Bitcoin Forum

Hi, if i buy 2 btc on localbitcoins it costs £644. However if i buy 2btc on kraken it costs £608. But on kraken how long do the deposits take and are there and hidden bank/kraken fees? thanks

BUMP - need help

I am not sure but i remember that in the GERMAN section some users complained about kraken in the past 2 weeks better to be safe and pay a bit more !

Ok, anyways i chose localbitcoins and TSB Bank suspended my account!!!!! I'm hoping the price doesn't rise otherwise i wouldn't be happy  >:(
I think my account was suspended because i bought 2btc worth £643.40

BUMP

i have made 2 deposits on kraken one got 2 days and the other got 4. also i have made a withdrawal that was sent in one day and yesterday i placed my second. i would recomend kraken

Kraken works with Fidor which is a german bank, so I don't think there's anything to worry about, maybe if you're in US you should ask them first if that's a problem? Keep in mind it has low volume so price could change easily with heavy orders, but for just 2 btcs it's not a problem. Localbitcoins has its disadvantages aswell and you have to know what you're doing before meeting with a stranger, it's really easy to be scammed if the person you contacted has no feedback.

LBC will generally be much more expensive as there is no AML/KYC process to go through. Since people are willing to pay for this convenience the traders will charge for it.

hide bank fees is certainly, Exchange fee do not include another fees