Kraken, based in San Francisco, started in 2011 and is a general Bitcoin Exchange that has the largest volume of transactions in Euro. They also cater to other currencies in the world such as USD, CAD, JPY and GBP. Altcoins are also a part of the exchange but cryptocurrencies are not just their focus. They also exchange some payment units and national currencies. Kraken’s code for Bitcoin is XBT, instead of BTC and the biggest pair in volume for the exchange is XBT and EUR.

They are one of the most regarded exchange in the Bitcoin world. Kraken was chosen to investigate the MtGox bankruptcy. As WSJ said, they were picked because Kraken has a good operating history and that their system was never breached. Tradeblock mentioned to have a seamless integration with Kraken and that they are incorporated with professional traders and engineers. TheBlogChain also said that Kraken set the standards of being the best exchange in the Bitcoin world by being the first to be validated in an audit for cryptographically verifiable proof-of-reserves. The Bitcoin exchange was the first one to have their trading volume and trading price posted on the Bloomberg terminal.

They partnered with Fidor in building the first cryptocurrency bank in 2014. This partnership means that traders in Europe can deposit and withdraw Euros inexpensively. Also, Kraken is collaborated with Vogogo, giving them a large share in the Canadian market.

Kraken mainly concentrate on developing their exchange to active traders rather than to those who wants to buy Bitcoin. They cut down transaction fees, launching into the hard to get top two or three exchanges in the Bitcoin world. They have more or less 3000 transactions on a peak day and an average of 650 on normal days.

With Kraken’s user interface, the website is designed for both beginners and advance traders as well. Order templates are categorized as advance, intermediate and simple, allowing beginners to start in basic options. Also, relevant information such as account, trading and market details are displayed visibly on the page.

Aside from featuring low transaction fees, they also vouch for fast deposits. You can also rely on their legally compliant and excellent customer support 24/7/365. They also provide Advanced Order types where you can automate your orders. You get complete assurance on your funds with their top ranked security and encrypted cold storage.

When it comes to security, Kraken holds most of the funds offline or in cold storage, which makes online hacking theft almost impossible. They only use online wallets for maintaining liquidity in their operations. Their servers are kept in highly secure facilities with video surveillance, armed guards, retina scanners and others alike. They use encryption and fragmenting on handling sensitive data, distributed with redundancy across isolated systems. They offer 2FA for clients on login, withdrawals and deposits. They also provide an encrypted email communication that uses PGP public-key encryption. This is a secure way for clients to communicate to Kraken for concerns such as recovery of password and other account issues, ensuring that emails could only have come from the exchange. Moreover, Kraken has a global setting lock. This happens on a preset time period where any account changes are temporarily disabled. Whenever changes are made during this period, Kraken notifies the user right away.

Kraken bitcoin exchange is currently a leader in trading platform and exchange. They are one of the best in security, customer support and storage service in the Bitcoin world. The exchange service is devoted to improve their reputation more in giving quality and secure service and at the same time to heighten Bitcoin’s use and popularity.