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  1. #1
    TravG's Avatar
    TravG is offline Private Member
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    Default Whats Up with Kraken - BTC

    I have had a Kraken account for sometime now and have made withdraws many times. All of the sudden since last Friday every withdraw I have made results in a failure. Is anyone else experiencing this? I have quite a bit of money in my wallet and cant get a dime out.

    What is another good Bitcoin exchange/Wallet where you can withdraw funds to a USA bank account?

    Thanks
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  2. #2
    MichaelCorfman's Avatar
    MichaelCorfman is offline GPWA Executive Director
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    I use Kraken, and have never had any problems, but also have not performed any transactions in the last few days (I generally wait and withdraw funds once a month near the end of the month after receiving all of the bitcoin payments I am going to receive for prior month earnings). There are two parts to the process:

    1) Converting bitcoins to U.S. Dollars held in my Kraken U.S. Dollar account.
    2) Withdrawing U.S. Dollars in my Kraken U.S. Dollar account to my bank account.

    Which of these steps has been an issue for you? Early-on, there were some delays that I viewed as reasonable, and not problems because of the first time going into the target bank account.

    Michael
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  4. #3
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    I used Kraken last Friday to withdraw via SEPA to a EuroZone account.
    Happened overnight at a cost of 9 euro cents.

    Using SWIFT to send USD to New Zealand cost $15, and took a week.

  5. The Following User Says Thank You to TheGooner For This Useful Post:

    -Shay- (15 May 2017)

  6. #4
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    I have withdrawn without any problems also, took 48 hours for a sepa account

  7. #5
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    I enjoy Kraken rum, I currently use coinbase to move BTC around, and fee's to wire out are a bit high. Is Kraken a less expensive solution.
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  8. #6
    TravG's Avatar
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    I usually do not have any problem either. For some reason once I sell my BTC it wont let me withdraw it to my bank account. I opened an account at Coinbase and withdrew no problem, but the fees are quite high. Kraken is definitely less expensive.
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