Kraken Margin Trading FAQ

Facts & Data about Kraken:

Headquarters in:
Company Jurisdiction / Registration:
CEO / Owners:

Kraken Discounts & Coupons:

Kraken Trading Fees in detail:

Maker Fee:
Taker Fee:
With Perpetual Contracts: Daily fluctuating funding interest rates for leveraged positions

Deposit & Withdrawal fees:

Minimum Deposit / Withdrawal Amount:

Supported FIAT Currencies:

Supported Order Types:

Supported Trading Pairs for Margin Trading:

Leverage per Coin:

Bitcoin (XBT/USD): 100x
Ethereum (ETH/USD, ETH/XBT):

Kraken Futures

  • Traditional Futures

Supported Countries:

Worldwide, except regions that forbid cryptocurrency derivatives margin trading

Kraken is banned in:

Kraken Discussions on Reddit and others:

  • Discussions on Reddit:
  • Discussions on Twitter:
  • Threads on Bitcointalk:

Kraken Mobile App?

How-To´s and Guides:

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Frequently asked Questions about Kraken

What is Kraken.com?

Kraken is a popular cryptocurrency exchange that allows deposits in fiat currency. This platform allows different digital assets to be traded at the real market price while following the regulatory measures under which it operates to the letter.

Who owns Kraken?

Kraken is owned by Payward Inc, a company dedicated to cryptocurrency trading through the Kraken platform. This company is registered in the state of California.

Where is Kraken located?

The Kraken exchange’s general office is located in San Francisco, California (United States), from where it maintains operations. Unlike other companies and brokers, Kraken only installed this main office in the US.

When was Kraken founded?

Kraken was founded in 2011, making it one of the first cryptocurrency exchange companies to participate in the crypto market.

Who regulates Kraken?

Yes, Kraken complies with regulatory guidelines imposed in the United Kingdom by the FCA (Financial Conduct Authority) and in Australia by the Australian Securities & Investments Commission.

Can you use Kraken in the USA?

American residents can use Kraken’s services except for the states of Washington and New York. This happens because maintaining regulatory measures in certain states can be exuberantly expensive, so it is not possible to include all the states in the country. In addition, Americans are excluded from Futures trading on Kraken as cryptocurrency Futures with high leverage are not permitted in the USA.

Where is Kraken banned?

Although Kraken has not been banned from any nation, the company has decided not to provide services to residents of Afghanistan, Cuba, Guinea-Bissau, Iran, Iraq, Japan, North Korea, and Tajikistan.

What countries does Kraken allow?

All countries can use Kraken, except for those previously specified for not being supported by the exchange. In addition, residents of almost all the world will be able to access a Kraken account as long as they verify their identity.

How many users does Kraken have?

Kraken’s team specified having 4 million active users on its platform, which maintain a trading performance that is soon to reach 4 billion USD.

How does kraken.com work?/What can you trade with Kraken?

Kraken’s platform offers its users a wide list of cryptocurrencies, which can be traded with fiat currencies as pairs, so not all of these currencies are tradable with each other. As a trader, you must analyze the market to benefit from price variations in margin trading or Kraken Futures.

How to sign up to Kraken?

Go to the official Kraken site and click on “Create an account”. Enter a username, your email, country of origin and a strong password in the fields. You will receive a confirmation code via email and must enter it to become a Kraken user.

How long does it take to get verified?

The kYC requirements demanded by Kraken are reviewed after the user issues them, so it may take time depending on the review method. For basic level users it will take from 1 to 60 minutes, intermediate level in 10 minutes, Pro-individual up to 5 days and Pro-Corporate more than 5 days.

What is xbt on Kraken.com?

XBT is the symbol used for Bitcoin on the Kraken platform. In fact, some exchange companies use “XBT” to name Bitcoin-related perpetual and future contracts. The X at the beginning of such an abbreviation is usually used for currencies that don’t belong to a specific country.

How many coins are on Kraken, which coins does Kraken offer for trading?

