Kraken Exchange: Complete Beginner's GUIDE!! 📈

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- TIMESTAMPS -
0:00​ Intro
1:44 Who is Kraken
4:21 Kraken’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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⛓️ 🔗 Useful Links 🔗 ⛓️

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❓ Who is Kraken ❓

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.

🔒 Kraken’s Security 🔒

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 don’t get into the wrong hands.

Kraken’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 that’s led to Kraken being portrayed as enforcing their employees in a way similar to intelligence agents.

🤑 Supported Cryptos 🤑

When it comes to asset support, Kraken has over 80 different crypto’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.

🕴️ KYC At Kraken 🕴️

Alright, so Kraken requires KYC for all customer accounts. That’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, you’ll want to watch my vid for more info on those.

💶 How To Deposit Fiat? 💶

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.

₿ How To Deposit Crypto? ₿

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

📈 Trading Fees 📈

Alright, so using Kraken’s ‘Buy Crypto’ feature is going to cost you an arm and a leg. You’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 you’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.

📊 How To Trade? 📊

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

🤷‍♂️ Other Features 🤷‍♂️

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, Kraken’s educational hub is very useful too. Be sure to check that out.

📜 Disclaimer 📜

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.

#Kraken #Bitcoin #Exchange #Review #crypto #cryptocurrency

[rolandnelson]

The most important thing that everyone should think about now is how to invest in various sources of income that are not dependent on the government. Especially considering the current global economic crisis. It is always a good time to invest in various stocks such as gold, silver and digital currencies. Thank you to expert Olivia Lawrence for the coaching...

[countfirst]

Love Guy's videos. He never talks down to newbies. He understands their lack of knowledge, respects where they're coming from and tries to explain the material in simple terms.

[yubakrarai]

The best thing I like about Kraken is the instant chat customer support.

[philipgould]

Thank you so much mate. Englishman living in America learning more and more from you about crypto etc. I've already learned that I've made a lot of mistakes! But I thank you for giving me a lot more knowledge and guidance. Say hello to London for me and thank you very much!

[farrellsdogs]

Thank you. Total noob here.. superb information and delivery.. Great to have this much information in just one video..

[jimedmunds]

Great job, I'm brand new to Crypto investing and have been looking for someone who can explain things in a way and at a speed that is understandable, you hit the mark on both. Thanks again!

[luvrun]

Being a fairly new Crypto investor really like Kraken...great video for folks looking!!!

[anthonynash]

Downloaded kraken last night, perfect timing Guy

[Fufenscoops]

The intro rhymes alone are worth subbing for

[Ghostlite]

When I found Guy and this channel, my life changed, it's really unbelievable the amount of info here. Thank you guy and CB for everything!

[indianosandro]

I use kraken since 5 years and I can say it's very professional, easy to use and efficient!

[----icpw]

Thank you. There is so much shady information about crypto exchanges through google. This was clear and informative and answered most basic questions.

[kenmorrison]

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[TioWerth]

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[TheAnointedSamurai]

Excellent. More of these guy.👌🏾👍🏾
Plus how to buy using ledger & nano tutorials please.🙏🏾

[JohnWilliams-yu]

Been trying to reach them on the phone for 3 days they will not pick up the phone yeah give me a hard time to withdraw some funds. NOT HAPPY 😢😢😢

[olgamoore]

Thanks a lot for this guide! Highly appreciated❤️

[Donna]

Thanks for this video! I'm just looking into Kraken now that KuCoin won't be available after July 15th. 😞

[cintiaspataro]

Thank you, I'm a new subscriber, great didactic way to explain and teach 🙏🏼

[stevenzulauf]

Guy.. I never miss any of your videos... always excellent info.. and well explained. Thank you !