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VIPSr. MemberActivity: 302Merit: 253 [ANN] KRAKEN.COM - Exchange with USD EUR GBP JPY CAD BTC LTC XRP NMC XDG STR ETH September 09, 2013, 03:53:28 AM

Last edit: August 07, 2015, 01:08:31 PM by btcx Merited by redsn0w (2), OgNasty (1) #1 Im happy to announce that today, after 4 months of public testing, Kraken is moving on from beta. Live trading is now open and available. I hope you enjoy the service.





Pairs available to trade:

XBT/USD

XBT/EUR

XBT/XRP

USD/XRP

EUR/XRP

USD/XVN

EUR/XVN

XBT/XVN

XBT/LTC

LTC/USD

LTC/EUR

LTC/XRP

XBT/NMC

NMC/USD

NMC/EUR

NMC/XRP

KRW/XRP

LTC/KRW

NMC/KRW

XBT/KRW

EUR/XDG

LTC/XDG

NMC/XDG

USD/XDG

XBT/XDG

ETH/XBT

ETH/USD

ETH/EUR

ETH/GBP

ETH/JPY

ETH/CAD







Services that appeared in Beta that are not available at launch:

GBP pairs

Margin trading



If all goes according to plan (





Customer service:

I like to follow Tony Hsiehs advice to under-promise and over-deliver. Weve had a few thousand users in beta for a few months and we think weve got most of the kinks worked out but we didnt have to deal with funding and KYC in beta either. It is our intent to make this a relatively quiet launch and slow rollout in order to give ourselves time to scale our staff according to our service demands. If youre among the first, youre among the brave and we appreciate your patience and help in getting us started. For that, we offer you discounted trading fees, and love, of courseat least during the first month





Communication channels:

site: https://support.kraken.com

email:

Twitter: @KrakenFX

Facebook: https://www.facebook.com/KrakenFX

Reddit: http://www.reddit.com/r/Kraken

Bitcointalk: Dargo, klausbl





Bug Bounty continues:

At this point, were only paying for security problems but we appreciate any bug reports. More on the bug bounty: https://www.kraken.com/security/bug-bounty





Regulatory situation:

Our business is compliance, and we have this exchange we sometimes work on in our spare time. Payward has led the charge in the formation of





Bank situation:

Youd think once youve got full written clearance from regulators that banks would just open you up an account but it aint so. Turns out banks are extremely concerned about reputational risk and skittish about touching anything remotely related to Bitcoin. It took months and months of globetrotting and dead ends to find even one bank that would work with us. Now weve got a few but there is always the chance that one or all of them will arbitrarily close our accounts. That said, weve got good relationships, our banks know exactly what were doing and were operating legally wherever were operating.





Jurisdictions serviced at launch:

In most US states, including California and New York, we offer no services. In some US states we offer Digital Currency <-> Digital Currency trading. In fewer US states we offer DC <-> National Currency trading.



In most of the world we offer both DC<->DC trading and DC<->NC trading. In no part of the world do we offer NC<->NC trading. There are a few countries, including Germany, that have shown a particular interest in DC recently where we have opted not to operate until we have explicit regulatory clearance.

Some countries deemed high AML risk, including Afghanistan and Iran, are not serviced whatsoever at this time. We recognize that many countries with the highest risk ratings are among those who would see the greatest benefit from currency choice but we have to pick our battles.



Upon registration, your confirmation email will inform you of the services available to you at this time.





Getting verified:

The law requires we know who you are and where you are. Lube upthis is going to be no different than opening a bank account. If youre looking to launder money anonymously, I hear World of Warcraft has no AML/KYC requirements.



Tier 0  you can poke around but you cant deposit, withdraw or make any trades.

Tier 1  you can deposit, withdraw and trade in digital currency only.

Tier 2  you can deposit, withdraw and trade in both digital currency and national currency.

Tier 3  like Tier 2 but with higher funding limits. (may take a few days to process)

Tier 4  like Tier 3 but with even higher funding limits.



Processing  your verification information is being reviewed. Processing may be delayed for any of the following reasons: IP address and stated jurisdiction mismatch, user under minimum age requirement, unable to verify name, unable to verify address, unable to read document scans/photos, unable to verify notarization.



Verified  youve passed verification and your account is functioning at the highest Verified tier.



Pre-Verified  youve passed verification but your account activity is limited to a lower tier pending regulatory approval in your jurisdiction. For example, if you live in California, you may be Pre-Verified to Tier 3 but your account will be functioning at Tier 0 until we have clearance for CA, at which time your account will be automatically upgraded to Verified Tier 3.





