Discussion of Kraken exchange; let's share important info here

[Xiaoxiao]

Kraken exchange seems like one of the more complete, legitimate, and comprehensive exchanges out there.  Support seems to be overwhelmed right now.  Post your problems and solutions here.

[Xiaoxiao]

It seems like the volume on this exchange is pretty low but increasing.  Also support already seems to be a bit overwhelmed with growth.  I wouldn't be surprised if Kraken becomes a market mover in the future.

[BitHodler]

It seems like the volume on this exchange is pretty low but increasing.  Also support already seems to be a bit overwhelmed with growth.  I wouldn't be surprised if Kraken becomes a market mover in the future.

I am using Kraken as one of my main exchanges and have to say that their USD volume is quite decent being over 7700BTC in the last 24 hours.

Their 24 hour EUR volume is by far the highest of all exchanges with their volume sitting at 24700BTC.

That's more than impressive considering the nr 2 ranked EUR exchange bit-x has only 2550BTC as 24 hour volume.

[mayax]

Kraken exchange seems like one of the more complete, legitimate, and comprehensive exchanges out there.  Support seems to be overwhelmed right now.  Post your problems and solutions here.

let's start with  - legitimate = conforming to the law  -

Kraken is out of law because it's not a licensed money transmitter business(MSB) in any state so they are operating illegally (in USA for sure)

What does mean? Well, we know what happened with other unlicensed exchangers in the past . Overnight, FBI closed their websites and they arrested the owners. Client's funds? Gone !

So, you decide if you assume this risk along with others that derives from BTC market.

[capoeira]

my info: support is the slowest I ever saw in crypto-world. I'm waiting 8 days now for a reply to my support ticket

[alyssa85]

Kraken exchange seems like one of the more complete, legitimate, and comprehensive exchanges out there.  Support seems to be overwhelmed right now.  Post your problems and solutions here.

let's start with  - legitimate = conforming to the law  -

Kraken is out of law because it's not a licensed money transmitter business(MSB) in any state so they are operating illegally (in USA for sure)

What does mean? Well, we know what happened with other unlicensed exchangers in the past . Overnight, FBI closed their websites and they arrested the owners. Client's funds? Gone !

So, you decide if you assume this risk along with others that derives from BTC market.

Most of Kraken's customers are in Europe, and they dominate the BTC/EUR trade. I don't think they have many American customers at all

[mayax]

Kraken exchange seems like one of the more complete, legitimate, and comprehensive exchanges out there.  Support seems to be overwhelmed right now.  Post your problems and solutions here.

let's start with  - legitimate = conforming to the law  -

Kraken is out of law because it's not a licensed money transmitter business(MSB) in any state so they are operating illegally (in USA for sure)

What does mean? Well, we know what happened with other unlicensed exchangers in the past . Overnight, FBI closed their websites and they arrested the owners. Client's funds? Gone !

So, you decide if you assume this risk along with others that derives from BTC market.

Most of Kraken's customers are in Europe, and they dominate the BTC/EUR trade. I don't think they have many American customers at all

They have and they ACCEPT.
By accepting US clients, you, as company must be registered as MSB in the States where you want to operate. More than that, Kraken is incorporated in USA so, it doesn't matter whether they have or not clients USA.

It's an act of craziness to work from and with US clients and not having a proper license for that. You can be closed anytime and the Feds can put you in jail without any issue. We have many cases with unlicensed exchangers who are behind bars because of that.