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Wednesday, December 6, 2023

How to Use Kraken App( iOS and Android) 2023 Updated Pro Or Cons

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Welcome to one of our app guides, where we will review the Android version & IOS Version of the Kraken trading app. After this review, you will be prepared to download the Kraken app and start trading.

What Is Kraken ?

Kraken is a US-based cryptocurrency exchange where users can buy, sell and trade various assets with relatively low commissions. Clients can also earn rewards through coin staking. The exchange has a leading level euro volume and liquidity and allows users to trade over 100 crypto assets and 7 fiat currencies, including USD, CAD, EUR, GBP, JPY, CHF and AUD, on-the-go with a web platform and mobile apps.

Founded in 2011, it was one of the first few crypto exchanges offering spot trading, derivatives and index products. Today, the company offers numerous products and services, including but not limited to: spot trading, margin trading, futures, indices, stakings, OTC and an upcoming non-fungible token (NFT) marketplace. The exchange serves over 8 million traders and institutional clients, and is backed by Digital Currency Group, Blockchain Capital, Tribe Capital, Hummingbird Ventures and more.

Kraken App Important Points

App Name Kraken
Download StorePlaystore , IOS
Application TypeTrading Platform
Founded Year2011
Free To UseYes
Paid OptionNo
Founder Name Jesse Powell
Official Website Click Here To Visit

What is the Kraken Android and IOS app?

What is the Kraken Android and IOS app?

The official Kraken app is perfect for beginners just starting out in crypto, or experienced traders looking to quickly and conveniently buy or sell while on the go. Whether you want to instantly purchase cryptocurrency with your credit or debit card, set up recurring buys, keep tabs on your favorite projects or browse the most popular or top gainers of the day, Kraken is the app for you.

How to Use Kraken App (iOS and Android)

Kraken is a cryptocurrency exchange that offers a mobile app for both iOS and Android devices. To use the Kraken app, you need to follow these steps:

  1. Download the app: Go to the App Store (for iOS) or Google Play Store (for Android) and download the Kraken app to your mobile device.
  2. Create an account: Open the app and create a new account by providing your email address and creating a password. If you already have a Kraken account, you can log in using your existing credentials.
  3. Verify your identity: To comply with regulatory requirements, you’ll need to verify your identity by providing personal information and uploading a government-issued ID.
  4. Add funds: To trade on Kraken, you’ll need to deposit funds into your account. You can deposit funds using a bank transfer, SEPA transfer, or a cryptocurrency deposit.
  5. Start trading: Once you have funds in your account, you can start trading on Kraken by selecting the trading pair you want to trade and placing an order using the app’s trading interface.

Note: Make sure to always keep your account secure by using a strong password, enabling two-factor authentication, and never sharing your login information with anyone.

Kraken App Pro Or Cons

User-friendly interfaceLimited mobile functionality
Secure platformSlow customer support
Wide range of assetsHigh fees
Advanced trading toolsGlitches and bugs

Is Kraken app safe and legit?

Kraken is considered a safe and legitimate cryptocurrency exchange. They employ strict security measures such as encryption, two-factor authentication, and secure cold storage of assets. Kraken is also a fully regulated exchange and is registered with the Financial Crimes Enforcement Network (FinCEN) as a Money Services Business (MSB).

However, like any other exchange, there is always a risk of security incidents, such as hacking or fraud, that could result in the loss of funds. It’s important to take the necessary precautions, such as using a strong password, enabling two-factor authentication, and storing the majority of your assets in a secure cold wallet, to reduce the risk of your funds being compromised.

Kraken App Features

The Kraken app provides a range of features for users to trade and manage their cryptocurrency portfolios. Some of the key features of the Kraken app include:


The Kraken app allows users to buy and sell a wide range of cryptocurrencies and fiat currencies, including Bitcoin, Ethereum, USD, EUR, and more.

Portfolio management

The Kraken app provides an overview of users’ cryptocurrency holdings, including current value and daily performance.

Advanced charting tools

The Kraken app provides advanced charting tools, including real-time price charts and technical analysis tools, to help users make informed trading decisions.

Secure login

The Kraken app implements two-factor authentication and encryption to secure users’ accounts and protect their assets.

Mobile trading

The Kraken app is available for both iOS and Android devices, allowing users to trade and manage their portfolios from anywhere.

Support for multiple languages

The Kraken app supports multiple languages, including English, French, German, Spanish, and more.

Instant deposit and withdrawal

The Kraken app allows users to deposit and withdraw funds instantly, providing a fast and convenient way to manage their portfolios.

Customer support

The Kraken app provides access to the Kraken customer support team, including a help center and support tickets, to assist users with any questions or issues they may have.

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Crypto investments come with high risk and you should always exercise caution when investing in any crypto asset. Investing in crypto carries a high level of risk, and may not be suitable for all investors. Any investment decisions made by you are made at your own risk and we are not responsible for any losses that may occur. Before investing, we recommend you consult a financial advisor to understand the risks and rewards associated with investing in crypto.

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