With the new Kraken app, getting crypto just got a whole lot easier. We’ve streamlined the buying and selling process, added more convenient payment methods, and wrapped it all in a sleek, user friendly design.
The app is now available in the US and the rest of the world* for both iOS and Android users. Give it a try and let us know what you think!
Why a new app?
We believe crypto is for everyone. We set out to create an app that anyone can use confidently, regardless of their experience level.
The perfect compliment to our more advanced Kraken Pro app, the new Kraken app is perfect for beginners just starting out in crypto, or experienced traders looking to quickly and conveniently buy or sell on the go.
If you’re new to Kraken, you can easily dive in and learn about Bitcoin and any of the 50+ cryptocurrencies we offer before you invest. It’s quick, secure and simple.
If you’re an existing client, you can now introduce family or friends to crypto (and Kraken!) with a beautiful and intuitive mobile experience.
Here are some of our favorite features:
Buy crypto with your bank account
Simply and securely connect your bank account** to Kraken and purchase the crypto of your choice instantly.
Buy or sell 24/7/365
Simply scroll and tap to buy and sell in convenient preset amounts ($20, $50, $100), or quickly enter a custom amount. Just a minute is all it takes to get in the game.
Your portfolio in your pocket
Track your winners and losers, keep tabs on your favorite projects, browse the most popular or top gainers of the day and catch up with industry news from the Kraken blog – there’s now a wealth of knowledge at your fingertips.
What are you waiting for? Download the new Kraken app and start exploring now.
Take the tour!
Simple logins and onboarding
Protect your account with fingerprint or face recognition
New users can create a Kraken account or log in directly on the app
Get verified, fund your account or add a payment method right in the app
Get started in minutes
See 50+ cryptocurrencies at a glance
Easily find cryptocurrencies
Tap any crypto and view a brief project summary, price history, related articles and more
View the day’s leaders like top gaining, biggest dip, largest market cap and most traded
Create your own custom watchlist to monitor potential investment opportunities
Easy buying and selling
Use your bank account to buy crypto with low fees
Buy and sell in convenient preset amounts ($20, $50, $100)
You don’t have to buy a full bitcoin, start with as little as $10
View real-time prices before you trade
Quickly review your portfolio
View a simple breakdown of your investments
Review orders and past trades
Easily review the value of each investment and its % of your portfolio
Make quick investment decisions with a tap
See your transaction history for each of your investments
Which Kraken app is right for you?
No matter what your goal is with cryptocurrency, there’s a Kraken app that can help. Check out the features from our full suite of apps below and choose the one that fits your needs.
Perfect for beginners or anyone looking to quickly buy and sell crypto on the go, here’s what you can expect from the new Kraken app:
Buy with your bank account
Monitor prices and track your portfolio
View top winners/losers
Save your favorite cryptos
Purchase predefined amount ($20, $50 or $100)
Beautiful, intuitive design
Need more advanced tools for trading crypto? Check out what Kraken Pro has to offer:
Professional trading experience, designed for power users
Margin trading with up to 5x leverage
Advanced order types
Multiple charting and order book display options
Want to make bitcoin and crypto futures part of your trading strategy? The Kraken Futures app lets you:
Trade top cryptocurrencies with up to 50x leverage
Seamlessly transfer between Kraken Spot and Kraken Futures markets
Utilize a flexible and intuitive trading interface
Receive personal support and educational content
*Available in all countries except Japan and the ones listed in this article
**Only U.S. residents can purchase crypto with their bank accounts at this time
The US multinational investment bank Goldman Sachs continues with its 180-turns on the cryptocurrency industry. After its recent interest that included filing for a Bitcoin ETF and exploring crypto as an asset class, the institutions’ latest report said virtual currencies are not a “viable investment.”
Crypto Is Not a Viable Investment: Goldman
It’s safe to say that Goldman Sachs has displayed a controversial approach to the cryptocurrency space. The latest report coming from the Wall Street giant takes it back a notch by going to its hostile policy from previous years.
Titled “Digital Assets: Beauty Is Not in the Eye of the Beholder,” it touched upon some of the most recent concerns, including high energy consumption required in the process of mining. This topic was raised in May by Tesla’s Elon Musk, who criticized BTC for using too much coal fuel.
The paper also touched upon cryptocurrencies’ usage in ransomware attacks after numerous hacks transpired on US soil in recent months. After each, the perpetrators indeed requested the payments to be sent in bitcoin.
Furthermore, the document named impending regulations as the “biggest risk to the speculative aspects of this ecosystem.” Keeping in mind all of these concerns, the bank concluded:
“After analyzing various valuation methodologies and applying our multi-factor strategic asset allocation model, we have concluded that cryptocurrencies are no a viable investment for our clients’ diversified portfolios.”
The Goldman Sachs Investment Strategy Group should sign off its research pieces on crypto with “Have Fun Staying Poor”. pic.twitter.com/TiedRBxWhI
The mentioned-above word ‘controversial’ might not be strong enough to describe Goldman’s ever-changing views on the industry.
The institution was among the first regulated entity to launch a crypto trading desk all the way back in 2017. Yet, that came amid the parabolic price increases, and when the year-long bear market followed, Goldman halted the initiative.
