Streamlined Account Setup and Crypto Purchases

Kraken Exchange Review interface balances the needs of beginners and advanced traders alike. The exchange also has an extensive range of cryptocurrencies and fiat currencies to choose from. The exchange also prioritizes security, using rigorous protocols such as two-factor authentication to safeguard user funds.

As a leading cryptocurrency exchange, Kraken offers one of the most reputable trading experiences. Its customer support is available through phone and email, and the website features a comprehensive help center and detailed FAQ section. The company scores 2.0 out of 5 on Trustpilot, which is a low score but still indicative of the level of customer service offered.

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Despite being one of the most established cryptocurrency exchanges, Kraken is not without its drawbacks. The site is not open to residents of New York and Washington, and margin trading is only available for institutional investors with high net worths. The exchange is also not compatible with broader investment apps such as Robinhood and Webull, as it does not allow users to trade other assets beyond crypto.

The fees on Kraken are reasonable, with maker and taker prices charged based on the amount of volume traded. The site is also safe, with an excellent track record of no hacks in its over 10-year history and extensive security measures including cold storage for the majority of user assets. In addition, users can bolster their security by adding two-factor authentication for sign-in and withdrawals.