Kraken is secure, but it’s always safest to keep your OCEAN in a wallet, a software or hardware device that stores the public and private keys required to make crypto transactions. The Ocean Protocol is a platform built on top of Ethereum , meaning OCEAN can be stored in an Ethereum wallet, of which there are many.
Read moreIs Kraken a reliable exchange?
Kraken and Coinbase are two of the most trusted cryptocurrency exchanges on the market . Kraken is one of the earliest exchanges, founded in 2011, with its home base in San Francisco, California.
Read moreHow do you exchange in the Kraken?
Trading on the exchange
Read moreCan I convert Bitcoin to XRP on Kraken?
If you want to sell XRP for another cryptocurrency (like BTC or ETH), generate a deposit address in your Kraken account and send your XRP to that address . Depositing crypto to Kraken is as easy as transferring it to any crypto address.
Read moreCan you short on Kraken?
With the power of Kraken’s advanced trading engine, you can use extensions of margin from Kraken to buy (go “long”) or sell (go “short”) a variety of cryptocurrencies with up to 5x leverage.
Read moreCan you short and long on Kraken?
You cannot have both long and short positions on margin open at the same time in a single currency pair . All long spot positions on margin must be closed before a short spot position on margin can be opened (and vice versa). See Flipping Positions.
Read moreHow do I short sell a Bitcoin Kraken?
To settle an open “short BTC” BTC/EUR spot position on margin, you must transfer to Kraken the amount of BTC you sold on the market for EUR when you opened the position . This satisfies your obligation to return to Kraken the BTC that Kraken extended to you when you opened the position (i.e., sold the BTC for EUR).
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