Kraken Pro Tutorial (How to Trade on Kraken Pro)
MoneyZG
Introduction to Cracken Pro
Cracken Pro is a trading platform that offers lower trading fees compared to the Cracken website. It allows users to trade with a Cracken account, and assets are fungible between the two accounts.
Key Features of Cracken Pro
- Trading fees start at 25 basis points (0.25%)
- supports various deposit methods, including PayPal, manual bank transfer, and easy bank transfer
- allows users to trade cryptocurrencies and fiat currencies
- has a user-friendly interface for depositing and withdrawing assets
Deposit and Withdrawal Options
- Fiat currencies: users can deposit and withdraw using various methods, including PayPal and bank transfers
- Cryptocurrencies: users can deposit and withdraw using different blockchain networks, such as Arbitrum
Trading on Cracken Pro
- Market orders: allow users to buy or sell an asset at the current market price
- Limit orders: allow users to set a specific price for buying or selling an asset
- Stop orders: allow users to set a trigger price for buying or selling an asset
- Take profit orders: allow users to set a target price for selling an asset
- Iceberg orders: allow users to split a large order into smaller chunks to avoid affecting the market price
- Trailing stop orders: allow users to set a stop loss that trails the market price
Analytics and Portfolio Management
- Cracken Pro provides analytics and charts to help users make informed trading decisions
- Users can view their portfolio and track their balances and open orders
Staking Assets
- Cracken Pro allows users to stake certain assets, such as Cardano and Polkadot, and earn rewards
- Users can choose between flexible and bonded staking options, with varying rewards and lock-up periods