[ANN] KRAKEN.COM - Exchange with USD EUR GBP JPY CAD BTC LTC XRP NMC XDG STR ETH - page 347.

Dargo

legendary

Activity: 1820

Merit: 1000

Quote from: nitrous on September 09, 2013, 05:40:30 PM

Quote from: statdude on September 09, 2013, 05:39:10 PM

By what means can you buy/sell USD to cash/bank?

Get verified (tiers 1 and 2 are very simple and quick to do), then do a wire or sepa transfer using the deposit page. Then you can trade with the fiat you've deposited, and then do a withdrawal.

This is basically right, but the only fiat we offer for trading right now is EUR. The only way to deposit USD is to have your bank or our bank convert to EUR for the deposit. For the withdrawal, it'd have to be your bank that does the conversion back to USD since our bank won't do that.

This is a temporary situation since we'll have USD deposits fairly soon (say within a month if all goes well - and yeah, it might not).

nitrous

sr. member

Activity: 246

Merit: 250

Quote from: statdude on September 09, 2013, 05:39:10 PM

By what means can you buy/sell USD to cash/bank?

Get verified (tiers 1 and 2 are very simple and quick to do), then do a wire or sepa transfer using the deposit page. Then you can trade with the fiat you've deposited, and then do a withdrawal.

statdude

legendary

Activity: 1498

Merit: 1000

By what means can you buy/sell USD to cash/bank?

nitrous

sr. member

Activity: 246

Merit: 250

Quote from: btcx on September 09, 2013, 05:28:46 PM

Quote from: nitrous on September 09, 2013, 05:25:42 PM

A while ago I mentioned keeping the trial account functionality available, is that still being considered?

Yeah, we'll get the trial accounts back in action at some point but it's low on the list of priorities right now.

Ok, great

I'm really pleased that you've launched this exchange with its advanced feature set, not sure why others haven't implemented the functionality that forex exchanges have had for years!

btcx

vip

Activity: 302

Merit: 253

Quote from: nitrous on September 09, 2013, 05:25:42 PM

A while ago I mentioned keeping the trial account functionality available, is that still being considered?

Yeah, we'll get the trial accounts back in action at some point but it's low on the list of priorities right now.

nitrous

sr. member

Activity: 246

Merit: 250

Quote from: john11johng on September 09, 2013, 05:19:13 PM

Is it my browser? But no market data appearing, just on 0 for all data?

It's because no one's deposited any fiat yet, so no one can trade the EUR pairs. If you look at the BTC/LTC pair, you'll notice that isn't 0. We have to wait for the banks' long wire processes before trading with fiat can begin.

nitrous

sr. member

Activity: 246

Merit: 250

A while ago I mentioned keeping the trial account functionality available, is that still being considered?

john11johng

newbie

Activity: 9

Merit: 0

Is it my browser? But no market data appearing, just on 0 for all data?

600watt

legendary

Activity: 2338

Merit: 2106

finally ! great ! feels good !

Dargo

legendary

Activity: 1820

Merit: 1000

Quote from: BKM on September 09, 2013, 04:26:35 PM

Quote from: Dargo on September 09, 2013, 03:42:05 PM

Quote from: BKM on September 09, 2013, 03:23:27 PM

Any chance of adding Canadian $ to the mix? We need some serious competition up here.

Oh yes, that's in the pipe too. From what I understand, we're pretty far along in the process - but no definite ETA.

Awesome! In the meantime I'll be moving my meager LTC business over to you - whats up with 24 confirmations on LTC deposits?

What's up with it is that it's actually wrong. Cheesy

12 confirmations are required. We'll fix the verbiage ASAP.

BKM

sr. member

Activity: 315

Merit: 250

Quote from: Dargo on September 09, 2013, 03:42:05 PM

Quote from: BKM on September 09, 2013, 03:23:27 PM

Any chance of adding Canadian $ to the mix? We need some serious competition up here.

Oh yes, that's in the pipe too. From what I understand, we're pretty far along in the process - but no definite ETA.

Awesome! In the meantime I'll be moving my meager LTC business over to you - whats up with 24 confirmations on LTC deposits?

Dargo

legendary

Activity: 1820

Merit: 1000

Quote from: BKM on September 09, 2013, 03:23:27 PM

Any chance of adding Canadian $ to the mix? We need some serious competition up here.

