Futures - Quick Guide

Intro

• ★ How to unlock Futures trading and Eligibility
• About Kraken Futures
• What are Futures and why should I trade them?
• Why Futures are Good for Crypto
• Transferring funds to and from the Futures wallet
• Common questions about Kraken's acquisition of Crypto Facilities

Account Setup

• Investment Questionnaire

Trading

• Trading interface guide
• Margining
• Platform Outage Options

Account

• Transferring funds to your Trading Wallet
• Using the API
• Disclaimers

Getting Started

Getting Started

• ★ Get started with Kraken!
• ★ Geographic Restrictions: Can I use Kraken if I'm from ...?
• How to fund your Kraken account
• How to create an account on Kraken
• How do I buy and sell currency on Kraken?
• Where can I follow Kraken on social media?

See all 7 articles

Digital Currencies

• ★ Digital assets and cryptocurrencies available on Kraken (and their symbols)
• ★ Does Kraken provide a wallet service?
• Where can I learn more about Bitcoin?
• Bitcoin currency code: XBT vs BTC
• Stellar Lumens' star/asterisk symbol

Site Functionality

• ★ Browser troubleshooting
• ★ How to enter numbers on Kraken ("Invalid Amount" error for trading and withdrawing)
• What browser settings must be enabled for the Kraken website?
• Zero-balance currencies on the Balances table

Multiple Accounts

• Can I create a test or demo account?
• Can I create multiple accounts?
• Can I link multiple accounts or create sub-accounts?
• How do I create a second account?
• How do I create a second account using the same email address?
• Is it possible to create a joint account?

Account Verification

Verification tiers explained

• ★ What can I do with each verification tier?
• ★ Deposit and withdrawal limits by verification tier
• ★ Corporate and Institutional Accounts
• What are the verification tiers?
• Tier 4 Individual Account

Getting your account verified on Kraken

• ★ Verifying your account
• ★ Image requirements for ID documents
• How to get verified on Kraken
• How long does it take to get verified?
• What does "Pre-Verified" mean?
• Basic requirements for verification

See all 8 articles

Trouble with Verification

• ★ Tips for scanning or photographing ID documents
• The system won't accept my Phone Number (Tier 1)
• The system won't accept my Postal Code (Tier 2)
• Document upload failed due to "Invalid Parameters"
• Files for verification not being accepted

Updating Account Information

• Updating account information
• Name change
• Date of birth change
• Residency address change
• Email address change
• Telephone number change

See all 7 articles

Fiat currency funding

General information about fiat currency funding

• ★ Fiat currencies available on Kraken
• ★ How to deposit or withdraw fiat currencies via Kraken
• Explanation of fiat currency
• Explanation of deposit references
• Fiat currency deposit fees
• Fiat currency withdrawal fees

See all 8 articles

Troubleshooting & Restrictions

• ★ Delays in wire transfers (deposits and withdrawals)
• ★ On-hold deposits or withdrawals
• ★ Unable to withdraw fiat currency
• How to view fiat currency deposit and withdrawal limits?
• Explanation of Proof of Sources of Funds (POSOF)
• Fiat currency deposit statuses

See all 10 articles

United States (US) domestic wire transfers

• ★ Requirements for access to United States (US) domestic funding
• ★ Automated Clearing House (ACH) support
• What is a Trace number?
• What is an IMAD/OMAD number?
• General information about United States (US) domestic funding
• How to activate United States (US) domestic funding

See all 16 articles

High Limit USD Funding

• ★ Introducing High Limit USD Funding!

Single Euro Payments Area (SEPA) bank transfers

• ★ Requirements for access to EUR SEPA bank transfers
• General information about SEPA
• Currencies available for SEPA bank transfers
• How to deposit EUR via SEPA to your Kraken account
• How to withdraw EUR via SEPA to your bank account
• SEPA bank transfer deposit processing times

See all 11 articles

EUR International Bank Transfers

• How to deposit EUR via International Wire to your Kraken account

Canadian Dollar (CAD) bank transfers

• ★ Requirements for access to Canadian Dollars (CAD) bank transfers
• Introducing High Limit and Faster CAD Funding!
• General information about Canadian Dollars (CAD) bank transfers
• How to deposit Canadian Dollars (CAD) using domestic bank transfers
• How to withdraw Canadian Dollars (CAD) using domestic EFT bank transfers
• Why do I see a “Balance is insufficient for a withdrawal.” message? (CAD)

See all 13 articles

Pound Sterling (GBP)

