Well because I don't have a hardware wallet, plus if I wanna sell that B2X quickly enough, it has to be a place that allows it.

Some got their account suspended for really no reason?

Coinbase seems big enough to be trusted, well, more than Kraken IMHO (how to trust an exchange that has been broken for months..).
Also I don't know yet if I'm gonna hold my BTC's in the long term.

Hello,
I'm on Kraken & Bitstamp and it looks like these won't even bother telling if they will support B2X or not. While not really interested in B2X, I count on it to compensate for the dip it will be responsible for.

So, I regged at Coinbase, only with ID because their system sucks & I have no other proof of identity that they expect. Of course, that means no GDAX & thus no trading of the B2X but anyway.. at least I'll be able to transfer my BTC's from Kraken/Bitstamp to Coinbase.

..but I'm not sure, since they have limits on transfers until account is verified further. From what I read that applies to fiat only, not BTC, but it's kinda unclear.
Never transfered BTC's before, and it's quite scary to read that a problem in the transfer means a permanent loss. But I guess it's no problem?

I know that Kraken's daily withdraw limit in USD *does* apply to BTC, though. Since Coinbase says it will block transfers a day before the split, that matters.


Thanks

What's happening right now on Kraken is beyond crap. Massive dip, and.. you can't even BUY. So it looks like no one is buying, causing an even worse dip. I know it's a general BTC dip but an average-sized exchange like Kraken being down doesn't help.
I think I've placed an order 30x in a row so far, lol.

Meanwhile on GDAX, where the BTC is constantly +100 because no one is scared of a fall because their free B2X will compensate for it.. it's very active.

I have heard of that flash crash. Quite frankly, in the favor of Kraken, it's not a bug, just a side effect of poor implementation/lack of safety. And oh boy Kraken really lacks safety.

But it's really worse than that - when you place an order, the platform tells you that it didn't pass because the "engine wasn't available error 809 whatever", and yet half of the time they passed you behind you back - I consider that fraudulous.
You & I know that Kraken's engine is broken as hell, but they aren't telling ANYONE about this, there is no official statement, no warning, nothing. Get into Kraken for the first time, try to buy a BTC, and you will end up with at least 3, GARANTEED.
2 months ago I told them to AT LEAST just replace their error code numbers by "Hello, the engine wasn't responding, please refresh your order list in 10 seconds. If after 20 seconds your order still has not appeared, you may place another".
This is something that would take 1 minute to change. But we can all understand why they aren't doing it. And if it's, as they pretend, because "the team is too small", well that says a lot about the risks of leaving money there.

Hi, when will that be?
I mean, only 10 days left, and I really hope you will make things clear at least 5 days before.

(and, I seriously hope that your upcoming "new engine" will WORK...)


Reading the above, they are right that you're taking big risks considering not giving out BTG's (I personally don't care, I sold before) or B2X's. Imagine a lawsuit resulting in you not having to give out BTG's, but the *value* of BTG's at the time of release. You would lose big money here.
Btw I've contacted Kraken's support quite a lot already, your broken engine has often made me angry. Keep pretending that you're not liable for anything, but one day someone will lose big money on a large order, and you'll see if you really aren't liable for anything.
VERY OFTEN I have placed an order that resulted in an error, that eventually got acknowledged. You wanna buy 1 BTC? You end up buying 3, after 5 attempts spitting out cryptical error codes. And now you have 2 BTC's that you have to sell quickly, of course Kraken now being rewarded of 0.25% for his broken engine. It wouldn't be far stretched to think that you aren't fixing your engine for months because it's bringing you money.
But consider it's gonna happen to someone not for 1 BTC, but 100's. And then convince the judge that you are not liable.

Yes, as I wrote, I'm already on Bitstamp. It's fine & fast (I'm missing history of my trading in the chart, but GDAX doesn't look more advanced anyway), only problem is 0.5% fees to get in & out, that's rather high for anything that's not a long investment.
At the moment if I sell/buy back one BTC to earn 100eur.. 30eur goes to Bitstamp
I believe Bitstamp required a random bank or VISA bill, that was easy. And I think Kraken only required the ID.

