Bitcoin / Bitcoins / Crypto Currency

I've heard they were a little unreliable lately so wouldn't go trading with them, if you just want to buy and hold move it to your own wallet

For one moment I thought I had strayed onto the rum appreciation page.!

Kraken is 'okay' the webpages often crash and you'll have to log back in and don't even try to use that app, its absolutely rubbish.

In terms of trading, I had to move BTC into my account as they only support two american banks for wire transfer which was a pain.

Kraken

Pros:

• good value if in EU (usually best to use SEPA to transfer € as £ transfer costs are high and buying in £ has an insane spread)
  
• honest / unhacked to date
  
• margin trading
  
  

Cons:

• actually trading is 100% unreliable. Apparently it is being upgraded.
  
• no advanced trading functions anymore - ie stoploss, etc.
  
  

Basically if you are in the UK and you just want to buy and hold a currency and are happy to wait if the system is down then it's good. If you want to trade you should be aware that your orders may not be executed and if an order fails and you try again there's a risk it will be executed twice.

Avoid