Topic: Kraken or Localbitcoins? HELP (Read 1568 times)
hide bank fees is certainly, Exchange fee do not include another fees
Hi, if i buy 2 btc on localbitcoins it costs £644. However if i buy 2btc on kraken it costs £608. But on kraken how long do the deposits take and are there and hidden bank/kraken fees? thanks
LBC will generally be much more expensive as there is no AML/KYC process to go through. Since people are willing to pay for this convenience the traders will charge for it.
Kraken works with Fidor which is a german bank, so I don't think there's anything to worry about, maybe if you're in US you should ask them first if that's a problem? Keep in mind it has low volume so price could change easily with heavy orders, but for just 2 btcs it's not a problem. Localbitcoins has its disadvantages aswell and you have to know what you're doing before meeting with a stranger, it's really easy to be scammed if the person you contacted has no feedback.
i have made 2 deposits on kraken one got 2 days and the other got 4. also i have made a withdrawal that was sent in one day and yesterday i placed my second. i would recomend kraken
BUMP
Ok, anyways i chose localbitcoins and TSB Bank suspended my account!!!!! I'm hoping the price doesn't rise otherwise i wouldn't be happy 
I think my account was suspended because i bought 2btc worth £643.40
I think my account was suspended because i bought 2btc worth £643.40
I am not sure but i remember that in the GERMAN section some users complained about kraken in the past 2 weeks better to be safe and pay a bit more !
BUMP - need help
Hi, if i buy 2 btc on localbitcoins it costs £644. However if i buy 2btc on kraken it costs £608. But on kraken how long do the deposits take and are there and hidden bank/kraken fees? thanks
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