It is indeed unbelievable that Kraken continues to associate with Etana Custody. To make a deposit, click on “Custody” and click on “Deposit” You will receive an email that gives you instructions on how you can deposit funds to ETANA … Please dm me your ticket number so I can look into this for you! Etana custody fees for deposits of $1,000 or higher are waived, but a bank wire transfer fee of $35 still applies. So all the information they have received, could be used for identity theft and illegal activities. I will update the outcome of this case, so other members are informed! My account showed the trade was closed on the mobile app where I had entered the closing order, but on Kraken.com it was still showing that I was using margin, and it was showing I had a trade still open with a moving p&l.. Whatever Kraken's reason for associating with an unlicensed and unregulated shell company that is beyond the reach of the law, there is no excuse for the irresponsibility of exposing their clients to Etana Custody as a funding option. This response by them only serves to further undermine confidence in their judgment. A widely quoted memo from Etana Custody states that its “client user … Now Kraken users can use its service to fund their Kraken account with any mentioned five global currencies. 8 0 /privacy self.privacy. Etana Custody, a custody firm that provides fiat funding services to the major cryptocurrency exchange Kraken, was reportedly breached on April 18.. You have convinced your customer, to use Etana**. The possibility of a broker “going dark” on you. Vanced microG. My previous high confidence in Kraken has been devastated by their continued association with Etana Custody. Wire transfers between the bank and Etana Custody Wallet are processed within 1-5 days. share. Related Articles. Do you keep the Reddit app installed or do you just use the desktop version. The goal is to provide a ‘safe space’ by acting as a mediator of sorts between various market participants. Their answer is that will investigate with their bank. EUR. Kraken’s resolution was to use their Signature Bank method with a $50K minimum or ETANA Custody, neither of which I am interested in using. Brandon Russell, CEO of Etana Custody In the modern globalized world money launderers and other criminal elements have come up with plenty of resourceful ways to cover their tracks. , New comments cannot be posted and votes cannot be cast, More posts from the KrakenSupport community, Support page for Kraken Digital Assets Exchange, Press J to jump to the feed. A $35 USD/EUR/GBP/CAD bank wire fee is charged for deposits and withdrawals between your bank account and Etana/Kraken Venture. Given the serious concerns I had about them, I have no done a proper review of all of their operations including of their staff globally and particularly in Eastern Europa. They have absolutely NO IDEA what they are doing. I've noticed they've changed their funding options numerous times. Overall Rating: (1.9 / 5) Etana Custody is a legit custodial service provider that enables Kraken users to deposit funds into their accounts. Yeah, you say that users are NOT OBLIGATED to use etana custody with kraken, but there is no other way to deposit fiat currency especially for non-US / non-UK users, I recently came across kraken and was very enthusiastic to deal with them, created my account and verified as an intermediate user, only to try to deposit into USD and the only option available for me is to use Etana Custody, with a link to take me there, I tried to search around the Kraken website, their Support and FAQs for any alternative or any other way to deposit fiat currency into my account, but nothing. My experiences with Etana Custody have been nothing short of disgraceful. Considering all the bad reviews I have seen online about Etana Custody, I am starting to wonder why Kraken would choose To partner with Etana. However, we are working very closely with Etana Custody on our clients' behalf to resolve any issues that might arise, just as we do with any of our banking partners. Users’ Funds Are Safe Following Reported Etana Custody Breach April 27, 2020 Etana Custody, a custody firm that provides fiat funding services to the major cryptocurrency exchange Kraken, was reportedly breached on April 18. There is a possibility that certain information of Etana’s clients was able to be viewed during the breach. I heard that you are accepting GPB now. I used to use Kraken as my Fiat-to-crypto on-ramp back when it was easier to use Revolut. If you have some time, here's a link about some nefarious issues with Etana: https://www.interest.co.nz/business/98363/resurrection-how-etana-custody-ltd-company-whose-ceo-major-shareholder-has-never-been. I have since moved on to use Bittrex and Coinbase to transfer fiat and invest in crypto currencies. Etana said the breach, which occurred on April 18, resulted in an unauthorized external party to access its client user interface. Although Fedwire/ACH is NOT available for deposits/withdrawals for International customers and only the other two options can be used. I contacted them but so far I did not get any explanation. Etana Custody provides custodian and risk management (compliance) services aimed at the retail forex segment of the capital markets. Whether you are looking to build your credit score, make a purchase that isn’t linked to your bank account, or simply don’t have cash at hand, there are dozens of good reasons why you may want to buy Bitcoin with a credit card. Despite an unauthorized party infiltrating Etana's system, a spokesperson from the company indicated to reporters that no client funds were impacted. Etana Custody Wallet allows users to exchange from one fiat currency to another. Before you can buy or trade cryptocurrencies on our platform, you'll need to deposit funds into your Kraken account.Below is an overview of deposit options and their minimums, fees and processing times for each currency. For a company with just one director who is 100% shareholder they are asking an org chart and corporate overview. Etana Custody firms offer