Quote from: Rannasha on February 27, 2014, 07:48:53 AM

Quote from: enmarinas on February 27, 2014, 07:14:05 AM

First of all, I want to congratulate Dargo for beeing always answering all the request from customers.

My experience so far with Kraken has been mixed and not long enough to have a solid opinion...

2 SEPA Deposits:

1st test deposit came in in 2.5 days which is a bit long for SEPA but nothing to worry about.
2nd deposit, its been already 6 days and not arrived yet, although Im aware of the problem with thier bank API

But what made me register and write here is that I wanted to test how to buy and sell cryptos so I tried to do a small operation, selling 5000 DOGE into EUROS (4 euros aprox) at market price so it would be made instantly. My surprise was that after waiting for a while nothing happened.
Checked the Orders tab to find out it was cancelled by Kraken and the reason was "Market price protection"..... Huh

I always thought that one of the main reasons for Crypto currencies to exist was that there was nobody regulating them, no governments, no banks, etc.... If now Kraken decides when we can buy or sell and which price is ok for us to do it, then Kraken is regulating Cryptos...

I would appreciate if Dargo explains the official Kraken opinion on this.

Regards

Since I'm just another Kraken user, this isn't the official Kraken opinion you may be looking for: The market price protection system prevents market orders from being executed when they would shift the price too much. This happens easily in markets with a very thin orderbook. There is a very simple way to circumvent the MPP: Simply place a limit order for a very extreme price. A limit order with a price that is far beyond the market price will behave just like a market order and pick up the best counter-orders until it has been filled. But the MPP system doesn't trigger for limit orders.

There's also an explanation of this in our FAQ:

https://www.kraken.com/help/faq#market-price-protection