3 Ways Kraken Pro Helps You Step Up Your Game and Walk Ahead of the Crowd
Kraken is one of the most popular crypto exchanges in the world – and for the right reasons.
The US-based platform, launched in 2011, has built strong credibility over the years, catering to crypto traders and investors from around the world. Kraken has 9M+ unique verified clients, $207B+ in trading volume (last year), and an average support resolution time of less than 5 minutes.
Kraken Pro: A Short Introduction
While the exchange’s mission is to provide a safe and efficient trading experience for users regardless of their technical expertise, it is especially popular among professional traders.
The wide range of tools and functionalities featured on Kraken is designed to give exposure to diverse crypto niches and assets, while optimizing yields.
Built for seasoned traders, Kraken Pro maintains all features of the basic version behind the scenes, like the order book, liquid markets, and superior-standard security measures. But here, traders have access to everything they need to stand out from and stay ahead of the crowd.
Listed below are three reasons that make Kraken Pro one of the best platforms for advanced traders.
Advanced Trading Tools and Features
Kraken Pro’s powerful interface is a one-stop destination for spot, margin, futures trading and staking. Once you have subscribed to the services, you need not hop websites to explore and analyze assets or hone your trading strategy.
The platform provides multiple avenues to discover trading opportunities.
You can start by navigating markets by category. There is a wide range of criteria to use like top gainers and losers to top traded, and newly listed. With just a few clicks, the platform allows you to customize your preferred markets.
Kraken Pro is also a great place to analyze trends. Here, you can spot potential trades through comprehensive charting or technical indicators. It also allows hassle-free comparison of up to 4 markets simultaneously.
You can stay updated with live order books and streaming trades on Kraken.
And when it comes to managing trades, Kraken Pro allows the use of advanced order types and instructions, including stop loss, take profit, IOC, reduce-only, and trigger options. It allows you to easily modify orders directly on the chart with a simple drag-and-drop interface.
Kraken Pro is one of the most hassle-free professional trading platforms.
It is designed to be accessible to professional traders of all scales. The mobile-first design on the Pro app delivers all the trading, funding, earning, and security features to help traders on the go.
In the event that you come across any challenges, you can get in touch with the customer support team through live chat, call, or email. The team usually responds within 30 seconds.
Listed below are a few security features on the platform:
- 2FA (Google Authenticator and Yubikey),
- No Phone/SMS account recovery, your account stays in your hands,
- Email confirmations for withdrawals with self-serve account lock,
- Configurable account timeout for another layer of protection,
- Customizable, granular API key permissions with range boundaries,
- Global settings time lock for extreme security when you’re away.
210+ Assets with Deep Liquidity
Kraken Pro gives you access to a diverse selection of 210+ assets. They are selected based on their market relevance as well as credibility. The platform supports trading, staking, or investment across an expanding array of crypto assets, stablecoins, and fiat currencies.
In addition, it supports trading with over 90 perpetual futures, offering a broad spectrum of collateral and payout choices. You can capitalize on both long and short positions depending on the market trends to maintain a profitable portfolio throughout the year.
To enhance capital efficiency for professional traders, Kraken Pro supports trading with leverage. If you’re confident in your trading skills, it is a great way to maximize your purchasing or selling capabilities.
Affordable fees, high accessibility
The maker fees on Kraken Pro are one of the lowest, starting at 0.16% and going as low as 0.00%. The taker fees, on the other hand, can be as low as 0.01%.
Anyone 18 or over living in a compatible region can use Kraken. To get started with Kraken, existing users don’t have to upgrade their accounts. Instead, they just need to sign in. If you’re new to Kraken, you can get started by creating a new account.
Check out the complete fee schedule.
Another interesting feature of the platform is its compelling staking rewards. Portfolio growth charts on Kraken Pro allow users to determine their rewards with precision by factoring in various staking scenarios and the compounding effects of rewards over time.
It is also important to note that staking is flexible. It provides users with the ability to unstake at any time. Unless the network sets it as a condition, there are no imposed lock-up periods on the staked tokens, either.
The comprehensive dashboard gives a clear overview of rewards and staking balance through consolidated trackers. With a transparent and easily accessible snapshot of your staking activity daily, you can stay on top of your strategy.