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Its a shame seeing another great exchange like kraken.com
getting closed down.
I really thought it would be a relly nice platform.
But 0,02 BTC total volume in 24 h...
The only negative : - Its based in the USA...
We're not closing down but if you want to help, put some orders up! |
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Hello Testing, 1, 2, 3...  I made a Sepa transfer from my german Bank account to Fidoor last 26th september, and it still has not credited on my kraken account. In the FAQ it says that <1 day to process those deposits... And the support is closed till monday... let's wait...  Bad feelings Hello! If it's been that long, something is certainly wrong but I can't help you without at least your public account ID. Could you please PM me with that? |
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Kraken, based out of California, does not do any USD trading, and instead operates an XBT/EUR market.
You spoke a few hours too soon. Kraken just added USD trading this morning!  US regulators please take note. Money, like electricity and water, follows the path of least resistance.
Agree completely. The states are driving businesses, convenience, choice away from the US, in the name of consumer protection, of course. We'll see how long the federal government will tolerate a loosening grasp on the industry as it moves abroad. that's awesome. link? for the exchange. announcement here: https://bitcointalk.org/index.php?topic=290799.0the fact that Kraken has added USD trading is a huge sign.
they have been so compulsive about complying with regulations that this means they got some positive signals/approval back from regulators to encourage them to do this.
Well, the situation in the US is still a mess.. there are very few states we can actually offer national currency trading in. Right now, the ability to trade USD will benefit people outside the US more than inside. |
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Kraken, based out of California, does not do any USD trading, and instead operates an XBT/EUR market.
You spoke a few hours too soon. Kraken just added USD trading this morning! US regulators please take note. Money, like electricity and water, follows the path of least resistance.
Agree completely. The states are driving businesses, convenience, choice away from the US, in the name of consumer protection, of course. We'll see how long the federal government will tolerate a loosening grasp on the industry as it moves abroad. |
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USD Pairs are now available for trading: XBT/USD, LTC/USD.
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Why did kraken.com close down already?
I thought it would be pretty decent except all the validation requirments...
who says it's closed? validation requirements are a legal requirement, unfortunately. I support your effort to have the law changed. |
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...but till then most people aren't really looking for a reason to move exchanges
and some people couldn't move if they wanted to: Mt.Gox Withdraw Freeze - Day 40 |
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I was just looking for exchanges to buy. Now I figured https://www.kraken.com/ , but this exchange has 24h volume of just 2.5BTC. Is this website a scam?? Sincerely, Supreme Leader of Democratic People's Republic Korea Kim Jong Un Not a scam.. just new, not many users, not many orders on the books, not many trades. It's hard building a market from scratch.. it's sort of like building a social network from scratch.. who wants to come to a party nobody is at? We're in discussions with some market makers now who can help with the liquidity problem. We didn't expect to have much traction without a market, which is why we haven't put much in to marketing the service yet, but launching without the market has given us a good opportunity to make sure everything is working as it should in production before we take on a ton of users. Official announcement thread here: https://bitcointalk.org/index.php?topic=290799.0 |
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Very little volume, very few clients. Really no point in trading there yet. Total volume over the last 24h I believe was 2.5 coins.
Two problems right now: no USD trading yet and illiquid market. If you want to help out, put a few small orders up. We're never going to get to a huge volume if everyone waits around for a huge volume to appear before they begin trading. |
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Congratulations to Jesse and team! I participated in the beta and I have been following Kraken's progress over the months with great interest. It would be great if Kraken used the XBT designation for bitcoin.
BTC is now XBT. If you've been using the API, XBTC will continue to work for a while but please switch over to using XXBT as soon as possible to avoid any problems later. |
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One of the things that are missing on all Bitcoin exchanges, including MtGox is a market maker. No Bitcoin exchange has that and it's one of the factors that contributes direly to the volatility. A market maker would ensure there will always be someone there to buy or sell to you, even if users themselves are not. If you could partner with a business to provide such service or do it yourselves, you'd soon become the exchange of choice for everyone. Informative video on the topic: http://www.youtube.com/watch?v=IbSOHwCOnG0I agree. We're looking for a partner to help us out with market making. If you know anyone, send em my way! thank you for the switch
You're welcome! I have noticed that currently there is NO margin available. This applies for all available pairs (BTC/EUR, BTC/LTC and LTC/EUR). Anyone has information on this topic???
EDIT: Also send support the following ticket:
I can only select None in Advanced order. 1,2,5 and 10 are disabled. How is this possible? There are enough funds available. I did a test to buy 0.1 BTC when >90 eur available in account. How can I select 1,2,5 or 10 as leverage in advanced order?
As stated in the original post of this thread, margin trading is disabled for now but we plan to enable it around the end of the month. |
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i'm hopeful but just cannot see how these US based exchanges will survive regulation.
