how to purchase bitcoin on kraken

To purchase Bitcoin on Kraken, you must first create an account, verify your identity, fund your account, place an order, and receive Bitcoin in your Kraken wallet.

Oct 26, 2024 at 03:23 am

How to Purchase Bitcoin on Kraken

Step 1: Create an Account

• Visit Kraken's website: https://www.kraken.com
• Click on the "Sign Up" button
• Enter your email address, username, and password
• Complete the registration process

Step 2: Verify Your Identity

• Log into your Kraken account
• Go to the "Get Verified" page
• Select your verification level (Tier 1, Tier 2, or Tier 3)
• Submit the required documentation (e.g., identity card, proof of address)
• Verify your phone number through SMS

Step 3: Fund Your Account

• Go to the "Deposit" page
• Select your preferred funding method
• Available methods include: bank transfer, credit/debit card, Google Pay, PayPal (in supported countries)
• Enter the amount you wish to deposit
• Follow the on-screen instructions to complete the deposit

Step 4: Place an Order

• Go to the "Trade" page
• Select the BTC/USD market pair
• Choose an order type: Limit, Market, or Stop Order
• Enter the desired amount of Bitcoin
• Review the order details (price, fee, total amount)
• Place the order

Step 5: Receive Bitcoin

• Once your order is executed, the purchased Bitcoin will be credited to your Kraken wallet
• You can check your balance and view your transaction history in the "My Wallets" section