[ANN] KRAKEN.COM - Exchange with USD EUR GBP JPY CAD BTC LTC XRP NMC XDG STR ETH

[btcx]

Ah, appears from looking at the sign up form that you are correct, I just didn't remember selecting a state.  

So, let's say that somehow I selected the wrong state.  Is there a way I can change the state associated with my profile?

You do have the opportunity to make a correction at the time you submit your Tier 1 info.

i dont think that "Republica Moldovenească Nistreană" have any laws regarding this

You're probably right.  Unfortunately, it's going to be a long and ongoing process trying to localize the service.  For now, we're sort of stuck catering to the requirements of the biggest markets.

Will you consider adding a BTC/PPC trading pair?  Also in Safari for me the site doesn't work at all.

We'll consider it but the requirement is basically dev cost + opportunity cost < anticipated PPC trading fees.  If the market is big enough, we'll add it.  Which OS/version for Safari?  Thanks for the report!

[Herp]

This is pretty cool.

Will you allow USD deposits or deposits in other currencies just as Bitstamp does even if you can only trade in Euros?

[apetersson]

i think there are compelling reasons to have a strong EUR market. bitstamp seems to be stuck on dollars, because of liquidity concerns. but this creates unwanted fees for converting between dollar/euro with their bank.

this is a gap that kraken could fill.

[Herp]

i think there are compelling reasons to have a strong EUR market. bitstamp seems to be stuck on dollars, because of liquidity concerns. but this creates unwanted fees for converting between dollar/euro with their bank.

this is a gap that kraken could fill.

I now see their websites says:

We offer the following deposit options:

    Bitcoin Deposit
    Litcoin Deposit
    SEPA Deposit (EUR only)
    Bank Wire Transfer (EUR only)
    Other deposit options (including USD deposits) coming soon.

So I guess USD deposits  are coming but no ETA on that. No mention of other currencies.

[btcx]

i think there are compelling reasons to have a strong EUR market. bitstamp seems to be stuck on dollars, because of liquidity concerns. but this creates unwanted fees for converting between dollar/euro with their bank.

this is a gap that kraken could fill.

I now see their websites says:

We offer the following deposit options:

    Bitcoin Deposit
    Litcoin Deposit
    SEPA Deposit (EUR only)
    Bank Wire Transfer (EUR only)
    Other deposit options (including USD deposits) coming soon.

So I guess USD deposits  are coming but no ETA on that. No mention of other currencies.

Actually, you can wire us USD (and just about anything else) to our EUR account but it'll be converted to EUR and you'll be credited with EUR, and when you withdraw we'll send out EUR.  So, you may lose some on the exchange rate back and forth.  We'll eventually offer a number of other reserve currencies so you won't be forced to do the conversion and trade in EUR.

[Herp]

i think there are compelling reasons to have a strong EUR market. bitstamp seems to be stuck on dollars, because of liquidity concerns. but this creates unwanted fees for converting between dollar/euro with their bank.

this is a gap that kraken could fill.

I now see their websites says:

We offer the following deposit options:

    Bitcoin Deposit
    Litcoin Deposit
    SEPA Deposit (EUR only)
    Bank Wire Transfer (EUR only)
    Other deposit options (including USD deposits) coming soon.

So I guess USD deposits  are coming but no ETA on that. No mention of other currencies.

Actually, you can wire us USD (and just about anything else) to our EUR account but it'll be converted to EUR and you'll be credited with EUR, and when you withdraw we'll send out EUR.  So, you may lose some on the exchange rate back and forth.  We'll eventually offer a number of other reserve currencies so you won't be forced to do the conversion and trade in EUR.

Nice. Won't hurt to specify that though. No way for customers to know. Most EURO accounts can't covert USD or other currencies automatically upon transfer. Few banks offer such option.

[001sonkit]

Nice to hear finally kraken launches, despite it had been quite some time, you guys are still faster than CoinSetter anyway. BTW with all those regulations around, does it mean that I can't start playing with kraken until I am 18? Thats only 2 years to go

[StarenseN]

Congrats !

[matonis]

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.

[btcx]

Nice. Won't hurt to specify that though. No way for customers to know. Most EURO accounts can't covert USD or other currencies automatically upon transfer. Few banks offer such option.

For sure.  Good suggestion!

Nice to hear finally kraken launches, despite it had been quite some time, you guys are still faster than CoinSetter anyway. BTW with all those regulations around, does it mean that I can't start playing with kraken until I am 18? Thats only 2 years to go

Unfortunately, we'll have to wait until you're 18 to take your business.  You could try convincing your parents in to trading for you in the meantime.

Congrats !

Thanks!

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.

Thanks, Jon!  I'll bring up the XBT suggestion with the team.  I agree it's probably where things are headed anyway.

[Sterling]

Small bug for canadian address registration... need to input postal code in all caps for some reason. That's fine but no error message specifies what exactly is wrong with the postal code, and it took me a while to figure out what was going on!

Edit:

Level 3 verification error;

Identity document: Internal error
Proof of residence: Internal error

Documents are PNG, and ~1mb each.

[RationalSpeculator]

i think there are compelling reasons to have a strong EUR market. bitstamp seems to be stuck on dollars, because of liquidity concerns. but this creates unwanted fees for converting between dollar/euro with their bank.

this is a gap that kraken could fill.

Congrats Kraken! Love your name.

I am very surprised to see only EUR and not USD, what's the reason for this? (I understand you don't offer for legal reasons in US, but is not trading in USD also for legal reasons?)

On the other hand, I think it's a good idea to trade in EUR, indeed there is no successful EUR market. And bitstamp does cost money in constant USD/EUR conversion for all the Eurozone inhabitants. BTC24 proved that a EUR market can flourish.

[Jan]

Awesome!
Sent my first 1 BTC. At Tier 1 I can only trade BCT/LTC. Waiting for my account to be upgraded to Tier 3 

[Gerco]

I would like to open an account and I want to trade in USD/BTC and EUR/BTC. USD from a US bank account and EUR from an NL bank account. I'm just a little confused as to what to fill in in the registration form.

If I put US as country, will I still be able to use a EUR bank account for deposits/withdrawals?
If I put NL as country, will I still be able to use a US bank account for deposits/withdrawals?

Thanks!

[Rampion]

Finally!

Best of lucks, we need some serious competition.

[willphase]

I would like to open an account and I want to trade in USD/BTC and EUR/BTC. USD from a US bank account and EUR from an NL bank account. I'm just a little confused as to what to fill in in the registration form.

If I put US as country, will I still be able to use a EUR bank account for deposits/withdrawals?
If I put NL as country, will I still be able to use a US bank account for deposits/withdrawals?

Thanks!

I'm pretty sure you put your country of residency.

Will

[18RATTT]

congrats KRAKEN !!!

im so happy you have BTC/LTC, take notice GOX! take notice COINBASE!!

[Seth Otterstad]

Why do I see the trading volume is zero?
What are your bank conversion rates for £ and USD?

[Rampion]

Why do I see the trading volume is zero?
What are your bank conversion rates for £ and USD?

Because there's still no BTC/FIAT trades?

[Jan]

It just launched. Sign on and get verified to trade.