Kr How to trade contracts in Kraken

To fund your Kraken account, select from a range of supported methods and follow the instructions provided to deposit funds securely and conveniently.

Nov 18, 2024 at 02:26 am

Step 1: Creating an Account on Kraken

Visit the Kraken website and click on "Create Account."
Enter your email address, username, and password.
Verify your email address by clicking on the link in the confirmation email.
Complete your personal information, including your name, address, and phone number.
Verify your identity by providing a government-issued ID and a selfie.

Step 2: Funding Your Kraken Account

Click on "Funding" in the top navigation bar.
Select your preferred funding method from the list of supported options.
Follow the instructions to deposit funds into your Kraken account.
Wait for the deposit to be processed, which may take several minutes or hours depending on the method used.

Step 3: Trading Contracts on Kraken

Click on "Trade" in the top navigation bar.
Select "Contracts" from the list of trading options.
Choose the contract you want to trade from the list of available futures and perpetuals.
Enter the order quantity, price, and leverage you want to use.
Click on "Buy" or "Sell" to place your order.

Step 4: Managing Your Contracts

Click on "Positions" in the top navigation bar.
This will show you a list of all your open contracts.
You can manage your positions by adjusting the leverage, adding funds to the margin account, or closing the position.

Step 5: Closing a Contract

Click on "Positions" in the top navigation bar.
Select the contract you want to close.
Click on "Close Position."
Confirm the details of the trade and click on "Close."

Step 6: Withdrawing Funds from Kraken

Click on "Funding" in the top navigation bar.
Select "Withdraw" from the list of options.
Choose the currency you want to withdraw and enter the amount.
Select the withdrawal method and provide the necessary details.
Click on "Withdraw" to process the transaction.

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