Similar to other major crypto exchanges, Kraken allows customers to access their accounts via an API. You can learn more about cryptocurrency staking by checking out our comprehensive guide on the subject. Users can earn staking rewards on top of their assets, which can then be compounded to increase the value of your holdings. To maximize your holdings, you can stake coins and fiat that would otherwise be held in your Kraken account and not earn interest. Respectively, trades on the Kraken OTC desk are 100,000 USD minimum. Traders are able to engage more directly with the platform, which acts as a middleman to ensure secure transactions are carried out. Over the counter ( OTC) refers to the settlement of orders between buyers and sellers that are generally too big to be listed on the platform’s order book. On the other hand, futures trading is a more complex kind of trading where buyers and sellers enter into futures agreements or contracts to settle the trade at a later date for a specified price. If you want to purchase (go ¨long¨) or sell (go ¨short”) on a range of cryptocurrencies with up to 5x leverage, you may do so with Kraken’s sophisticated trading engine. Margin trading allows you to take advantage of market fluctuations by increasing your gains and losses. What is more, users can either complete market orders or limit orders to be fulfilled at a later price point. Here, the trades are settled instantly, and the assets are delivered on the spot. Spot trading encompasses buying, selling, and trading between assets on the spot market. Supported cryptocurrenciesįor example, the platform supports more than 55 cryptocurrency coins and tokens, as well as seven fiat currencies for deposits and withdrawals to and from bank accounts. To learn more about the 2FA methods and how to set them up, please visit this page.On top of buying and selling cryptocurrencies, Kraken allows customers to trade across numerous different digital assets. It's ok to use an authenticator app for both sign-In 2FA and the Master Key only if they are on separate phones (or other devices). Having sign-in 2FA and the Master Key on the same device cancels out the security that these functions guarantee when kept separate. Remember, the Master Key allows you to change the password and settings on your account. The 2FA device or method used for the Master Key must be different from the one used for your Sign-In 2FA, otherwise it defeats the purpose of the Master Key. Then for your Master Key function, which is only needed in the rare case when you've lost your sign-In 2FA or need to remove the GSL, you may choose to use the Authenticator App method because it is less convenient to use and not needed as frequently. ![]() Safeguarding your funds and your privacy is our number one objective.Įach function can have 2FA enabled using different methods.įor example, you may choose to use the Hardware Security Key method for the sign-In function because Hardware Security Keys are the most convenient (and secure) to use on a day-to-day basis. Users who do so will be warned, and banned on the third strike. Trolling, phishing, use of URL shorteners (aside from support escalation sheet), referral links or posting any malicious links will result in an immediate ban.Rule #3: No trolling or phishing for information Personal information is as follows: Account balances, Bank Account Numbers, Transfer balances, Names, Usernames, IIBAN's, and Birthdates. Any posts or comments resulting in personal identification will be removed. ![]() Rule #2: Do not post sensitive information Threats or use of profane language will not be tolerated.
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