What's going on with Kraken??

[btcinsight]

If you check the BTCEUR pair on Kraken, there is a strange "glitch" which occurred 45m ago:
https://cryptowatch.de/kraken/btceur/15m

A series of trades occurred €100 below spot price, but it is not an actual falling knife. There is no associated volume and I had orders placed above low price which were not filled.

Thoughts?

[Iranus]

Coinbase and Kraken have been having glitches, Bitfinex and OKCoin are screwed and even Bitstamp had a hack a while ago.  Exchanges in general are terrifying and the price is becoming questionable.

[york780]

Coinbase and Kraken have been having glitches, Bitfinex and OKCoin are screwed and even Bitstamp had a hack a while ago.  Exchanges in general are terrifying and the price is becoming questionable.

lets create more fud yeehaah

[Meuh6879]

Stupid API timestamp Glitch ...

[donjoe]

I don't know... are they TRYING to piss everyone off? After their latest "performance improvement" changes I find the platform even worse off than it was when I still thought it could realistically process advanced orders like trailing-stops: now if I enter an XBT-EUR price without decimals it complains that I can only specify up to 2 decimals, and if I put a decimal point at two 0s just to get around that dumb shit, it still doesn't take any buy orders, either market or limit (so the simplest ones possible). This must be the most retarded trading platform I've ever seen.

[alyssa85]

Kraken's trading engine cannot cope with heavy loads.

So whenever trading gets intense (like now with the falling bitcoin price), it starts to lag badly. Worse it's hard to put manual trades on, after 30 seconds of spinning it gives an error.

They've been trying to fix things - they've increased the minimum trade values so that low transactions arn't clogging up their engine, and they've removed the advance features, so their engine doesn't have to think about too many things before executing a trade, but it's obviously not enough.

[gentlemand]

Kraken's always been shit. Now it seems extra shit with a dollop of particularly pungent shit on top. They may never have been hacked, but they've certainly screwed enough people with their non functionality.

[alyssa85]

Kraken's always been shit. Now it seems extra shit with a dollop of particularly pungent shit on top. They may never have been hacked, but they've certainly screwed enough people with their non functionality.

The trouble is, they are the only exchange that allow SEPA withdrawals for a small fee (just 9 cents). Others like HITBTC charge 35 euros.

I keep hoping Kraken will solve their problems. I'm sure they're working on it, but have just been overwhelmed by the number of new users.

[gentlemand]

The trouble is, they are the only exchange that allow SEPA withdrawals for a small fee (just 9 cents). Others like HITBTC charge 35 euros.

I keep hoping Kraken will solve their problems. I'm sure they're working on it, but have just been overwhelmed by the number of new users.

What about Bitstamp? or Bitcoin.de?

Even when the markets were quiet there was no shortage of people moaning when Kraken buckled if there was a minor blip of excitement. It's quite clearly never been fit for purpose.

[alyssa85]

The trouble is, they are the only exchange that allow SEPA withdrawals for a small fee (just 9 cents). Others like HITBTC charge 35 euros.

I keep hoping Kraken will solve their problems. I'm sure they're working on it, but have just been overwhelmed by the number of new users.

What about Bitstamp? or Bitcoin.de?

Even when the markets were quiet there was no shortage of people moaning when Kraken buckled if there was a minor blip of excitement. It's quite clearly never been fit for purpose.

Bitstamp has a 90 cents fee. See

https://www.bitstamp.net/fee_schedule/

Kraken is literally the cheapest and most efficient for SEPA withdrawals. It's a shame the rest of their engine lags.

[gentlemand]

Bitstamp has a 90 cents fee. See

https://www.bitstamp.net/fee_schedule/

Kraken is literally the cheapest and most efficient for SEPA withdrawals. It's a shame the rest of their engine lags.

But Bitstamp works and always has. I think I could part with another 81c for the use of an exchange that didn't fail constantly. I dunno how deep their market is there though.

I find it really weird how Kraken continue to blow it. They're well positioned and have a decent enough track record. Maybe someone'll buy it out and make it work.

[alyssa85]

Bitstamp has a 90 cents fee. See

https://www.bitstamp.net/fee_schedule/

Kraken is literally the cheapest and most efficient for SEPA withdrawals. It's a shame the rest of their engine lags.

But Bitstamp works and always has. I think I could part with another 81c for the use of an exchange that didn't fail constantly. I dunno how deep their market is there though.

I find it really weird how Kraken continue to blow it. They're well positioned and have a decent enough track record. Maybe someone'll buy it out and make it work.

If you want to do alt trading and then cash out into fiat and withdraw using SEPA, Kraken is the only place you can do that. Bitstamp is resistent to alts (though they enabled Ethereum trading last year).

[energycom]

Bitstamp has a 90 cents fee. See

https://www.bitstamp.net/fee_schedule/

Kraken is literally the cheapest and most efficient for SEPA withdrawals. It's a shame the rest of their engine lags.

But Bitstamp works and always has. I think I could part with another 81c for the use of an exchange that didn't fail constantly. I dunno how deep their market is there though.

I find it really weird how Kraken continue to blow it. They're well positioned and have a decent enough track record. Maybe someone'll buy it out and make it work.

If you want to do alt trading and then cash out into fiat and withdraw using SEPA, Kraken is the only place you can do that. Bitstamp is resistent to alts (though they enabled Ethereum trading last year).

Oh I didn't know Kraken is SEPA consistent. I thought we can't withdraw fiat money to SEPA bank accounts from Kraken exchange. Its alt portfolio is very narrow, but I can still use it for btc and eth transactions.