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.

Generating new deposit addresses on Kraken Classic

Last updated: March 31, 2025

This article is for clients using the Kraken Classic interface (kraken.com)

Which Kraken interface am I on?

To generate a cryptocurrency deposit address on Kraken Classic, follow the instructions below:

  1. 1

    Sign in to your Kraken account.

  2. 2

    Navigate to Funding.

    142.png
  3. 3

    Click the Deposit button.

    143.png
  4. 4

    Search the currency you wish to deposit and click on it.

    144.gif
  5. 5

    Click the button that says

    Generate deposit address

    .

    145.png
  6. 6

    Wait a few seconds and a new deposit address will be available.

    146.png

    The generated cryptocurrency address can be selected and used to deposit to your Kraken account.

    You can also view a QR code to easily scan the deposit address into a mobile wallet.

There are no limits to how many times you can use a deposit address, but generating more than five* deposit addresses for the same cryptocurrency will result in older deposit addresses expiring. Also keep in mind if you try to generate more than five deposit addresses, when all five are still marked as New Address, then it will result in the Too Many Addresses error.

*Note: Only one address for ERC-20 cryptocurrencies can be generated.

Related articles:

  • •

    Generating a new deposit address on the Kraken interface 

  • •

    Generating new a deposit address on the Kraken Pro interface 

Need more help?