Getting payed to Kraken address with MiCA

Stablecoins are more popular and supported on many Revolut-like banks. No need for transfer fees. We can exchange directly to fiat.
Storj is supported on very few big exchanges, like Kraken.

This statement is inaccurate. All mayor exchanges plus many more local ones serving many different countries, including direct exchange to local currencies, have listed STORJ token. You can find the list of exchanges here.

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To anyone that didn’t click or want to visit the link :down_arrow:

There are 130 markets listed. This includes CEX/DEX. This does not seem like a few exchanges/markets.

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Even if it is supported, liquidity can be bad.
I had to wait repeatedly hours before a sell order got executed. Not nice when the price drops.

That’s not liquidity being bad: that’s you picking a price so high it took hours to find anyone who was willing to pay it :squinting_face_with_tongue:

Poor liquidity is when small buy/sells causes large price movements.

So trying to sell at current market prices is too high?

What I am talking about is exactly what liquidity means:

Liquidity is the term used in finance to refer to how easy it is to convert an asset to cash and not affect its market price.

If you have to discount heavily on the market price to be able to sell the STORJ you have received it is getting even worse. It means the market is not liquid at all.

There is no problem in selling USDT or USDC immediately. Selling STORJ took hours.

If you sold at current market price, you would sell immediately. When you place a sell order… you’re choosing not to sell at current market price… and hoping that a future market price eventually raises high enough to hit yours.

That’s fine, people bet on higher future prices all the time. But if they have to wait for the market to hit an-imaginary-price-in-their-head (or perhaps never reach that price at all), it’s not a liquidity issue. Like, I could wait a very long time trying to sell Microsoft stock for $1mil each… that’s not a liquidity problem :money_mouth_face:

It would be nice if Storj could offer a stablecoin payout one day though. But right now they can’t afford it.

There are exactly 2 options offered: 1. Sell immediately. 2. Enter a price and sell at specific target price.

And no, I did not choose option 2.

That’s why you should always use a hardware wallet. Just for storj and small amounts this would be too expensive, so there are lots of legit “soft” Wallets out there, just don’t install shady plugins into your browser, and sign shady smart contracts. Not your key not your money.

That’s right, and I also struggle with this. In my case I have a small buffer of around 1 or 2 payouts saved on my wallet (to sell in case of a new crypto bullrun). So when payouts are coming I send the estimated amount and sell it beforehand. Best case, when storj pays, its ±0.

I think this is preferred by lots of people, but that’s “Fighting windmills.”

I don’t want to present this like an ad or something… I was looking for alternatives to Kraken and the biggest 24h trading volume Storj/Euro is on Bitvavo. Is the first time I hear about them. Reading through FAQ, I understand that it dosen’t require proof of funds for deposits and withdrawls under 25000€/24h, crypto and fiat included. There are no fees for euro withdrawls to a bank account, also.
So it seems a very good option for Storj payments. Does anyone has expirience with them?

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Bitvavo obtains MiCA licence from the Dutch Authority for the Financial Markets (AFM)

So whatever is required under MiCa regulation they will have to adhere to that. If required they will have to implement it. So the question is, if the current limits will remain for the future.

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Still requires unreasonably insecure KYC. :person_shrugging:

Is this the official and only Storj Inc wallet from were you pay us monthly?

0x303EDCD8DbE1607fe512D45CC15d3E41fa4db44B

Can’t you whitelist it on exchanges or add it to some public list?
Is there a public list of wallets and their owners for business wallets, to be easily refferenced to any MiCA and Co. licensed exchanges and authorithies?
I tryed to contact Kraken support and send them some proof/screenshot that this wallet belongs to Storj Inc., but I can’t find it anywere on the storj.io or storj.dev sites.