In Australia, Beaufort Fiduciaries Pty Ltd (ACN 162 139 871, AFSL No. 545124) provides wholesale clients with access to derivatives where the underlying assets are digital assets. Derivatives are complex, regulated financial products that are difficult to understand and may not be suitable for inexperienced investors. For eligibility, terms and conditions click here. Krak Pay is offered by Bit Trade Australia Pty Ltd (ACN 163 237 634), Authorised Representative of Flexewallet Pty Ltd (AFSL 448066). This information is general in nature and does not take into account your personal objectives, financial situation or needs. You should consider whether it is appropriate for you and read the relevant disclosure documents before making any decision.

How to withdraw funds from your Kraken account on Kraken Classic

Last updated: March 13, 2026

This article is for clients using the Kraken Classic interface.

Which Kraken interface am I on?

Withdrawal hold

Certain deposits, such as first time ACH purchases, debit or credit card purchases or digital wallet purchases will trigger a temporary (72 hour) withdrawal hold on the account, for security purposes. For enhanced security, debit and credit card purchases using USD may experience the 72 hour lock discussed above on all purchases, not just your first purchase.

Withdrawal instructions:

  1. 1

    Sign in to your Kraken account and navigate to the Funding tab.

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  2. 2

    Click Withdraw and use the Search bar to find your preferred currency.

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  3. 3

    Select a Funding Provider from the drop-down menu. If you are only shown one option, you can skip this step and continue with step 4.

  4. 4

    Add a new bank account.

    - Click on Continue.

    - Fill in your bank account details (all fields are mandatory) and click on Add bank account.

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    - Description can be whatever you like so you can easily remember this bank account. This description must be unique, not used on any other withdrawal method in your Kraken account.

    - Name on account is the bank account holder name, which must match the verified name or entity on this Kraken account. For some funding providers, the name field will automatically populate when adding a bank account. If any changes to the name are required please submit a support request here. - Please refer to our frequently asked questions for more information about the different requirements.

  5. 5

    Request a withdrawal.

    - Repeat steps 1, 2 and 3.

    - Scroll to the bottom of the page, and select the bank account from the drop-down menu.

    - Enter the amount you wish to withdraw and click on Review Withdrawal.

    - Do not use punctuations or currency symbols (use 1000 instead of €1,000).

    - Check that the details are correct and click Withdraw USD to confirm the withdrawal.

  6. 6

    To help your withdrawal go smoothly:

    - Ensure that you are not withdrawing to a third-party payments processor.

    - Check that your bank or financial institution meets the requirements of your selected Funding Provider.

    - Only use a bank account under your control, where the name matches the verified name or entity on your Kraken account.

Related articles:

For mobile app withdrawal instructions follow the guides linked below:

Need more help?