Kraken
0•
Crypto
Trade digital currencies with one of the best-rated and secure exchanges.
Snapshot
How it Works
How You Make Money
Recent Activity
Reviews
FAQs
Snapshot
Open to US Investors
Crypto
+4,924.60%
3500+ Employees
World class team of blockchain experts
Up to 500%
Target Return
Bitcoin outperformed most assets in the last decade
High
Liquidity
Users can sell their digital assets at any time.
3500+ Employees
World class team of blockchain experts
How You Earn
Growth
Invest From
$10
Invest in
Crypto
3500+ Employees
World class team of blockchain experts
Open to US Investors
Top Perks of Investing in Crypto
Since 2017, the global crypto market cap has risen 3,800%.
Bitcoin has outperformed all other asset classes in the last decade, with an annualized return of 230%.
Cryptocurrencies are not controlled by any government, acting as a hedge against fiat money.
Dollar cost averaging into crypto provides the opportunity to buy dips and sell big runs.
Can I trust Kraken?
Kraken is backed by venture firms like Axevil Capital, SkyVision Capital, Venture Garage and SBX Capital
9M+
# of Users
$130M
Amount Raised
180+
Offerings
# of Users
9M+
Amount Raised
$130M
Offerings
180+
9M+
# of Users
$130M
Amount Raised
180+
Offerings
Overview
The cryptocurrency market has experienced significant growth over the years, increasing from less than $20 billion in 2016 to over $2 trillion in early 2021. Despite its erratic and speculative nature, crypto offers the potential for life-changing returns.
Kraken is a leading cryptocurrency exchange with 180+ assets available for trading, excellent service, low fees, versatile funding options and rigorous security standards. Kraken has even implemented proof-of-reserves to ensure customers that their assets are in safe hands.
With an investment minimum of just $10, there’s little reason for investors not to add some crypto exposure to their portfolios.
High Growth
1,576% average annual return from 2010 to 2021
High Correlation
0.9 correlation to the S&P 500
Equity
You own the crypto in your exchange account
Kraken Pros & Cons
The Good
Kraken offers low fees, with discounts available for higher-volume traders.
Easy-to-use interface, with a variety of order types and trading tools.
180+ assets available to users in 190+ countries.
Quick and easy deposit and withdrawal options, including bank transfers and crypto wallets.
Access to a variety of trading markets, including spot trading and futures trading.
The Not-So-Good
Kraken only supports only a few fiat currencies.
Cryptocurrency is largely unregulated, which has led to Kraken being charged by the SEC for its crypto staking program.
Kraken Track Record
$800 Million+
Trading Volume
On average every 24 hours.
$10 Billion
Valuation
As of 2022
$207 Billion
AUM
Across 9 million users
Crypto Returns Calculator
Calculate how much you can earn by investing in Crypto. Results vary based on the investment amount, term, and other conditions.
$
%
years
$
Frequency
Monthly
Invested
$7,000
Projected Fees
$44.65
Projected return
$2,022.45
Value after fees
$9,022.45
How it Works
Here’s how Kraken helps investors buy and sell digital currencies:
Here’s how Kraken helps investors buy and sell digital currencies:
1
Create a free Kraken account –
Sign up to Kraken by filling out your personal details and confirming your identity with documents like a photo ID or passport.
2
Add funds to your account
Select the ‘Funding’ tab and choose the asset you would like to deposit. You can add money via bank transfer, wire transfer, or with a debit/credit card.
3
Buy or sell assets
Select the asset you would like to trade, enter the amount and click ‘Trade’. You will be able to see the current price of the asset and how much you are paying or receiving. Finally, click ‘Confirm’ to complete the trade.
4
Track your portfolio
Download the Kraken app from the Apple App Store or Google Play Store to see all your holdings and investment performance.
See inside MoneyMade’s 6-figure multi-asset portfolio
6-Figures
12+ Assets
50+ Platforms
4yr+ Returns
Press Coverage
Business Insider
Forbes ADVISOR
How You
Make Money
Kraken gives users access to 180+ digital assets they can buy, sell and store in their account. You make money as the price of your crypto holdings rise, which you can then sell for a profit.
Primary Sale
Selling your crypto holdings
How Kraken
Makes Money
Kraken offers some of the lowest fees in the cryptocurrency industry, with a flat rate of 0.26% for all transactions and only 1.5% for instant buy, sell, or convert orders.
0% - 0.26%
Commissions
On spot trading
1.5%
Commissions
On instant buy, sell and convert orders
How You’re Taxed
Crypto investments are subject to capital gains and income tax, with the exact rate depending on the taxpayer's country of residence, personal income tax bracket and whether or not the investment is held in a tax-advantaged account. Taxpayers should research the taxation laws in their country before investing in any cryptocurrency. US users who have earned over $600 in rewards from staking or the Kraken referral program, more than $10 in interest, or certain other income from Kraken are eligible to receive a tax form. Federal, state and local taxes also affect the total tax burden associated with the investment. For more clarity, consult with an advisor before making an investment.
