At Kraken, you can now buy your Crypto by paying via Google Pay and Apple Pay.
The kraken exchange takes one more step in the democratization of cryptocurrencies. Until then, we mainly used two means of payment: the card and the bank transfer. This situation has now changed, with the addition of Google pay and Apple pay wallets to the payment methods. And that’s not Kraken’s only innovation this year.
Buy Bitcoin with Google and Apple Pay at Kraken, It’s Possible!
Payment methods have a great impact on the opening of crypto currency to the general public. Not easy to invest in Bitcoin when to trust an obscure platform called Kraken or Binance. Have you ever heard of this Internet currency via your cousin who had dropped out of school, in addition you would have to connect your bank account?
Many scams have taken place, and it is not uncommon to hear about someone who has had their money stolen for wanting buy crypto currencies. So of course, most of the time the error is on the human side. Often the person has not learned enough about the platform. Worse yet, she may have been phished or contacted by a malicious site that has never actually sold cryptocurrency. But when you don’t know anything about it, you don’t know anything about it. So it’s fine to say “yes, but hey, Kraken is a good site, but Krakem, it’s a scam, that’s obvious ”. Because when you are new in a field, and half the world tries to get us with scams, each more inventive than the last, we always end up being cheated. And that’s normal.
It is undoubtedly by thinking about this problem that the Kraken team arrived at this solution. How to remove the problems that are in the payment ? Google pay and Apple pay are services that do their part in terms of security. They take care of knowing for you whether the product you are trying to buy is legitimate. These are signs of trust. In addition, you do not have to transmit your banking information. They are stored at Apple and at Google.
Crypto Currency Trading Gets Easier
This precise point highlights another advantage of the services Google pay and Apple Pay. One of the most common mistakes when buying cryptocurrency is making a data entry error. This type of error is very common, and it can give rise to costly inconvenience.
Payment features via wallets Google and Apple will be available for the Kraken app, itself available through the Google store and Apple store. Thus, after downloading your application, you will be able to buy Bitcoin and Ethereum in 3 steps, watch in hand! You will go to the purchase section of the Kraken app, you choose the trading pair that suits you, for example Bitcoin / Euro XBT / EUR (yes, at Kraken the Bitcoin ticker is written XBT)
Then, at the time of purchase, you select the option “buy with Google / Apple pay”. The amounts are currently capped between $ 10 minimum and $ 7500 maximum for this type of payment.
Finally, you proceed to the payment! Nothing’s easier. And much faster than the previous solutions. We often remember our first purchase, in 2017. We first had to add the bank account as a beneficiary. Then we had to make transfers. It was often recommended to make a small transfer first to ensure that the accounts were properly connected. Between each step, you can add a delay of several days, and of course weekends, banks do not work. It was a little longer. This improvement should speed things up!
Kraken Exchange in full explosion!
And acceleration seems to be the key word at Kraken. The exchange is one of the oldest and strongest in space blockchain. Launched in 2011 in San Francisco by Jesse powell, the current CEO. It is one of the oldest exchanges. And such a lifespan in this universe speaks for itself. Numerous crypto exchanges have appeared and disappeared during this time. Others have suffered major cryptocurrency hacks and thefts. But not Kraken.
Today, the exchange is placed in 6th position on the world podium. And the company has announced a desire for development in several directions. To begin with, the exchange intends to attack the European market. The latter is a difficult market, as it is governed by an impressive number of user protection laws. It is even one of the characteristics of the European market: standards and certificates.
Coinbase and Binance have a serious competitor
And the world of finance is no exception. However, Kraken can boast of complying with the laws and obligations of this type of platform. For example, unlike its rivals Coinbase and Binance, the exchange has never traded Crypto Stock. This is action in the form of a blockchain token, a Binance practice that Germany has pinned down. Kraken also did not engage in lending and derivatives, unlike Coinbase. What is worth today at Brian armstrong, the CEO of Coinbase, to be in dispute with the SEC – Securities and Exchange Commission – the policeman of the US stock exchange.
There are things Kraken would love to recover from their rivals though. For example, an IPO. Today, only Coinbase has made the leap to public company per share. A wise choice, which makes it possible to raise funds and accelerate development. And precisely, Kraken wants to accelerate. A fundraiser allows the exchange to be valued for its profits. But it is also a way for investors to bet on crypto currencies without being too exposed to their volatility. In addition, you will be able to buy Kraken and Coinbase shares from a classic action wallet. And taxation is well known for this type of asset, while cryptocurrencies like Ethereum remain a fiscal UFO.
In short, Kraken is shifting into high gear. Secure and fast payment methods, an IPO, and a new market in the sights. With so many areas for improvement, the exchange could gain places on the podium. Especially if the leader, Binance, continues to be attacked from all sides by global regulators.