[ANN] KRAKEN.COM - Exchange with USD EUR GBP JPY CAD BTC LTC XRP NMC XDG STR ETH - page 202.

KrakenTrader

member

Activity: 102

Merit: 10

Quote from: Dargo on July 31, 2015, 03:46:58 PM

Quote from: KrakenTrader on July 31, 2015, 08:17:11 AM

just got off the chat with kraken support and learned

the new maker/taker fee model will be switched on at 12am UTC on 1st of Aug. , that's in less than 12 hours.

I noticed a quite positive sentiment regarding Kraken lately, and the smarter fee structure should definitely help to boost volume.

Here is the direct link:
https://www.kraken.com/help/makertakerfees
http://coinmarketcap.com/exchanges/kraken/

(edit: links added)

It sounds like there was a miscommunication here, because I don't think anyone on our support team intended to confirm 12am UTC Aug 1 as the exact time the new fees will start. I'm checking to see if we can give a precise time, but don't assume it will be 12am UTC.

Dargo:
FYI, It was Robert I had that chat with, I didn't ask for the exact time of when the new fees are getting active. He mentioned it by himself, and said he would even send a note over to a dev to see if they can put a hint up on kraken site that visitors/traders get reminded of new fees being active once they are.

I guess you want to change the link under HELP/FEES which currently points to the old fees.

Dargo

legendary

Activity: 1820

Merit: 1000

Quote from: KrakenTrader on July 31, 2015, 08:17:11 AM

just got off the chat with kraken support and learned

the new maker/taker fee model will be switched on at 12am UTC on 1st of Aug. , that's in less than 12 hours.

I noticed a quite positive sentiment regarding Kraken lately, and the smarter fee structure should definitely help to boost volume.

Here is the direct link:
https://www.kraken.com/help/makertakerfees
http://coinmarketcap.com/exchanges/kraken/

(edit: links added)

It sounds like there was a miscommunication here, because I don't think anyone on our support team intended to confirm 12am UTC Aug 1 as the exact time the new fees will start. I'm checking to see if we can give a precise time, but don't assume it will be 12am UTC.

KrakenTrader

member

Activity: 102

Merit: 10

just got off the chat with kraken support and learned

the new maker/taker fee model will be switched on at 12am UTC on 1st of Aug. , that's in less than 12 hours.

I noticed a quite positive sentiment regarding Kraken lately, and the smarter fee structure should definitely help to boost volume.

Here is the direct link:
https://www.kraken.com/help/makertakerfees
http://coinmarketcap.com/exchanges/kraken/

(edit: links added)

coinpr0n

hero member

Activity: 910

Merit: 1000

Quote from: GaliX on July 30, 2015, 07:24:54 AM

Kraken now offers trading Etherum for fiat and btc! Nice!

Very first exchange offering Ethereum so far so far I think...

just look for:

XBT/ETH
ETH/EUR
ETH/USD
...

sadly there is no referral program promote Kraken for adding so fast Etherum

Huh, well that's pretty interesting. Kraken surprises me yet again. Looked at the order book but it is still empty. Was there an official announcement about this?

GaliX

hero member

Activity: 504

Merit: 500

1NtkLdA98eGnsn8nEKpBGRd2VYGNBkGzd6

Kraken now offers trading Etherum for fiat and btc! Nice!

Very first exchange offering Ethereum so far so far I think...

just look for:

XBT/ETH
ETH/EUR
ETH/USD
...

sadly there is no referral program promote Kraken for adding so fast Etherum

tagliola

newbie

Activity: 9

Merit: 0

Were there issues with CloudFlare in Europe? For the last week I've seen a slower then normal response time (avg over 500ms) on API calls, it usually hovers around 220ms from my location. This started the 23rd and suddenly this morning it was over, after several HTTP/1.1 502 Bad Gateway: Kraken - Website Unavailable errors. Any ideas?

peligro

hero member

Activity: 593

Merit: 500

1NoBanksLuJPXf8Sc831fPqjrRpkQPKkEA

Quote from: coinpr0n on July 19, 2015, 02:27:01 PM

Quote from: peligro on July 19, 2015, 01:54:07 PM

Quote from: coinpr0n on July 18, 2015, 05:08:58 AM

https://www.reddit.com/r/BitcoinMarkets/comments/3dnpmn/ann_kraken_reduces_fees_and_moves_to_makertaker/

Looks like a great idea. All of this is a little over my head but it I'm sure the market-makers will be happy. Keep it up, Kraken!

A maker taker market means that there are different fees for orders that get filled. For example someone comes in and wants to buy or sell something instantly. He then orders and pays the shares that are offered or sell to the buyers that want to buy shares. Because he instantly gets what he wants he has to pay a higher "taker" fee. The one who buys from him would only pay a lower "maker" fee, because he made the offer in the orderbook that the "taker" took.

