Users Demand Recurring Buys on Kraken Pro | Missing Feature Stirs Debate
Edited By
Marko Petrovic
A wave of feedback is hitting Kraken Pro as users question why recurring buys are absent on the platform. With options available on the regular app, many believe this feature could streamline crypto purchasing, but concerns over fee structures loom large.
Context of the Controversy
Recent discussions on user boards reveal that several people are eager for the recurring buy feature on Kraken Pro. These users argue that while it exists on the regular app, the Pro version’s economy benefits from not implementing it due to transaction fees. One user commented,
"I’d be happy to switch to Kraken for recurring buys if they were on Pro."
Users Weigh In
The sentiment surrounding this issue showcases a blend of frustration and potential business strategies. Here are the main observations from user comments:
Fee-Driven Decisions: Many suggest that Kraken's reluctance ties back to wanting to generate revenue from additional fees, especially on recurring purchases.
Alternatives Offered: A few users mentioned alternatives, like using tools that operate on the Kraken API for market-making and dollar-cost averaging (DCA) strategies, with one user saying it yields better profits than their DIY bots.
Subscription Concerns: Some users are concerned about needing a Kraken subscription for premium features, sparking debate about whether this will drive users away.
Insightful Quotes
The discussions revealed conflicting views:
"I’m guessing they want those extra fees on the recurring buys or for you to subscribe to Kraken +."
"Not sure if you mean recurring buys as in DCA or market making"
Key Takeaways
🔍 User Interest: Many are looking for an easier way to buy crypto regularly.
💰 Revenue Concerns: Kraken may prioritize fees over flexibility in service offerings.
⚙️ Alternative Tools: Users are exploring third-party tools for automated trading solutions.
The ongoing dialogue reflects a critical point for Kraken's user experience strategy. As the demand for features grows, will Kraken adapt to keep its competitive edge?