RE: Nearly 40 Hours Later and the Kraken Exchange is Still Down - No ETA, No Need To Panic, All Right To Be Angry

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Nearly 40 Hours Later and the Kraken Exchange is Still Down - No ETA, No Need To Panic, All Right To Be Angry

in trading •  7 years ago 

It's actually good sense to prevent withdraws and deposits during the first day. If something goes wrong those are the areas most prone to causing money loss, so you want to prove the system is stable in the live environment before turning that on.

Trading has been going smoothly for me so far, though traffic doesn't seem too extreme right now. We'll see what happens in the next big movement in the market.

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  ·  7 years ago (edited)

I see your point, but I disagree. Keep in mind, all I want to do is use the LTC wallet. Kraken has not stoped deposits, as I can create new addresses for sending funds to the exchange. However, the withdrawal feature is still down.

If their services are up to scale to handle trading, then certainly the wallet feature would be reliable. After-all the wallet is part of the true decentralized ledger, and not as dependent on their centralized servers.

I do not have a fiat account linked, and fund and withdrawal only in crypto.

Thanks again for the coverage, and sorry I missed the live stream. It is good to hear the trades are running smooth.