Exchanges want to have many offers in their orderbook to have a better price discovery. Thats why maker and taker are paid differently.

Aha! Thank you. I'm starting to get it - so basically, limit orders will have a lower fee as they are providing liquidity for the exchange? Does it go either way (ie. for buy limits as well as sell limits)?

No, not limit orders in general. Only when the price for the limit is so that it does not get executed instantly. Otherwise you could beat the fee system. Only when it stays untraded for at least a millisecond you will pay the lower fee. If you buy or sell into the orderwalls with your order then you have to pay the taker fee.

coinpr0n

hero member

Activity: 910

Merit: 1000

Quote from: juiceayres on July 25, 2015, 05:15:02 PM

Recently I moved to Europe, then I decided to use Kraken.

I did a transfer using SEPA from BNP Paribas. The transfer was completed after two days, no problem.

After a week, my account manager called me about a suspicious operation in my bank account. In fact the Kraken bank account is listed as fraudulent IBAN. (This caused me a hassle)

In overall I am satisfied with Kraken services, I just alert about this IBAN issue which may scary newcomers.

I think it is a hit or miss largely depending on the bank. The first bank I tried using to send SEPA to Kraken took over two weeks - my bank was not helpful at all. Then a friend recommended that I try with another bank (a specific bank, more modern, internet-based) and I never had an issue. SEPA transfers now get deposited on the very same day.

Not to undermine your statement, it could very well be true that Kraken's bank account is flagged as fraudulent, but I'm more inclined to think it's an issue with your specific bank. If you're in Spain I can recommend a bank that I know works with Kraken transfers.

juiceayres

newbie

Activity: 6

Merit: 0

Recently I moved to Europe, then I decided to use Kraken.

I did a transfer using SEPA from BNP Paribas. The transfer was completed after two days, no problem.

After a week, my account manager called me about a suspicious operation in my bank account. In fact the Kraken bank account is listed as fraudulent IBAN. (This caused me a hassle)

In overall I am satisfied with Kraken services, I just alert about this IBAN issue which may scary newcomers.

Dargo

legendary

Activity: 1820

Merit: 1000

Quote from: coinpr0n on July 19, 2015, 02:27:01 PM

Quote from: peligro on July 19, 2015, 01:54:07 PM

Quote from: coinpr0n on July 18, 2015, 05:08:58 AM

https://www.reddit.com/r/BitcoinMarkets/comments/3dnpmn/ann_kraken_reduces_fees_and_moves_to_makertaker/

Looks like a great idea. All of this is a little over my head but it I'm sure the market-makers will be happy. Keep it up, Kraken!

A maker taker market means that there are different fees for orders that get filled. For example someone comes in and wants to buy or sell something instantly. He then orders and pays the shares that are offered or sell to the buyers that want to buy shares. Because he instantly gets what he wants he has to pay a higher "taker" fee. The one who buys from him would only pay a lower "maker" fee, because he made the offer in the orderbook that the "taker" took.

Exchanges want to have many offers in their orderbook to have a better price discovery. Thats why maker and taker are paid differently.

Aha! Thank you. I'm starting to get it - so basically, limit orders will have a lower fee as they are providing liquidity for the exchange? Does it go either way (ie. for buy limits as well as sell limits)?

Market orders are always taker. Limit orders can be taker if they are buys at or above market price (lowest ask) or sells at or below market price (highest bid). If a limit order gets immediately executed against an order already on the book, then it will be taker. If it's a limit buy below the current lowest ask, or a limit sell above the current highest bid, then it won't get immediately executed. Instead, it will stick around on the book, at least for a little while, and get executed against a new order. In that case it will be maker. A limit order can even be part taker and part maker if part of it gets executed immediately against an older order and the other part stays around on the book for a while and gets executed against a new order.

coinpr0n

hero member

Activity: 910

Merit: 1000

Quote from: peligro on July 19, 2015, 01:54:07 PM

Quote from: coinpr0n on July 18, 2015, 05:08:58 AM

https://www.reddit.com/r/BitcoinMarkets/comments/3dnpmn/ann_kraken_reduces_fees_and_moves_to_makertaker/

Looks like a great idea. All of this is a little over my head but it I'm sure the market-makers will be happy. Keep it up, Kraken!

A maker taker market means that there are different fees for orders that get filled. For example someone comes in and wants to buy or sell something instantly. He then orders and pays the shares that are offered or sell to the buyers that want to buy shares. Because he instantly gets what he wants he has to pay a higher "taker" fee. The one who buys from him would only pay a lower "maker" fee, because he made the offer in the orderbook that the "taker" took.

Exchanges want to have many offers in their orderbook to have a better price discovery. Thats why maker and taker are paid differently.