0-20%
Capital Gains
Your capital gains tax will depend on your income and how long you held the asset.
Meet the Team
Kraken has over 3,500+ employees as well as Board members with extensive experience in the finance industry at companies like Goldman Sachs. The Kraken team is led by co-Founder and CEO Jesse Powell—who boasts a 15-year track record in the digital asset industry.
Recent Activity
Who’s Investing In Crypto?
Kevin O’Leary
Multi-millionaire and Shark Tank shark
Mr. Wonderful of “Shark Tank” fame is one of the world’s most famous investors with a net worth of $400 million. He claims to have invested 20% of his portfolio into blockchain companies and cryptocurrencies.
The Winklevoss Twins
Billionaire twins and CEOs of Gemini
The Winklevoss twins became a household name after suing Facebook founder Mark Zuckerberg, alleging he stole their idea for the company. However, in recent years, they’ve become crypto magnates—buying billions worth of Bitcoin and starting a crypto exchange.
Jack Dorsey
Founder of Twitter, CEO of Block
Ex-CEO of Twitter, Jack Dorsey, is a Bitcoin maximalist who has declared Bitcoin to be the future global currency. His company Block holds over $220M worth of Bitcoin on its balance sheet.
Kraken
0•
Crypto
Here's what you'll need to invest on Kraken
All residents
Accredited & non-accredited investors
Over 18 years of age
All residents
Accredited & non-accredited investors
Over 18 years of age
Reviews
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FAQs
Other ways to invest in Crypto
I am a seasoned expert in the field of cryptocurrency and blockchain technology, with a comprehensive understanding of the concepts and dynamics that govern the market. My expertise is backed by a deep immersion in the crypto space, and I have closely followed the developments in the industry up until my last knowledge update in January 2022. Now, let's delve into the concepts mentioned in the article about Kraken and CryptoTrade.
1. Crypto Market Overview:
- The global crypto market has grown significantly, surpassing $2 trillion in early 2021 from less than $20 billion in 2016.
- Cryptocurrencies, despite their volatile nature, offer the potential for substantial returns.
2. Kraken Exchange:
- Kraken is a prominent cryptocurrency exchange with 180+ assets available for trading.
- The platform provides excellent service, low fees, versatile funding options, and maintains rigorous security standards.
- Kraken has implemented proof-of-reserves to assure customers that their assets are secure.
3. Investment Opportunities:
- Bitcoin has outperformed all other asset classes in the last decade, boasting an annualized return of 230%.
- Kraken allows users to invest in over 180 digital assets with a minimum investment of just $10.
4. Perks of Crypto Investment:
- The global crypto market cap has risen by 3,800% since 2017.
- Cryptocurrencies serve as a hedge against fiat money as they are not controlled by any government.
5. How to Invest with Kraken:
- Create a free Kraken account by providing personal details and confirming identity.
- Add funds to the account via bank transfer, wire transfer, or debit/credit card.
- Buy or sell assets by selecting the desired cryptocurrency and confirming the trade.
- Track your portfolio using the Kraken app.
6. Kraken Pros & Cons:
- Pros include low fees, an easy-to-use interface, a variety of order types, and access to multiple trading markets.
- Cons involve support for only a few fiat currencies and regulatory challenges, with Kraken facing charges by the SEC.
7. Kraken's Financials:
- Kraken boasts a trading volume of $800 million+ every 24 hours and a valuation of $10 billion as of 2022.
8. Crypto Returns Calculator:
- Kraken offers a crypto returns calculator, allowing users to estimate potential earnings based on investment amount, term, and conditions.
9. Tax Implications:
- Crypto investments are subject to capital gains and income tax, varying based on the investor's country of residence and income tax bracket.
10. Kraken Team and Endorsem*nts:
- Kraken has a team of over 3,500 employees, including co-founder and CEO Jesse Powell, with a 15-year track record in the digital asset industry.
- Notable investors in the crypto space, such as Kevin O’Leary, the Winklevoss Twins, and Jack Dorsey, are mentioned as endorsers of crypto investments.
11. Kraken vs. Competitors:
- Kraken is compared with competitors like Coinbase, highlighting its features, asset availability, and low fees.
In conclusion, the article emphasizes the growth potential of crypto investments, Kraken's position as a leading exchange, and the opportunities and challenges associated with investing in the cryptocurrency market. It is crucial for potential investors to consider these factors and conduct thorough research before making investment decisions.
