How to deposit USD, EUR, GBP and AUD to Kraken with PayPal
Withdrawal hold
While funds are immediately available for trading, deposits in EUR, GBP and AUD made through PayPal will trigger a 72-hour withdrawal hold on the deposited funds.
PayPal is an online payment system that supports online currency transfers. With PayPal you can securely deposit funds from your PayPal account to Kraken to make funding your account simple.
To use PayPal you must meet the following requirements:
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Verification level: your Kraken account must be verified as an Intermediate or Pro level account.
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You will be required to have a PayPal account.
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The name on your PayPal account must match the name on your Kraken account.
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PayPal is available to clients residing in the United Kingdom, the European Economic Area (excluding Hungary and Croatia), and Australia.
To fund your account with PayPal via the Kraken app:
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Open the Kraken app and tap the Action icon in the bottom of the navigation bar.
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Select Deposit.
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Search for the currency you wish to deposit (EUR, GBP or AUD) and select it.
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If you have not yet connected your PayPal account to Kraken you will be redirected to sign into your PayPal account.
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On your PayPal account click Save and Continue to connect your account to Kraken.
Once you have connected your PayPal account to Kraken you will be able to select it as a deposit method. - 6
On the Deposit Method screen select PayPal and enter the amount you wish to deposit.
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Review the deposit information and Swipe to deposit.
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That’s it! You have successfully deposited funds to your Kraken account with PayPal.
To fund your account with PayPal via Kraken.com:
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On the homepage of your account, click the Deposit button.
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Select a cash currency in the Asset dropdown.
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Under Deposit Method select PayPal.
If you have not yet connected your PayPal account to Kraken, click Connect PayPal. - 4
You will be redirected to sign into your PayPal account. On your PayPal account click Save and Continue to connect your account to Kraken.
Once you have connected your PayPal account to Kraken you will be able to select it as a deposit method.
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Back on Kraken, enter the amount you wish to deposit and click Deposit.
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Confirm your deposit: review the deposit information and click Confirm deposit to continue.
As a reminder: For enhanced security, you won't be able to withdraw this deposit for three days.
Processing times for PayPal are near-instant. Once credited to your account, deposits are available instantly for trading and will be available to withdraw after 72 hours. Please note that the 72 hour withdrawal hold on withdrawals will apply to any assets in cash or cryptocurrency, equal to the deposited amount. The withdrawal hold does not apply to trading.
Fees will vary dependent on your region and are displayed on the final confirmation page.
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USD - 7,000 USD weekly rolling limit. Minimum 1 USD.
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EUR - 7,000 EUR weekly rolling limit. Minimum 1 EUR.
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GBP - 7,000 GBP weekly rolling limit. Minimum 1 GBP.
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AUD - 14,000 AUD weekly rolling limit. Minimum 1 AUD.
To change the PayPal account linked to your Kraken account, please reach out to our support team for assistance.