Why people don't switch to Kraken?

[ledmaniak]

Send them an email explaining the reason why you want it enabled? Your reason stated above seems valid and maybe they already implemented it..

[Hen0xyd]

With all the problems most of the few major exchanges are experiences why kraken isn't getting much traction?
From what I've read they are legit and well funded UK based exchange, so should be all good.
Or I'm missing something here?

Testing them since some weeks and I'm enjoying interfaces, clear services/explanations/FAQ about services and fees, quick deposit/withdraws.

They just need to be promoted but I guess their only "problem" is they are far more attractive for EU residants (using SEPA/euros) than US $ guys.

[dave111223]

Send them an email explaining the reason why you want it enabled? Your reason stated above seems valid and maybe they already implemented it..

K, Done...i'll post back on what their customer support is like.

Obviously there is also the problem with the order book being extremely slim.  20BTC will take the price from $670 to $820...that's pretty crazy.  But obviously as they get more customers that will improve.

[Rannasha]

Send them an email explaining the reason why you want it enabled? Your reason stated above seems valid and maybe they already implemented it..

K, Done...i'll post back on what their customer support is like.

Slowish, but effective is my experience.

Obviously there is also the problem with the order book being extremely slim.  20BTC will take the price from $670 to $820...that's pretty crazy.  But obviously as they get more customers that will improve.

USD markets are like that on Kraken. Kraken is currently mostly used by Europeans.

[anddam]

XBT = iso notation.

Doesn't seem to be in the standard.

From Wikipedia:

The following non-ISO codes are, however, sometimes used commercially. Usage of these non-ISO-codes is not portable
XBT   –   8   Bitcoin   World-wide

Also xe.com doesn't list it in ISO 4217:2008.


It's just mimicking ISO, from what I can tell it's just a way to appear fancier in the financial world but BTC has been well established since long.
Also BTC sounds better.

[js1985]

Despite me asking Kraken do not provide a clear list of countries they are allowed to legally operate in

[ledmaniak]

XBT = iso notation.

Doesn't seem to be in the standard.

It is a currency that is not associated with a country(like XAG/XAU) and therefore uses an X as prefix.

It can be found on XE under the same name:
http://www.xe.com/currency/xbt-bitcoin

Not in the standard but following the standard, which is good.

[Sukrim]

Also xe.com doesn't list it in ISO 4217:2008.

ORLY, the 2008 version doesn't list something that was released in 2009?! Wow!

Anyways, XBT is the only currency symbol that even remotely could potentially be accepted by ISO (or rather the bank that overlooks this list).

[not.you]

I tried to sign up today, I thought I would check them out as another place to do a little day trading.  I tried to verify to their "tier 1" which is basically only crypto deposits/withdrawals and they sent me an email saying I have to verify to "tier 3" including sending a whole bunch of documentation.  Fuck them.

[dave111223]

Also what's this "Pre-verified"...i completed the first two tiers of verification and shows as "Pre-verified", but I still can deposit or withdrawal....

[romerun]

their market is no deep, they might need to make arb bot to other exchanges to create volume or use their fund to make up orderbook, or even make fake one, or even make fake volume, pretty sure many big exchanges did these at some points

[CryptoPanda]

Also xe.com doesn't list it in ISO 4217:2008.

ORLY, the 2008 version doesn't list something that was released in 2009?! Wow!

Anyways, XBT is the only currency symbol that even remotely could potentially be accepted by ISO (or rather the bank that overlooks this list).

 
You totally got him

[Rannasha]

Also what's this "Pre-verified"...i completed the first two tiers of verification and shows as "Pre-verified", but I still can deposit or withdrawal....

Pre-verified means that your account is verified, but that the particular verification-tier isn't available for your country/state yet. You'll be upgraded to normal verified status when that changes.

[Boussac]

Because they switched to the new Bitcoin-Central:

- 100% cold storage (lessons learned from operating an exchange since 2010)

- partner with a licensed payment Insitution (no asset-free risk: euros are deposited to a payment account belonging to you, not to the exchange)

- account verification completed in two days (if documents are OK, from a week or so when the initial queue had to be dealt with by our new banking partner)

- bank wires sent from France the next day.

You are welcome to contact me at support at bitcoin-central.net if questions.

Pierre

[js1985]

Also what's this "Pre-verified"...i completed the first two tiers of verification and shows as "Pre-verified", but I still can deposit or withdrawal....

Pre-verified means that your account is verified, but that the particular verification-tier isn't available for your country/state yet. You'll be upgraded to normal verified status when that changes.

And once again no list is provided of what countries are covered

What is the point of verification if it achieves nothing, in fact all you are doing is uploading enough private documents for them to commit identity fraud, and what do you get in return? nothing

How hard is it for Kraken to provide a list of support countries?

[CryptoPanda]

Because they switched to the new Bitcoin-Central:

- 100% cold storage (lessons learned from operating an exchange since 2010)

- partner with a licensed payment Insitution (no asset-free risk: euros are deposited to a payment account belonging to you, not to the exchange)

- account verification completed in two days (if documents are OK, from a week or so when the initial queue had to be dealt with by our new banking partner)

- bank wires sent from France the next day.

You are welcome to contact me at support at bitcoin-central.net if questions.

Pierre

good, we need more exchanges
when was this one started? daily volume?

[Fixx]

Cash withdrawal came! Problem can be considered solved!




Withdrawal ACD4BSP-EEOLZW-U6ZJAJ
Type       Wire Transfer
Date       04-30-14 23:17:49 +0400

[RockHound]

UK-Based?

Think they are a USA registered MSB, Based in San Fransisco and a German Banking partner?

http://www.youtube.com/watch?v=gCQXSqmugtE

[BlackFurry]

Does they need IDs and other Documents?