Choosing the best crypto platform can be an overwhelming process for those new to the market. The right platform will depend on your trading goals, risk tolerance and familiarity with the space. The crypto world is dynamic and volatile, which can make for a complex decision when you’re trying to build a diversified portfolio.

Some of the biggest factors to consider when deciding which crypto exchange is best for you include fees, supported assets and staking offerings. Some exchanges offer a huge selection of crypto trading pairs while others focus on more niche coins. You also have to decide how you want to store your crypto once you purchase it. Most — but not all — crypto exchanges offer the option to move your digital assets off the platform to a private wallet.

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Founded in 2011, Kraken is one of the most long-running and established exchanges in the industry. The exchange has a strong reputation for security and reliability and offers a desktop, mobile and pro trading platform with advanced tools and features. The site is regulated in multiple jurisdictions, including the U.S., which requires it to comply with state money-transmitter laws, New York’s BitLicense and federal AML/KYC rules. Kraken’s robust spot, margin and futures trading platforms feature deep liquidity and transparent, volume-based fee tiers, making it an ideal choice for more experienced traders. In addition, the exchange provides cryptocurrency staking for a wide range of assets, which can be an important part of your broader investment strategy.