Because you are using a rigged centralised exchange. This is what they do. All centralised exchanges are rigged this way - stop using them & start using decentralised exchanges which don't have an on/off switch & don't sell your ID to the highest bidder or pass it on to any government organisation.

Simple.

Its a normal routine for coinbase to go down in case of high volatility. I can see its only the manipulation to stop the people to buy or sell and control the market. Every now and then i get message from coinbase that it is down and then up. I don't keep extra funds on coinbase to be on safe side.

Just checked coinbase now and it is working fine. The outage and disruption was not because of Robin Hood but because of Elon Musk status changed to "Bitcoin BTC" which caused the big pump in the market and as usual coinbase unable to handle lot of traffic.

Yes, I cannot understand why this is continuing to happen and why Coinbase
[this is the exchange I use] have not come to terms with sudden swings in
demand either buying or selling. Lets face it, these events are normal for crypto.

The cynic in me thought that the last time this happened , Last week I think
as the price fell, Coinbase deliberately went offline. but it happens even when
the market moves up, they are not doing themselves any favours loosing out on revenue.

This is really annoying, Many traders have lost their money due to these useless maintenance excuses. Not only do they turn off the service during pumping, they also turn off the service when the price goes down.


Stop Limit is not a proper solution, it is another kind of trap. I've faced many unnecessary bounces when placed stop-limit conditional order. for this reason, I left Kraken and moved into Bitstamp and Binance.

it is somewhat understandable and no amount of server can predict this. they are basically being DDOS attacked while it is not really an attack it simply is demand. a demand called FOMO.

when the price rise started a couple of hours ago, hundreds of thousands of newbie weak hands who had panicked sold last week rushed to the exchanges with great fear trying to buy bitcoin while seeing the price keep going up and them losing opportunities.
this much sudden traffic crashes any servers and it will keep growing since more people find out about the rise and get filled with fear of missing out soon.

Happens quite a lot when the market has significant moves, both up & down. This is why it’s better to do LIMIT BUYS & SELLS. Your orders get filled automatically then which lessens the impact of down time on you. I’m speaking from experience.

Tesla won the beauty contest, people loved the company, their Earth friendly product and the CEO. I think the hype only lives on the outside, news spreading FUDs and hypes alike both in crypto market and stock market, they do not directly affect the prices but they can be a good trump card if you are on its good light. I don't believe that they are overvalued because if you sift through all the noises and see it at rational standpoint then you will understand what its value is. When it comes to being inflated, I think stock market is more on it because they have more people involved. Pumped might not be a bad thing, it comes and goes anyway, for stock market though it is a bad thing because an economy might collapse because of it.

Well, I think that both crypto and stock markets are overvalued. Let's look at the most hyped example - Tesla, which gained more than 900% in a year. No doubts that Tesla has potential, technology, etc., but the P/E ratio of 1,730.00 is crazy. It's the same with most of the coins.

I was wrong. I just looked into Kraken's support page: https://support.kraken.com/hc/en-us/articles/360000381846-Fiat-currency-deposit-options-fees-minimums-and-processing-times-

And apparently, the deposit you're trying to make (with a 21£ fee) is not supposed to take more than 24 hours. Are you sure that you didn't get the money? Maybe you're just subject to the first-time fiat deposit 72 hours hold?

i assume you're in the UK? coinbase and coinbase pro support faster payments (FPS). bank transfers are supposed to hit your account within 1 business day. https://help.coinbase.com/en/coinbase/trading-and-funding/buying-selling-or-converting-crypto/how-long-does-a-purchase-or-deposit-take-to-complete

The waiting time usually depends on the used payment method (bank in this case). I doubt that changing the exchange would be of any help.

Not sure what you're trying to accomplish exactly, but if you're looking to make some profit from the price volatility, then I would suggest using Stablecoins (USDT, USDC, etc.) instead of fiat.

What did you deposit on the exchange matters as it also shows or will tell how long it will take for the deposit to be successful, when depositing some tokens, you will be told how long it will take, that is, how many confirmations that is need before it will be successful and reflect on your dashboard, now if it takes longer than usual, it means something is wrong. If the deposit is successful from your end, then any issues being faced is from the exchange, hence you contact the support center of that exchange to understand what happened and how to solve it. On the other hand, if the deposit failed from your own end or is taking time, then you will to check what's wrong and maybe contact the team of the project for solution. However, when it comes to deposit of fiat, the exchange might take many things into account and in some cases, it might take time, depending on how fast they are in verifying what needs be.
Therefore, I don't know what you deposited, but if it's a token and successful from.your end, contact Kraken customer care and if it's fiat deposit and also successful from your end, contact your bank to be sure it is successful, then contact Kraken as well.
Different exchanges have their own mode of operation thus their services would be different and unique.

Where are you from? I could recommend some if your country is supported.

I agree.

My question is if OP's account is verified already, because if not, that might be the issue that is why KRAKEN making it delayed, especially if OP is depositing a large amount of money worth of cryptocurrency. The mostly reasons why exchangers are delaying a certain transaction is because they want to confirm that you are a legit customer, for security purposes, or it is just too traffic in the network.