Bitcoin Forum

Hi,

I wanted to take the chance of a dip in price to buy a bit more bitcoin; unfortunately Kraken has been slow and not processing my buy order in the last hours: I wait since early this morning, tried to cancel my first order and process a new one but this has had no effect.

Did you guys have had any similar issues ? or recommendations ? shall I just wait or submit another order with a higher max value ? Will submitting a max price higher than the current offered price change the processing order so that my order goes faster ?

If you place an order at the current rate you shouldn't have a problem to get your order filled in the same minute. But if the rate is at 4500$ and you place an order to buy at 4400$ your order won't be filled asap, it will only when the rate will be 4400$. To make it simple: will you sell your bitcoin for 4000$ while the rate is at 4500$? Surely not.

Thanks for the reply. I did set the max price to the market price though;

Just cancelled the order for the 4th or 5th time and now it worked. Too bad I lost quite a few €s in the process as the price was way lower when I first tried this morning.
In general there were quite a few errors on the website, also had to submit orders several times etc. too bad. Doesn't seem as reliable as I thought.
I'll try to look for alternative exchange sites, if you guys have recommendations I'd be glad.

Maybe it was due to their new decimal limitation? As it started to take place on 5 or 6 September. They sent emails to explain about it. But I do admit it happened multiple time with me before. Kraken is still the more convenient for me so I keep using it :/

Kraken had a major upgrade to it's trading engine at the beginning of January. If you haven't tried Kraken in a while please drop by to see how smooth trades are now. Also, be sure to check out our new trading interface at trade.kraken.com (http://trade.kraken.com).

Please drop by our Bitcointalk thread (https://bitcointalk.org/index.php?topic=290799.0) if you need anything else!