A Review of the Kraken Exchange UK

kraken exchange uk

As one of the most established crypto exchanges, kraken has been around since 2011. This US-based exchange has built a solid reputation for being a trustworthy place to buy and sell bitcoin and other coins. It also boasts a robust customer support team that’s available 24/7 to help you with any issues you may have. That said, it does have a low score on Trustpilot, with many users reporting that their money hasn’t arrived in their account and that the support team hasn’t responded.

Extensive Cryptocurrency Selection

kraken exchange uk you to trade more than 220 different cryptocurrencies, from major coins like Bitcoin (BTC) to lesser-known altcoins. The exchange also offers cryptocurrency derivatives and futures, and it supports seven fiat currencies. In addition, kraken offers a variety of deposit and withdrawal options, including physical wallets, credit and debit cards, as well as mobile apps with features like a fingerprint scanner and FaceID support.

Adapted Trading Options for UK Users

Kraken’s platform is fully functional in the United Kingdom, with support for three fiat currencies, including the British Pound Sterling (GBP). You can fund your account using a linked bank account or a supported digital e-wallet. However, if you’re planning to use your card for buying cryptocurrencies, be aware that Kraken requires a 72-hour hold before allowing the card to spend funds. Also, remember that crypto assets are speculative and can go down as well as up in value, so you could lose money.