Is Kraken as safe as Coinbase?

TimtheEnchanter

TimtheEnchanter

I am thinking of moving over to Kraken. Any info will be liked and appreciated! I find Coinbase buy mechanism unfriendly to a small guy. It is ok if you want to buy a whole BTC at a lower level (say $18000) but if you try to structure a trade for "piker" money it is very hard, to calculate the bid level and place orders.
How would I calculate a $100 BTC purchase at BTC 18000/USD?
 
Trader Curt said:
Just enter those digits on a limit trade and it will tell you below how much Bitcoin you will get
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Coinbase pro I cannot just enter the dollar amount, the satoshi amount somehow needs to matcha lower BTC/USD. If I want to buy a $100 at the level of $18000/USD I cannot seem to work the interface.
EDIT: OK I figured it out! Coinbase pro, you deposit say $500. Cannot just use a part of it for a buy. You enter your level - say $18000/USD and your whole $500-minus fee, takes. There is no way (according to my observation) to allocate only part of the deposit. There is no way to edit your order either!
 
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Kraken is no better, I submitted my driver's license and a facial picture and they rejected it! I seemed to have aged since the driver's license was taken. What a joke! I cannot spend too much time with this, so Krake is out!
 
  • Why not just buy $100 worth of Bitcoin through Coinbase?
  • Forget about trying to get in at a specific price - just buy NOW.
  • Volatility will take care of the commission and the bid/ask spread.
 
OptionsOptionsOptions said:
  • Why not just buy $100 worth of Bitcoin through Coinbase?
  • Forget about trying to get in at a specific price - just buy NOW.
  • Volatility will take care of the commission and the bid/ask spread.
More...
I was going to buy at 17,xxx just a few days ago had I known about pro.coinbase.com
I am not using coinbase anymore. I was looking into Kraken and coinbase pro. Kraken has some issues like a lack of ACH to fund. But Kraken is WAY CHEAPER and more sophisticated.
 
I think Kraken is safer than Coinbase. Go listen to some of the podcasts of their head of security, he seems really switched on.

With Coinbase, we never hear much about their security proceedures.
 
Mt. Gox claimed they were safe too.
Never hold coins long term at brokerage.
Just working capital for trading.
Always transfer to your private wallet.
 
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