Beginner’s Guide to Kraken Login

Founded in 2011, Kraken is one of the oldest and most popular cryptocurrency exchanges currently in operation. The exchange has built a reputation as being a secure destination for anyone interested in trading cryptocurrencies and it is also a popular choice for both traders and institutions across a variety of locations. Kraken retains an international appeal and provides efficient trading opportunities in numerous fiat currencies. Kraken is also the current world leader in terms of Bitcoin to Euro trading volumes.


Kraken was founded by current CEO Jesse Powell in July 2011 and the exchange officially launched to the public in September 2013. Based in San Francisco, Kraken has some notable achievements under its belt with 2014 proving to be pivotal for Kraken as it became the number one exchange by Euro trade volume, pioneered the first verifiable cryptographic proof of reserves audit system and was also listed on the Bloomberg Terminal within the same year.


Kraken is one of the most popular international exchanges and is available to residents of the US, Canada, Japan, and various European nations. Kraken also outdoes its competition by dealing in multiple fiat currencies which include the US Dollar, the Canadian Dollar, the Euro, the British Pound, and the Japanese Yen.


The company also enjoys a good reputation due to the fact that it has been resilient to major hacks and also as it was chosen as the platform by which creditors of the Mt.Gox exchange could receive their claims. After Mt. Gox filed for bankruptcy protection, the administration team chose Kraken as a reliable partner to help facilitate payments to creditors. Kraken Login also operates a dark pool, which is a private securities exchange that allows large financial institutions and high net worth individuals to make anonymous trades.

Kraken Key Features

Functionality – Kraken provides a basic interface and detailed documentation to help beginners in addition to providing charting geared towards more advanced traders. There is also an iOS mobile app which makes the platform easily accessible across a number of devices. Liquidity– Kraken boasts a high level of liquidity and this allows for the fast funding of accounts and high trading volumes. The exchange also undertakes Proof of Reserves Audits and leads the way in performing cryptographically-verified auditing. Security – Kraken incorporates cold storage techniques in order to secure funds as well as using PGP/GPG encryption. The platform also offers two factor authentication, a master key, and a global settings lock to help maximize user security. Trading Options – The platform allows for Bitcoin Margin Trading with leveraged trading of up to 5x with shorting. Kraken also provides advanced order types such as stop-loss orders and automated trading. International Availability – The exchange is currently available in the US, Canada, Japan, and various European nations. Kraken also offers over 47 market pairs with 7 base currencies which include the US Dollar, the Canadian Dollar, the Euro, the British Pound and the Japanese Yen. The platform also provides support that is available 24 hours a day, all year round.

Supported Currencies

Kraken is most well known for its Bitcoin and Ethereum to cash (EUR and USD) markets however a wide range of both fiat and cryptocurrencies are tradable on the platform. Popular cryptocurrencies such as Bitcoin (XBT), Ethereum (ETH), and Tether (USDT) are offered as well as currencies such as Bitcoin Cash (BCH), Monero (XMR), Dash (DASH), Litecoin (LTC), Ripple (XRP), Stellar/Lumens (XLM), Ethereum Classic (ETC), Augur REP tokens (REP), ICONOMI (ICN), Melon (MLN), Zcash (ZEC), Dogecoin (XDG), Gnosis (GNO), and EOS (EOS). Bitcoin generally uses the abbreviation of BTC however, Kraken assigns Bitcoin with an abbreviation of XBT.


Kraken allows for deposits and withdrawals via CAD, EUR, GBP, JPY, and USD, with fiat currency payments being conducted via Bank Transfer. For users with a bank account within the European Economic Area, the SEPA payment system is also supported.


Kraken also allows for margin trading on these currency pairs: XBT/EUR, XBT/USD, ETH/XBT, ETH/USD, ETH/EUR, ETC/XBT, ETC/ETH, ETC/USD, ETC/EUR, REP/XBT, REP/ETH, REP/EUR.

Kraken Signup and Login

A Kraken account can be easily opened by following the signup process and entering your name, email address, and password. All passwords must be at least 8 characters in length and contain letters, numbers, and special characters.


Kraken offers both basic and advanced accounts, to open a basic account users are required to give their full name, date of birth, address and phone number. Advanced account users must go through a more stringent verification process in order to complete their registration. For an advanced account it’s necessary to: Upload your ID. In order to verify your account you are required to upload government issued forms of identification and a proof of residence. For US residents, a Social Security Number is also required whilst in countries such as Germany or Japan require additional ID confirmation. Documentation can be uploaded under the ‘Get Verified’ tab of your Kraken Login account and the verification time depends on the number of applications being processed and can take from a few days to over a week. Be sure to set up 2-Factor Authentication (2FA) which provides a secondary layer of security to your account. Once this is complete you can move onto funding your account. Add the bank account that you will make transfers to and from bank transfers and wires are the only accepted methods for depositing funds.

How to Make a Deposit

Navigate to the ‘Funding’ section in the Menu tab, and then select your preferred deposit method. You may choose to deposit into the exchange via the bank transfer function. Or utilize a cryptocurrency wallet in order to transfers funds.

How to Make a Trade

Once your account has been funded, it’s possible to click on the ‘Trade’ tab in the Menu and select ‘New Order’ from here you can select the currency you would like to buy and your preferred payment currency. After entering the quantity you would like to purchase and selecting either a market or limit order, you can click on the green confirmation button in order to confirm your purchase.