Kraken 🚀 for beginners is an explainer video for newcomers where we touch insightful points around:
- What is Kraken?
- How it works?
- How to get involved?
Everything you need to know about Kraken for beginners, we delve into all the information you will need to get started.
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Read our Video Script:
Kraken is a low-risk, beginner-friendly crypto exchange that was founded in 2011 by Jesse Powell and has over 9 million clients worldwide. With Kraken, you can trade more than 100 cryptocurrencies and tight spreads are guaranteed. You can also leverage your trades by up to 5x and increase your earnings with the Kraken staking program. The Kraken customer support team is available 24 hours a day, 7 days a week and if you are new to crypto trading, you’ll find some great how-to guides, videos and podcasts on the Kraken website. The mobile apps are designed to be beginner-friendly. Safety is no issue with Kraken because this exchange is the first crypto company ever to be awarded a US state banking charter, making Kraken a Special Purpose Depository Institution an SPDI which is a bank that operates under the supervision of the Wyoming Division of Banking under strict regulations.
Kraken has made a great effort to make the platform safe, so let’s start by looking at why this is one of the safest crypto exchanges you can trade with. Once you’ve created an account and secured it, you’ll be able to trade more than 100 of the most liquid and most popular cryptocurrencies. Before you can buy crypto, you will need to fund your account. You can fund your Kraken account with fiat currencies using third-party payment apps, wire transfer, and debit or credit cards. You can also fund your account using the crypto you already have. If you’re an institutional client, Kraken offers special corporate-level funding methods.
Once you’ve started building your crypto portfolio, you can try some new things - like leveraging your trades or staking the crypto you own. With Kraken, you’ll be able to leverage your trades by up to 5x and if you’re interested in staking crypto, you can earn up to 23% interest annually on more than 12 popular cryptocurrencies. Kraken is also a great platform for trading Spot markets, Indices and Futures and you can use the Cryptowatch tool to keep tabs on your favorite cryptocurrencies. With this tool, you can watch more than 2,000 cryptocurrencies and create price and volume alerts for the ones you are adding to your portfolio. You’ll also be able to customize and analyze charts in detail to keep track of even the slightest price movements. If you prefer using your desktop, all you need to do is sign in to your account to use the web interface, where you can easily buy and sell crypto, contact support, stake cryptocurrencies and review your account history.
Kraken is one of the safest crypto exchanges in the world because this company operates under the supervision of the United States Wyoming Banking Division and their accounts offer high levels of security. This is also one of the best exchanges for beginners because their apps are designed to be beginner-friendly, you can start buying crypto with as little as $10 and there are plenty of educational guides that you can use along the way. But if you’re looking for something more advanced, Kraken does offer a Pro version of the mobile app. The web exchange has plenty of built-in tools for analysis and you can set up price alerts and watch lists for your favorite instruments. In the near future, you will also be able to buy exclusive NFTs directly from Kraken. In the meantime, why not open an account and join the waitlist? Kraken offers flexible accounts and multiple funding options and is a great choice if you are a beginner or if you are interested in trading major cryptocurrencies with low fees, we also recommend using Kraken if you would like to stake your crypto or if your investment portfolio is based on futures and indices. Alternatively trading with Kraken could be a fantastic way to diversify your portfolio.
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