Kraken.com good to cash out bitcoins?

[happyjohn]

Hello,

Any update on kraken.com in regards to cashout BTC to EURO ?

How does it work, is it possible get verified and transfered the money by SEPA or simple Wire transfer to a EURO account?

 

[JohnLocke]

I just opened and verified an Kraken account on TIER 3 - I'm transfering BTC to the account at the moment and will withdraw them to EUR personal account. Let's see how this is going.

 

[JohnLocke]

Just a quick update:
2000 euro withdrawn by SEPA transfer, was executed and on my bank account within 3 hours. Awesome service

 

[KJK]

Just a quick update:
2000 euro withdrawn by SEPA transfer, was executed and on my bank account within 3 hours. Awesome service

Did you have the same bank they use (Fidor)? Or have transfers just become so quick in general?

 

[JohnLocke]

It is a different bank in a different country. I don't know why that's so fast but I have seen this before with other services and banks.

 

[countryfree]

I used to be a very satisfied Kraken customer. Too bad I can't use them anymore as they only send money to banks in SEPA countries.

 

[KJK]

I think if you are US citizen, they can send you USD. Same if you are Canadian citizen, they can send you CAD.
If you live in the SEPA area, they will only allow you to recieve SEPA transfers. Some months ago they wrote they are working on a solution but nothing seems to have happened and I think they may have more serious problems now.

 

[JohnLocke]

happened and I think they may have more serious problems now.

please elaborate? what problems do they have?

 

[countryfree]

I'm not aware of any problem with Kraken. They don't allow transfers to any of the countries where I'm banking, but I'm still using them to trade, and they offer great service.

 

[negon]

So you guys say this is a stable platform to use?

 

[extremedox101]

So you guys say this is a stable platform to use?

yes i read very good reviews about kraken ,sometime you can encounter delays and issues with transfers . but rarely anybody report them for theft .

i opened account there this year .

 

[Min Park]

Just a quick update:
2000 euro withdrawn by SEPA transfer, was executed and on my bank account within 3 hours. Awesome service

From what EMI/Bank you send from?

Thank you

 

[JohnLocke]

From what EMI/Bank you send from?

Thank you

I send from kraken to my local bank account.. awesome service.

 

[happyjohn]

Thank you all for feedback. I use kraken for my BTC trading into FIAT - fast approval and ultra fast bank transfers

 

[KJK]

please elaborate? what problems do they have?

They will not admit it publicly but their earnings are dropping, there were significant layoffs (in their "secret" Canada office which they operate under a different name). Also they may be under official investigation for their offering of the USDT/USD pair and allowing wash trading on the exchange.

I don't expect them to go bust or do an exit scam, their platform is quite good and not as slow as it used to be.

However (with regard to countryfree's first comment) they have other problems they need to solve first - and until those are resolved, they probably won't add international SWIFT withdrawals (especially in USD) for all countries. SEPA works fine, as well as crypto withdrawals.

 

[clemens]

kraken.com is great to convert crypro to EURO and transfer the money to a local bank account. It has been the best solution for me ever.

 

[veronica23andrews]

Kraken has aleays been a good and a reliable option. It has an easy verification process and speedy transaction processing.

 

[dirtyharry]

I have been using Kraken for a long time. From fisrt step everything went very smooth.

 

[happyjohn]

Using kraken for more than a year with no issues at all. They are the perfect platform for me to trade cryptos and especially BTC and eTH which are the main currencies I use. The only time my bank reached out to me to ask why I received payments from kraken was back 8 months, after I told them this is simple investment backed up by my certified accountent I never heard anything again.

 

[Spinat]

kraken.com has also been working for me for both altcoins as well as bitcoins, easy to trade hundred of altcoins and also to exchange crypto to fiat or fiat to crypto.