|
Title: XBT/Currency trading on Kraken Post by: andcface on January 05, 2017, 03:16:00 PM Has anyone ever used the currency functions on kraken? do they trade xbt/usd and convert into the other currency (eg EUR, GBP) or if you trade at market are you going to get off market fills?
Title: Re: XBT/Currency trading on Kraken Post by: Wei H on January 05, 2017, 03:40:53 PM No, they trade on xbt/usd, they stay on xbt/usd.
I exchanged some XBT to legal currency on Kraken everything went smoothly, but it seems that there is a limitation on your legal currency withdrawal. Title: Re: XBT/Currency trading on Kraken Post by: BitHodler on January 06, 2017, 12:25:37 AM If you trade XBT/USD for example, then you can use the BTC you buy to jump into EUR or GBP trading if you sell a certain part of your BTC to the given currencies.
That's the easiest way of having the possibility of trading with various currencies without much hassle. I however don't see the added benefit of this though. Kraken's main traded fiat pair is XBT/EUR. If you look at the USD and GBP volumes, then they are not that impressive. Especially when you look at the GBP volume. It's peanuts. |