Founded in 2011 and headquartered in San Francisco, Kraken is a prominent cryptocurrency exchange. With its 10th highest 24-hour trading volume according to CoinMarketCap, Kraken is known for its Euro volume and liquidity, making it the largest crypto exchange in those aspects. Kraken offers a wide range of trading pairs, allowing users to buy, sell, and trade Bitcoin against Canadian Dollars, British Pounds, Euros, US Dollars, and Japanese Yen. While suitable for users of all experience levels, Kraken also provides advanced trading features like margin trading, catering to crypto-veterans. Users can choose from five tiers (Tier 0-4) based on their level of identity verification, with higher tiers offering increased funding limits and the ability to deposit and withdraw fiat currencies. Kraken is recognized for its comparatively low transaction fees, which are calculated based on the trade's quote currency volume and charged per trade. For more details on fee updates, please refer to the link provided in the sidebar.