Hi everyone,
Please can anyone advise on what my options are. I tried to withdraw a reasonably large quantity of GBP from Kraken on the 11 August 2017. Kraken told me it failed and the money would be credited back to my account within 1 to 2 business days. After numerous support requests the last communication from Kraken in relation to my funds was last Friday 19 August 2017 when they said that the funds would be credited back by Monday 21 August 2017. I am getting seriously concerned here because they are ignoring my support tickets and the only communication that I have received was that GBP was being de listed and you should withdraw your GBP's. But I can't because they have not credited them back.
Can anybody advise what I can do? Do Kraken monitor this at all? and if so can anyone from Kraken please help? This is a substantial amount of money for me and it is causing me a lot of stress. I have seen lots of complaints about people losing out on trades etc but surely an Exchange which is supposedly one of the top exchanges cannot operate in this fashion and must give me an update.
Thanks
Sounds like bank wires are being rejected. I wonder if their decisions to pull pairs (including fiat pairs) have to do with banking problems. I hope not. I've seen several recent complaints regarding fiat deposits/withdrawals at Kraken. I'd make a post on r/bitcoinmarkets and tag the Reddit support rep (also send them a DM): https://www.reddit.com/user/krakenexchangeKraken doesn't monitor this forum and I don't think they have a rep here. Sometimes there is a Kraken rep in the Whaleclub chat: https://twitter.com/btcWhaleclubPlease keep us updated. |
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Recently I have read that bigger blocks isn't good. What we need is the lightning network, NOT Segwit. Although I don't know why big blocks is bad though.
Yeah, I never liked the block size increase brought by Segwit. But it was crafted as a compromise with big blockers, I suppose. The superior UTXO spending incentives and other optimizations largely mitigate the risks of increasing the block size, but the increase wasn't necessary IMO. Big blocks = more data to propagate. This encourages miner centralization because it increases orphaning risk. It also encourages node centralization because it makes operating a node more taxing. |
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Well, it's looking like bitcoin isn't quite the platform we imagined we could build to engage in the markets equitably....It's too slow, too expensive, and involves too much maintenance. It makes one wonder: what good is bitcoin? Maybe bitcoin cash will solve some of these problems so that we can start engaging the markets again. When a six dollar fee is required to make a five dollar transaction, then something's wrong! I don't care what the bitcoin Luddites say ---> BITCOIN IS BROKEN! We need something that works.
You are right dude and this is why we need the Lightning Network. I can't even imagine Bitcoin going past $10,000 without some major development (like LN) otherwise who in their right mind would pay 5%-10% fees on every transaction when credit cards are far lower? (2.9% and under) It just doesn't make sense and hopefully there is a solution very shortly or Bitcoin is screwed! 5-10% sounds absurd, but as you mention, we don't need micro-transactions to be confirmed on-chain. If Bitcoin is really to be digital gold (thus achieving much higher values), we can expect that on-chain fees in fiat terms will appear absurd. What you're paying for are confirmations on the most secure payment network in the world. That can't be cheap judging by the expenditures miners make. For redundant consumer payments, particularly with companies like Coinbase and Bitpay, the Lightning Network will hopefully make Bitcoin micro-transactions tenable. |
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Thanks for your answer guys...
I created my account long time ago but just used it recently for XMR trading, never deposited funds like Euro or Dollar.
I see many people have problems with this company and 99% of the holds was due bank deposits,
but I don't see any reason to hold my coins and not giving proper support.
I'm hoping that this is due to a large influx of customers vs. limited resources. People have been making similar complaints about Poloniex for months. Coinbase, too, is taking a week or more to answer simple support requests. Keep us updated. As established as Kraken is, I would like to think your money is safe (certainly sucks to miss selling into a pump, though). You might want to make a thread on Reddit in r/bitcoinmarkets... I'm pretty sure I've seen a Kraken rep answer threads there. |
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Personally, I hold half of what I have (you Never Know what's gonna happen), ans I use the other half on trading. Sometimes i loose ans sometimes i win. That's why i always hold the half of what i have and try to add some from my profits from trading.