• Information for United Kingdom (UK) clients and on using GBP on Kraken

Digital assets/cryptocurrency funding

General information about digital assets funding

• ★ Summary of digital assets/cryptocurrency minimums and fees
• ★ General statement on forks, airdrops, and addition of new digital assets/cryptocurrencies
• Can I transfer cryptocurrencies between two Kraken accounts?
• General information about digital assets/cryptocurrencies
• New coin listing requests
• Do not participate in ICOs or token sales directly from your Kraken account

Depositing digital assets/cryptocurrency to your Kraken account

• ★ How long do digital assets/cryptocurrency deposits take?
• How to deposit digital assets to your Kraken account
• Generating new deposit addresses
• Digital assets/cryptocurrency deposit fees
• Digital assets deposit statuses
• Digital assets/cryptocurrency deposit minimums

See all 9 articles

Withdrawing digital assets/cryptocurrency from your Kraken account

• How to withdraw digital assets and cryptocurrencies from your Kraken account
• Adding and confirming a new digital assets/cryptocurrency withdrawal address
• Digital assets/cryptocurrency withdrawal fees
• How long do digital assets/cryptocurrency withdrawals take?
• Digital assets/cryptocurrency withdrawal minimums
• Duplicate withdrawal information error

See all 10 articles

Specific information about certain digital assets/cryptocurrencies

• ★ Bitcoin Cash (BCH) and Bitcoin SV (BSV) replay deposits
• waterMelon (MLN) Token Migration
• Delisting of Iconomi (ICN)
• What is the Destination Tag for Ripple (XRP) Deposits?
• What is the Memo for Stellar Lumens (XLM) Deposits?
• XLM Account Merge

See all 10 articles

Security

Security Basics

• ★ Securing Your Account
• ★ Beware of Phishing Scams
• What does Kraken do to secure my personal information?
• Does Kraken hold full reserves?
• Why am I getting a "Session Invalid" message?
• My Authenticator App 2FA code doesn't work (Permission Denied error)

See all 8 articles

No phone support

• ★ Kraken does not offer phone support
• ★ Beware of Phone Scams

Guides to setup Two-factor Authentication (2FA) on your Kraken account

• ★ Using Two-factor Authentication (2FA) to Secure Your Account
• Setting Up an Authenticator App as Two-factor Authentication (2FA)
• Setting Up a YubiKey for Two-factor Authentication (2FA)
• Setting Up a Static Password for Two-factor Authentication (2FA)
• How to set up Two-factor Authentication (2FA) for API keys

Details on available Two-factor Authentication (2FA) options

• ★ How does Two-factor Authentication (2FA) for login work?
• What is an Authenticator App?
• What is a Yubikey?
• Yubikey compatibility requirements
• How does Two-factor Authentication (2FA) for Deposits & Withdrawals work?
• How does Two-factor Authentication (2FA) for Trading work?

The Global Settings Lock (GSL) and the Master Key

• What is the Global Settings Lock (GSL)?
• Setting Up the Global Settings Lock (GSL)
• What is a Master Key?
• I can't unlock my account settings

Security: Email

• ★ Can I contact your support team using PGP email encryption?
• How can I keep the email account registered with my Kraken account safe?
• What is PGP/GPG encryption?
• How do I set up GPG/PGP encryption for my email?
• How do I tell Kraken what my public PGP key is?
• Where can I find Kraken's PGP public key?

See all 7 articles

Login & Signup Trouble

• ★ I can't log into my account!
• Account Recovery Photo
• What are the Password and Username format requirements?
• Permission Denied when signing up / creating an account
• I haven't received my account activation email

Trading

Introduction to trading on Kraken

• ★ All available currencies and pairs on Kraken
• Using the Kraken OTC Desk
• Introduction to cryptocurrency trading
• Differences between Spot Exchange and Currency Pair Trading
• Currency pairs available for trading on Kraken
• Trading Glossary

See all 7 articles

Trading: Basics

• How to change currency pair
• How to change the "default" currency on the Trade > Overview page
• What is the minimum order size (volume)?
• What is the maximum number of open orders/positions?
• How do I set prices for limit orders?
• What is Market Price Protection?

See all 7 articles

Order Options

• Summary of Order Options
• Currency Exchange: Buying/Selling and Currency Pair Selection
• Amount and Amount Currency
• Other Order Options

Order Types

• Terminology Used for Order Type Descriptions
• Market and Limit Orders
• Stop Loss orders
• Take Profit Orders
• Combined Order Types

Trading: Fees

• ★ Overview of trading fees on Kraken
• What are Maker and Taker fees?
• How are trade fees calculated?
• How are fee conversion rates calculated?
• What are Kraken fee credits (KFEE)?

Trading: Leverage and Margin

• ★ Which currency pairs can I trade on margin?
• ★ Margin financing term limits
• Margin withholding updates (September 2018)
• Explanation of leveraged trading
• How to trade on leverage and margin
• What levels of leverage are offered?

