How to play Kraken? Kraken exchange newbie registration and trading tutorial

Kraken provides the following steps to play on the platform: Register and verify your account. Deposit funds into the account. Select a trading pair (e.g. BTC/USD). Enter the order type and transaction amount. Preview and place your order. View order status, cancel orders and track history.

How to play Kraken?

Newbie registration

1. Visit the Kraken website (www.kraken.com).
2. Click "Create Account" and fill in the necessary information.
3. Verify your email address.

Buying and Selling Process

1. Deposit Funds: Deposit funds into your Kraken account using bank transfer, credit card, or cryptocurrency.
2. Select a trading pair: In the trading page, select the cryptocurrency and fiat currency you want to trade (e.g., BTC/USD).
3. Enter order type: Select the type of order you want to place, such as market order, limit order or stop loss order.
4. Enter Transaction Amount: Enter the cryptocurrency amount or fiat amount you wish to trade.
5. Preview Order: View order details including price, fees and total amount.
6. Place an order: Click "Buy" or "Sell" to create an order.

Order Management

• View order status: In the "Orders" page, you can view the status of current and completed orders.
• Cancel an Order: If you no longer wish to execute an order, you can cancel it.
• Track Order History: View all your trading activity, including buy and sell orders.

Additional Features

• Leveraged Trading: Kraken offers leveraged trading, allowing you to use borrowed funds to make larger trades.
• Margin Trading: Use your cryptocurrency as collateral to get a loan.
• Over-the-counter (OTC): Provide customized services for large transactions.

Notes

• Before trading on Kraken, please make sure you understand the risks of cryptocurrency trading.
• Keep your account secure, enable two-factor authentication.
• Kraken charges trading fees, so it’s important to understand these fees before making a trade.

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