Kraken Pros and Cons

being able to have different application built in one e.g. taking payments and signing up customers. Review collected by and hosted on G2.com.

nothing comes to mind yet but if it does.... Review collected by and hosted on G2.com.

It is now nearly two years ever since I implemented Kraken. Prior to this tool, I was using LocalBitcoins which was full of fraudsters. With Kraken, I am able to trade (buy and sell) bitcoins. It has an iOS mobile application which is easy to use and has clean UI interface. Review collected by and hosted on G2.com.

Kraken offers low market value for Ethereum (ETH) compared to Coinbase Exchange. Review collected by and hosted on G2.com.

Kraken provides access to the widest range of tokens and is accessible globally. Many other exchanges either do not have the range of tokens or are limited in access based on geographic scope. Review collected by and hosted on G2.com.

In the early days, Kraken was sluggish and had high latency. This however has improved substantially over the years. I use to encounter issues with the site lagging or crashing probably due to scale at the time but as said this has come a huge way since then. Review collected by and hosted on G2.com.

Easy to setup account and purchase crypto. It allows you to purchase and export to a wallet easily. Very fast transactions Review collected by and hosted on G2.com.

Requires a lot of documentation, but nothing too complicated. Everything worked as intended. It has a learning curve but nothing too difficult. Review collected by and hosted on G2.com.

Kraken is user-friendly and straightforward full of innovative tools for crypto lovers ,It supports most of tokens and cryptos also the verification takes less than 4 mins that's awesome also monitoring the assets us easy on Kraken . Review collected by and hosted on G2.com.

I am so sad to see it doesn't support BNB which is one of the most popular crypto these days , I still can't figure out why some apps don't use specific tokens ans crypto but BNB is a must hope they can add it soon . Review collected by and hosted on G2.com.

The platform has a variety of crypto tokens to select, giving a client more options. The platform also offers high-level security through a well-organized and systematic verification process with a two-factor authenticator (2FA) security feature. Review collected by and hosted on G2.com.

The fees are relatively high if compared with Binance or Nexo. They also take time to enlist new coins on the platform, which makes clients feel they lose out on tokens that have sudden bull runs. Review collected by and hosted on G2.com.

I like Kraken's low fees, secure site, and how easy it is to use. Review collected by and hosted on G2.com.

Initially I did not like that there was no app, but now I see there is a new phone app available! There is a sequence and process to setting up an account, but once you complete it, you're set. Review collected by and hosted on G2.com.

Vert fast and friendly customer service and business documents review. Review collected by and hosted on G2.com.

Haven't found any downsides yet, everythings cool! Review collected by and hosted on G2.com.

Kraken has been great when compared to other exchanges I have used. There is plenty of volume to ensure that you will be able to execute orders and unlike others the orders actually go through when submitted.

They have been doing upgrades to the platform over the last few years since 2018 that have significantly increased the reliability of the platform. This has increased confidence in high volume order times significantly. Review collected by and hosted on G2.com.

The only negative I have is last year the platform was down for around 2 weeks while doing maintenance. This was just simply too long. (2018).

Looking at 2020 there have not been any issues with the platform so far. The only issue I had was getting approved for a higher level on my account due to a glitch on the site. It was an easy fix where you just had to email support. Review collected by and hosted on G2.com.

Kraken is a simple platform and easy to understand - whether you're new or old user.

Kraken's support team really helped us with a lot issues and problems - quick responses, deep understanding.

Kraken supports USD and EUR currencies - there are few crypto exchanges that supports fiat money, and if they are - they support only USD and not USD&EUR. Review collected by and hosted on G2.com.

Often, the list of the live orders got stuck, after refreshing it with CTRL+F5 its working again.

Kraken doesn't have a mobile application.

Kraken has small amount of crypto assets to trade (comparing to other cryptocurrencies markets). Review collected by and hosted on G2.com.