Kraken Borrow: Fixed-term loans

Kraken Borrow (30-day fixed-term loans) is currently available in the Netherlands and Germany, through the Kraken App. It isn't available on Kraken web.

To use Kraken Borrow, you need to:

Oui. Vos crypto restent dans votre portefeuille pendant toute la durée. Nous ne procéderons à des ventes que si vous ne remboursez pas votre prêt, afin de couvrir le montant dû.

Your borrowing limit is the maximum amount you can borrow right now. It's based on the value and type of crypto you hold on Kraken and updates automatically as the value of your portfolio changes. Check your personalised limit in the Loan Centre.

Not every asset counts the same toward your borrowing limit. More stable assets like Bitcoin (BTC) and Ethereum (ETH) count for up to 99% of their market value, while more volatile assets count for less.

You can see how much each asset contributes here.

You receive EURC, a stablecoin designed to always be worth €1. Use it to buy crypto, hold, convert, or withdraw. Regardless of how you use the assets, your loan remains in EURC.

Yes. You can keep trading, buying, and withdrawing as normal while the loan is active. If an action would push you over your borrowing limit, we'll warn you first.

Des frais d’ouverture de 0,5% s’appliquent, auxquels s’ajoutent des intérêts sur le montant emprunté. Votre taux d’intérêt est fixé au moment de l’emprunt et tous les frais sont affichés avant confirmation.

Interest is taken directly from your account every 4 hours. All costs are shown in full before you confirm - no hidden fees.

Oui, à tout moment depuis le Centre de prêts, à condition de rembourser l’intégralité du prêt (les remboursements partiels ne sont pas autorisés). En cas de remboursement anticipé, 50% des intérêts restants sont annulés.

Les prêts sont d’une durée de 30 jours. Si vous ne remboursez pas dans les délais, nous procéderons au règlement à partir de votre portefeuille, selon l’ordre suivant :

If the value of your crypto falls, your borrowing limit falls with it. Kraken monitors this in the background and shows you the latest figure in the Loan Centre.

If things start to get risky, we'll warn you so you can repay or add more funds. If you don't act on the warning, we'll sell some of your crypto to cover the loan - but we'll never do this without warning you first.

Warnings are sent by in-app message. You're responsible for making sure you can receive these - keep notifications switched on.

If we do need to settle the loan, we do it in this order: EURC first, then any cash (USD, EUR, etc.), and only then your other crypto.

You can have more than one loan open at the same time, as long as your borrowing limit is large enough. Each loan has its own length, rate, and repayment date, and you can track them all in the Loan Centre.

The Loan Centre shows you:

Loans aren't backed by specific assets. All your loans share the same portfolio as backing - no single asset is assigned to any one loan.

Say you hold €10,000 of BTC and open a 30-day Kraken Borrow loan for €5,000 EURC. At an illustrative 15% APR, here’s what it costs:

Because your BTC is worth twice the loan to start with, a 20% or even 50% drop in BTC price wouldn’t put your loan at immediate risk - you’d be warned well before Kraken would ever need to sell your crypto to cover the loan. You can run your own numbers in the calculator below.