You can trade on 130 different trading pairs on Kraken that cover 32 cryptocurrencies and 6 Fiat currencies. There are different trading options available for basic and advanced users and the platform makes it easy to switch between them both.
You can place over 5 different types of orders on Kraken, namely:
- Market & Limit orders
- Stop-loss orders
- Take Profit Orders
- Settle Position Orders
- Combined Order Types
Additionally, for more advanced traders, there are other order options to provide more flexibility with trading that include:
- Conditional Close orders
- Order Start/Expiration Time
- P/L/Fee Currency Preference
- Post Limit orders
For fees, Kraken offers a novel volume-based fee schedule that dictates your maker and taker fees depending on how much you trade. The more you trade over a 30-day period, the lower your fees will be.
Maker fees start at 0.16% and Taker fees at 0.26% if your trading volume is between $0 and $50,000. As you increase your volume through the stages, your maker/taker fees continue to drop by 0.02%. So if you trade between $250,000 and $500,000 per 30-days your maker fees are 0.10% and taker fees are 0.20%.