Aside from Coinbase, Kraken is likely the second largest hub for Bitcoin trading in the world. But the platform doesn’t stop at Bitcoin — the cryptocurrency trading platform currently offers access to over 15 different currencies and continues to add new featured currencies.
From Monero to Augur, Kraken supports many smaller coins that Coinbase hasn’t yet added to its list of offerings. Kraken is based out of San Francisco and is available in most countries around the world.
Kraken also offers some of the best security features in cryptocurrencies. With two-factor authentication, 24/7 customer support and multi-stage encryption, you can rest assured that your coins are safe in your Kraken account.
Kraken’s tiered fee schedule is also very reasonable — you’ll pay between 0.10% and 0.42% per month depending on how often you trade. Though Kraken doesn’t currently support crypto purchases made with credit cards, its intuitive platform, simple fee structure and nonstop customer support make it an ideal option for traders around the world. Crypto traders might seek a Kraken alternative due to their slow customer service, but the platform is still highly recommended and used.