▶Kraken ☈+1(205)-931-8850 customer service number | Kraken customer care number

:- ▶Kraken ☈+1(205)-931-8850 customer service number | Kraken customer care number

Kraken has almost 60 coins and deals with seven fiat currencies. That's not the biggest selection of digital currency you'll find, but it's comparable to some of the best cryptocurrency exchanges. And it's a step up from many brokers that only offer a handful of well-known coins. Kraken also boasts a high liquidity, meaning it is easier to buy and sell at a fair price.

Kraken works using currency pairs and not all of its currencies are exchangeable for the others. What is a currency pair? Imagine you're taking a vacation in Germany and you need to exchange your dollars for euros. That's a currency pair. If you're using dollars to buy Bitcoin or Bitcoin to buy Ethereum, you're always swapping one currency for another.

Kraken is one of the few exchanges that offers margin, stop orders, and crypto short sales. It also has something called a dark pool where high-volume investors can trade anonymously. Kraken lets you leverage a currency pair by up to 5x and allows eligible pro clients to access up to $500,000 in margin. Before you get too excited, margin trading can be risky. You're essentially borrowing money to invest.

Let's say you invest $100 in Ethereum. You decide to use that 5x margin. If Ethereum goes up in value, you'll multiply your gains by 5. But if Ethereum loses value, your losses will also be multiplied. Cryptocurrencies are already a risky investment, and using margin exponentially increases that risk.