This is a sensible way to go about it. Many have learned the hard way from Gox, McXNow, Cryptsy and most recently with BTC-e that it's best not to allocate all your funds to trading. And even if you do trade, withdraw your coins to local wallets whenever possible. Third party custodianship is a huge risk that many traders don't properly account for; you need to spread around the risk to multiple exchanges and hold coins locally for mid term and long term trades. Even regulated exchanges like Coinbase have FDIC insurance for USD funds, but they cannot guarantee cryptocurrencies if they are hacked. If they were hacked, they might only give you back the USD value of the coins at the time of the hack. |
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Bitcoin price keeps increasing. Price is x10 considering last year. Even 25k-50k-100k is predicted.
Are you adding more bitcoin by buying with cash? or you trade or invest in ICOs & altcoins in order to increase the amount you have?
or do you just hold what you have?
I haven't put any new fiat money into bitcoin for quite a long time, not since we were below $1000. I'm just holding, with a bit of light non-leveraged swing trading. I need a significant dump to occur before I'd be willing to put some new money in. I prefer to buy well into a correction rather than near the highs. I'm still hopeful for some dumps, though.
It's funny how we bitcoiners are always hoping for the price to dump (into our bids). We all know where this is headed long term.... just hoping there's some greater fool who will sell us his coins cheap.  |
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Why does Bitcoin Core (status quo / Segwit soft fork) cease to be Bitcoin, just because some hard forks were created?
Because Bitcoin Core and SegWit2X is a radical departure from the white paper. SegWit is the fork. Bitcoin Cash follows the original idea and it is the same thing that Satoshi called 'Bitcoin'. SegWit is not Bitcoin. SegWit is not even like Bitcoin. SegWit might be interesting science and a good approach to scaling - but it is not Bitcoin. That's a tough sell. That might be true if we didn't consider soft fork upgrades like P2SH to be Bitcoin...but we do. Segwit is backward compatible, so it's a bit silly to say that it's a radical departure from Bitcoin, isn't it? Users with currently standard wallets and addresses can continue as normal once Segwit activates, and the network will go on without a hitch. Creating a separate, incompatible network in hopes that users will migrate to it, and that it will attain majority hash rate? That doesn't sound like Bitcoin to me... |
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Every trading site has its own buying and selling order book. This decides the price on each seperate exchange. They are in fact not connected to eachother.
I think that is a problem. I had one website with ETH at $315 and another at $324. It seems that some exchanges are voluntary showing a price lower so that they can pocket the difference! It's not a problem. Arbitrage traders generally correct these imbalances pretty quickly. They run bots on several exchanges, reconciling accounts on each one to take advantage of the price gaps between exchanges, rather than the volatility itself. Exchanges could do arbitrage, too, and I don't see any major problem with it. I definitely think some exchanges push their prices higher or lower to run people's stops or margin call their traders, though. That's a problem, but it'll continue to happen on unregulated exchanges. I'm not sure I even trust the regulated ones.  |
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So everyone is fighting to argue that their prong of the fork is the 'real' bitcoin. But that distinction is clearly behind us now. There is no 'real' bitcoin. Rather there are 3 prongs each of which share the same genesis block and early history. Bitcoin now includes: - Bitcoin 1 : Bitcoin Cash
- Bitcoin 2 : Bitcoin SegWit2X
- Bitcoin 3 : Bitcoin Core
What does "share the same genesis block" mean exactly? Neither Bitcoin Cash nor Segwit2x will be compatible with the genesis block. I'm not even sure that Bitcoin Core is compatible with the genesis block --- there was talk recently that Satoshi implemented hard forks very early on in Bitcoin's history. Sharing the history doesn't mean much. Any fork can just copy the UTXO set. What matters is the actual network of users and their economic activity. That's what ultimately drives demand for any given coin. To help all members of the community, it is beneficial that everyone stop fighting over who will be the 'real' bitcoin and clearly distinguish between all three viable networks. Further fighting over the 'Bitcoin' brand is damaging to all three. When writing about your favorite prong, please use the designators above.
