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.

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.

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.

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 convert between cash currencies

Last updated: March 31, 2025

Cash currencies are directly interchangeable on Kraken for clients based outside of the United States.

However, you can trade your cash currency for a common cryptocurrency (like BTC, ETH or MATIC) and then trade that cryptocurrency for a different cash currency.

Note:

•
All trades in a cash-to-crypto-to-cash transaction will be charged trading fees on every step of the way.
•
The market rate of going from cash-to-crypto-to-cash will depend on the liquidity and activity of each trading pair at the time and might not match market rates seen on FOREX markets.

Tip: generally, Bitcoin (BTC) and Ethereum (ETH) are the most liquid cryptocurrencies.

Example

If you want to convert USD to CAD:

1
Buy Bitcoin (BTC) using your USD.
2
Sell Bitcoin (BTC) for CAD.

Other common cryptocurrencies between USD and CAD:

•
Ethereum (ETH)
•
Polygon (MATIC)

Refer to the table of Cash-to-Crypto Pairs to find common cryptocurrencies for other cash currencies.

•
Bitcoin (BTC) and Ethereum (ETH) will work for all cash currencies.

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