Kraken Frustration | Users Rate Alternatives Amid Delays
Discontent is brewing among users of the cryptocurrency exchange Kraken, with many complaining about considerable delays in transferring Monero (XMR) to other wallets. Reports indicate that Kraken holds XMR up to ten days despite users expressing urgent needs for quicker transactions. As of April 2025, the search for more efficient alternatives is gaining momentum.
Kraken users are at their wits' end over the platform's withdrawal policies, particularly for XMR. "Kraken holds my XMR for ten days before I can send... Not acceptable," shared one frustrated user, highlighting the growing demand for faster options. Another user in the community enquired, "If I pay directly from bank account, can I spend right away?" This conversation has sparked a search for answers among users seeking alternatives.
In response to ongoing frustrations, options are emerging within the crypto community. Users are sharing strategies like purchasing Bitcoin (BTC) on CashApp, then swapping it for Monero on platforms like Cake Wallet as a workaround. This method appears to appeal to those with mobile access looking for immediate solutions. Peers are pushing for p2p exchanges, and platforms like RetoSwap are seeing a spike in popularity as users lean towards peer-to-peer trading to sidestep Kraken’s delays.
"I can't wait around for my own money," echoed another community member, reflecting their urgent need for swift transactions. The growing sentiment in online forums emphasizes dissatisfaction with Kraken, yet some defend it as a reliable option amid chaos. Nevertheless, users are exploring numerous alternatives in a bid to avoid the frustrations associated with Kraken.
The Community's Call for Action
As dissatisfaction mounts, many user discussions center around three key themes:
Frustration with Kraken's delays.
The search for effective buying options, including queries about buying XMR directly on Cake.
An increasing focus on peer-to-peer trading methods, which are becoming mainstream as users seek quicker means of acquisition.
The emphasis on problem-solving is evident as individuals come together to discuss the best methods and platforms. While some remain hopeful about Kraken, many are eagerly examining alternatives to meet their needs faster and with less hassle.
Key Observations
🌪️ Frustration over waiting periods is rampant, with many calling it unacceptable.
🔄 Peer-to-peer trading platforms like RetoSwap are gaining traction as alternatives.
🤝 Users are increasingly exploring methods like purchasing BTC for quicker swaps to XMR.
As conversations evolve, the community's commitment to discovering solutions remains at the forefront. With alternative platforms gaining momentum, it’s likely that users will continue to seek new ways to transact efficiently.
Stay tuned as this story continues to develop!