{"id":256207,"date":"2020-04-02T14:06:38","date_gmt":"2020-04-02T18:06:38","guid":{"rendered":"https:\/\/insidebitcoins.com\/?page_id=256207"},"modified":"2024-11-20T16:25:46","modified_gmt":"2024-11-20T16:25:46","slug":"kraken-alternatives","status":"publish","type":"page","link":"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/best-crypto-exchanges\/kraken-alternatives","title":{"rendered":"Kraken Alternatives – 10+ Better Cryptocurrency Exchange Platforms"},"content":{"rendered":"

In this guide, we will explore some of the disadvantages of Kraken and suggest alternative platforms that offer better usability, liquidity and safety.<\/strong><\/span><\/p>\n

What are Some of the Disadvantages of Kraken?<\/strong><\/h2>\n

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Kraken is a cryptocurrency exchange that offers access to 140 cryptocurrency trading pairs, hosting some of the more obscure coins and tokens. This opens up a world of highly risky trades, with the potential for rapid asset appreciation.<\/span><\/p>\n

Kraken is one the few exchanges with a complete fiat gateway. This means that Kraken allows withdrawals in several leading world currencies, instead of only offering withdrawals of cryptocurrencies and tokens. <\/span><\/p>\n

However, despite its popularity, especially as a vehicle for cryptocurrency speculators to switch to regular currency, Kraken has several serious drawbacks. The well-known Kraken cryptocurrency exchange has shown clear risks and discrepancies over the years. <\/strong><\/span><\/p>\n

Being an unregulated platform, like many other cryptocurrency exchanges<\/a>, Kraken is always at risk of hacks or asset theft. The exchange has also shown some evidence of Bitcoin robot<\/a> trading. <\/span><\/p>\n

Other disadvantages include: <\/span><\/p>\n