Kraken puts the power in your hands to buy, sell and trade digital currency. They give you the power to hit the ground running, no matter your experience level. Make easy deposits and withdrawals, measure your portfolio's performance and keep track of all of your digital assets in one convenient place. They earn trust through the best security in the business — most of their digital assets are held safely in cold wallets so bad actors can't reach it.
How you make money
Kraken has an ever-growing number of cryptocurrency pairs for you to invest in and a slew of tools and features for you to leverage as you grow your portfolio. They offer exceptional liquidity and competitive pricing for all their markets so you can achieve your investment goals quickly and confidently. Through Kraken you can buy cryptocurrencies with relatively low fees and earn through the appreciation of the cryptos. Once you own crypto, you are also able to earn passively by staking it. Kraken offers margin trading as well as futures trading.
How Kraken makes money
Like other crypto trading platforms, Kraken charges Trading fees, Stablecoin fees, FX fees, Dark Pool fees and Margin Trading fees. Krakens fee schedules are volume-based so the more you trade, the lower your rate (this can get to 0%). Maker fees start from 0.16% and Taker fees from 0.26% for trades less than $50,000. As you trade more, these fees are reduced. There is a 0.9% fee for purchasing stablecoins (USDT, USDC or DAI) with USD or purchasing them with another stablecoin. Purchasing a stablecoin with another cryptocurrency (like BTC) will result in a 1.5% fee.
Is it safe?
Kraken is one of the largest and oldest cryptocurrency exchanges in the world. They are consistently named one of the best places to buy and sell crypto online, thanks to their excellent service, low fees, versatile funding options and rigorous security standards. They’ve been on the forefront of the blockchain revolution since 2011.
They’ve assembled a global team of top security professionals who take a risk-based approach to ensuring their clients’ assets are protected at the highest levels while maintaining exceptional performance and an unparalleled client experience. Their team has decades of experience building security programs for the world’s top brands, investigating the largest consumer data breaches, developing security technology trusted by millions of businesses and discovering vulnerabilities in the technology used by billions of people every day. It is important to understand the risks surrounding cryptocurrency before you invest. Despite the risk concerns surrounding cryptocurrency, Kraken can be trusted due to their excellent security measures and strong track record.