How to Get Started Trading on Kraken’s New Trading Platform

CW-training-blog

Kraken is pleased to launch a new and greatly improved trading platform for our clients that is found here:

https://trade.kraken.com/

The trading platform is adapted from the popular charting and trading site Cryptowatch. Kraken has acquired Cryptowatch – you can read more about the acquisition here:

Quick-Start Guide to Trading on the New Platform

Accessing the trade interface

There are two ways to access the trade interface so you can start trading.

  1. From https://trade.kraken.com click “Connect” – you will be directed to https://www.kraken.com/trade-login where you will enter your Kraken login credentials (Important: please note that this logs you in to your account at kraken.com and logging out from the new trade platform will NOT log you out from kraken.com – you must navigate to https://www.kraken.com separately and log out if you do not wish to be logged in)
  2. OR you can log in to your account at https://www.kraken.com and navigate to Trade > New Order > Cryptowatch

Entering orders

The order form is on the top right of the screen (you may need to wait a few moments for the screen to finish loading before it becomes available). The order form should be pretty intuitive so we won’t go into that here. The order types and leveraged margin trading of course work the same way.  Note that the option to Settle margin positions is not yet available on the new interface (coming soon), so you will have to use the old interface to settle positions for now.

Viewing recent orders, trades and positions

You can view recent orders, trades and positions in the lower right of the screen. Note that only more recent activity will be shown, so if you want to look further back into your order or trade history, you may have to log in to your account on https://www.kraken.com for this.

Selecting currency pairs

Currency pairs are selected in the upper left of the screen below the Kraken logo.

Is the new trade interface safe?

Yes – it’s just as safe as trading on the old interface. Keep in mind that anyone who has access to your computer while you are logged in will be able to make trades on your account. When you are finished trading, be sure to click “Log out” in the upper right of the screen.

Does the new trade interface require that I stay logged in to kraken.com?

No – you must log in to kraken.com to launch the new interface, but once it is launched you do not need to stay logged in to kraken.com. When you are finished trading, be sure to click “Log out” in the upper right of the screen.

Be careful about trading on the new and old interface at the same time

It is possible to be logged in to the new and old trade interface at the same time. Orders or trades entered on one interface will take a short while to appear on the other interface. We recommend that you just trade on one interface at a time – preferably the new one!

Configurations options

There are many options for configuring the interface, found by clicking the “gear” icon as shown in the image below.

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Need more help?

The new trade platform is pretty intuitive, so you may be able to figure out most things by playing around a bit. Should you need further assistance, please contact Kraken support.