Every crypto exchange charges a fee that the users have to pay. Similarly, there are several other services that can be similar in nature but may vary in quality. This is why it is important for you to do your research and choose an exchange that suits your needs the most.

Therefore, if you are new to the crypto space then you first need to know what kind of exchange you are looking for and then explore your options. The Kraken exchange can be one of the best platforms for you to use since it is one of the most trusted and secure platforms.

However, you should still know more details about the exchange to make sure that it ticks all the right boxes for you. Here is some information you should have about the crypto platform before you choose it for buying or trading crypto.

Kraken Review on its Staking Service

Different crypto exchanges offer more services and features than just the buying, holding or trading of crypto. One of the services offered by limited crypto exchanges is staking.

Staking can only occur on proof-of-stake blockchains and requires staked tokens to validate the transactions. This service also means that as a user of an exchange that supports staking, you can put your crypto in a wallet or collective pool and collect rewards from it.

This brief Kraken exchange review focuses on the fact that staking is supported by the exchange. Therefore, if you want to use this platform then staking can be one of the ways you can earn some crypto.

Dark Pools

The Kraken exchange also offers one more interesting feature, which is called dark pools. With the help of this feature, the users of the exchange can place anonymous orders in the market. These are called dark pools and the people who place the trades are the only ones who have any information about it.

Level of Security Offered

The security offered by an exchange is one of the most important factors that should not be overlooked, especially by people who are new to the crypto space and are looking for a suitable exchange. The crypto space is an unpredictable place and you can eliminate the possibilities of experiencing any kind of risks by choosing a secure exchange.

Since security is an essential factor to consider, this brief Kraken review focuses on the safety and security systems offered by the platform. Kraken is one of the safest exchanges in the world as it is regulated by FinCEN and FINTRAC.

Here are some other security features used by the exchange.

• Global Settings Lock (GSL)
• High-end blockchain technology
• Kraken Master Key
• KYC for account opening
• Offline crypto wallet
• Two-factor authentications

Low Trading Fees

One of the most prominent factors about the Kraken exchange is that it has one of the best fee structures in the market. Choosing a platform that has a fair and transparent fee structure is important so you can steer clear of unsafe and unsuitable platforms.

Here are some details of the fee charged by the platform, mentioned in this brief Kraken exchange review.

• Fee for market makers: 0.0200%
• Fee for market takers: 0.0500%

Support for Leverage Trading

Another outstanding feature mentioned in this brief Kraken review is the fact that this platform supports leverage trading. It is also called margin trading and trading with leverage means you can borrow funds from your broker and place bigger trades without investing a big amount from your own funds.

Every crypto exchange does not support leverage trading, therefore, if you are interested in it make sure you choose a platform that does. It is also important for you to know that leverage trading helps people in getting some profits, however, those profits are not guaranteed and it can also result in huge financial losses.

Therefore, before tapping into leverage trading, make sure you choose a secure exchange such as Kraken exchange and be familiar with the concept of leverage trading.

Various Deposit Methods

The availability of several deposit methods mentioned in this brief Kraken review is yet another reason why it is a suitable exchange for every kind of crypto investor and trader.

This platform does not rely on a single method but supports the following.

• Credit card
• Cryptocurrency payments
• PayPal
• Wire transfers

Conclusion!

As a beginner in the crypto space, if you are interested in using a platform you should know some details about it so you can decide whether it is a suitable exchange for you or not. The above-mentioned details in this brief Kraken review can help you make an informed decision.