Kraken Tutorial for Beginners 2025 (How to Deposit, Trade, Withdraw)

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Introduction to Cracken

To sign up for Cracken, go to Cracken.com and create an account with an email address. Cracken has two applications: Cracken and Cracken Pro, which use the same login but offer different features.

Setting Up Security

  • Enable 2FA (2-Factor Authentication) for added security.
  • Use passkeys for biometric sign-in, which is more secure than authenticator apps.

Depositing Funds

  • Go to settings and then payment methods.
  • Choose a deposit method (e.g., bank transfer, which has no fees).
  • Avoid using Apple and Google Pay due to high fees (2-4%).

Trading Fees on Cracken

  • Cracken Pro offers lower trading fees (25-40 basis points) compared to the normal Cracken app.
  • Fees are competitive, especially for spot crypto and stable coin/FX pairs.

Using Cracken Pro

  • Access Proof of Reserves to verify that Cracken holds the funds it claims.
  • View your portfolio balance and trading history.
  • Deposit and withdraw assets using various methods (e.g., bank transfer).

Trading on Cracken

  • Choose a trading pair (e.g., BTC/USDT).
  • Use the order book to view market activity.
  • Place a market order or limit order.
  • Limit orders offer cheaper trading fees but require setting a specific price.

Withdrawing Funds

  • Go to the withdrawal section and choose your preferred method (e.g., bank transfer).
  • Ensure your bank details match your Cracken account details.
  • Confirm the withdrawal to transfer funds to your bank account.

Additional Features

  • Cracken offers staking and margin trading features, which will be covered in separate video guides.