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Comment by mus1cfl0w | Hacker News Reader

Kraken is one of the safest choices IMHO. I automated my trading via a script:

https://github.com/elsesiy/crypto-trader

For those reading this, Kraken does not (and has no intention too), of buying the NY BitLicense. I had to close my account with them as my address was registered in NY.

Also not able to use them if you live in the state of Washington.

I want able to find on their site which states they do support so you might want to email them first before setting up an account you can't use.

They are having serious capacity issues at the moment. Recently they have disabled creation of advanced orders. That was the last straw for me. Their UIs have been slow and clunky for as long as I've been using them (2 months). Opening a margin position is sometimes a problem, because their margin pool is empty, and there is no way to know that until you try to open a position, so you end up spending time manually bruteforcing what is the most margin you can get.

They have not been hacked. That's the only thing going for them, as far as I'm concerned.

I think not being hacked is a major plus in the space of crypto currencies. Which exchange (with a solid API, US law compliant) would you suggest instead?

This is very interesting. Does it work? How much do you invest to have a (positive) return?

oh, the script just executes a buying strategy that avoids short term fluctuations. It's not a profit-making strategy.

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