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.

How to convert between cash currencies

Last updated: 31 сакавіка 2025 г.

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.

How to convert between cash currencies

Example

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