[ANN] KRAKEN.COM - US-based Exchange w/ Margin Trading - OPEN BETA - page 3.

Dargo

legendary

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Quote from: capoeira on July 19, 2013, 04:48:37 PM

let me ask something allready asked but not realy clarified:

the demo uses MtGox market data right? once launched Kraken will be it's own and only market?

Yes, in beta mode, our order book derives from Gox's order book (it's similar, but not exactly of course). Once we launch, Kraken will be it's own market.

capoeira

legendary

Activity: 2413

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let me ask something allready asked but not realy clarified:

the demo uses MtGox market data right? once launched Kraken will be it's own and only market?

Dargo

legendary

Activity: 1820

Merit: 1000

Quote from: 2Kool4Skewl on July 19, 2013, 12:48:09 AM

Do you currently support ACH withdrawals for US customers?

Not now, but we will once live trading for US customers starts.

Quote

Also, I signed up, but I couldn't activate my account. I'm sent you a PM regarding my issue.

Got it, and we are looking into the issue.

2Kool4Skewl

sr. member

Activity: 644

Merit: 250

Do you currently support ACH withdrawals for US customers?

Also, I signed up, but I couldn't activate my account. I'm sent you a PM regarding my issue.

wonkytonky

sr. member

Activity: 411

Merit: 250

common guys.. release the kraken Wink

Dargo

legendary

Activity: 1820

Merit: 1000

Quote from: cet on July 10, 2013, 03:07:04 PM

Quote from: Dargo on July 10, 2013, 02:42:09 PM

Quote from: cet on July 10, 2013, 01:54:39 AM

Hi Dargo -
What kind of documentation is going to be required to open a kraken account? And how will you want it delivered?

/cet

cet,

I'll have to check on the details, but documentation shouldn't be anything that you will need advance time to prepare (assuming you have a government issued ID). Delivery will be a matter of uploading pics of the documents from a special page on our site. All this will be made very clear at launch. Till then it's possible things can change, so don't take anything I say about it as definite.

sounds good - much easier than mt gox. I'm finding that apstille certification requirement for getting trusted status with very painful. My state loves to reject apstille requests for apparently no reason and having an easier document verification process would be a significant selling point for using kraken service.

Are you still on target for starting service this month?

Yeah, I think our process will be easier than Gox, but we do have to collect sufficient info to be fully compliant. A launch this month looks quite possible at this point.

cet

member

Activity: 100

Merit: 10

Quote from: Dargo on July 10, 2013, 02:42:09 PM

Quote from: cet on July 10, 2013, 01:54:39 AM

Hi Dargo -
What kind of documentation is going to be required to open a kraken account? And how will you want it delivered?

/cet

cet,

I'll have to check on the details, but documentation shouldn't be anything that you will need advance time to prepare (assuming you have a government issued ID). Delivery will be a matter of uploading pics of the documents from a special page on our site. All this will be made very clear at launch. Till then it's possible things can change, so don't take anything I say about it as definite.

sounds good - much easier than mt gox. I'm finding that apstille certification requirement for getting trusted status with very painful. My state loves to reject apstille requests for apparently no reason and having an easier document verification process would be a significant selling point for using kraken service.

Are you still on target for starting service this month?

Dargo

legendary

Activity: 1820

Merit: 1000

Quote from: cet on July 10, 2013, 01:54:39 AM

Hi Dargo -
What kind of documentation is going to be required to open a kraken account? And how will you want it delivered?

/cet

cet,

I'll have to check on the details, but documentation shouldn't be anything that you will need advance time to prepare (assuming you have a government issued ID). Delivery will be a matter of uploading pics of the documents from a special page on our site. All this will be made very clear at launch. Till then it's possible things can change, so don't take anything I say about it as definite.

cet

member

Activity: 100

Merit: 10

Hi Dargo -
What kind of documentation is going to be required to open a kraken account? And how will you want it delivered?

/cet

btcx

vip

Activity: 302

Merit: 253

Quote from: wonkytonky on June 22, 2013, 04:02:38 PM

or just editable fields in the current order thats active, would make more sense to me.. no need to fully replace with a new order ..
then again. i dont know how you guys. did your developments so.. i'm guessing it's not that easy as it looks to make some fields editable in active order.

good luck Wink

It could be done but you'd lose priority.. it'd be the same as creating a new order, maybe just a little more convenient.

Dargo

legendary

Activity: 1820

Merit: 1000

Quote from: jimbobway on June 22, 2013, 04:22:26 PM

I understand there are two types of trades, "currency trades" where I actually own and can withdraw my bitcoins I buy and also pair trades where I open a position but do not actually own the coins.

If I make a pair-trade does it actually affect the price of bitcoin on your server? Or do only currency-trades affect the price of bitcoin.

Pair trades also affect price because there is real buying/selling on the exchange behind the pair trade. See also my responses to codesuela, who had a similar question.

jimbobway

legendary

Activity: 1304

Merit: 1015

I understand there are two types of trades, "currency trades" where I actually own and can withdraw my bitcoins I buy and also pair trades where I open a position but do not actually own the coins.

