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Kraken is such a superior exchange I always wonder why people use Coinbase.

by lawn 6y ago

martinko 6y ago
Are you kidding me? Kraken is down/laggy even more than coinbase (still think its the best choice for converting fiat to and from btc in europe, but come on :))
2bluesc 6y ago
Another vote for Kraken. I discovered https://cryptowat.ch https://cryptowat.ch and thought it was the most polished and feature rich trading UI I had seen for crypto. I later learned this is a Kraken project that works with any exchanges and that they use mostly the same UI for their trade UI. After poking around the UI I was convinced they cared about UI/UX and their fees seemed better and I made the jump. Haven't looked back to Coinbase since.
- beaner 6y ago
  Cryptowatch is the only decent part of kraken and that's because they acquired it from an independent developer. The rest of their website is horrid.
  - agumonkey 6y ago
    It's almost funny how un-advanced trading platforms are. Nobody cares because those who manage to get rich on it can live with the limitations, those who get burn simply leave.
  - 2bluesc 6y ago
    Didn't know this, makes sense. Least the UI still seems pretty nice almost 4 years later and not ruined by other non "decent" parts. For those curious: https://www.coindesk.com/kraken-acquires-digital-currency-data-portal-cryptowatch https://www.coindesk.com/kraken-acquires-digital-currency-da...
- 2bluesc 6y ago
  Also I think it's admirable that the cryptwat.ch web page is mostly free and ready to use (+ features for some fees) and no where above the fold are they promoting Kraken to funnel users in. Looks like they just want to make a solid trade UI. In my case I had to know who was behind the tools (I always look for conflict of interest in finance) and fell in love and made the leap. They even post an actual _comprehensive_ changelog. How often does this happen? Usually it's some product marketing framed blog post. https://docs.cryptowat.ch/home/updates/changelog https://docs.cryptowat.ch/home/updates/changelog
beaner 6y ago
You can't be serious. Their product still looks like Bootstrap after 6 years. It's complicated and ugly.
Taylor_OD 6y ago
Crypto is already a "scary"* area for a lot of people so going with the largest brand name exchange possible makes them feel less scared. *scared to put money in something they don't understand
seibelj 6y ago
Use poloniex!
- BitwiseFool 6y ago
  You can not if you are an American. It's a shame.
ipnon 6y ago
Kraken is also intermittently down https://status.kraken.com/ https://status.kraken.com/
coachtrotz 6y ago
Kraken does not support users in New York as well as some other states.
- meowster 6y ago
  I think it should be considered the other way around: that New York doesn't support cryptocurrencies, not the other way around. I'm sure Kraken would like the trading fees from New York residents, just not the hoops that New York has put in place for Kraken to jump through.

Kraken is such a superior exchange I always wonder why people use Coinbase.

by lawn 6y ago

Kraken is such a superior exchange I always wonder why people use Coinbase.

Are you kidding me? Kraken is down/laggy even more than coinbase (still think its the best choice for converting fiat to and from btc in europe, but come on :))

2bluesc 6y ago

Another vote for Kraken. I discovered https://cryptowat.ch https://cryptowat.ch and thought it was the most polished and feature rich trading UI I had seen for crypto. I later learned this is a Kraken project that works with any exchanges and that they use mostly the same UI for their trade UI. After poking around the UI I was convinced they cared about UI/UX and their fees seemed better and I made the jump. Haven't looked back to Coinbase since.

beaner 6y ago
Cryptowatch is the only decent part of kraken and that's because they acquired it from an independent developer. The rest of their website is horrid.
- agumonkey 6y ago
  It's almost funny how un-advanced trading platforms are. Nobody cares because those who manage to get rich on it can live with the limitations, those who get burn simply leave.
- 2bluesc 6y ago
  Didn't know this, makes sense. Least the UI still seems pretty nice almost 4 years later and not ruined by other non "decent" parts. For those curious: https://www.coindesk.com/kraken-acquires-digital-currency-data-portal-cryptowatch https://www.coindesk.com/kraken-acquires-digital-currency-da...
2bluesc 6y ago
Also I think it's admirable that the cryptwat.ch web page is mostly free and ready to use (+ features for some fees) and no where above the fold are they promoting Kraken to funnel users in. Looks like they just want to make a solid trade UI. In my case I had to know who was behind the tools (I always look for conflict of interest in finance) and fell in love and made the leap. They even post an actual _comprehensive_ changelog. How often does this happen? Usually it's some product marketing framed blog post. https://docs.cryptowat.ch/home/updates/changelog https://docs.cryptowat.ch/home/updates/changelog

beaner 6y ago

You can't be serious. Their product still looks like Bootstrap after 6 years. It's complicated and ugly.

Taylor_OD 6y ago

Crypto is already a "scary"* area for a lot of people so going with the largest brand name exchange possible makes them feel less scared. *scared to put money in something they don't understand

seibelj 6y ago

Use poloniex!

BitwiseFool 6y ago
You can not if you are an American. It's a shame.

ipnon 6y ago

Kraken is also intermittently down https://status.kraken.com/ https://status.kraken.com/

coachtrotz 6y ago

Kraken does not support users in New York as well as some other states.

meowster 6y ago
I think it should be considered the other way around: that New York doesn't support cryptocurrencies, not the other way around. I'm sure Kraken would like the trading fees from New York residents, just not the hoops that New York has put in place for Kraken to jump through.