Aha! Thank you. I'm starting to get it - so basically, limit orders will have a lower fee as they are providing liquidity for the exchange? Does it go either way (ie. for buy limits as well as sell limits)?

peligro

hero member

Activity: 593

Merit: 500

1NoBanksLuJPXf8Sc831fPqjrRpkQPKkEA

Quote from: coinpr0n on July 18, 2015, 05:08:58 AM

https://www.reddit.com/r/BitcoinMarkets/comments/3dnpmn/ann_kraken_reduces_fees_and_moves_to_makertaker/

Looks like a great idea. All of this is a little over my head but it I'm sure the market-makers will be happy. Keep it up, Kraken!

A maker taker market means that there are different fees for orders that get filled. For example someone comes in and wants to buy or sell something instantly. He then orders and pays the shares that are offered or sell to the buyers that want to buy shares. Because he instantly gets what he wants he has to pay a higher "taker" fee. The one who buys from him would only pay a lower "maker" fee, because he made the offer in the orderbook that the "taker" took.

Exchanges want to have many offers in their orderbook to have a better price discovery. Thats why maker and taker are paid differently.

coinpr0n

hero member

Activity: 910

Merit: 1000

https://www.reddit.com/r/BitcoinMarkets/comments/3dnpmn/ann_kraken_reduces_fees_and_moves_to_makertaker/

Looks like a great idea. All of this is a little over my head but it I'm sure the market-makers will be happy. Keep it up, Kraken!

macsga

legendary

Activity: 1484

Merit: 1002

Strange, yet attractive.

Quote from: Dargo on July 16, 2015, 08:30:43 PM

macsga - I'm afraid I don't really have any information about the things you ask. Capital controls are part of the legacy banking system and I'm not aware of any legitimate ways to circumvent them. Services like localbitcoins may indeed be your best option right now. I believe you would be taxed according to the tax policies in Greece, but as you say there are no BTC-specific policies in place yet. I've been into bitcoin for so long now it doesn't feel like early days, but it still is. Still waiting for the rest of the world to catch-up. Wink

Working at a company that promotes BTC now is like having a huge amount of land in Saudi Arabia before the Oil pumps were installed. What the people need is more flexible ways to use BTC than anything else. Ideas like a BTC-loaded visa for instance would've been a great alternative for occasions like the one we're experiencing in Greece right now.

FWIW, I think that what happened in Greece won't stop here. Mark my words, this is only the beginning; and the people who are smart enough to comply with it and provide alternatives will -most possibly- become the pioneers of the future economic system. As a theoretical physicist, I only can talk theoretically, but believe me, if you at Kraken invest into something like that, you will not regret it.

Dargo

legendary

Activity: 1820

Merit: 1000

Quote from: macsga on July 16, 2015, 07:59:38 PM

Quote from: SebastianJu on July 15, 2015, 09:03:50 AM

Quote from: macsga on July 15, 2015, 01:05:24 AM

Dargo I need to ask a couple of questions. I know that if someone like me lives in Greece now and wants to withdraw an amount from you to their bank account here, it's virtually impossible since we're on Capital Controls. First of, is there a way to overcome this (and still being legal)? Second, in case I want to sell a big amount of BTC (ie: more than 10,000EUR equivalent) how this will be taxed (I mean will the income be taxed there or here in Greece)? Am I even obliged to income taxes since I mined for them?

Thanks in advance for your answer.

You would need to check this in greece since there you would need to pay taxes. I cant tell how its dealt in greece but when you mined it then normally it will be hard to proove your expenses to put against the profit.

And yes, every additional value you create should be taxable. Though its best to find out which lawyer or tax advisor knows about bitcoin in greece. Then ask him about it.

And cant you exchange btc to fiat in greece? No localbitcoins or so or are the fees now exorbitant? Maybe only withdraw what you need. I guess you want it because of the capital controls?

It's more of a theoretical question actually. I don't really need to sell any of my stash now (probably not until many years from now). I'm asking because of the SEPA transfers from FIDOR to any bank here in Greece is now "closed" or - being processed after central authorisation. In any case, there's no taxable policy for BTCs in Greece (it's still very very new here).

I guess the best policy (in case of emergency) is to liquidate some on localbitcoins - but I wanted to see if there's an alternative during this harsh period of time.

macsga - I'm afraid I don't really have any information about the things you ask. Capital controls are part of the legacy banking system and I'm not aware of any legitimate ways to circumvent them. Services like localbitcoins may indeed be your best option right now. I believe you would be taxed according to the tax policies in Greece, but as you say there are no BTC-specific policies in place yet. I've been into bitcoin for so long now it doesn't feel like early days, but it still is. Still waiting for the rest of the world to catch-up. Wink

macsga

legendary

Activity: 1484

Merit: 1002

Strange, yet attractive.