If I make a pair-trade does it actually affect the price of bitcoin on your server? Or do only currency-trades affect the price of bitcoin.

wonkytonky

sr. member

Activity: 411

Merit: 250

Quote from: Dargo on June 22, 2013, 03:16:42 PM

Quote from: wonkytonky on June 22, 2013, 02:44:20 PM

If there's one thing i'd be highly wish for ..

to be able to edit an order .. like moving stoploss or take profit trigers.. to other price levels..

eg:

buy long at 109 and stoploss at 108 today: price goes up to 115 stable.. .. but i'm feeling it will be going up for some more in the future..
then i want to adjust the stoploss to a higher price.. like 113 ..

maybe i'm not doing things right.. but it seems not adjustable for now in beta.

regards

Something like a "cancel and replace" option for orders would be handy. I'll check with the devs on this. My guess is that it's something we'll have eventually, but how soon I don't know.

or just editable fields in the current order thats active, would make more sense to me.. no need to fully replace with a new order ..
then again. i dont know how you guys. did your developments so.. i'm guessing it's not that easy as it looks to make some fields editable in active order.

good luck Wink

Dargo

legendary

Activity: 1820

Merit: 1000

Quote from: wonkytonky on June 22, 2013, 02:44:20 PM

If there's one thing i'd be highly wish for ..

to be able to edit an order .. like moving stoploss or take profit trigers.. to other price levels..

eg:

buy long at 109 and stoploss at 108 today: price goes up to 115 stable.. .. but i'm feeling it will be going up for some more in the future..
then i want to adjust the stoploss to a higher price.. like 113 ..

maybe i'm not doing things right.. but it seems not adjustable for now in beta.

regards

Something like a "cancel and replace" option for orders would be handy. I'll check with the devs on this. My guess is that it's something we'll have eventually, but how soon I don't know.

wonkytonky

sr. member

Activity: 411

Merit: 250

If there's one thing i'd be highly wish for ..

to be able to edit an order .. like moving stoploss or take profit trigers.. to other price levels..

eg:

buy long at 109 and stoploss at 108 today: price goes up to 115 stable.. .. but i'm feeling it will be going up for some more in the future..
then i want to adjust the stoploss to a higher price.. like 113 ..

maybe i'm not doing things right.. but it seems not adjustable for now in beta.

regards

Dargo

legendary

Activity: 1820

Merit: 1000

Quote from: codesuela on June 22, 2013, 02:07:43 PM

Quote from: Dargo on June 22, 2013, 02:02:28 PM

But in order for you to open this position 50 BTC are bought with USD on the exchange. You don't own those 50 BTC though, because you have borrowed the funds to buy them.

but those BTC are actually bought on the market and influence the actual market price. it is not a "theoretical" transaction ie a contract for payment of the difference where the order is never executed on the market

Correct. Real buying and selling on happens on the market but leverage trading in one's account means only opening or closing a long or short currency pair position (no currency conversion in one's account).

codesuela

member

Activity: 74

Merit: 10

Quote from: Dargo on June 22, 2013, 02:02:28 PM

But in order for you to open this position 50 BTC are bought with USD on the exchange. You don't own those 50 BTC though, because you have borrowed the funds to buy them.

but those BTC are actually bought on the market and influence the actual market price. it is not a "theoretical" transaction ie a contract for payment of the difference where the order is never executed on the market

Dargo

legendary

Activity: 1820

Merit: 1000

Quote from: codesuela on June 22, 2013, 01:34:00 PM

hey
one question:
so leveraged positions aren't actually executed right? if i short 50 bitcoins with a 1:5 leverage those aren't actually sold on the market driving the price down or up respectively with a long position, correct?

If I understand what you are asking, the answer is no. As far as your account goes, when you go long 50 BTC/USD using leverage, no currency conversion takes place for your account. You simply have a long trading position in the BTC/USD currency pair. But in order for you to open this position 50 BTC are bought with USD on the exchange. You don't own those 50 BTC though, because you have borrowed the funds to buy them.

codesuela

member

Activity: 74

Merit: 10

hey
one question:
so leveraged positions aren't actually executed right? if i short 50 bitcoins with a 1:5 leverage those aren't actually sold on the market driving the price down or up respectively with a long position, correct?

Dargo

legendary

Activity: 1820

Merit: 1000

Quote from: wonkytonky on June 22, 2013, 12:33:07 PM

are you guys are going to route with other exchanges.. ? (gox)
the reason why i left bitfinex is because the low volume... since they left gox .
cant even trade a good 100btc withoutout massive slippage ..

No, but we'll have good liquidity. I guess you can see if it meets your needs after we launch.

Topic: [ANN] KRAKEN.COM - US-based Exchange w/ Margin Trading - OPEN BETA - page 3. (Read 14346 times)