Why does Bitcoin Core (status quo / Segwit soft fork) cease to be Bitcoin, just because some hard forks were created? |
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Hi Sent some btc from coinbase and I was wondering why it was taking so long so I checked the transaction id here: https://blockchain.info/tx/680c0a395dfc83a7063086d812fcc8c8c1981d8cec1d51385e02b76da6dd4275It says 1 sat/Byte fee!!!! Why is this? I Didn't set the fee Coinbase did! This transaction is never going to confirm is it? What can I do about this as obviously Coinbase support is going to take ages just to get back to me? The free via accelerator says "fee too low" so that's out of the question Also, as a side note, the 0.0167... i sent, what is the 0.0104... on that page? Never had this problem before and not sure how to proceed. Please help! Wow, it really has 1 sat/byte fee. I can't remember the last time I saw a fee so low.  Here are a couple options. ViaBTC has a transaction accelerator: https://pool.viabtc.com/tools/txaccelerator/ BTC.com also has one: https://pushtx.btc.com/Try to push your transaction through those services. User HumbertDice on the forum is apparently also offering this service for free via Antpool, and some users are reporting that their low fee transactions were confirmed: https://bitcointalk.org/index.php?topic=2111723.0You should also open a ticket with Coinbase, but unfortunately, it will take them a while to address it. The 0.01044064 BTC output is a change output (the change from sending you your output). |
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Bitfinex got hacked before and users have lost thousands of bitcoin because of security loop hole bitfinex had so I suggest you to not use them.
Bittrex in other hand can be considered as safer exchange with lots of trading volume and coin pairs till now, but never keep all your cryptos in echange wallet.
I lost trust to bitfinex as well when they got hacked last year. Though they paid their customers eventually but that did not bring my trust back. I trade at bittrex right now. Before that it was polo, but polo have problems recently. I don't consider them to have fully paid their customers. The debt (necessarily) was re-denominated in USD, so people definitely lost coins. The opportunity cost was also significant following relaunch. It was also entirely sensible to dump to recover whatever you could and exit the exchange, given the fact that they had no idea how they got hacked (and still don't). They probably made the best of a shitty situation, but it may have just bought time. The debt tokens were probably unregistered securities, and they issued them to US customers and allowed them to sell on the open market. Same with withdrawing from the US market now.... too little too late. |
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you can ask Coinbase or Gemini how they are insured because they are Could you provide any proof? I'm curious to know which insurance company is insuring bitcoins. Given the volatile nature of Bitcoin price, it seems to me that this task would be next to impossible to perform. Apart from that (given the irrevocable nature of Bitcoin transactions), I would also like to know the premiums they demand for insuring Bitcoin holdings. As to me, it would be impossible for Coinbase to exist if they were to fully insure the bitcoins of their clients. In other words, their profits wouldn't be enough to cover insurance expenses Coinbase insures fiat money (e.g. USD has FDIC insurance up to $250,000, like any standard bank account). I imagine Gemini does the same. But I'm not aware of anything that covers cryptocurrencies. I still haven't heard of bitcoin insurance companies; I imagine the premiums at this stage in the game would be astronomical. The only case that comes to mind... BitPay tried to collect from and later sued the Massachusetts Bay Insurance Company over a phishing incident where the executives got fooled into sending thousands of bitcoins based on fraudulent requests. The lawsuit was dismissed, though. |
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Bittrex is an upcoming exchange, but they unfortunately don't allow actual fiat versus crypto trading. If fiat trading is an important aspect for you, just look into Bitstamp or Kraken. They don't support direct fiat trading markets yet, but they do have USDT markets. Tether is supposed to be pegged at 1:1 to USD, but it is tied to Bitfinex, so your third party exchange risk is with Bitfinex rather than Bittrex when you hold USDT on Bittrex. They will, however, offer USD markets in the future: In the near future Bittrex will be launching USD Markets and allow Credit/Debit deposits of USD in order to purchase/sell BTC. https://support.bittrex.com/hc/en-us/articles/115000198572-How-do-I-buy-coins-with-US-Dollars-Also, if you have Enhanced Verification, you can purchase BTC, ETH or USDT via wire transfers in the amount of $10,000 or greater. |
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Hey there! I'm considering switching exchanges from Bittrex to bitfinex. I've heard many times now that it's much better! Im sure there's 1000 topics connected with it. Just want to know your word if u already switched from one to another.
