Kraken is one of the most established cryptocurrency exchanges. It has a robust portfolio of over 210 assets, including fiat options and a variety of cryptocurrencies. It also offers a variety of advanced trading products, such as margin and futures. Its mobile app is informative and can track daily volume, market cap and 15-minute price changes. For new users, the Kraken Learn section has extensive resources on different cryptocurrencies and their use cases.URL :theinvestorscentre.co.uk

What UK Traders Need to Know About Kraken Features and Costs

Security is high, with the majority of deposits kept in offline, air-gapped, geographically distributed cold storage. Transactions are protected by a multi-signature wallet and two-factor authentication is available for sign-in, withdrawals and trades. Additionally, the platform is often audited by independent firms.

Fees on Kraken Pro are reasonable and tend to decline with increased trading volumes, though higher fees are incurred for Instant Buy orders. The exchange is also prepared to compensate its users in the event of a security breach.

Despite this, Kraken scores only 1.4 out of 5 at Trustpilot (a home for user reviews). The platform can be confusing and daunting to new users, as it requires a bank account connection and verification level to access most features. Depending on the verification level, users may run into funding and withdrawal limits. Adding more information and documents can unlock higher limits, but this can be time-consuming. The platform also has a history of user complaints regarding poor customer service.