Does Kraken crypto exchange operate in NZ?

March 08, 2022 08:54 PM AEDT | By Jasmine Anand
 Does Kraken crypto exchange operate in NZ?
Image source: Wit Olszewski, Shutterstock.com

Highlights

  • Crypto exchanges make crypto trading easy and offer a variety of features to their users.
  • Kraken, one of the world’s most popular crypto trading platforms, offers its services to New Zealand.
  • It offers competitive fees and 24X7 customer support.

Thanks to the astronomical surge in the popularity of cryptocurrencies, a rising number of people are looking for crypto exchanges, which facilitate the buying, selling and trading of these virtual currencies.

Kraken is one of the most sought-after crypto exchanges across the globe, both among new as well as existing cryptocurrency investors.

cryptocurrency, Kraken, Bitcoin

Source: © Selagin | Megapixl.com

Kraken provides services in Kiwiland

Founded in 2011 in San Francisco, the exchange operates in several countries worldwide.

This platform does provide its services in New Zealand and supports more than 110 coins, including Bitcoin, Ethereum, Dogecoin, Cardano, Polkadot, Ripple, Sushi and heaps more.

Do Read: Shiba Inu is now listed on Kraken; how to buy SHIB on Kraken?

It also supports stablecoins like USD Coin, Tether, etc.

Also Read: Why is Binance one of the popular crypto exchanges in NZ?

Ease of Use

Boasting a simple user interface, the platform is easy to operate even for first-timers. After the account verification, one can easily buy cryptos using a linked bank account.

Further, the exchange offers two trading platforms, namely Kraken and Kraken Pro, to its users. It is noted that anyone with a Kraken account can opt for Kraken Pro, which offers lesser pricing as compared to the main Kraken platform.

Offers 24/7 support

Kraken’s dedicated support specialists are fluent in several languages and offer quick and personalised solutions. 

Moreover, the platform also provides a round-the-clock live chat facility for efficient resolution.

It is pointed out that issues that might take several weeks to solve on other crypto exchanges are generally resolved within 24 hours by its expert team.

Competitive rates across all its products    

Depending upon the platform and the trade one has opted for, Kraken offers competitive prices for its various products and services.

For instance, for purchasing a stablecoin with USD, etc., a 0.9% fee is charged while 1.5% is charged for buying a stablecoin with another crypto exchange when going for instant purchases.

Kraken offers world-class security

The crypto exchange boasts of having a global team of top security professionals who deploy a risk-based approach, thereby ensuring the highest level of safety and security of their clients’ digital assets.

Interesting Read: Easy Crypto: Is it a safe platform for crypto trading in NZ?

Further, a majority of its deposits are kept in air-gapped, offline cold storage, and its servers dwell in secure cages, whose physical access and code deployment is strictly administered.

Bottom Line

When selecting a cryptocurrency exchange, due care should be taken while selecting the crypto, pricing, withdrawal options, etc.

Risk Disclosure: Trading in cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory, or political events. The laws that apply to crypto products (and how a particular crypto product is regulated) may change. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading in the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Kalkine Media cannot and does not represent or guarantee that any of the information/data available here is accurate, reliable, current, complete or appropriate for your needs. Kalkine Media will not accept liability for any loss or damage as a result of your trading or your reliance on the information shared on this website.


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