Kraken allows trading with 20 different cryptocurrencies, which are traded as pairs alongside fiat currencies such as USD, EUR and JPY. These cryptocurrencies are: Augur REP, Bitcoin XBT, Cardano ADA, Cosmos ATOM, Dash DSH, Dogecoin XDG, EOS, Ethereum ETH, Ethereum Classic ETC, Gnosis GNO, Litecoin LTC, Watermelon MLN, Monero XMR, QTUM, Ripple XRP, Stellar Lumens XLM, Tether (Omni Layer) USDT and Tezos XTZ

What’s the minimum stake for trading on Kraken?

The minimum amount for a Bitcoin order must be 0.002 BTC and is particular to each cryptocurrency. For example, the minimum trade with Ethereum is 0.02 ETH, 3 for EOS, 1 for Tezos, etc. Depending on the size of the order that we want to place, we will choose the appropriate cryptocurrency.

How to deposit btc into Kraken?

To receive BTC deposits you must go to the “Funding” section. When you are there, locate the Bitcoin bar and click “Deposit”. This will lead you to accept an agreement that Kraken is not responsible if you send the tokens to the wrong wallet. Then, click on “Generate new address”, where you must deposit your BTC.

How to deposit USD into Kraken?

Users must meet a list of requirements to deposit USD to Kraken through bank wire transfers. If you are already verified, look for the “Funding” section and click on it. Position yourself on the “show all assets” tab and look for the currency you want to deposit (In this case, USD). Choose the option “US Domestic Wire” to follow the instructions and make your deposit.

How to withdraw from Kraken in the US?

Log into your Kraken account and navigate to the “Funding” section. You will get the search bar for the available assets and search USD. Press “WIthdraw” and process your transaction.

How does Kraken trading work?

At Kraken, you will be able to trade cryptocurrencies and fiat currencies using relationship pairs, thus indicating the price of one asset over another. Kraken allows you to use margin trading to enter leveraged trades. By leveraging, you increase your trading power and obtain greater benefits with each price variation, although you can also have greater losses.

How to buy Bitcoin on Kraken?

After you have become a Kraken by signin in user, you must verify your account to deposit USD. A “Starter” level will be enough to start a negotiation. Go to the “Assets” section and buy the desired amount of BTC.

How to long bitcoin on Kraken?

To position a long order with Bitcoins we do not have, we must borrow funds from the Kraken USD pool and buy BTC with this trading power. You will have to wait for the price to increase to obtain benefits and close the operation.

How to short bitcoin on Kraken?

For short in Kraken you must take funds from the BTC mining pool and sell them at a certain price. The price path from the moment you entered the sales order until it reaches its target will be translated into your profit.

How does leverage work on Kraken?

Leverage works like a line of credit for Kraken users. This “loan” expands your trading power and you can opt for larger trades. It should be noted that leverage can also multiply your losses and has interest rates.

When you leverage on Kraken can you lose more then your investment?

No. The exchange is about detecting how much you have lost from your available margin, so if the price turns against you and you are about to run out of margin, you will receive a warning notice to close the order. Your available margin are your own funds, so you should be very aware of this as a trader.

What leverage rates are available on Kraken?

Kraken offers different leverage rates depending on the pair you want to trade. The biggest leverage on the platform is for XBT / USD – XBT / EUR (5x) and XRP / USD – XRP / EUR (5x). Unlike other exchange companies that have leverage rates of 100x, Kraken maintains a low level of leverage due to the high volatility of cryptocurrencies.

Can you change leverage when in a position on Kraken?

To establish leverage in Kraken you must set it before issuing an order, since to modify it you must close the current order and create a new one with the desired leverage rate. In such a case, modifying the leverage would only change the level of margin available to support the order.

How long can you hold a position on Kraken?

Residents of the United States will be able to maintain open margin trading positions for a period of 28 days, so if the target has not been reached within this period, the order will be automatically liquidated. Users outside the United States have 365 days to close their positions.

How to set a stop-loss on Kraken?

Locate the order menu and choose the “Advanced” option to access the different types of orders that the platform offers. Select the “Stop loss” order and specify the price level at which you wish to cancel the order in case of possible losses.

How to set stop limit orders on kraken?

