Taker fees: 0.26% – 0.10% (the higher the 30-day trade volume, the lower the fees)
• Stablecoin trades, Maker/Taker fees: 0.20% to 0.00%
• Futures trades, Maker fees: 0.02% to 0.00%; Taker Fees: 0.05% to 0.01%
• Margin trades, opening fees: 0.01%to 0.02%; Rollover fees: 0.01% to 0.02% every 4 hours
Kraken clone app
Kraken clone app is available to users in both versions of Android and iOS. Kraken clone app is a great solution for customers who need more flexibility to access their accounts and can trade at any time and place. There are three different mobile apps available called the New Kraken App, Kraken Pro, and Kraken Futures. All are available in the Apple AppStore or Google Play store.
The New Kraken App features:
Is Kraken Exchange Better or Binance?
Kraken: The best option for users looking for Fiat currencies, a good user experience and withdrawals from cheap accounts in Europe.
Binance: The best option for users who want to trade scarce digital currencies and experience many trades a day.
Result: Both can be good for you. So, it is better to decide according to the points examined and your personal needs.
Advantages of Kraken exchange compared to other exchanges:
• Types of transactions: This exchange has a larger number of transactions compared to other exchanges
• Number of countries it supports: Kraken exchange supports about 200 countries, which is a high number compared to most exchanges.
• Suitable for professional traders: This exchange is more suitable for professional traders due to its complex user interface.
• Lower costs: This exchange is more suitable for people who are looking for lower costs. In addition, the exchange offers margin and futures trading
• Number of cryptocurrencies available: This exchange supports a large number of cryptocurrencies that many of them are not available in other exchanges. Kraken is the only of the exchanges that offers access to Monero.
• Margin trading: One of the great advantages of Kraken is the margin trading, which is great for risky traders. It means a transaction by borrowing from an exchange office. You trade with other users' money in the form of P2P loans.
• High security: This exchange has a very high level of security and users can completely trust this exchange.
• Trading volume: This exchange is ranked fourth in terms of trading volume, which is a very high number compared to other exchanges.
Kraken for beginners:
Kraken Exchange has a good user interface for its web and application. This exchange has an application for beginners which is very ideal. Starter level verification requirements are so low that any beginner can easily register and trade. In addition, Kraken has an educational resource to speed up the blockchain business.
Kraken Exchange Security
Kraken has never been hacked and is considered a valid cryptocurrency exchange. One of the good features of this exchange is the two-factor authentication or "2FA". By activating this feature, you can greatly increase the security of your exchange account. Another good action of this exchange is the security key. If you activate the security key of your exchange account, you can log in to your account again by forgetting your password. After determining the security key, take care of it and be diligent in maintaining and taking care of it.
How is trading on Kraken exchange?
Kraken Exchange is one of the oldest and most famous cryptocurrency exchanges in the world, which has gained its reputation due to the security and high volume of bitcoin transactions in Euros. The exchange was founded by Jesse Powell in 2011. The Kraken Exchange offers 47 currency pairs with seven base currencies, including the US dollar to the British pound.
Kraken Exchange is one of the few cryptocurrency exchanges that offers 5 times margin lending in transactions as well as future transactions. International users can now trade margin trading, but are unable to participate in futures markets.
Kraken Exchange Staking
One of the attractive features of Kraken exchange is staking. With the staking feature, you can get rewards by buying and keeping some digital currencies in the exchange. Kraken offers its users an easy way to participate in staking by holding their assets with the exchange. As this feature is not available for all digital currencies supported by this exchange, you can get rewards by converting digital currencies to each other. Kraken exchange staking is paid twice a week, the amount of which depends on the type of coin. You can generate extra income by staking digital currencies. In addition, by increasing the cryptocurrencies value on which the staking is done, your profit will be much higher.
What are the methods of charging Kraken exchange account?
There are several ways to top up your exchange account and buy digital currency:
Recharge your Fiat currency account directly through services like Plaid. It should be noted that the fee for each of these services is different. This method requires KYC or authentication to charge the account. Recharge your account via credit cards. In this method, you have to pay 3.75% + $ 0.25, commission.
You are not allowed to withdraw from the account for up to 72 hours after opening the account and recharging it; But as soon as the account is charged with Fiat currency through one of the two methods mentioned, you can choose the digital currency you want and place your purchase order. Note, however, that some cryptocurrencies are only purchased using other cryptocurrencies; In fact, it is not possible to buy them using Fiat currency. For example, if you want to invest in EOS, you cannot use Fiat currency. You must first purchase Bitcoin or other cryptocurrencies and then convert it to EOS through trading.
How to create an account in Kraken exchange
Creating a trading account in Kraken is easy. You can create your account with a few clicks. If you are in Asia, Europe, Africa or anywhere in the world, you can create your account in seconds by connecting to the Internet. To create your trading account in the exchange, you will do the following:
• Enter the Kraken exchange
• Click Create Account or Get Started
• Find the option to enter your email address, username, password and country of residence
• Simply click the Create Account button and your account will be created in seconds.