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Minimum order size on Kraken

Comments

  • Registered Users Posts: 9,062 ✭✭✭ Kenny Logins


    You can in theory, but exchanges will impose these lower limits to prevent them clogging up their servers.


  • Registered Users Posts: 88 ✭✭✭ crytoadvice


    You can in theory, but exchanges will impose these lower limits to prevent them clogging up their servers.

    Are the limits similar on all exchanges or do they differ widely


  • Registered Users Posts: 6,026 ✭✭✭ grindle


    Are the limits similar on all exchanges or do they differ widely

    The reasoning behind this is to stop the rampant manipulation going on where tons of tiny sell and buy orders get placed before sell walls and after buy walls in order to slow any possible movement in either direction down.

    Kraken and Gdax were the first to implement those kinds of changes & I'd hope for it or expect it from the more responsible exchanges.
    Smaller, more questionable exchanges don't give a toss about that kind of action as they're still earning fees and don't have the same commitment to customer service that the larger exchanges have.


  • Registered Users Posts: 88 ✭✭✭ crytoadvice


    grindle wrote: »
    The reasoning behind this is to stop the rampant manipulation going on where tons of tiny sell and buy orders get placed before sell walls and after buy walls in order to slow any possible movement in either direction down.

    Kraken and Gdax were the first to implement those kinds of changes & I'd hope for it or expect it from the more responsible exchanges.
    Smaller, more questionable exchanges don't give a toss about that kind of action as they're still earning fees and don't have the same commitment to customer service that the larger exchanges have.
    Thanks , I wasnt aware of that.

    Ive attached a screenshot of the minimum amount of Euros needed to place an order for the coins on Kraken that are paired with the Euro


  • Registered Users Posts: 4,655 ✭✭✭ makeorbrake


    Thanks , I wasnt aware of that.

    Ive attached a screenshot of the minimum amount of Euros needed to place an order for the coins on Kraken that are paired with the Euro
    Why in the name of God would you want to place orders below those minimums?
    Are you doing an accumulator? :D


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  • Moderators, Society & Culture Moderators Posts: 25,535 Mod ✭✭✭✭ Dades


    Why in the name of God would you want to place orders below those minimums?
    Are you doing an accumulator? :D
    Probably for the same reason people put 2 and 3 euro sports bets on.

    For many this is a just flutter like gambling - which is what it is!


  • Registered Users Posts: 88 ✭✭✭ crytoadvice


    Why in the name of God would you want to place orders below those minimums?
    Are you doing an accumulator? :D

    To check that everything is working correctly before Investing Larger amounts. Given the problems at coinbase atm I think its better to test the exchanges with min amounts first(the smaller the better).


  • Registered Users Posts: 6,026 ✭✭✭ grindle


    Given the problems at coinbase atm I think its better to test the exchanges with min amounts first(the smaller the better).

    Turns out it was a Visa problem, not a Coinbase problem.


  • Registered Users Posts: 88 ✭✭✭ crytoadvice


    These are the updated minimum orders for Kraken since they added currency pairs
    https://blog.kraken.com/post/1494/


  • Registered Users Posts: 6,026 ✭✭✭ grindle


    XLM is ferociously high!

    What's going on there?


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  • Registered Users Posts: 88 ✭✭✭ crytoadvice


    grindle wrote: »
    XLM is ferociously high!

    What's going on there?

    Im going by the minimum volumes given here. it says 300 for xlm. When i input a buy order of 300 xlm it gives 97.49euro at the current market price.
    Maybe im reading the info wrong

    https://support.kraken.com/hc/en-us/articles/205893708-What-is-the-minimum-order-size-


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