Required Legal Notice: Virtual currencies, real risks. The only guarantee in crypto is risk. Read more

Required Legal Notice: Virtual currencies, real risks. The only guarantee in crypto is risk. Warning: The value of your virtual currencies can rise or fall sharply, and your initial investment may be lost completely; virtual currencies are not covered by the guarantee funds that cover bank deposits; there is no legal mechanism on the virtual currencies market to prevent market manipulation or insider dealing; virtual currencies depend entirely on a specific computer technology and infrastructure, which in certain cases may be very recent and not yet adequately tested; if one loses the identification code or password giving access to the virtual wallet in which the virtual currency is stored, the currency held therein will be irretrievably lost; virtual currencies are currently accepted as a means of payment to a limited extent, and in most countries there is no legal obligation to accept them; for more information about the risks associated with an investment in virtual currencies, we advise you to read the Wikifin page What is a cryptocurrency? | Wikifin.

Cryptocurrency withdrawal statuses

Last updated: 6 чэрвеня 2025 г.

Withdrawals for cryptocurrencies are labelled with a status to inform you of the stage of processing they are in.

This article refers to the Kraken Classic interface. Which Kraken interface am I on?

Below is a list of these withdrawal statuses and what they mean:

Status	Meaning	Action to take
Initiated	The withdrawal has been requested and our system is performing internal checks. Takes up to 10 minutes.	None.
Pending	Internal checks are complete, withdrawal transaction is sent to payment gateway for processing. Takes up to 10 minutes.	None.
Sending	Withdrawal transaction has been broadcasted to the respective digital assets network and is waiting for a blockchain confirmation.	None.
Success	The withdrawal has received one confirmation on its respective digital assets network.	None.
On hold	The withdrawal has been held and has to be manually checked by our support staff.	Contact Support. We may also reach out to you.
Failed	The withdrawal has failed.	To see the failure reason click on the withdrawal ID and check the "Error" field.

Note: To request a withdrawal cancellation click the grey `X` next to the withdrawal. A withdrawal cancellation can only be requested while on “Initiated” and “Pending” status. A cancellation request while on pending status is not guaranteed to cancel the withdrawal.

How long do cryptocurrency withdrawals take?

This depends on the above processes at Kraken as well as the number of blockchain confirmations required by the destination you're sending your withdrawal to.

Cryptocurrency withdrawal statuses

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