Bitstamp verification delays at sfo
There is a trade-off. Wallets and exchanges that are easier to use are often less secure. This is not a rule, just the current state of affairs. The biggest risk to Bitcoin is theft. If someone gets your private key, you will be robbed.
There is also regulatory risk and perceived regulatory risk. For example, Tradehill recently suspended its exchange due to regulatory concerns, Mt. Bitcoin Block Explorer — Blockchain. Tradehill is a US-based Bitcoin exchange that has grown in popularity as the chief competitor to Japan-based Mt. Tradehill has tried to position itself as an exchange for traders, especially those looking to move larger blocks of BTC.
The company later bounced back from this issues and has been on the rise, until this latest suspension of business. Below is the full bulletin from Tradehill. We have reached out to the company for further comment. Many of you have come to know Tradehill as the digital currency exchange of choice over the last six months. We have appreciated your patronage and have delighted in providing a reliable service to help you reach deep liquidity in the Bitcoin market.
We have recently made the decision to temporarily suspend trading on the Tradehill platform, due to banking and regulatory issues. This decision has not been made lightly and we regret having to take such action. However, we embrace the silver lining of our situation and plan to take this opportunity to upgrade, improve, and polish our trading platform. Tradehill registered with FinCEN in August and is actively engaging with banks and regulators to continue development of future business products and practices.
We would like to thank our clients, current and past partners, supporters, and advocates for all their continued support. The Bitcoin space has proven to be an exciting and dynamic environment. We are proud to have the opportunity to be at the forefront of this new domain. Tradehill shared with On Bitcoin the following details around their suspended trading]. The Internet Archive Federal Credit Union has experienced operational and regulatory issues and we are no longer able to continue our developing relationship.
This allowed clients to trade Bitcoin with funds that were stored in a federally insured institution. Our clients still have full access to their funds. We are consulting with regulators to define the most appropriate licensing strategy for our current and future business practices.
We are also actively engaging with banks and regulators to continue development of best practices for Bitcoin regulation and compliance. This is only a temporary suspension of trading. We are continuing with planned development of our trading platform, to provide an improved user experience, as well as additional planned products. We hope to resume trading operations soon. Send story tips to team onbitcoin. We also accept guest posts. I sold my etherium in April with Kraken and I never received my money.
Kraken support tells me that he has changed provider and his unable to give me my money because he can not trace the transaction. Any feedback from current users? Personally, I have noticed less cloudflare timeout pages, which is a welcome improvement. The error code instantly. Please fix this bshit. Kraken is still among the cheapest. This without a doubt the worst website in the world. I have been trying to set up an account on tier 3 and all I keep getting after loading my ID is a error code.
Just refresh the page. I had been experiencing the same thing with trying to sign up. Found that refresh always works. Yes, please read my warning message at the top of this Kraken review. The UI is nearly unusable at this point and therefore I would recommend that users avoid depositing. I highly recommend users avoid depositing for the time being.
I am a newbee but wanted to try and I sent 1 bitcoin to Kraken. To try out I first sent 0. Then when I wanted to send the other 0. So I sent Kraken support an email to apologise for my mistake and to ask them to recover my funds.
The answer I got was: The funds are held in a wallet that we control. But since you sent assets to the wrong address, there now involves a great deal of work to recover these funds. Trust me, there are many of these cases. That being the case, we are not able to assist you with this recovery.
They can use part of my funds to hire someone to do nothing else and still make a healthy return! I have used Kraken for 12 months now. The criticism I have is the uncertainty when placing an order.
You are advised to resubmit the order as it MAY not have been processed which can result in placing an order twice. For GBP customers there remains an issue with the exchange advising that it was dropping the currency due to volume issues.
A horrible first experience using kraken. Countless errors, timeouts and kick outs from the website, orders to buy and sell impossible to make and if it works, they go wrong, double entries, no stop loss orders available to reduce stress on the systems and to make things worse, now got a locked account and nobody responses to my mails.
Have no clue on how to get in contact or to get my money back. Yes, I've added a warning on the top of the page about Kraken's current website timeout issues. Hey cheers for your review and insight on Kraken. I'd just like to add that their site has some serious disadvantages as of recent times. Putting an order through is like gambling at the casino! Most of the time, the order doesn't go through and you are asked to refresh to verify.
And then of course, you are directed to a page that tells you about error I think they are too incompetent to fix their trading engine. My analysis is that Kraken does not deserve all the traders that they have.
Pro traders are gonna go elsewhere soon if they haven't already done so. Very much agree with your experience on Kraken here. It's true that the exchange is unusable these past weeks. Fingers crossed they sort things out fast. Thanks for sharing your thoughts, this helps new users enormously. Another week goes by and they emailed saying it looked like my deposit arrived without the proper referencing to assign it to my account automatically. Ok no problem I thought. The funds have been located and they assured me few days later it will be into my account.
