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

Last updated: January 20, 2026

This article is for clients using the Kraken (kraken.com).
If you are using Kraken Pro (pro.kraken.com) click here!

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 click the Transfer tab on the left-hand side, then the Withdraw button.

    Withdrawal
  2. 2

    Click the Asset dropdown, if you wish to withdraw a different currency than the one shown, you can use the search bar to find your preferred currency.

    Searching for assets
  3. 3

    Under the Method dropdown select a Cash withdrawal options.

    funding method
  4. 4

    Click Continue to add a new bank account This is the bank account you wish to withdraw your funds from Kraken to.

    Add a bank account
  5. 5

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

    Account Nickname: Can be whatever you like so you can easily remember this bank account. Add a descriptive nickname to this account to make it easier to find and withdraw from next time.

    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.

    Please refer to our frequently asked questions for more information about the different requirements.

    Bank account
  6. 6

    Request a withdrawal:

    - Once you have added your bank account, 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 to confirm the withdrawal.

To help your withdrawal go smoothly:

  • •

    Ensure that you are not withdrawing to a third-party payments processor, e.g. a company that provides payment-processing services to merchants and other business entities.

  • •

    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.

  • •

    Make sure you have checked the daily withdrawal limit of your asset.

Need more help?