In the meantime, Goldman held a conference call in which it said bitcoin is not an asset class. Bank executives repeatedly questioned BTC’s ability to serve as a reliable store of value and blasted its volatility.
Yet again, Goldman restarted the trading desk this year when, once again, prices were skyrocketing to new highs. It also filed for a Bitcoin ETF with the SEC, explored launching custody services, added BTC to its year-to-date returns report, participated in investment rounds in crypto projects, and enabled clients to trade bitcoin derivatives.
With all of that in mind, it’s not such a surprise that Alex Kruger and other crypto community members viewed Goldman’s latest U-turn as nothing out of the ordinary.
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Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice
The weekend curse seemed to continue as the global cryptocurrency market opened in the red on yet another Saturday. Ethereum was no exception to the trend and found itself burdened by selling pressure. At press time, the world’s largest altcoin was trading at $2,227, down by 4% in the last 24 hours.
Ethereum’s daily chart pictured an ascending triangle breakdown after the price was rejected at the 20-SMA (red) and $2,540 resistance. A southbound trend ensued and losses amounted to over 13% from the bottom trendline of the pattern. The next question was – What level could provide support for ETH’s downfall?
23 April’s swing low of $2,080 was one defensive option. A bounce back from this region triggered a 100% rally in end-April and saw the digital asset hit its ATH above $4,000. While a similar outcome is certainly unlikely in a bear market, the line could offer support nonetheless.
Further down the charts, another support line rested at 23rd May’s swing low of $1,730. This area was further bolstered by the 200-SMA (green). Once ETH finds its resting ground, the focus would switch to certain resistance levels but the bulls would face an uphill task to target a break above $2,900.
The Relative Strength Index has been unable to break above 50 since the 19th May crash. This indicated that bears were still in control of market prices despite several recovery attempts over the last few weeks. The MACD did see some choppy movement since June but the same has failed to rise above equilibrium. Moreover, the On Balance Volume’s downtrend suggested that selling pressure was still dominant in the market.
While more downside was certainly on the cards, ETH’s support zones can be expected to alleviate incoming selling pressure. However, the price would be constrained going forward. The 20-SMA hovered next to $2,540 and gains would likely be contained below this line over the coming days. Even in the unlikely event of a breakout, ETH did not look ready to climb above $2,900 just yet.
Ethereum can be expected to find support around $2,080-2,000 region moving forward. A sturdier form of defense rested at $1,730, should it be called into action. In case of a bullish resurgence, ETH could struggle to break above $2,540 over the coming days as bears still had the upper hand.
Scammers are Sending Fake Ledger Wallets to Steal Cryptocurrencies
Rate this post Scammers are sending fake Ledger replacement devices to the victims of hacked users exposed in the recent Ledger data breach in order to steal their cryptocurrencies. Victims Of Ledger Hack Receives Fake Hardware Wallet Victims of hacked customer data held by Ledger, which happened almost a year ago are still being targeted by scammers. Over 1 million victims of the hack had their details exposed, including their names, phone numbers, and email addresses with more than 200,000 people also having their home addresses being exposed. Now, scammers have taken a new turn by mailing the same hacked victims fake replacement devices in order to steal their private seeds. A Reddit user initially reported receiving a fake Ledger Nano X device in the mail in an authentic-looking package which included a letter stating the user needed to replace their current wallet for safety reasons. In a Ledger blog post on June 17th, explaining the scam, the company said the box includes a fake letter explaining the “need to replace your existing hardware wallet to secure your funds. This is a scam. The Ledger Nano is fake.” Fake Wallets Designed to Steal User’s Cryptocurrencies The device came in an authentic-looking packaging, with a poorly written letter explaining that the device was sent to replace their existing purportedly signed by Ledger CEO Pascal Gauthier. By tampering with the device, the malicious actors hope to get the victims typing in their recovery words into the fake app, which would enable them to take control of the victim’s funds and gain access to the funds. Last year, customers of Ledgers suffered two significant data leaks, with the first that took place on July 14, when an unidentified third party accessed over one million emails and 9,500 addresses of its customers. The second happened on December 20 when the information was leaked to the internet for free, resulting in a series of phishing and scam attacks by mail.
A Reddit user initially reported receiving a fake Ledger Nano X device in the mail in an authentic-looking package which included a letter stating the user needed to replace their current wallet for safety reasons.
In a Ledger blog post on June 17th, explaining the scam, the company said the box includes a fake letter explaining the “need to replace your existing hardware wallet to secure your funds. This is a scam. The Ledger Nano is fake.”
Fake Wallets Designed to Steal User’s Cryptocurrencies
The device came in an authentic-looking packaging, with a poorly written letter explaining that the device was sent to replace their existing purportedly signed by Ledger CEO Pascal Gauthier.
By tampering with the device, the malicious actors hope to get the victims typing in their recovery words into the fake app, which would enable them to take control of the victim’s funds and gain access to the funds.
Last year, customers of Ledgers suffered two significant data leaks, with the first that took place on July 14, when an unidentified third party accessed over one million emails and 9,500 addresses of its customers. The second happened on December 20 when the information was leaked to the internet for free, resulting in a series of phishing and scam attacks by mail.