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

Last updated: August 8, 2025

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

Which Kraken interface am I on?

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

  1. 1

    Sign in to your Kraken account and click the Deposit button.

  2. 2

    The first dropdown will be pre populated with your available crypto. If you wish to generate a deposit address for different crypto, than the one shown, search for the currency you want to deposit and click on it.

  3. 3

    Click the button that says Generate deposit address.

  4. 4

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

If you already have the maximum of five deposit addresses, and all are marked as New Address, it is not possible to generate any more addresses. This will result in the Too Many Addresses error.

Related articles:

Need more help?