Tell me what's better what's worse, is it worth it.
Thanks in advance!
Bitfinex is much bigger and has much more liquidity for the markets they support. Being so much bigger, they also probably have more to worry about from the US government... they are both unlicensed. Bittrex has a lot more markets, although Bitfinex is adding new altcoin markets all the time since they have basically lost fiat capabilities. Bitfinex got cut off from the USD and EUR banking systems earlier this year and also got hacked last year, so those are red flags in my eyes. I would keep as little on the exchange as possible (withdraw coins after trading). I still prefer Bittrex over Bitfinex because of its simplicity and access to coins that are not available in many other exchanges (e.g NEO). Please take note that if you are a US citizen you shouldn't use Bitfinex since they are closing doors for US costumers[1]. [1] https://www.bitfinex.com/posts/216/reviewTrue, although it doesn't seem like they are changing their verification procedures for non-US customers. Looks like US people can just sign up for a new account via VPN. |
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There are now more transactions done on the Ethereum network than on the bitcoin network. No company can ignore that, especially as Ether seems to be developing all sorts of applications and layers on top of it.
Ethereum has a massive user base, which is why it is a smart move from blockchain to add Ethereum, but I strongly believe that its popularity as it is right now, won't last endlessly. People are going nuts on Ethereum because of the massive amount of ICO's, where hundreds of thousands of coins get locked in. I am sure that if there was no ICO hype, Ethereum would still be an average altcoin. Developing Ethereum as a token distribution platform for ICOs was brilliant. It never dawned on me a year or two ago how this would dry up the liquid supply of ETH and therefore cause massive growth like we saw earlier this year. I agree that this ICO hype is not sustainable in the long term, but I wouldn't be surprised if there is still another leg up to new all-time highs this year. The ETH market still feels like it's in a long term bullish consolidation; it didn't give us that signature bubble pop that we've come to recognize from the BTC market. |
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Well, that was unexpected, since Blockchain supported only the traditional Bitcoin and not popular altcoins (e.g. Litecoin) even Bitcoin Cash were not supported after fork.
You are right its a little bit surprising for Blockchain to addup Ether coin into their service knowing that Bitcoin would be the pure coin that they do support and now they do make such changes which is really a shocking thing for me considering that there are already lots of Ether wallets out there but well its better to have many options on choosing a wallet which do support ETH. Having many options is always better. It's really not surprising. This is the direction we have been heading for a while. Bitfinex, Bitstamp and Coinbase (i.e. the major exchanges) all added Ethereum despite being very Bitcoin-oriented at the time, and despite the risks of diluting their respective market shares. They realized that the ETH market was simply too big to ignore. The same goes for Blockchain.info. A few years ago, it made sense for a company in their position to focus solely on Bitcoin. With the altcoin and digital token markets continuing to flourish, they can make a relatively minimal investment (vs. their company size and operating funds) to get a big piece of market share during this early adoption phase. |
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I didn't login from Iran, this is bullshit by Coinbase, a lot of people are complaining about it, coinbase is blocking their accounts without any reason. I have almost $1000+ in account and worried about it.