Oh yes, that's in the pipe too. From what I understand, we're pretty far along in the process - but no definite ETA.

BKM

sr. member

Activity: 315

Merit: 250

Any chance of adding Canadian $ to the mix? We need some serious competition up here.

Dargo

legendary

Activity: 1820

Merit: 1000

Quote from: Rampion on September 09, 2013, 08:48:29 AM

Finally!

Best of lucks, we need some serious competition.

Quote from: 18RATTT on September 09, 2013, 08:59:29 AM

congrats KRAKEN !!!

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

Thanks - we plan on being serious competition in this space. It'll be progressive though as we bring more services to more areas.

Dargo

legendary

Activity: 1820

Merit: 1000

Quote from: Jan on September 09, 2013, 07:42:45 AM

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 Grin

Cool - we'll get you Tier 3 verified ASAP. Keep in mind that it may take a bit longer here at launch than it will later. I'm not sure exactly how long, but maybe give us 5 working days then check in if you're not verified yet.

Dargo

legendary

Activity: 1820

Merit: 1000

Quote from: Seth Otterstad on September 09, 2013, 12:48:48 PM

I don't understand. The original post says BTC/EUR is available to trade for level 2 customers.

Yes, BTC/EUR is available to trade. But BTC/EUR being available to trade is a different thing from there being volume in BTC/EUR. Initially volume will be low to non-existent until more users sign up and build up the market. As I said in another post, we'll be providing some liquidity for some pairs eventually, but for now it's up to users to create the market. Traders should pick their prices and stick with limit orders. Until the volume picks up, it's best to avoid market orders since they can fill at unfavorable prices when liquidity is low.

Dargo

legendary

Activity: 1820

Merit: 1000

Quote from: Seth Otterstad on September 09, 2013, 10:54:27 AM

Why do I see the trading volume is zero?

Eventually we plan to provide some liquidity, at least for some currency pairs. But for now the liquidity will only be provided by users. So, for now, the liquidity will be low until we get more users. Traders should pick their prices and stick with limit orders. Until the volume picks up, it's best to avoid market orders since they can fill at unfavorable prices when liquidity is low.

Quote

What are your bank conversion rates for £ and USD?

Our bank will convert to EUR for deposits, but I'm waiting to find out what the fee is. But our bank won't convert from EUR on withdrawals. Check with your bank to find out if they can convert for the deposit and convert back for the withdrawal. If they can and the rate is reasonable, that's your best option for now.

We appreciate your patience as we progressively bring our services online. Trading and account funding in other fiat currencies, including USD are coming down the pipe!

Dargo

legendary

Activity: 1820

Merit: 1000

Quote from: willphase on September 09, 2013, 08:57:09 AM

Quote from: Gerco on September 09, 2013, 07:52:56 AM

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

If you choose US, you would still be able to deposit to our EUR account, but you'd have to pay a conversion fee. We won't know for sure about the converse scenario for a while yet, but I don't think it'd be a problem. Even if our US bank couldn't do the conversion, your bank might.

Dargo

legendary

Activity: 1820

Merit: 1000

Quote from: RationalSpeculator on September 09, 2013, 07:19:03 AM

Quote from: apetersson on September 09, 2013, 03:40:57 AM

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.

We're working hard to complete our regulatory compliance in more areas of the globe, including most of the US. We'll offer USD once we get greater US coverage. If you're in an area where we can currently offer fiat deposits, it's possible to deposit USD to our bank account now, but it will get converted to EUR in your account and you'll have to trade in EUR (and you'll have to pay the conversion fees).

Seth Otterstad

sr. member

Activity: 328

Merit: 250

Quote from: Rampion on September 09, 2013, 11:08:09 AM

Quote from: Seth Otterstad on September 09, 2013, 10:54:27 AM

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?

I don't understand. The original post says BTC/EUR is available to trade for level 2 customers.

Quote from: btcx on September 08, 2013, 10:53:28 PM

Pairs available to trade:
BTC/EUR
BTC/LTC
LTC/EUR

Services that appeared in Beta that are not available at launch:
USD, GBP, XRP, NMC, VEN pairs

Topic: [ANN] KRAKEN.COM - Exchange with USD EUR GBP JPY CAD BTC LTC XRP NMC XDG STR ETH - page 347. (Read 629033 times)