Navigate Digital Assets with Kraken

Kraken is one of the earliest and currently known cryptocurrency exchanges still offering buy/sell services. The platform has been operating since 2011 and has 7 licenses. Thanks to numerous investment programs, the exchange is developing rapidly to date, offering not only numerous tools for cryptocurrency speculation, but also data security and convenience of the platform. 

In today’s Kraken review you will be able to learn about the exchange’s features and trading conditions. After reading the article, you will be able to decide for yourself: is it worth trading here?

Kraken Platform Efficiency

Usability of Kraken crypto exchange

Although the platform is considered old in the online world, the design and usability are up to modern standards. Kraken crypto exchange stands out for its intuitive interface, where all the necessary information or functions can be found in a few mouse clicks. The main menu of the exchange is logically structured and provides quick access to the most important sections:

1. “Explore” is an overview of the platform’s trading tools and services;
2. “Prices” is an overview of the value of cryptocurrencies;
3. “Why Kraken” is information about the company;
4. “Learn” is a tutorial for beginners;
5. “Support” is ways to contact the support team.

Kraken’s trading interface is a real boon for technical analysts. It features customizable charts from TradingView, which offers more than 50 indicators for in-depth market analysis. Traders can monitor up to four charts simultaneously on one screen, which is especially useful for multi-market analysis and comparing different assets.

Trading Features and Tools on the Kraken Platform

Kraken exchange offers an impressive array of trading tools to meet the needs of even the most demanding trader. 

• Market Order is executed instantly, guaranteeing a trade at the market price.
• Limit Order provides control over the entry or exit point of a trade when it reaches or exceeds a certain price.
• Stop Order automatically adjusts the Stop Loss level when the price moves in the trader’s favor, helping to maximize profit and minimize risk.
• Conditional Order allows you to automate trading and react to market changes, improving position management and minimizing the human factor in decision making.

For technical analysis, you will find specialized tools to help you make informed trading decisions based on current data. 

• The Depth Chart visualizes the order book and helps you assess the current market depth. 
• The unique Kraken Volatility indicator provides insight into current volatility, which is especially valuable in the dynamic world of cryptocurrencies. 
• Integration with Cryptowatch gives you access to advanced technical analysis right on the platform.

Kraken puts security first.

• Customizable trading volume and withdrawal limits
• Two-factor authentication with hardware key support
• Global settings lock feature to prevent unauthorized changes to account settings

Trading on Kraken crypto exchange

Trading on Kraken crypto exchange is a pleasure for experienced traders and a unique opportunity for beginners to improve their trading skills. 

To trade crypto assets, Kraken offers a variety of options:

• Margin trading allows for leverage of up to 5 times on the spot market, which opens up opportunities for riskier, but potentially more lucrative strategies.
• The futures platform offers risk management tools such as a built-in PNL calculator, as well as access to open-ended contracts with impressive leverage of up to 50x.
• Kraken’s NFT marketplace allows you to not only buy and sell digital collectibles, but also use them as collateral for loans.
• Other features include OTC trading for large trades, staking with selectable lock periods, and a pending order feature.

Kraken crypto  exchange also offers attractive ways to make money. Your assets are always available to trade or withdraw with no lock-in period. You can earn weekly rewards in the same cryptocurrency you store, be it Ethereum, Polkadot, Cardano or others. These rewards are automatically added to your balance, providing compounded asset growth. With a single tap, you can optimize your portfolio and generate passive income even from assets that would normally lie dormant.

For beginners and experienced traders from Malaysia, Kraken crypto exchange offers an extensive database of educational materials and a regularly updated blog with market analysis. If you have any questions or problems, the support team is available 24 hours a day via live chat on the website or via email, providing prompt assistance in multiple languages.