Is Kraken.com legit or a scam?
Kraken.com is not a scam; it is a legitimate broker company. It is one of the safest cryptocurrency exchanges available in the trading world. According to the research, this broker company kept 95% of deposits in cold storage to keep them secure.
They used reserves to ensure liquidity. Security is the first thing that comes to any person’s mind. In this regard, Kraken reviews told us that it is the most secure company in the US.
What is Kraken?
Kraken.com was founded by Jesse Powell and Thanh Luu in 2011. It is recognized as the leading and most secure cryptocurrency exchange platform in the US. It is known for its advanced security measures.
Kraken has over 10 million trusted clients in 190 countries. It offers a wide range of features, tools, and cryptocurrency exchanges. Users can trade with various fiat currencies on the platform.
- Euros
- US dollars
- Japanese Uem
- British Pounds
- Canadian dollars
- Australian Dollar
Kraken Details
Website address | Kraken.com |
Main Location | San Francisco, US |
Daily Volume | 5947.8 BTC |
Mobile app | Yes |
Parent company | Payward, Inc |
Transfer types | Bank transfer, crypto transfer |
Supported fiat | USD, EUR GBP, JPY |
Supported pairs | 138 |
Margin trading | Yes |
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Deposits and Withdrawals
Many customers have complained about the withdrawal and deposit issues. The money takes a lot of time to withdraw and sometimes gets stuck. The deposit fees are very high.
Account Types
The number of accounts Kraken review offers is 3, which are standard, intermediate, and pro. Each has different forms of verification identity and timings depending on the account level you choose.
Red Flags and Warnings
According to our deep research, Kraken Review is overall found to be the most trusted and secure platform among users. No one has ever complained about it recording any scams or hacks. It contains high-level security and advanced, user-friendly tools. That’s why there are no warnings or red flags for Kraken scam broker houses.
Read our carefully selected list of 100 top-regulated brokers to make Safe investment decisions in legitimate companies.
Customer complaints and negative reviews
As we all know, every trading platform contains cons, and no platform works 100% perfectly. Many users found it difficult, complained about the Kraken scam feature, and gave a negative review.
These Kraken reviews are essential to consider to improve those mistakes and complexities for the user. However, some of the complaints and negative reviews found by the users are:
Another complaint by the user:
Another complaint by the user:
FAQs
How secure is Kraken?
Kraken is a leading regulated exchange platform that has never been violated. 100+ sources have declared it to be the top traits and reliable platform.
Is Kraken more secure than Binance?
Yes,It is more secure than Binance in terms of its commitment to transparency and protection for the trading industry.
What is the risk of online trading?
Online trading has a risk, specifically for those learning to buy stocks for capital gains or dividend growth. The ease and accessibility of online trading may give the impression that it is simple, but this can be deceptive. With lower costs and faster speeds, online trading can tempt even conservative investors to trade too frequently. It is essential to approach online trading with caution and make informed decisions.
Got scammed by Kraken.com? We help victims!
Unfortunately, you are stuck by the Kraken scam broker house. However, there is hope. Reportscammedbitcoin.com to report the scam and get your funds back. Our professional team assists individuals who have been scammed on any platform. We have the expertise to guide you through the necessary steps.
