Kraken has made a name for itself as one of the most reliable cryptocurrency exchanges in the world. The main reason for this is its focus on security, which they believe is paramount to keep their users safe.
The security measures that they employ are many and varied. They offer two-factor authentication for all logins, withdrawals, and deposits. They also offer two different kinds of cold storage wallets – one type where funds can only be withdrawn by an authorized client and another with an offline mode to make it more difficult to hack the system.
Is Kraken a good crypto exchange?
Kraken is one of the major Bitcoin exchanges in the world and has been around for many years. They are regulated by the Financial Crimes Enforcement Network (FinCEN) and are based in San Francisco, CA.
Kraken has one of the most advanced trading systems in order to handle high volume trades in Bitcoin, making it easy for buyers and sellers to trade in Bitcoin with ease. Kraken also accepts deposits from credit cards, banks transfers, SEPA transfers with low fees.
Kraken does not charge deposit or withdrawal fees for moving money into or out of your account which is great because you won’t be charged when you move your own money into or out of your account.