how to buy crypto on kraken app

To buy cryptocurrency on the Kraken app, create an account, fund it, choose a cryptocurrency, place an order, confirm the purchase, and withdraw it to an external wallet if desired.

Oct 27, 2024 at 06:52 pm

How to Buy Cryptocurrency on the Kraken App

Step 1: Create an Account

• Visit the Kraken website or download the Kraken app.
• Click on "Create Account" and provide your personal details (name, email, password).
• Verify your email address and complete the identity verification process.

Step 2: Fund Your Account

• Log into your Kraken account and click on "Funding."
• Choose your preferred deposit method (wire transfer, debit card, ACH).
• Follow the instructions and enter your deposit amount.

Step 3: Choose a Cryptocurrency

• Click on "Trade" and select "Spot."
• Search for the cryptocurrency you wish to purchase in the search bar.
• Examples: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC)

Step 4: Place an Order

• On the cryptocurrency page, click on "Buy."
• Enter the amount you wish to purchase (minimum amounts may apply).
• Select your order type (market order, limit order, stop order).
• Review the order details and click "Place Order."

Step 5: Confirm Purchase

• If you selected a market order, your purchase will be executed immediately.
• For limit or stop orders, your order will be placed and executed when the market price reaches the specified trigger point.
• You can track the status of your orders in the "Open Orders" section.

Step 6: Withdraw Cryptocurrency

• Once you have purchased your cryptocurrency, you can withdraw it to an external wallet.
• Click on "Funding" and select "Withdraw."
• Choose the cryptocurrency you wish to withdraw and specify the amount.
• Enter the address of your external wallet.
• Verify the withdrawal details and click "Withdraw."