Kraken Digital Currency Exchange Review

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3 years ago
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Read the full the article: https://decentralised.news/kraken-cryptocurrency-exchange-review/

The Positives
1) Their security is a priority, with most of the funds locked away in cold storage at a high-security location.
2) 2-Factor Authentication measures
3) Kraken supports USD, EUR, GBP and CAD for fiat purchases (though users will have to go through KYC checks) – to clarify, users can make instant purchases but they cannot deposit fiat currency (except in Canada).

The Negatives
1) Kraken is barred from operating in Afghanistan, Cuba, Iran, Iraq, Japan, North Korea and Tajikistan. It previously operated in Japan, but banking regulations forced them to stop.
2) The platform is hard for beginners and first-time buyers as the interface is not as simplistic as rivals Gemini and Coinbase.
3) ID verification is required to get past the withdrawal limits, so there’s not as much anonymity as other platforms.

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