cryptocurrency custody services to exchanges and institutions. For custody of digital assets, Etana's platform integrates a number of SOC-compliant sub-custodian wallet providers. To use these new options, first clients must create and verify an Etana Custody Wallet for holding funds. How can users avail this service? Kraken knows that Etana Custody is a NZ-based shell company, that is neither licensed nor regulated in NZ. Despite an unauthorized party infiltrating Etana’s system, a spokesperson from the company indicated to reporters that no client funds were impacted. Etana securely custodies your digital and traditional currency, allowing those assets instant access to the world’s best exchanges. I looked into their CEO and also into the due diligence staff. Brandon Russell, CEO of Etana Custody. View Entire Discussion (0 Comments) More posts from the privacy community. Usually, it is 2-4 days process. The response given by Kraken in bold-type that clients are "not obligated" to use Etana Custody is utterly ridiculous given that their association is tantamount to an endorsement. Without exception, there is not one single person that has a proper upstanding background and/or proper and/or even normal track record. Sort by. Etana Custody, a custody firm that provides fiat funding services to the major cryptocurrency exchange Kraken, was reportedly breached on April 18. Etana Custody firms offer cryptocurrency custody services to exchanges and institutions. My experiences with Etana Custody have been nothing short of disgraceful. Wow, I thought Kraken was more thorough with dd than they really are. The people have no idea what they are doing. Kraken Overview. Etana Custody provides custodian and risk management (compliance) services aimed at the retail forex segment of the capital markets. Close. While we can understand your concerns regarding the data breach, we have worked diligently with Etana for over a year to bring our clients the ability to fund their accounts with 5 major currencies internationally, where this was otherwise non-existent. First reported by The Block, the custodian was breached on April 18, but no official announcement was made. Crypto exchange giant Binance has partnered with Etana Custody to offer fiat gateway for 15 currencies as it continues its global expansion. Be the first to share what you think! Hackers Access Etana Custody Clients’ Details, Funds are Safe . I woke up and closed the trade. Etana Custody is not Headquartered in Auckland, New Zealand. I do not recommend! A widely quoted memo from Etana Custody states that its “client user … Please remember that although we are glad we can empower our clients with this funding option, you are not obligated to use Etana. To use the Etana Custody funding method, clients need to create a separate profile at Etana Custody that connects to their Kraken account for the purposes of wiring funds. best. Add a Comment. I transfer money from Kraken to Etana and that was ok. Then I requested to wire my money from Etana to my bank. Do not deal with them!! We advise clients to refer to Etana's statement on the incident for the most accurate and timely information: Etana Custody Security and Privacy Update. Kraken users with intermediate or pro account can transfer funds from their banks to Etana custody this process usually takes 1 to 5 days. Funds Safety. report. A free inside look at company reviews and salaries posted anonymously by employees. Important deposit information When you deposit directly with Pure Market your funds are protected up to $50,000 per claim for a total Insurance coverage of $500,000. An example for such financial service provider can be a RegTech Company called Etana Custody. Hello u/Tobzuz, I am sorry to hear about this delay! Log in or sign up to leave a comment Log In Sign Up. However, SEPA deposits through InCore Bank excludes traders from Iceland and Cyprus. it lasted a very long time - 10 days. https://www.interest.co.nz/business/98363/resurrection-how-etana-custody-ltd-company-whose-ceo-major-shareholder-has-never-been, New comments cannot be posted and votes cannot be cast, More posts from the KrakenSupport community, Support page for Kraken Digital Assets Exchange, Press J to jump to the feed. The security of Etana Custody, the crypto custody provider to Kraken, was breached last week putting the user data at risk. In Etana’s case, that would probably be RegTech. I may well leave Kraken myself if they continue to recklessly endorse Etana Custody by their continued association with Etana that is exposing their clients to a completely unprofessional custodial service. Tweet on Twitter. IS IT A SCAM or Not? In addition another company of which I am a director (with only one other) got approval from AFM (financial regulator) in the Netherlands. In fact, you cannot trust them with any of your data, as by their own admission there was a severe data leak in April 2020!! Share on Facebook . One of the world’s leading crypto exchanges, Binance, revealed a new partnership that has further paved the way for the addition of currencies of different countries. Etana, is unfortunately not very safe, as was proven by a recent hacking in which customers’ data was lost. Let’s first talk ... Fedwire/ACH, High-Limit or Etana Custody is how USD can be deposited, the same holds true for Withdrawals as far as U.S Citizen are concerned. Kraken you are also responsible. And to fulfill this demand, there are many cryptocurrency exchanges and brokers that are happy to provide this service. Kraken operates across the United States (with the exception of New York due to the BitLicense) and Canada, as well as in … I have now been waiting for several days and my account is yet to be verified. Home » Crypto » Hackers Access Etana Custody Clients’ Details, Funds are Safe. Thank you for reaching out. It does not make any sense. Etana Is your funding partner right**? The facility of fiat deposits in different currencies is made possible with a partnership with crypto and fiat custodian company Etana Custody. Having been head of credit management of the biggest bank in