KRAKEN FAIL - Kraken Halts Bitcoin Withdrawals
I am in North America and I stay up all night trading cryptos. Kraken starts to get slow around 7am EST because of all the people on the east coast waking up and logging into their accounts.
Today however things came to a grinding halt at 5am EST. I got the we are halting withdrawls message which has never happened to me in all the time I have been using Kraken.
Of course when I try to refresh 7/10 times the site doesn’t even load.
I hope Kraken and other exchanges see this and build out their infrastructure to give their customers a better experience.
Otherwise this is the first time I have ever had a problem with Kraken.
/Ethan
UPDATE: 0700 Eastern Time
Kraken won't even load for me now....was gonna take profits but I guess I just have to Let IT Ride!
KRAKEN: PLZ FIX YUR SYSTEM!
THX
UPDATE: 0900 Eastern Time
Site completely down...can't even login.
It's OK though...I didn't really want that $2000 in profit that has now disappeared because I couldn't trade my ETC for Bitcoin.
Going to bed.
UPDATE: 1400 Eastern Time
Went to bed, woke up, Kraken still hasn't got their SHT together yet.
Bitcoin withdrawal's still disabled
F*K KRAKEN and all their mothers too.
Not a good sign. Could be the beginning of the end for Kraken. That would be ironic, since Kraken is where the Mt Gox claims were being handled.
UGH I hope not. Kraken is probably the best managed exchange in North America. This makes me want to look into the those BlockChain based exchanges...
Personally, I would recommend moving your crypto to a paper wallet, and only keep enough on the exchange to day trade if you want.
Yes of course, that's what I do for my "do not touch until retirement" Bitcoins. I just have my risk capital in Kraken.
I just logged in and traded at Kraken. A little slow, but I had no trouble placing trades. Not ready to withdraw yet, so I can't report on it.
All of the exchanges are experiencing higher than usual traffic, even Coinbase. So, try not to panic whenever one gets glitchy. Kraken's pretty reliable.
Hey ethancaine, thanks for sharing! I want to focus especially on newcomers but also on people that are very active. My plan is to build up a community with active users to support each other and creating a curation trail. Looking forward to curating more effectively, would you be interested? Upvoted and following, greetings Lena!
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