Why Kraken is a Go-To Exchange for UK Cryptocurrency Traders in 2024
According to a survey by the FCA, an estimated 10% of UK adults own crypto. Meanwhile, Statista projects that crypto adoption will increase to 35.12% by 2025, reaching 23.95 million users.
To meet this growing demand, a horde of crypto exchanges have emerged, each with its unique propositions. Kraken stands out for its multi-layered security, low fees, varied funding options, ease of use, attractive features, and responsive customer support.
As the leading crypto exchange in the UK, Kraken is the best way to navigate crypto’s wild ride. Here’s what Kraken has to offer to UK crypto traders!
In crypto, security is key. With frauds, scams, hacks, and security breaches plaguing the industry, Kraken is known for its superior security practices. This crypto exchange has maintained a clean track record, experiencing no major breaches in its 13-year-long existence.
To provide top-notch security, Kraken employs multi-layered measures, including advanced cold storage, proof of reserves, and legal compliance. If you are wondering, “Is Kraken legal in the UK? ” You can rest assured, as it is regulated by the UK Financial Conduct Authority (FCA).
From a user standpoint, Kraken supports 2FA to keep your account secure, email confirmations for adding new withdrawal addresses, and SSL encryption to protect your browsing experience on the Kraken UK crypto exchange.
Moreover, Kraken has obtained ISO/IEC 27001:2013 certification, showcasing the exchange’s ability and commitment to meeting the highest international security standards to keep your funds and information safe.
Besides ensuring that your crypto fortune remains secure, Kraken also offers deep liquidity for effective trade execution and management. At Kraken, deep liquidity means you
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