Founded in 2011 and one of the oldest exchanges, kraken review uk is a trusted and secure cryptocurrency trading platform. It has a robust security protocol that emphasizes two-factor authentication and cold storage for the majority of its assets, making it one of the most secure platforms in the crypto market. It also follows industry standards and pushes users toward healthy security habits. The streamlined processes for account setup and buying cryptocurrencies makes kraken easy to use.

Top Bitcoin Wallets for UK Users: A 2024 Review

It supports a number of fiat currencies, including GBP, allowing UK users to deposit and withdraw funds with ease. Deposits to the exchange are fast, with most credited in less than 24 hours. Withdrawals, however, may take a bit longer and adhere to withdrawal limits and conditions. UK traders are also advised to check whether they need to report earnings and losses from their crypto investments to HMRC.

The exchange’s customer support is available by phone and through a chat application, though its availability and quality varies by time zone. The website also offers a number of FAQs and guides to help new users get started. The kraken learn section contains in-depth articles and interviews that can help users navigate the wacky crypto world.

Despite some setbacks, like the massive security breach in 2017, Kraken continues to be among the safest and most reliable exchanges for purchasing digital assets. Its robust security protocols, extensive two-factor authentication, and compliance with industry standards have earned it high marks from various ratings websites.