Kraken’s advanced margin trading menu has 6 different types of orders, among which is “Stop Loss Limit”. These orders will be activated when the stop price is reached and you can manually set it in the price field.

How to take profit on Kraken?

You can set Take Profit orders in the advanced trading menu by specifying a target price. In other words, we have to choose a price level that, after having made a profit, will close our order. Kraken does not allow you to set Take Profit and Stop Loss simultaneously.

How to close your Kraken positions?

To close a position in Kraken you must place a new order with the same size, in the opposite direction to the one you previously set. This will make the prices known and the order canceled. It is necessary to remember that you do not necessarily have to specify the same level of leverage in your new position to cancel the previous one.

What’s the difference between closing and settling a position on Kraken?

Closing a position means that you reverse your investment, aborting the order for not reaching its target in the expected time, while settling a position means paying the loan used to maintain the size of an order.

How to close half of your Kraken position?

To close half an order in Kraken you must place a new order in the opposite direction with half the size of the previous one. For example; You want to cancel a long order in XBT / USD valued at $1000 USD, so you place a short order with the same pair for $500 USD.

How to trade futures on Kraken?

Kraken Futures is unlocked to users who meet the eligibility requirements. Only users with Intermediate or Pro verification level will be able to access Kraken Futures trading, in addition to having completed the last KYC update.

When does Kraken send withdrawals?

Withdrawal processing times may vary depending on whether you want to carry them out with cryptocurrencies or fiat currency. For Bitcoin, the platform will inform you of the status of your transaction through each block confirmation, which can last between 40 minutes and 1 hour, while fiat currency withdrawals can take up to 5 business days.

What is the withdraw limit in Kraken?

Currently there is a daily withdrawal limit of $ 100,000 USD and a monthly limit of $500,000 USD for Starter users. These limits can be expanded depending on the user level, so Pro users can opt for daily withdrawals of up to $10 million USD.

What’s the cost to trade at Kraken?

Kraken sets commission rates for each order, depending on its nature and size. For margin trading, between 0.1% and 0.2% of opening fee and rollover fee (every 4 hours) will be deducted from the total amount depending on the chosen pair. Stablecoins require taker fees between 0.00% to 0.20%, as do maker fees.

How safe is Kraken.com?

Kraken has a world-class security team that is constantly working to keep users’ assets safe. Additionally, the Kraken security team is recognized for designing protection programs for other platforms and initiatives. The exchange offers email confirmations, 2FA, SSL encryption, API incorporation and more.

When was the last kraken.com hack?

The Kraken exchange has never been hacked, although probably not for lack of attempts. The thing is, Kraken keeps most of the funds in cold-storage, making them inaccessible to any hacker trying to breach the security of the platform.

How to reset kraken.com two factor authenticator?

Instead of resetting 2FA in Kraken, you can create a backup to access in case of emergency. This “back up 2FA code” should be noted when establishing your 2FA configuration, since you will not be able to access it later.

How to get Kraken trades in one csv file?

Log in and go to the “Export” section and select what you want to export. You can choose between trades to reflect details regarding the trading details of executed orders, and ledgers for balance changes within your account. Remember to select the estimated date of your trades so that the document does not come out empty.

How to get Kraken app on phone?

IOS and Android users can enjoy the Kraken App on their mobile devices, where they can enjoy all the features provided on the web platform. Find the official app in the AppStore or Play Store and press “Download”.

What bots work on Kraken?

Multiple trading bots work with the Kraken market (specifically Kraken Futures). This is the case of platforms such as Bookmap, Caspian, Quant Strategy Development, Haasonline and Hyndor. These bots are configurable with different strategies and setups for each trade.

where is my Kraken.com secret key?

To find the API keys section, log in and go to the “Settings” section in the upper right corner of the platform. Once there, locate the API option and you will see all the details for your API keys and to generate a new one.

How to close a Kraken account?

Users who wish to close their Kraken account will have to create a ticket in the “General form” section and choose “Close my account”. This action will suspend the account permanently without the possibility of recovering trading and ledger records, so it is recommended to export them before closing an account.

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