I'll try GDAX again and hope that whichever underpaid foreigner checks my passport won't notice it expired in 2013 this time..
It's for the no-fees that I wanna get into GDAX, but it also appears that it's the only "easy" hope for an european to get into B2X (I'll probably sell before anyway. And it's not like Kraken or Bitstamp leave a choice here).

Any european user willing to share feedback on other platforms than Kraken (too broken), Bitstamp (few currencies, high fees) and GDAX (can't join)?
I'm looking for something EUR-friendly and accepting SEPA transfers, preferably.

Are there european users using foreign platforms & feeding them using BTC's bought on other platforms?
As far as I understand neither Poloniex nor Bittrex are nice for europeans, correct?

Let me just "share my experience with GDAX".

I'm european, I'm on Kraken (which I would keep using if it wasn't terribroken) and Bitstamp (ok but fees are too high). Had no problem registering those.

GDAX not only requires trusting your PHONE (I don't) to send captures of your stuff (because they don't support uploading), they also require you to have an ID card (obviously) AND either a passport or a driving license.
Can't drive a car? You can't join.

Spent an hour trying their broken website on my phone, reading FAQs, installing the Coinbase app, trying several times to reg my passport (kept being rejected, I guess because it has expired)... What a piece of crap!


Is there any other trading platform that's EUR friendly, has minimal fees, enough currencies and works well?
Kraken kept promising it'd work.. but that was months ago. And how to trust people who can't upgrade their servers within months..

So that's it, the fall happened & has already stabilized. Funny that it dropped more or less the same value of the BTG, so there's no winner.
I was expecting at least a little panic fall.

Define "a little". Will "a little" be more or less the value of a BTG?

And really, it's funny how everyone here agrees that the BTC will fall. Whether it's a little or not, you can make money out of a fall. And that's why I think it won't just fall a little. It will fall
-a little before the BTG because of those (like me) who prefer to keep things safe & cash on the artificial rise
-then right after the BTG because of those who had bought BTC's just for the free money (those won't buy BTC back), and everyone who predicted the dip & sell to buy back later
-then from the panic effect

Of course it will rise back, in a few weeks or months, I don't doubt that. Just consider what will make you win the most: betting on the dip or on the BTG. But you can't have both, only a few quick/lucky people will.
Of course you also have to combine with altcoins that will be fed back from the BTC after the fork, but I don't know if it's the same ones that will rise back. Perhaps one (eth?) will more than others.

(edit: is the dip starting right now as I'm writing? Looks like it)

Here's my view on this:

I can only imagine the BTC going down immediately, by how much I of course don't know, but we pretty much all expect it.
It's not so much panic (alone, but that will certainly add to it) that will make it go down, but simply a strategy. It will initially dip because some have already predicted it will, and thus will sell asap.

People seem to be heavily betting on this, and it can be done in 2 ways:

1. get four free BTG, sell it, free money. But of course it's naive. If the BTG's value is less than how much the BTC will go down, you lost (whether you just bought your BTC just for that or not).

2. sell your BTC now while the price is artificially up (and it is, since all other coins went down, so that's the only reason BTC went up), which is what I did. Then once the BTC has dipped, buy it again (predicting the bottom of the dip being another story of course).


Which one is gonna be the best bet? Who really knows.. Both ways look as valid to me. What's sure is that any money you don't make from a BTC dip, it's money you lose just like money you lose by not getting "free" BTG.
In any case, "I'll just sell my free BTG at a high price (yeah..) and sell my BTC right before the dip" or "I'll sell my free BTG and expect my BTC to keep going up", I think that's rather naive. Yeah perhaps a few happy ones will get their BTG early & will be able to react quickly enough.

Perhaps the BTC won't dip and the BTG will have no value. Perhaps it will dip and the BTG's value will cover that, or won't. Perhaps BTC won't dip and BTG will have a high value - I doubt it but that's the bet.

Oh and yeah, it's lucky/unlucky that this is happening right at the cross of a $6000 round number (and that it also coincides with a 5000eur-ish key mark). That's what makes the origin of the fluctuation uncertain. BUT also consider that the volume is still mostly JPY, so it's not THAT relevant to cross round numbers in USD.
(& yeah I don't wanna sound pessimistic, because BTC looks solid, but do keep in mind that the value of your BTC is heaving relying on that one country: Japan. If Japan alone decided, your bitcoin's value would drop to zero)