the world and I have been responsible for all of the capital markets of that bank in Europe, which was 60% of global trade. save. I really wish there was another way to fund fiat currency into my kraken account. They continue to support them. Similar issue, but on my case money not received. Why would Kraken partner with Etana? They got all the documents they asked for! Kraken ticket number of this case is 2717874. I can assure you that Etana is not a scam. It is important to remember that Etana Custody is an entirely separate, third-party fiat funding solution. Postponement! Etana Custody reported an unauthorized external party enter into their network and started accessing the client user interface. hide. Despite an unauthorized party infiltrating Etana’s system, a spokesperson from the company indicated to reporters that no client funds were impacted. No client assets or securities, including fiat or digital currencies were affected and no unauthorized withdrawals or transfers were made. - Transactions fees of Etana Custody on incoming deposits are: 0.5% and 20 USD bank fee - Transaction fees of Etana Custody for outgoing fiat transfers (withdrawals): 25 USD flat. We curate the latest breaking news and trends worldwide. Similar issue, but on my case money not received. Crypto exchange Binance rolls out fiat gateway for fifteen different fiat currencies. With each bad review I read about Etana custody, my trust and enthusiasm for both kraken and etana diminishes. I even am connected to the FIU (anti-fraud) in the Netherlands. It’s address is based at Innov8HQ Limited, Level 1, 123 Vogel Street, Dunedin, 9012 , New Zealand*. The possibility of having your profits withheld. Facebook Twitter Google+ LinkedIn Tumblr Pinterest Reddit Pocket. They have access to all accounts of Kraken, as Kraken has outsourced these fiat operations, being unable to handle them on their own. Gox, the Kraken platform assisted in processing claims. So I’m asking you! For a risk avoidance strategy, it can be as simple as that. Etana Custody has the worst KYC and AML procedures I have EVER seen. Cookies help us deliver our Services. I'm unhappy to hear about the £100 minimum. I still have no money in my account. Is Kraken Safe? Etana Custody? By using our Services or clicking I agree, you agree to our use of cookies. I cannot think of any more favourable background to any bank or financial institution. Etana Custody, a custody firm that provides fiat funding services to the major cryptocurrency exchange Kraken, was reportedly breached on April 18. “Etana Custody client user interface was accessed by an unauthorized external party. Etana Custody, a custody firm that provides fiat funding services to the major cryptocurrency exchange Kraken, was reportedly breached on April 18. Etana Custody is a custodial service that enables our clients to fund their Kraken accounts with 5 major currencies: USD, EUR, CAD, GBP, and JPY. I have been waiting for the transfer for over 10 days (etana->bank)! Do you have an open ticket with us so we can help you with this? The safe-keeping of private keys is of fundamental importance for every holder of cryptocurrencies such as Bitcoin and Ethereum, but also of other digital assets such as security tokens. But it cost me a lot of nerves - it was over $ 5,000. I was also a Director IFRS at KPMG. But like any exchange, It’s Not recommend To keep your coins on their. It is 13 days now and still waiting for the money. I have used Kraken for a number of years and continue to risk using them as I have built a trading system around their API, but I could not in good conscience recommend them to anyone as I have previously done. Reading this does not inspire trust for etana custody. 73% Upvoted. 1. Does anyone here have any knowledge or experience in the company Entana Custody? There are no fees for transactions between your Kraken and Etana accounts. Rather disappointed that the advertised currency conversion service is only offered if you deposit 100k or more. Due to the diverging needs of different investor types, choosing the right custody solution for your digital assets is crucial. Etana Custody, a custody firm that provides fiat funding services to the major cryptocurrency exchange Kraken, was reportedly breached on April 18. I am more concerned to learn about negative experiences with Etana, in terms of hassle and delays. When there are complaints, the company champions in the ability to NOT react or give any response. You can learn more about this funding method by navigating to our Etana Custody … According to the company, the security breach has not caused any damage to the user funds. I transfer money from Kraken to Etana and that was ok. Then I requested to wire my money from Etana to my bank. 2 talking about this. Euro deposits are free provided a trader is within the SEPA region and using either Fidor, Etana Custody, Bank Frick, or InCore Bank. STAY AWAY FROM THESE SCRUFFS!! Location services on de-Googled phone. My company has been registered since 1992 and even had security clearance from NATO. The people have no idea what they are doing. I don’t want to be forced to look for alternative exchange sites. 5. 1 Etana Custody reviews. On March 27, the Australian government passed a law designed to protect foreign exchange clients, closing a hazardous loophole that allowed brokerage companies to use client funds for operating capital or marketing campaigns, among other uses.Allowing brokers to use forex funds this way exposed clients to a higher risk of loss, … WHAT IS GOING ON? Etana Custody is a firm involved with Kraken in terms of funding the exchange with fiat currencies. Posted by 1 month ago. Those using SWIFT (Etana Custody) or FedWire (Etana Custody) enjoy $0.00 in fees for deposits not falling below $150. We value your expertise and experience, and we are very sorry to hear about your bad experience. Founded by Jesse Powell in 2011, Kraken is known for its low transaction fees, a wide range of features, and overall security. What Adguard Protocol Should I use?

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