During this time the bitcoin price has risen USD so now because of their incompetence and delay it defetes the purpose of purchasing a bitcoin and I am sure as hell I will not be compensated for their poor service. To give you an example - when issues arise on Coinbase, customers can expect to wait days to get a response - and on Cex the average response time from support is 2 to 3 weeks!
No joke, but these platforms are literally overrun with new users everyday. They're coping as well as they can, hats off to Kraken for such a fast response time. Especially with people saying that it's best not to keep money stored up on any cryptocurrency exchange. It's a compromise between planning ahead and risking funds kept online. That's why it's always important to find the most trustworthy exchange.
During my Kraken review I've tried to show that despite its faults, there are indeed many expert traders that trust the operators with good deals of their money. I am waiting for 2days now on a response or a fix for my locked account, after 5 minutes I got a mail asking to provide more info so they could unlock, never heard back again. I am thinking, they let me sit in the dark here on purpose. This is insane and if they let me wait just because they can. Hi John, it's annoying I know. Do realize that these exchanges, Kraken included, are being flooded with requests from new and long-time users.
There's just so much activity going on in the crypto world right now. Kraken are experiencing serious UI issues, but I would guess that their integrity remains solid and trustworthy. This is quite interesting. What I'd like to know is how many of the monthly mobile app visitors return.
Perhaps, this surge in mobile views is due to the large number of new BTC and crpytocurrency enthusiasts. I think the high number of visitors thru their mobile app is more due to the fact that more and more people are viewing things on their smartphones rather than on their laptops and desktop computers. After all, it's easy to go to the app store and check out Kraken. According to this Kraken review, the mobile version of the exchange is smooth. Now, they just have to ensure that their app is just as easy to use.
Likewise, I have to agree regarding the Kraken disadvantages. I know they have a lot of users to deal with, but bad customer support should be solved as soon as possible. They have a surge in popularity, but this could be wasted if new users are unimpressed with both support and UI after conducting their own Kraken inspection. Then again, this full analysis of Kraken also points out the fact that the exchange has a strong hold on the more experienced and high-level cryptocurrency traders.
They have no problems with high volumes of either cryptocurrencies and fiat currencies. Combined with low reasonable fees for most of the time , I can see how the cons pale in comparison to the Kraken advantages. Kraken is very intuitive and I find the support is also okay - but true, the downtimes are ridiculous.
Can't reach for hours and ave to place and order ten or twenty times, it's all matter of luck if you make a deal It's unbearable and not future-compatible. They should invest in a second server maybe? Indeed, i have head numerous complaints of Kraken going down during peak trading times. Unfortunately such interruptions can causes losses for traders. Good job posting your feedback about Kraken here for others to read.
I myself have had issues with the site not letting me do orders for 10 to 15 minutes. Sometimes it is as if Kraken's system just gets overloaded and cannot handle requests. Compare all that to sites like CEX or Coinbase and it's easy to understand why people expert traders still use Kraken. Sending and withdrawing crypto also works well and timely But the downtimes are so terrible. I can't see why there's no attempts at fixing this, obviously should be a boom year for cryptos.
THIS is a great way of making sure Kraken won't be a part of that when it could be a winner. I like Kraken for their market positioning????. The operation is located and headquartered in the USA, yet they have targeted both north american and European traders. And the best part is that I can trade with leverage margin trading on Kraken.
Not many other places offer such crypto instruments no I'm not using Poloniex???? Kraken currently does not allow Washington state residents to use their exchange because of stringent state regulations. I would like to know why the engine is struggling I have been using kraken for a few months but now it has become unusable.
They have also eliminated stop orders and things got even worse! How is that possible?? There is not a quick fix to this. The best option for now is to wait and try the order again. There is no way circumvent the current trading engine issues, they are affecting everybody. Thanks for your experience Pippo. We're seeing many reviews of kraken where users are encountering your reported issue and it's increasingly taking a toll on the exchange's reputation. For now, I've downgraded their rank and rating on the homepage top list of sites to trade btc and alts.
I will be following the situation. Could it be struggling because of front-end scaling issues? I say this because the Kraken API seems to work ok for making orders.
At least they are doing a good job compared to Poloniex, who's been offline for extended and repeated periods - and there's never any withdraw hassle on Kraken: Thumbs up to them.
Small mistake "Both the buyer and the seller are charged fees, with a buyer in a trade paying more than a seller. However, recently Kraken has removed some altcoin that used to pair with USD, which is a little bit bad; nevetheless, they had removed conditionals like stop-loss, take-profit, trailing, and so on.