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Kraken Sucks

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Indigo Ocean
@indigoocean
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2 min read

I don't do this much at all, and have never done it on HIVE to my recall, but I simply have to state this after half a day simply trying to log into my Kraken account so that I could deposit some more DOT for staking there.

Kraken sucks!

After hours going around in circles to try to log in, I finally got in with a one time passcode which requires you change your password in order to be able to get in again after logging out. But then it wouldn't recognize my current password to allow me to set a new one!

Again, this is after it took hours working with support to even be able to get in that way.

So when I got the email from support saying they were closing the case, I decided to cut my losses (time and frustration wise) and simply unstake my existing DOT there and transfer it somewhere else. I will never need to log into that account again now. Eventually there will be someplace else I can stake DOT. For now, I'd rather just know I have reliable access to what I already bought.

Frustrating Week

In general I would have to say this has been a frustrating week in crypto. I'm not even talking about the decreased dollar value of assets. Denominated in BTC I've actually gained during this pullback, so all good. No, I mean the stunning time sinks trying to just make the shit work!

Ridiculous ETH fees and wait times, as a transaction is put through at a given gwei for "fast" only to see that become "slow" before it is processed, and so left hanging until next day. Meanwhile the coins I was intending to buy once the ETH was in place, double in price.

Or trying to buy in a certain app that only ever lets me buy with one of my credit cards, but that bank disallowing the transaction and not calling to confirm it all day. Meanwhile again watching the price of the intended coin go down to my desired buy level, the come back up again.

Etc., etc., etc.

You know the drill.

It's great being this early in the crypto world, because the gains we will see by the time this is actually ready to be public facing will be amazing. But let's be real: right now it is definitely NOT ready for primetime. This is one frustrating industry to function in.

Anyway, I've now removed one source of irritation from my life, Kraken. Beyond that, I think I'll take a break over the weekend and just let it all go on without me.

Image source

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(All text and images (except the AT logo) are by the author, unless otherwise credited. This is original content, created expressly for HIVE.)

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