Maybe someone tried to hack into your account from Iran, or from a VPN server based there. Unfortunately, it sounds like you are going to need to fork over your ID and let them verify you before they will proceed. It sucks, but Coinbase is super worried about legal compliance, and this involves a sanctioned country. It sounds like if you verify your ID, they will unlock your account. Since you're not a US resident and the amount of money is fairly small by money transmitter standards, I wouldn't worry too much at this point. I do hate giving my documents to exchanges, but Coinbase is one of the few that I've been willing to. Given their emphasis on compliance, they should be putting a lot of resources into storing your documents and personal information securely. But how can I send them documents? There's no link in support neither their email is working, it looks like they are thieves working underground without any proper support, no email, no support team, no contact information. You can't send your documents via email. It's a real hassle: they make you upload your ID/passport via webcam while logged into the website, or with your smartphone's camera. My webcam wasn't good enough, so I had to use the mobile app. Find the official app, download it, and look for the ID section under "Settings." It was an automatic process. After taking a picture of my driver's license and a picture of myself holding it, my account was instantly verified. Per their site: Most ID verifications must be completed either through the Coinbase website or the mobile app. We are not able to accept emailed copies of ID for verification purposes. Try using your mobile device. In some instances you can use the mobile app to complete the ID verification step using your phone's camera. The 'Identity Verification' section can be found under 'Settings' in the app. For customers outside of the US, we are unable to accept scanned or otherwise saved image files. If you do not have a webcam on your computer, in most instances the mobile app or Mobile Camera option can be used to complete this step. https://support.coinbase.com/customer/en/portal/articles/1220621-identity-verificationIn your case, I'm guessing they may want to see some proof of residence (residential lease, utility bill, etc.) to prove that you don't live in Iran. |
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I didn't login from Iran, this is bullshit by Coinbase, a lot of people are complaining about it, coinbase is blocking their accounts without any reason. I have almost $1000+ in account and worried about it.
Maybe someone tried to hack into your account from Iran, or from a VPN server based there. Unfortunately, it sounds like you are going to need to fork over your ID and let them verify you before they will proceed. It sucks, but Coinbase is super worried about legal compliance, and this involves a sanctioned country. It sounds like if you verify your ID, they will unlock your account. Since you're not a US resident and the amount of money is fairly small by money transmitter standards, I wouldn't worry too much at this point. I do hate giving my documents to exchanges, but Coinbase is one of the few that I've been willing to. Given their emphasis on compliance, they should be putting a lot of resources into storing your documents and personal information securely. |
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but why they didnt support bcc ? at least allow us to claim our free bcc instead some of tutorials here that harm us and not work !!
I'm guessing they didn't support it for the same reason that Coinbase didn't. The fork was rushed and they didn't have time to roll out a well-tested update in time for the fork. More than that, they have never supported altcoins, so it wasn't expected that they would necessarily support Bitcoin Cash. Just extract your private keys; it's easy enough. I'm pretty sure BTC.com has a wallet for Bitcoin Cash. I imagine that the ETH update has been in the works for several months now. |
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I think trading is one of the best methods to make money from bitcoin and altcoins. But it is not so easy, you need some knowledge about it, otherwise it is so risky. You can participate also in the Bounty campaigns and earn some tokens for free.
Most people will lose money trading. I lost quite a lot at first (both coins and dollars). Over time, I became a more consistently profitable trader, but it took a lot of patience and hard work. You need to be really patient holding altcoin bags. They are really illiquid and you can lose a lot of value instantly. It's important to learn how to patiently hold through such market action. It's not only in crypto. In the stock market most traders lose money too, at least that's what the statistics say. I think the best way to profit is holding. But it might be a good solution to use part of your portfolio to trade, if you really want to trade, and the other one investing and holding. Yeah, the 80/20 rule generally applies to all forms of trading (and more broadly, to most statistical distributions). As with cryptocurrencies, the best way to profit from the stock market is holding as well (considering the ongoing long term bull market and stiff capital gains taxes). Some people definitely have what it takes, though. As was mentioned, the most important aspect of trading is risk management. And managing risk properly means controlling your emotions and handling losses in stride. That's where most people fail IMO. |
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