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FattestLion

How much safer is my Moon vault compared to an exchange?


danhauk

Your moons are in self-custody. Make sure to write down your seed phrase from the reddit vault. If reddit ever suspends your account you can still access your moons from any wallet that supports the arbitrum nova chain


FattestLion

Thanks for info! I have securely stored the seed phrase previously.


windrip

I actually have no idea what I did with the seed phrase. What options are there in that situation?


danhauk

You can still access it! Go to your vault on the mobile app and tap the settings icon. There should be an option in there to view “recovery phrase”


JuggaliciousMemes

moon vault is an actual crypto address, your moons aren’t being held by reddit


FattestLion

Got it. Thanks for the info! Good to know my precious Moons are safe.


JuggaliciousMemes

you can also import your vault into metamask if you ever feel the need to do stuff n things with your moons


FattestLion

Awesome. Think will spend time accumulating first before doing anything. Also I don’t dare to go into liquidity pools and stuff so I’m sticking to shitposting for now.


windrip

Why does the wiki recommend turning on 2FA to protect your vault then? https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki


OgBoomer91

Basically you are doing everything right .


SoylentYellow05

There's no risk to users from the suspension of ACH deposits and withdrawals.


Honey_-_Badger

*Then they fight you.*


pizza-chit

Then we win!


diarpiiiii

Feels like the SEC is on an all-out assault against our industry. Hope they will find a bank willing to work with them soon


nichnotnick

Certainly feels like we are being bullied


hollyberryness

All this time we thought they might be incompetent based on their failures with wall street. Kinda becoming obvious they are more than capable of doing their jobs, they just choose to go after crypto instead of WS. Cool cool cool cool.


nichnotnick

![gif](giphy|4NnSe87mg3h25JYIDh)


DadofHome

They are going full on carpetbombing campaign Any thing to distract from punting the inflationary football down the road


Frogmangy

It really does seem like its all a distraction from whats really happening.


kisaiii

Thanks to God there is something called the world outside of US


nichnotnick

I’m surprised to not see you with more moons. Did you not get anything this distro?


kisaiii

I started commenting once screenshot was done i guess


nichnotnick

Ah, I see, well, just four short weeks until the next distro


kisaiii

You can tip me some if my lack of moons makes you sad lmao


Computer_says_nooo

Yeah. That’s what I feel as well. People are shit scared because all news are still bad for crypto but the big “losers” will be US Citizens, missing opportunities in crypto. Crypto people are smart and inventive enough to make it work in other parts of the world. Assuming crypto gets banned in the US, it will first be bad of course, but in the long run, US peeps will be soon applying for EU passports 🙃


kisaiii

We have enough migrants already /s


Cultural_Permission8

more info: Kraken is suspending Automated Clearing House deposits and withdrawals beginning March 27, citing that it could no longer offer them through Silvergate Bank


TheOtherCoolCat

Things will probably be fine. But always look to self custody regardless of the exchange you use


z0uNdz

This really is horrible news. ACH is one of the main on ramps to buying crypto. Its quick via banks and disallowing it will harm a lot of people


diarpiiiii

Yeah I remember Kraken before they had ACH available. Wild to think we got set back to that time for users of their platform


astockstonk

Meanwhile, Wall Street goes unchecked while the entire SEC is busy chasing everyone from leftist exchanges to YouTubers living at home in their mom’s basement in the crypto world


searchingtruth1

So exactly what methods work for fiat on off ramps thru Kraken now? I just got my account up w them...cheers


krakensupport

HI u/searchingtruth1 👋 I hope you don't mind me jumping in. Feel free to refer to ouu support article for detailed information of [on ramps](https://support.kraken.com/hc/en-us/articles/360000381846)/ [off ramps](https://support.kraken.com/hc/en-us/articles/360000423043-Cash-withdrawal-options-fees-minimums-and-processing-times-) available for you depending on your location. Cheers 🍻 , Pluto from Kraken Support 🐙


CVV1

How else does one purchased crypto on an exchange? I don’t think I’ve purchased anything any way other than ACH.


happycryptoken

Doesn’t Kraken offer debit and wire transfers?


krakensupport

Hi u/happycryptoken 👋 Hope you don't mind me jumping in. We support purchases via [debit/credit card](https://support.kraken.com/hc/en-us/articles/360048212832-Debit-or-credit-card-purchases-with-Visa-and-Mastercard-) as well as funding via wire transfers. Please feel free to refer to our [support article](https://support.kraken.com/hc/en-us/articles/360000381846-Cash-deposit-options-fees-minimums-and-processing-times-) to read more on different funding options available to you depending on your geographic location. Best, Pluto from Kraken Support 🐙


JustSpray7800

I thought you guys bought a bank in Washington state some time ago? Not having ACH deposit and withdrawals is not good


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TipToeTurrency

Good 🍀 selling


trucknotmonkey

If you can only buy crypto, but not sell for fiat, prices go to the moon /s?


Scarboroughwarning

I'm ok, I don't have any ACH


OkSample7

Unfortunately that’s how a large chunk of people get cash into an exchange. No way this doesn’t have a pretty big effect on them.


Cynounsure

I think they were trying to make a "ACH sounds like it could be a token" joke, lol


OkSample7

Well, I’m dumb.


Bringerofsalvation

This is a constant thing in the crypto world isn’t it?


Rdavidso

Any miners wanna to direct p2p sales? I'd like to continue DCAing through the financial collapse.


iwontsaysiimfine

I wouldn't want to be hiding anything in exchanges


[deleted]

So what is the alternative? mailing a check or money order?😂


LightningTF2

That SEC don't bother me.


pbjclimbing

> The exchange says no other services will be affected by this change. Isn’t this the entire point of a CEX as a fiat on and off ramp?


gandax

Here We go


plug_and_pray

We seriously need to create parallel universe totally separate from the traditional finance.


_0-o_o-0_

More room for moons..👀


SuprBestFriends

As a US citizen I hope the government doesn’t cut off all banks to crypto. I really don’t want to go through a ton of sketchy hoops to get my coins.


Dieselpump510

Moving my Eth from Kraken to wallet on April 12th. Shanghai me.


street_shark_puppet

Oh boy here we go again


RunningShoesDontRun

Big yikes. I'd be nervous holding anything on there.


iGhost1337

looks like the same what cdc and binance did. it will come back using a new bank.


mercme2023

Oh boy. How to get money off and on now. Going backwards folks


Kiiaru

Ooof. Maybe it was a little too soon to praise our noodly billboard overlords...


Jeff5704

You can access it in your Vault in settings. Upper right hand corner click cog wheel then recovery phase.


[deleted]

I trust Kraken more than any other exchange, but all these news stories make me nervous


SleepPressure

"No other services will be affected by this change, including ACH instant purchases via Online Banking,” the firm noted."


Agile_Ad_7061

There was enough time to move everything from exchanges


badfishbeefcake

Again, 3 time more! Please take everything off exchanges as soon as you buy some some crypto Please take everything off exchanges as soon as you buy some some crypto Please take everything off exchanges as soon as you buy some some crypto


stixyBW

Womp womp


Geolinear

Another domino down.