How to operate Kraken contracts on mobile phones

To start trading contracts on Kraken, create an account, fund it, select a contract, specify the trading amount and price, and place the buy or sell order.

Nov 15, 2024 at 05:28 pm

Step 1: Creating a Kraken Account

Download the Kraken app from the App Store or Google Play Store.
Open the app and tap "Create Account."
Enter your email address, create a password, and agree to the terms of service.
A verification link will be sent to your email address. Click this link to verify your account.
Once your account is verified, you can log in using your email address and password.

Step 2: Funding Your Kraken Account

Tap the "Funding" tab at the bottom of the screen.
Select your preferred funding method (bank transfer, credit card, or crypto deposit).
Follow the instructions to deposit funds into your account.
Once your deposit is confirmed, you can start trading contracts.

Step 3: Trading Contracts on Kraken

Choose a Contract: Tap the "Contracts" tab at the bottom of the screen. You will see a list of available contracts. Select the contract you want to trade.
Enter Your Order: Choose whether you want to buy or sell the contract. Enter the amount of the contract you want to trade and the price at which you want to trade.
Place Your Order: Tap the "Sell" or "Buy" button. Your order will be placed on the exchange and executed when the market price reaches your specified price.

Step 4: Managing Your Contracts

You can view your open orders, closed orders, and trading history in the "Orders" tab.
To close a position, tap on the "Close" button next to the order.
You can also view your profit and loss for each closed order in the "Positions" tab.

Step 5: Withdrawals and Deposits

To withdraw funds from your Kraken account, tap the "Funding" tab and select "Withdrawal."
Choose your preferred withdrawal method (bank transfer or crypto withdrawal).
Enter the amount you want to withdraw and the destination address.
Follow the instructions to complete the withdrawal.

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