Post
Topic
Board Exchanges
Re: [ANN] KRAKEN.COM - Exchange Now Open with Live Trading EUR, BTC, LTC
by
Herp
on 09/09/2013, 09:11:09 UTC
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.

I now see their websites says:

Quote
We offer the following deposit options:

    Bitcoin Deposit
    Litcoin Deposit
    SEPA Deposit (EUR only)
    Bank Wire Transfer (EUR only)
    Other deposit options (including USD deposits) coming soon.

So I guess USD deposits  are coming but no ETA on that. No mention of other currencies.

Actually, you can wire us USD (and just about anything else) to our EUR account but it'll be converted to EUR and you'll be credited with EUR, and when you withdraw we'll send out EUR.  So, you may lose some on the exchange rate back and forth.  We'll eventually offer a number of other reserve currencies so you won't be forced to do the conversion and trade in EUR.

Nice. Won't hurt to specify that though. No way for customers to know. Most EURO accounts can't covert USD or other currencies automatically upon transfer. Few banks offer such option.