Buying and Selling Bitcoin on Kraken
Kraken offers a user-friendly interface for buying and selling Bitcoin. Whether you’re looking to make a quick purchase or engage in more complex trading strategies, Kraken has you covered.
1. Buying Bitcoin
To buy Bitcoin on Kraken:
- Go to the “Trade” Section: After logging in, navigate to the “Trade” section of your dashboard.
- Select Bitcoin (BTC): From the list of available cryptocurrencies, choose Bitcoin (BTC).
- Choose Your Trading Pair: Depending on the currency you want to use to buy Bitcoin, select the appropriate trading pair (e.g., BTC/USD, BTC/EUR).
- Enter the Amount: Specify the amount of Bitcoin you wish to purchase. Kraken allows you to choose between a market order (buying at the current market price) or a limit order (buying when Bitcoin reaches a certain price).
- Confirm the Purchase: Review the details of your order and confirm the transaction. Your Bitcoin will be credited to your Kraken account once the transaction is complete.
2. Selling Bitcoin
Selling Bitcoin on Kraken follows a similar process:
- Go to the “Trade” Section: Navigate to the “Trade” section and select Bitcoin (BTC).
- Choose Your Trading Pair: Select the currency in which you want to receive funds (e.g., USD, EUR) by choosing the corresponding trading pair.
- Enter the Amount: Specify the amount of Bitcoin you wish to sell.
- Confirm the Sale: Review the transaction details and confirm. The proceeds from the sale will be credited to your Kraken account in the selected currency.