Other stuff:

All beta accounts have been wiped and users will be required to register new accounts.

If youve been using the API, you will need to switch over from api.beta.kraken.com to api.kraken.com.





Questions?

Post 'em if you got 'em.



Sign up for an account at XBT/USDXBT/EURXBT/XRPUSD/XRPEUR/XRPUSD/XVNEUR/XVNXBT/XVNXBT/LTCLTC/USDLTC/EURLTC/XRPXBT/NMCNMC/USDNMC/EURNMC/XRPKRW/XRPLTC/KRWNMC/KRWXBT/KRWEUR/XDGLTC/XDGNMC/XDGUSD/XDGXBT/XDGETH/XBTETH/USDETH/EURETH/GBPETH/JPYETH/CADGBP pairsMargin tradingIf all goes according to plan ( as usual ), well reintroduce these services within 1 month.I like to follow Tony Hsiehs advice to under-promise and over-deliver. Weve had a few thousand users in beta for a few months and we think weve got most of the kinks worked out but we didnt have to deal with funding and KYC in beta either. It is our intent to make this a relatively quiet launch and slow rollout in order to give ourselves time to scale our staff according to our service demands. If youre among the first, youre among the brave and we appreciate your patience and help in getting us started. For that, we offer you discounted trading fees, and love, of courseat least during the first monthsite: https://support.kraken.comemail: support@kraken.com Twitter: @KrakenFXFacebook: https://www.facebook.com/KrakenFXReddit: http://www.reddit.com/r/KrakenBitcointalk: btcx At this point, were only paying for security problems but we appreciate any bug reports. More on the bug bounty: https://www.kraken.com/security/bug-bountyOur business is compliance, and we have this exchange we sometimes work on in our spare time. Payward has led the charge in the formation of DATA and we are committed to operating only where we can operate legally. As a consumer, you may find this inconvenient and as a business it does put us at an immediate competitive disadvantage. The industry has, unfortunately, seen where shortcuts take us and our long view is that the only way out is through.Youd think once youve got full written clearance from regulators that banks would just open you up an account but it aint so. Turns out banks are extremely concerned about reputational risk and skittish about touching anything remotely related to Bitcoin. It took months and months of globetrotting and dead ends to find even one bank that would work with us. Now weve got a few but there is always the chance that one or all of them will arbitrarily close our accounts. That said, weve got good relationships, our banks know exactly what were doing and were operating legally wherever were operating.In most US states, including California and New York, we offer no services. In some US states we offer Digital Currency Digital Currency trading. In fewer US states we offer DC National Currency trading.In most of the world we offer both DCDC trading and DCNC trading. In no part of the world do we offer NCNC trading. There are a few countries, including Germany, that have shown a particular interest in DC recently where we have opted not to operate until we have explicit regulatory clearance.Some countries deemed high AML risk, including Afghanistan and Iran, are not serviced whatsoever at this time. We recognize that many countries with the highest risk ratings are among those who would see the greatest benefit from currency choice but we have to pick our battles.Upon registration, your confirmation email will inform you of the services available to you at this time.The law requires we know who you are and where you are. Lube upthis is going to be no different than opening a bank account. If youre looking to launder money anonymously, I hear World of Warcraft has no AML/KYC requirements.Tier 0  you can poke around but you cant deposit, withdraw or make any trades.Tier 1  you can deposit, withdraw and trade in digital currency only.Tier 2  you can deposit, withdraw and trade in both digital currency and national currency.Tier 3  like Tier 2 but with higher funding limits. (may take a few days to process)Tier 4  like Tier 3 but with even higher funding limits. your verification information is being reviewed. Processing may be delayed for any of the following reasons: IP address and stated jurisdiction mismatch, user under minimum age requirement, unable to verify name, unable to verify address, unable to read document scans/photos, unable to verify notarization. youve passed verification and your account is functioning at the highest Verified tier. youve passed verification but your account activity is limited to a lower tier pending regulatory approval in your jurisdiction. For example, if you live in California, you may be Pre-Verified to Tier 3 but your account will be functioning at Tier 0 until we have clearance for CA, at which time your account will be automatically upgraded to Verified Tier 3.All beta accounts have been wiped and users will be required to register new accounts.If youve been using the API, you will need to switch over from api.beta.kraken.com to api.kraken.com.Post 'em if you got 'em.Sign up for an account at https://kraken.com Bitcoin, Ethereum, Litecoin, Namecoin, Dogecoin, Ripple, Stellar, US dollar, euro, British pound, Canadian dollar and Japanese yen exchange: https://www.kraken.com