Quote from: SebastianJu on July 15, 2015, 09:03:50 AM

Quote from: macsga on July 15, 2015, 01:05:24 AM

Dargo I need to ask a couple of questions. I know that if someone like me lives in Greece now and wants to withdraw an amount from you to their bank account here, it's virtually impossible since we're on Capital Controls. First of, is there a way to overcome this (and still being legal)? Second, in case I want to sell a big amount of BTC (ie: more than 10,000EUR equivalent) how this will be taxed (I mean will the income be taxed there or here in Greece)? Am I even obliged to income taxes since I mined for them?

Thanks in advance for your answer.

You would need to check this in greece since there you would need to pay taxes. I cant tell how its dealt in greece but when you mined it then normally it will be hard to proove your expenses to put against the profit.

And yes, every additional value you create should be taxable. Though its best to find out which lawyer or tax advisor knows about bitcoin in greece. Then ask him about it.

And cant you exchange btc to fiat in greece? No localbitcoins or so or are the fees now exorbitant? Maybe only withdraw what you need. I guess you want it because of the capital controls?

It's more of a theoretical question actually. I don't really need to sell any of my stash now (probably not until many years from now). I'm asking because of the SEPA transfers from FIDOR to any bank here in Greece is now "closed" or - being processed after central authorisation. In any case, there's no taxable policy for BTCs in Greece (it's still very very new here).

I guess the best policy (in case of emergency) is to liquidate some on localbitcoins - but I wanted to see if there's an alternative during this harsh period of time.

SebastianJu

legendary

Activity: 2674

Merit: 1083

Legendary Escrow Service - Tip Jar in Profile

Quote from: macsga on July 15, 2015, 01:05:24 AM

Dargo I need to ask a couple of questions. I know that if someone like me lives in Greece now and wants to withdraw an amount from you to their bank account here, it's virtually impossible since we're on Capital Controls. First of, is there a way to overcome this (and still being legal)? Second, in case I want to sell a big amount of BTC (ie: more than 10,000EUR equivalent) how this will be taxed (I mean will the income be taxed there or here in Greece)? Am I even obliged to income taxes since I mined for them?

Thanks in advance for your answer.

You would need to check this in greece since there you would need to pay taxes. I cant tell how its dealt in greece but when you mined it then normally it will be hard to proove your expenses to put against the profit.

And yes, every additional value you create should be taxable. Though its best to find out which lawyer or tax advisor knows about bitcoin in greece. Then ask him about it.

And cant you exchange btc to fiat in greece? No localbitcoins or so or are the fees now exorbitant? Maybe only withdraw what you need. I guess you want it because of the capital controls?

macsga

legendary

Activity: 1484

Merit: 1002

Strange, yet attractive.

Dargo I need to ask a couple of questions. I know that if someone like me lives in Greece now and wants to withdraw an amount from you to their bank account here, it's virtually impossible since we're on Capital Controls. First of, is there a way to overcome this (and still being legal)? Second, in case I want to sell a big amount of BTC (ie: more than 10,000EUR equivalent) how this will be taxed (I mean will the income be taxed there or here in Greece)? Am I even obliged to income taxes since I mined for them?

Thanks in advance for your answer.

zinjo

full member

Activity: 476

Merit: 100

DIVERGENT OTC MARKET FOR DISTINCTIVE ASSETS!

Quote from: Dargo on July 13, 2015, 02:33:08 PM

Quote from: zinjo on July 13, 2015, 03:37:43 AM

Is it normal if my withdrawal is on hold? Or its always showing "On Hold" before "sending" status?

No it's not normal, so please contact support to find out why the withdrawal is on hold.

Yea, it's fixed now, i tried to withdraw €1300 to my brother bank account because mine has €390 monthly limit .-. But support guy was awesome and passed it after providing mine and my brother ID card picture. Just awesome site Tongue

ICFiedler

full member

Activity: 132

Merit: 100

Quote from: Dargo on July 13, 2015, 02:30:28 PM

Quote from: KrakenTrader on July 09, 2015, 07:39:41 AM

@Dargo

Any news on when we may see Leverage 10:1 (or larger) as an option for margin trading ?
In that WCHangout https://www.youtube.com/watch?v=zoTvEsA970M from June 11th, Jesse mentioned it might be switched on in the coming weeks.
That was 4 weeks ago.

Thanks

We're still considering this, but have grown more cautious about it since early June. 10x leverage is quite a lot with a security as volatile as bitcoin. So the ETA is uncertain at this point.

I am not a fan of any leverage above x5, which I deem quite a lot already. The point is that the costs of one trader going over-broke can well be externalized to either kraken (and then indirectly to other customers) or directly to other traders (see huobi).

Topic: [ANN] KRAKEN.COM - Exchange with USD EUR GBP JPY CAD BTC LTC XRP NMC XDG STR ETH - page 202. (Read 628818 times)