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✅LEGIT Kraken Reviews: SCAM or LEGIT?

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Kraken is one of the most reliable cryptocurrency exchanges. Kraken was founded in 2011 by Jesse Powell, making it older than even Coinbase and Gemini. They support a wide range of fiat currencies and cryptocurrencies with lower fees than most of its competitors. Kraken employs some of the best security measures and has already proved this by warding off some major hacks. They use cold storage along with 2-factor authentication, a master key and a global settings lock. They also offer a 24/7 live support chat around the world to answer any questions that you may have or help fix a problem.

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To sign up to Kraken you only need an email, a username, and a password. There are four tiers of verification each unlocked by giving more details about yourself (To comply with anti-money laundering laws) Upon first signing up you will become tier 0, which will allow you to log in and view the interfaces, but not allow you to deposit or trade. To reach tier 1 you must confirm your full name, date of birth, country and phone number. This will allow you to deposit and withdraw cryptocurrencies but not fiat currencies. It will also allow you to begin trading in any currency.

Tier 2 is unlocked by giving your full address. This tier will allow you to deposit and withdraw Euros depending on where you live. Tier 3 requires proof of identity (Photo of ID) and proof of residence to unlock, allowing you to withdraw and deposit using US dollars and Canadian dollars and also increases your daily deposit and withdraw limits. The final tier, tier 4, is unlocked by completing the KYC questionnaire and documents, and massively increases your deposit and withdrawal limits. This tier is meant only for businesses and high-volume individuals so don't be afraid if you don't want to go this far.

The minimum deposit and withdrawal limits are different depending on your country, the way you want to deposit/withdraw and which currency you wish to use. Bitcoin has no deposit fee but a 100,000 satoshi withdrawal fee, with the other cryptocurrencies having similar withdraw fees but no deposit fees. Trading fees are between 0% to 0.16% for makers and 0.10% to 0.26% for takers, depending on the volume of currency being traded.

As one of the most trusted cryptocurrency exchanges on the market, there is no way you can go wrong with Kraken. Is it designed to be friendly to newcomers and experts, and will help you easily keep control of all your cryptos.
 
Kraken a US cryptocurrency exchange firm tried to hack Trezor wallets to test if they're really secured. Guess what, they successfully did it and recovered the seed using varying voltages across its hardware. Later, they contacted Trezor to let them about this and come up with a new design plan.
 
I have heard alot about this wallet and I think its worth it to explore and see the massive value it can possibly offer.Only that I don't know if I will have the same services owing to the geographical location am in.That Is to be able to withdraw my cash and also small volumes of cash to be withdrawable.
 
Anyone staking on Kraken?
I have just joined on Kraken after waiting patiently to see activities on this thread.

And no I have not staked yet but o am hoping it has all the services as closer as possible to coinbase.
 
Kraken has a wide range of tokens that you can stake on and get profits.Am yet to make a deposit and woth draw .I will share my experience with the exchanger.
 
UPDATE
Crypto Expansion in Kraken

o Kraken has expanded trading on its platform by accepting 9 new tokens for trading. New tokens available for trading - CVX, FXS, MULTI, PLA, POWR, QNT, RARE, RBC, TOKE

This feature is currently not available for members in the US, Canada, Australia and Japan.

o Additionally other crypto secretwork (SCRT) has been accepted for submission and up to 20% staking.
 
No ETH unstake till Shanghai Upgrade

The ETH tokens staked in Karaken platform have been put on hold, the unstake will be allowed by the Shanghai upgrade. Ethereum Foundation has expressed the possibility of Shanghai upgrade after 6 to 12 months of the merge. This means now for kraken users, the ETH staked in it is stuck there for months or maybe year.

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Kraken attempt to lure ETH staking
Since Kraken is holding ETH stacked on its platform until the Shanghai upgrade, it has decided to introduce liquid staking of Liquid Collective on its platform to avoid frustration and encourage investors to invest for a longer period of time, Through this, those who stake ETH, will get a receipt token.

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New CEO of Kraken

The work of Kraken's founder and CEO (former) Jesse Powell has been entrusted to the company's COO, David Ripley. Jesse has thanked the Kraken team while leaving the job. Although Jesse is not leaving Kraken yet, he will now serve as the chairman of the platform. The division of their functions is not yet fixed.

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New CEO Claims Kraken is Strong

The new CEO of Kraken, David Ripley, describes Kraken as a strong platform, describing it as a complete veteran of a falling market. According to Ripley, Kraken is in pretty good shape right now, he claims that Kraken takes such times as an opportunity to move forward.

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New coins in Kraken, with Geo Restrictions

Kraken is adding New projects on its platforms, some which are coming this week are - AragonProject $ANT, AudiusProject $AUDIO, ensdomains $ENS, and helloiconworld $ICX.
These are starting tomorrow (28 Sep), however not everyone can use these because right now Kraken is doing gelogical restriction.
 
Referral Program Launched

Kraken has introduced referral program to enhance its platform. This is a one time CPA type of reward, Kraken users will receive $10 in bitcoin for inviting their friends and family members to Kraken as their referrals, a reward that can also go to new customers.

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Pressure Starts on Kraken

Kraken is expanding its crypto space, this time it included tokens from the Moon beam network, Mina Protocol, and Sia Foundation. Although this is affecting consumers, everyone is demanding their favorite crypto that is not yet added to Kraken, such as $AVAX, $FTM, $DASH, $QTUM, $IOTA etc.
Kraken could be under pressure.
 
TradeTalk Interview

Whether Kraken is building trade plans with Nasdaq or not, there was talk between Nasdaq 's TradeTalks and Kraken CFO Thomas Perfumo, who claimed that the crypto industry provides results in a year, not a month; he was defending cryptocurrency in its volatile nature and activities by Kraken in the industry which deals with investors.
 
Future Update
This time 3 more - Immutable $IMX, Quant $QNT, and Theta $THETA have been added to the expansion phase of Kraken. Its futures trading will be started from tomorrow (October 12). At the moment this feature is also not borderless, Kraken is building its limit by not providing the facility in all areas.
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New Improvements

Kraken has expanded its trading area.
10 popular tokens for trading with USDT have been issued - (ALGO, APE, ATOM, AVAX, MANA, MATIC, SHIB, SOL, XMR, XTZ)

Apart from this, they are also making new improvements in their app so that traders using mobile should be attracted.
 
New Tokens For USA and Canada
Kraken turns his attention to US and Canada, replacing Borderless with new tokens only for traders from these two countries - MOVR, BNC, PHA, KAR, AIR, BSX, TOK, KINT, KILT.
This is not good for global business, but the platform is trying to expand to North America.​
 
Metaverse Music Festival with Decentraland
Decentraland (MANA) Metaverse Platform has announced the second "Metaverse Music Festival" in collaboration with Kraken Exchange, which will run from November 10 to 13. Many celebrities are expected to attend it, and admission to everyone is free. This may be a good attempt to promote Kraken and MANA together.

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$APT Trading
Aptos blockchain based Aptoslabs' native token $APT is live in futures trading of kraken. Trading has started today (October 19), but this feature is not currently available to users in the US, Canada, and Japan. Aptos is new layer 1 blockchain, Kraken is first to accept it.
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