Topic: [ANN] KRAKEN.COM - Exchange with USD EUR GBP JPY CAD BTC LTC XRP NMC XDG STR ETH - page 342. (Read 628889 times)

I think they just need time to let the order book naturally sync itself up to the rest of the market. The platform seems light years ahead of everything else on the market. They also offer leveraged shorts which is huge for price stability in the long run. It's quiet shocking that none of the larger exchanges offer leveraged shorts. I know bitfinex does but the rates that are being charge are absurd.

They have just started! Give them time to first start crawling, then walking and then running!


But it is a nice platform! No other exchange gives you ability to have so many order types. Kraken to some extend fuses both the role of an exchange and the role of a broker (with these order types). This is the best platform on the market right now (if it can perform as promised).


1. I too consider the US jurisdiction a negative. People doing business as USA are dangerous lunatics at large.

2. For the same purpose I consider EU jurisdiction (Bitstamp) almost equally unsafe. I live in the so called EU and I will rather open account at BTC-e, Russia than in Bitstamp, the so called EU.

3. Why one exchange thrives under unfavourable (EU) conditions and the other under similarly unfavourable (USA) conditions does not? Just a few ideas:
- Kraken is still in its infancy - it needs time,
- Kraken is busy doing time and cost consuming legal equilibria (reading and understanding phone book-sized legal gibberish is distracting from creative tasks) and can't devote resources to deal with core business,
- the general market is already saturated with exchanges and no other similar ones are needed (Kraken's launch was too late or /and its offer is no much different from what competitors have already been offering),
- Kraken failed to differentiate themselves from other exchanges (having better order types and lower fees might just not be enough to differentiate) or failed to communicate the differentiation.
- the target clients were badly defined (Kraken needs to find a yet unexplored niche within the market and develop from this niche into a general market).

We're not closing down but if you want to help, put some orders up!

Its a shame seeing another great exchange like kraken.com
getting closed down.

I really thought it would be a relly nice platform.
But 0,02 BTC total volume in 24 h...

The only negative : - Its based in the USA...

Are you freaking kidding me?? Have you even seen the huge functionality difference between these services? All non-Kraken services look like web pages from the 90's with speed, security elements that suck big time. Kraken is a California company based in Silicon-Valley, they know technology, can attract real talent and have way more features, beautifully designed webpage and tons of trading features unimagined by other players. It's a real, professional company.

As soon as they include California, I'm saying good bye to CampBX, MtGox and other suckers outside the US.

Hello!  If it's been that long, something is certainly wrong but I can't help you without at least your public account ID.  Could you please PM me with that?

Hello
Testing, 1, 2, 3...
 

I made a Sepa transfer from my german Bank account to Fidoor last 26th september, and it still has not credited on my kraken account. In the FAQ it says that <1 day to process those deposits...

And the support is closed till monday... let's wait...

 

Bad feelings

No, in order to withdraw EUR you would need to convert your USD to BTC and then those BTC into EUR (or you could use any other intermediary, e.g. LTC). You can then withdraw the EUR.

so if i understand correctly i can sell/buy  btc in usd and then withdraw in EUR ?

what kind of exchange rate applies?

I might be right about money managers. A low to mid quality money manager has USD 2 - 10 million worth of assets under management. None of whom I know decided to start trading bitcoin simply because of the lack of even basic tools.

I didn't know Bit4X until you posted its name. I am a newbie to Bitcoin 

You are probably right there. Also Bit4X is already doing and offering that, since 2012.

1. I was a trader in a hedge fund for a few years.

2. After I retired I traded as a money manager for some friends. It was a must to be able to manage my clients' sub-accounts from one master account. I couldn't have been able to trade well without some simple tools (that every forex bucket shop provides to its clients now-a-days).

3. There is always a market for making money. Just look at Pirate40 who was able trick people into entrusting him their funds. I think there is a big undiscovered market for money managers in crypto currency market. Money managers' tools would prevent scams like Pirate40.

4. There are brokers in the fiat realm who generate more than 50% of their income through money managers.

5. Just to give you a food for thought (what a money manager is capable of in terms of trading quality), have a look at this post https://bitcointalksearch.org/topic/m.2973084 and then click the links. If by availing appropriate money managers' tools you can attract 10 money managers like this guy, you can expect lots of customers.

6. Having your data feed hooked up here: https://www.tradingview.com/e/?symbol=MTGOX:BTCUSD and here: http://bitcoinwisdom.com/markets/mtgox/btcusd for the general public is also a must. These have good quality and are free.

7. You might also think about integrating your exchange with a good quality front-end.

Thanks.

That's source of the problem you're having viewing the site - javascript required. And what nitrous said above about the security issue. 


Good question. I'm pretty sure we haven't considered it yet, but we will now. My guess is it's probably something we'd want to do if we could, especially if we had a lot of interested people.  

Disabling javascript is a bit over the top. Despite the similar names, Java and Javascript are very different and unrelated. Javascript had some influence from Java, but otherwise there's not much need to disable JS, and it will limit what you can do (i.e., use Kraken). Java and Javascript do not share any security exploits, but if you're still concerned about JS, you might want to install NoScript or something similar, and then only enable it on certain sites you know you can trust, that way you can still use the websites that need it without enabling it globally.

I do not have javascript as well - I removed anything Java-related from my computer when I engaged in bitcoin.



I like the way you look at things.

Dargo,

Would there be some money managers' tools available at Kraken in future? Something like this? http://www.dukascopy.com/swiss/english/forex/management/asset/

You don't need Java, but you do need Javascript.

https://www.kraken.com/help/faq#browser-settings


"Shitty" places can be bitcoin friendly due to mellow regulations, which is good. "Good" places can be bitcoin unfriendly due to hyper regulations, which is shitty. 

Hi Nitrous  


I don't see graphs and dynamic elements on their website. I do not have Java installed.



I am from a very shitty place. If legal fiction called UK qualifies then my place might as well



Thanks.


I like their types of orders so I am thinking of becoming their client. I think others will also appreciate the availability of a stop loss or a trailing stop.

you can see trading volume here
http://www.cryptocoincharts.info/v2/markets/show/kraken (in development)
http://www.cryptocoincharts.info

You can have a balance in any currency that's a reserve currency:

https://www.kraken.com/help/trading-guide#reserve-vs-non-reserve-currency

USD and EUR are reserve currencies. You can't exchange EUR and USD directly, but you can deposit or withdraw in either and you can cash out digital currencies for either. But of course you will incur exchange fees (with our bank or yours) if you have to exchange fiat for deposit or withdrawal.
 
Also, you will be able to margin trade currency (i.e. currency pairs) you don't have a balance in with currency you do have a balance in. So, for example, if you only have USD in your account, you will be able to trade the XBT/EUR pair on margin using your USD balance. And margin trading does result in real exchange volume on Kraken, though no currency exchange happens in your account (you simply open or close trading positions in the currency pair). If you go to Account > Trade > Overview, you'll notice that your trade balances adjust to whatever quote currency (the second of a currency pair) you have selected in the upper right of your screen. Margin trading hasn't launched yet, though, so it will be a little while before this kind of thing is possible.  

So there will be lots of opportunity for cross-currency arbitrage/spread trading. Ultimately this should add to liquidity, though short-term it may take volume a bit longer to get rolling with all the currency choice.