ETHEUR
Ethereum / Euro
crypto Composite

I'm sharing my worst experience with kraken so far, and I'm looking for a new exchange.

I opened my r/kraken account around 1-2 weeks ago, completed the kyc, completed the AML form, deposited money from a bank account (under my own name), converted part of it to ETH and then made a few trades.
A few days later I deposited more money (again from the same bank account), bought the assets I wanted and then started withdrawing to my cold wallet.
The first withdrawal went through without issue, the second one (it was to the same ethereum address) was suddenly blocked without any reason. I then received an email saying they would contact me "as soon as possible", then, obviously, nothing.
For 7 days, despite opening a ticket and contacting kraken through social media (where my post on r/krakensupport was even removed) I received no useful or substantive information about either the reason for the restriction or how long the review could take. The only thing support said and repeated was "a specialist will contact you as soon as possible", yet nobody did. Meanwhile the app was showing an estimated specialist response time of around 9 minutes.
This morning kraken finally contacted me (after 8 days), not to resolve the problem but to tell me that my account is being closed without any meaningful reason. I was given 10 days to withdraw the remaining funds, except crypto withdrawals were no longer available, the only option offered was withdrawing fiat back to my bank account. That means I was forced to sell the crypto I had purchased, but the best part comes now, kraken converter charges 1% to convert from crypto to fiat, so I basically lost 100$ on top of the trading costs and losses associated with closing the position.
If you're using kraken mainly to buy crypto and move it into self-custody, be aware that this can happen even after a previous withdrawal to the same wallet has already been completed successfully.
p.s. There was nothing unusual about the source of funds.
\- KYC had been completed
\- The AML/source-of-funds form and various questions had been completed
\- All fiat deposits came by bank transfer (SEPA) from my own bank, under my own name, the same used to create and complete kyc on kraken
\- Source of funds verifiable
\- The ethereum adddress was my own wallet where kraken had already successfully processed a withdrawal (they saved that address too and they made me verify the wallet to ensure it was mine)
\- The existing funds on that wallet were traceable to platforms such as bybit and revolut ramp, with ordinary swaps performed over time. I never used mixers nor services intended to obscure transaction history

Yeah totally! His company been loading up on ETH for what, 60+ weeks consecutively? But yeah F that guy
/s

What? The value of the blockchain's native currency would not effect the cost of tokenization expect for the transaction cost to validators. When you create an NFT on ethereum it is not pegged to value of ETH, as an example.

Hey guys. I was tired of paywalled tools like CoinGlass or Token Terminal, so I spent the last 2 months building a lightweight desktop app that tracks on-chain whale movements and market sentiment.
It's 100% free, open-source, and runs locally on your machine. No API keys needed.
\*\*What it does:\*\*
\- Tracks top 100 whale wallets in real-time (ETH, BSC, Polygon).
\- Aggregates social sentiment from Twitter/X and Reddit using a lightweight LSTM model.
\- Minimal RAM usage (<50MB).
I just released v5.2. You can check the source code or download the compiled binary here: [https://github.com/SaraCrypto11111/ai-crypto-analyzer](https://github.com/SaraCrypto11111/ai-crypto-analyzer)
Since I don't have a $300/year Code Signing Certificate, Windows SmartScreen might flag the .exe. Just click "More Info" -> "Run Anyway". It's a false positive.
Would love some beta testers and feedback. Let me know what you think!

If you look at the current landscape ETH is the primary settlement layer for pretty much everything and most high-speed execution happens on L2s.

Running ETH Validators using Starlink internet?

Listen, all I know is I invested 12k in ETH nine years ago and as of today I'm up $281 so SUCK IT LOSERS, IM RICH

Filter is on for this particular asset trade history. I checked T212 documentation and there was mentioned only FX fee 0.15%. Of course there is also spread, and $/€ price changes involved, and I understand I may take some loss also there. Added a screenshot with BTC and ETH trades, where profit shows as it actually is. Here also I filtered these 2 assets.
https://preview.redd.it/xkdak6r5axmh1.png?width=1152&format=png&auto=webp&s=1a24efc7a5d6bd512bd7dcdb1b14eaf7b68770fa

I sent you some. People are correct though and most wallets these days have a swap built in so you can easily swap for ETH or just about any token.

I sold all my ETH, I'm personally looking to buy in October the earliest.

Jump onto the Hoodi testnet to test it out, if you consider running 0x02 validators!
0x02 CSM provides operators a permissionless, efficient path to run 0x02 validators with a MaxEB of up to 2,048 ETH within Lido CSM. Key features include:
* Bond: 32 ETH for the first key and 30 ETH for subsequent keys
* Est. Capital Efficiency: A strong capital multiplier of up to \~2.26x (vs solo), even better than ICS over 32 ETH bonds.
To run 0x02 validators using CSM, create a new operator and select the 0x02 path through the same interface.
[https://csm.testnet.fi/](https://csm.testnet.fi/)

The only thing ETH has going for it is that I just sold all of mine after homing for six years

Does Fidelity have institutional custody for XRP, FLR, XLM, XDC, QNT?
I know you have that for BTC and ETH, I am not interested in those.

@ Defi\_dad
According to Defillama, ETH or WETH are traded in roughly 61.2% of total DEX trade volume on Robinhood Chain (an Eth L2), $31.6B of $51.6B in all-time recorded volume.

Don’t let KOLs lie to you.

ETH is the money at the center of new DeFi economies built on Ethereum L1 and L2s.

The apr you see is basically meaningless on its own, whats matters is fee apr minus impermanent loss, and the ui never shows the IL. on a v3 ETH/USDC range you earn while price stays in range and nothing when it leaves, and if ETH runs you just end up holding more USDC and less ETH. for actual history check revert finance, it models fees vs IL on v3 instead of the fantasy apr. and if youre scared of losing a big chunk, a volatile pair isnt it, stablecoin pools maybe better

ETH fud of the day: RobinHood chain is bearish bc they don't pay enough to settle on Ethereum
This is narrow-minded imho, the L1 fight is for settlement and so store of value. Revenue is for businesses

Strategy bought $370M BTC while BitMine bought $130M ETH. Different bets?

Coinbase is fine for starting small, especially if you want something simple, but watch the fees and use the advanced trade option if available. Kraken is also worth checking out, usually decent fees and no huge minimums. Start with a small amount, stick to BTC/ETH at first, and don't leave more on the exchange than you're comfortable losing access to.

Ai reports:
As for how they made it, it’s heavily skewed toward patient macro-allocators rather than day traders:
​The HODLers: The vast majority are early adopters who bought BTC/ETH years ago and sat on their hands.
They didn't need to be trading geniuses; macro time-preference did the work. When they finally liquidated to buy prime UK property or de-risk, the sheer percentage gain on a tiny initial buy-in pushed them straight into the millionaire bracket.
​The Traders: A smaller subset consists of active operators and DeFi participants. Fun fact under UK tax law: crypto-to-crypto swaps are counted as disposals triggering Capital Gains Tax. Heavy day trading actually creates a massive, messy paper trail that makes compliance a nightmare and flags you for audits much faster.
​The era of treating crypto as an untraceable black box is essentially closed. Converting those gains into the real economy leaves an institutional footprint that automated tax engines catch effortlessly.

I'd take what Tom Lee says about ETH with a grain of salt. But ETH might not actually do too badly this cycle. It's been beaten down so bad that it might surprise everyone.