Kraken Crypto Exchange Review UK 2023

If you’d picked up a Kraken referral code and came to the site for the first time, we think that you’d love what you find here. This is because this is a very stylishly designed site that uses a smart white and purple appearance. There’s a handy navigation bar across the top where you can see the latest Kraken markets for crypto trades, futures, support, learning facilities and so on.

We carried out this Kraken crypto exchange review on a computer and were pleased with how good the site looked and how fast it loaded. But we realise that many people like to trade on a smartphone or tablet, so we were glad to see that there were some decent Kraken apps for iOS and Android devices.

The fact that the Kraken business has been up and running since 2011 should give you a good idea of how trusted, safe and reliable the exchange is. Just to give you an idea of its size, it was reported that Kraken shifted nearly $180 million in trading volumes. Plus with all of the security factors you need to keep your Kraken deposits safe, it’s no wonder that so many people come here for their crypto trades.

How to Trade – What Kraken UK customers need to know

There are plenty of helpful Kraken how to trade articles on the brand’s website. But we thought that we should help in getting you started. Firstly you’ll need to click on the Create Account link that will bring up a dialogue box. Here you’ll have to enter in some simple personal details and then verify your identity.

The more verification that you provide, the more that you will be able to do at Kraken. The least that you have to provide in terms of identification will be a valid photo ID and proof of residence. But once you add items like your telephone number and date of birth, you will get more flexibility in how you trade.

Next it’s a case of making your deposits. The easiest way to do this is to make a crypto deposit. This just means creating a deposit address and then making a payment to that address from your crypto wallet. But there are also options for depositing with a FIAT currency. For GBP deposits, you’ll be able to deposit from a minimum of £1 at a time, and there will be no fees.

Head over to the Prices section once you’re ready to trade. Here you’ll see a long list of all of the currently available cryptocurrencies. There will be the crypto’s current value along with a brief indication of whether its value is on the rise or is falling. Then you just have to click on the Buy/Sell button to make your crypto trades. A quick and easy way to enjoy the best in crypto trading.

Company

Company	Payward Ltd.
Headquarter	6th Floor ,One London Wall ,London EC2Y 5EB ,United Kingdom
Year of Founding	2011
CEO	Jesse Powell
Web Site	www.kraken.com
Available Languages	French, English, Italian, Spanish, Russian, Portuguese
Customer Support	Email Support
Email	support@kraken.com
Phone	+44 (1783) 1007965
Licence
Verified by	–
Payment Methods

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Kraken makes it remarkably simple to put down your deposits. While there is the provision for depositing with FIAT currencies, most people come here to make deposits with a cryptocurrency. We found that the Kraken minimum deposit amount for Bitcoin is 0.0001 BTC. You won’t have to pay any deposit fees for using most major cryptocurrencies. However, users of some newer cryptocurrencies like Aragon might face a modest charge.

Making a Kraken withdrawal is also nicely straightforward. The minimum Kraken withdrawal limit for Bitcoin is 0.0005 BTC. There are also some Kraken withdrawal fees to be aware of. Just to give you an idea, it looks like you might pay around 0.00015 BTC for your Bitcoin withdrawals. All of these deposits and withdrawals should land in and leave your account almost instantly, and while the fees are unwelcome, they are like what you’ll find at many crypto exchanges.

Much of the Kraken website is devoted to helping customers get the most they can out of its crypto exchange service. There are plenty of helpful how-to guides that do everything from telling you how to buy Bitcoin to explaining what margin trading is all about. Our Kraken crypto review also found an excellent FAQ section that was packed with answers about many common questions.  However, it’s important to note that such helpful guides can only go so far. So we were glad to see that Kraken operates a responsive and professional customer service.

All that you have to do to get in touch with Kraken is to hit the Live Chat icon. Here you’ll be speaking one-on-one with one of the brand’s customer service reps. Sadly it looks like there is little in the way of an email or telephone hotline for customer support. But there’s nothing stopping you from using the Kraken Facebook and Twitter social media channels for another way to get in touch.

Our Kraken review found that this brand takes your online security very seriously. We’ve already spoken about the fact that Kraken is regulated by the UK’s Financial Conduct Authority. Beyond this, we found that the brand’s website has a range of high-grade security features that are designed to keep your money and data safe.

You’ll only be able to log into your account by passing through the two-factor authentication test. By using the YubiKey USB device, you’ll be able to generate a special password that makes it virtually impossible for hackers to access your crypto deposits. Plus our Kraken review also found that the brand has installed a special Security Shield to prevent unwanted intrusion into your account.

Other security features to be aware of include the real-time monitoring for any suspicious trading on the Kraken site. Plus you will benefit from advanced safety features like a global settings account lock on this fully encrypted trading site.

Reputation and Customer Feedback – Are there any Kraken scams?

Kraken enjoys a fantastic reputation for the safety of its crypto trading service. This is because the brand has never been the victim of any successful hacking attempts in over a decade’s service. All of which has helped Kraken enjoy its position as one of the internet’s most trusted crypto exchanges.

Obviously such fame doesn’t come without its detractors. There are a few critical reviews of the Kraken exchange currently online. Most of these seem to be from individuals who took issue with the way in which they weren’t able to buy Bitcoin at the site. However, it is hard to verify how trustworthy these criticisms are.