There's a great big world outside of the United States that we can serve without a problem. Within the US, some states are friendlier than others and it's just going to be a process of going to them one at a time to get the licenses we need where we need them. We need the same licenses that exchanges based outside of the US need in order to serve US customers. |
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Yep, some aspects of verification are taking longer than they should. If tier 2 (address) verification doesn't pass automatically, it needs to be verified manually, and this process is slow right now. I'm told we'll probably have a fix in place for this later today to speed this up. Also, as I've mentioned before in this thread, tier 3 verification is going to be slow initially. But are you sure your address didn't get verified? The system shouldn't let you enter ID and proof of residence without address verification. Actually, I also have " Your tier submission is being reviewed." for Tier 2 and I was allowed to upload docs for Tier 3 "1 - 2 of 2 uploaded documents" please PM me with your public account id, or submit a ticket with it and I'll check it out. |
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So we've had some experience now with the address verification process for users and wanted to provide a helpful tip. We use a variety of tools for address matching and verification, and formats can vary from country to country. We've noticed one thing that could help ensure that the address verification step goes more smoothly (and quicker) for you - check and see how your address is formatted in Roman characters in online search engines, such as Google, and use that as a guide for how you format your address for entry in our systems. It won't necessarily guarantee that the process goes smoothly, but in many cases it will help speed up the process.
just to clarify.. the address doesn't need to be entered in roman characters. Your national postal service may have a website that assists you in determining the proper format of your address. A good test would be whether the address provided would be acceptable for receipt of an internationally mailed letter. |
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Interesting! I did not know this word. Fortunately, we have not been overtaken by the NSA yet. Exchanges do have a lot of information that can help law enforcement map real identities to activity on the blockchain. You'd be wise not to attempt to launder money through a bitcoin exchange. |
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I have a concern with any exchange that also supports alt-coins, and shared that concern here: - http://bitcoinmoney.com/post/53207712103There are four specific scenarios I would like to know what Kraken's policy is should they occur: A.) My Kraken exchange account holds only fiat and bitcoins, and I've never traded for Litecoins. Would I be exposed to any risk of loss to those funds should there be a successful 51% attack against Litecoin? B.) I have a balance of Litecoins and fiat, but had no litecoins deposited to Kraken in any block that was ultimately orphaned as the result of the 51% attack. Would I be exposed to any risk of loss to those funds should there be a successful 51% attack against Litecoin? C.) I had bitcoins and I traded them for Litecoins. Following this trade the attacker released blocks that resulted in a double spend such that the Litecoins I received were from the attacker's account (i.e., Litecoins deposited with a transaction that no longer confirms or was double spent). Following the successful 51% attack against Litecoin, do I still have Litecoins that I can withdraw (or trade back into Bitcoins)? D.) I deposited litecoins from a block that utimately was orphaned as the result of a successful 51% attack against Litecoin. Before the attack I was able to trade those litecoins for bitcoins which remain in my account. After the successful 51% attack against Litecoin, do I stil have the ability to withdraw those bitcoins? Hey Stephen, Thanks for the questions. We accept national currency wire transfers as settled once they hit our bank account, bitcoin transfers as settled on 6 confirmations, and litecoin transfers as settled on 12 confirmations. No matter how astronomical the chance, the possibility exists that any of these funding methods could be reversed. This is a risk that Payward takes and that risk is not passed on to our users. A.) No. You would not be exposed to any risk. B.) No. You would not be exposed to any risk. C.) It'd be the same for national currency, bitcoin and litecoin. Once Payward accepts the transaction as settled, we'd assume the risk. There may be some totally insane scenario in which a rollback makes the most sense but my preference would be to have Payward take the damage and be responsible for recovering its losses from the attacker. One more reason to have account limits, delays, link analysis, fraud controls, KYC, etc. D.) So, 12 confirmations go by your ltc deposit settles, you use it to buy some btc, the longer chain appears and your deposit is rolled back to 0 confirms. Your account would reflect a litecoin debt to us and other assets would be held as collateral. You could withdraw those bitcoin if you had enough EUR on deposit to cover the missing LTC. If you didn't have any other assets but the bitcoin you'd just purchased, it's likely that all of the bitcoin would be held until the litecoin transaction reconfirmed. Payward keeps its operating funds, both national and digital currencies, separate from our customer funds. The bank account you deposit funds to is an account for the benefit of our users--we're holding it on behalf of another person. Those funds are not available to general creditors. Unfortunately, there's nobody we can trust with the digital currencies but it's the same thing there.. we keep customer funds and our own funds separate and accounted for separately. Contrary to what that article suggests, this exchange does have a lot of its own money on the line. The founders, having largely funded the development out of their own pockets, are in for over 7 figures--we've got a lot to lose. |
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You should consider creating an official IRC channel on freenode No way I've seen how much time is wasted on there! |
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A while ago I mentioned keeping the trial account functionality available, is that still being considered?
Yeah, we'll get the trial accounts back in action at some point but it's low on the list of priorities right now. |
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