The 2 main Kraken deposit and withdrawal methods are fiat and cryptocurrencies. Traders can fund their accounts via SWIFT, PayPal, SEPA, ACH, etc. in 8 different fiat currencies (including, USD, EUR, GBP, AUD, CAD, and more).
Overview of the Kraken Payment and Payout Methods
The Kraken exchange provides fast and secure payments through various options. These methods allow traders to easily fund their account, trade cryptocurrencies, and cash out form this exchange.
Kraken deposit and withdrawal methods:
- Fiat transactions
- Crypto payments
Kraken Fiat Payments
The Kraken exchange provides secure cash payments and payouts via 8 different currencies. Kraken fiat payment details:
Supported Currencies | Payment Provider | Minimum Funding Amount | Minimum Payout Amount |
USD | ACH (Plaid) FedWire Cubix SWIFT | From $1 | From $1 |
EUR | SEPA PayPal SWIFT iDeal | From €1 | From €1 |
CAD | Interac SWIFT Domestic Wire Transfer In-person Cash or Debit | From 4 CAD | From 15 CAD |
AUD | Bank Transfer/Osko PayPal Real Time Gross Statement SWIFT | From 1 AUD | From 5 AUD |
GBP | FPS PayPal SWIFT | From 1 GBP | From 1 GBP |
CHF | SIC SWIFT | From 1 CHF | From 2 CHF |
YEN | SWIFT | 15000 Yen | 15000 Yen |
BRL | PIX | 50 BRL | 50 BRL |
The variety of these payment methods with low minimum requirements make fiat payments a popular option in this exchange.
Kraken Cryptocurrency Payments
Traders can send over 200 cryptocurrencies to the Kraken exchange. The platform supports a wide range of blockchain networks for seamless deposits. Transactions are processed quickly, allowing users to start trading with minimal delay.
Kraken crypto deposit and withdrawal details:
Cryptocurrencies | Supported Blockchains | Minimum Top-up Amount | Minimum Cash-Out Amount |
Tether (USDT) | Arbitrum One Avalanche C-Chain ERC20 Optimism TRC20 Polygon Solana The Open Network Unichain | - | $4 $5 $0.80748 $2.5 $6 $2.5 $0.96984 $2.5 $2.5 |
Circle USD (USDC) | Arbitrum One Avalanche C-Chain Base ERC20 Optimism Polygon Solana Sui | - | $4 $5 $2.5 $0.81828 $2.5 $2 $0.97008 $1.8 |
Ethereum (ETH) | ERC20 Arbitrum Nova Arbitrum One Base Linea Optimism Polygon Unichain zkSync Era | - | From 0.000192 ETH |
Bitcoin (BTC) | Bitcoin | - | 0.000212 BTC |
Litecoin (LTC) | Litecoin | - | 0.01 LTC |
Solana (SOL) | Solana | - | 0.011 SOL |
Ripple (XRP) | Ripple | - | 12.05 XRP |
Binance Coin (BNB) | BSC | - | 0.01 BNB |
Tron (TRX) | TRC20 | - | 20 TRX |
Doge Coin (Doge) | Doge coin | - | 50 Doge |
If you are interested in funding your account using the Kraken ERC20 deposit method, check our detailed tutorials.
Kraken Payment and Payout Costs
While Kraken provides fee-free deposits, traders must pay the transaction costs to receive funds via cryptocurrencies or fiat. Kraken Transaction Fees:
Payment method or Currency | Supported Chain or Payment Provider | Deposit Fee | Withdrawal Fee |
USDT | TRC20 ERC20 Solana | Free | $4 $0.6729 $0.8082 |
USDC | Arbitrum One ERC20 Solana | Free | $2 $0.6819 $2 |
ETH | ERC20 Arbitrum One Optimism | Free | 0.0016 ETH 0.00015 ETH 0.00015 ETH |
BTC | Bitcoin | Free | 0.00001 BTC |
XRP | Ripple | Free | 0.05 XRP |
USD | SWIFT ACH | Free | $35 Free |
EUR | SEPA SWIFT | Free | 1 EUR 5 EUR |
GBP | SWIFT | Free | 13 GBP |
AUD | SWIFT Interac | Free | 35 CAD 10 CAD |
Crypto assets generally have cheaper transaction costs making them more ideal for many traders.
Traders should also know that payouts only become available when they’ve completed Kraken verification process.
What are the Transaction Processing times in Kraken?
Kraken has fast processing times for both of the funding and payout options mentioned earlier. Processing times can vary depending on the method and currency used.
Network conditions and banking hours may also influence how quickly transactions are completed.
Kraken deposit and withdrawal time:
Currency | Funding Time | Payout Time |
USD | Ranges between near-instant to 5 days | Ranges between instant to 5 days |
EUR | Ranges between near-instant to 5 days | Ranges between near-instant to 5 days |
CAD | Ranges between 30 minutes to 5 days | Ranges between 10 minutes to 5 days |
AUD | Ranges between near-instant to 5 days | Ranges between near-instant to 5 days |
GBP | Ranges between near-instant to 5 days | Ranges between near-instant to 5 days |
CHF | Ranges between same day to 5 days | Ranges between same day to 5 days |
YEN | 2-5 business days | 3-5 business days |
BRL | Near-instant | Near-instant |
TF Expert Suggestion
From the available Kraken deposit and withdrawal methods, cryptocurrencies (over 200 supported coins and tokens) are the most convenient due to their security, speed and low-cost payouts (under $1 fee for USDT).
If you are interested in funding your account with the Kraken TRC20 deposit method, we suggest checking the Kraken tutorial page.