See all 13 articles

Terms and concepts used in leveraged and margin trading

• ★ What are the fees for margin trading?
• ★ Margin borrow limits
• Position
• Order Position vs Trade Position
• Leverage
• Margin

See all 24 articles

Trading: Errors & Troubleshooting

• ★ Price and volume decimal precision
• Order Canceled due to "Out of Funds"
• Order Canceled due to "Insufficient Margin"
• 'Margin allowance exceeded' Error when opening a margin position
• 'Insufficient Funds' Error when closing a margin position
• Why is leverage disabled in my account?

Cryptowatch

• What is Cryptowatch?
• Trading on Cryptowat.ch (trade.kraken.com)
• Trading differences between Kraken.com and Cryptowat.ch
• Connecting your Kraken account to Cryptowat.ch
• Errors Messages on Cryptowat.ch (trade.kraken.com)
• Troubleshooting Cryptowatch/trade.kraken.com Performance Issues

More Resources

• How can I see the balance available for new orders?
• Dark Pool

Futures - Derivatives Trading

Liquidity Provision

• Position Assignment System
• Example Assignment
• Revenue Sharing Program

Futures Products

• Summary
• Calculation of profit and loss
• Hedging
• Directional trades
• Maximum leverage
• Order system and trade counterparty

See all 7 articles

Margining

• Summary
• Estimation of portfolio value
• Margin parameters
• Margin netting
• Equity Protection Process

Fees

• Transaction Fees

Futures - Technical References

Products

• Perpetual Futures Contract Specifications
• Ticker symbols
• Fixed Maturity Futures Contract specifications
• Sample trade mechanics
• Historical Data

Trading, Settlement, and Margining

• Position Assignment System Logic
• Margin Schedule
• Trading and settlement
• Instant Margining System
• Percentile price moves

Futures - API

General Specifications

• Introduction
• Conventions And Definitions
• Generate API Keys

Access

• API URLs
• Sign Challenge (Web Socket API)
• Subscriptions (Web Sockets API)
• Request Limits (REST API)
• Generate Authentication Strings (REST API)
• Calls and Returns (REST API)

REST API - Public

• Order Book
• Tickers
• Instruments
• History

REST API - Private

• Cancel Order
• Send Order
• Fills
• Transfer
• Open Positions
• Batch Order

See all 12 articles

Websocket API - public

• Ticker
• Trade
• Heartbeat
• Ticker Lite
• Challenge
• Book

Websocket API - Private

• Open Orders Verbose
• Open Positions
• Account Log
• Fills
• Open Orders
• Account Balances and Margins

See all 7 articles

Additional Resources

• Whitelisting Your Account
• Support and Malfunction Reporting
• Sample Implementations

Futures - Risk, Complaints & Terms

Risk Disclosure

• Risk Disclosure

Terms and Conditions

• Membership Agreement
• Privacy Policy

Queries and Complaints

• Financial Ombudsman Service
• General Queries
• Complaints Handling Process

API

API Basics

• What is an API and what can it be used for?
• Where can I find documentation on your API?
• Public call examples (you can try it directly in the browser)
• How to generate an API key pair?
• How many API keys can I generate?
• What is the API call rate limit?

See all 11 articles

API Trading

• Trading Agreement required for orders sent via API
• Ticker pairs
• How to Add standard orders with different parameters
• How to open and cancel orders
• Trade History
• Are internal calculations made in float point or with a fixed number of decimals? Are the values always rounded?

See all 7 articles

Public WebSockets API sandbox

• Public WebSockets API - common questions
• Public WebSockets API Python code example

Advanced API usage

• API Error Codes
• Does Kraken offer a Test API or Sandbox Mode?
• Use of the "userref" parameter
• Do I need to use a Client Library Wrapper?
• How can I avoid excessive Timeouts?
• Why am I getting a 403 error while using the Kraken API?

See all 7 articles

Account History

Account History: FAQs

• ★ Does Kraken provide Account/Transaction/Tax Statements?
• Export history does not show blockchain addresses or transaction IDs for cryptocurrency withdrawals
• Exporting data on behalf of clients
• I can't view my older Orders history
• I can't see the date on my Trades export

Account History: Export Basics

• ★ Ledgers vs Trades Data
• How can I export my data?
• Explanation of Ledger Fields
• Explanation of Trade Fields
• Orders Data

Account History: Export Issues

• ★ Export requests "stuck" in Queued status
• Can't open the exported file
• Export history is empty or not complete
• CAD withdrawals & balances
• Dot vs Comma decimal separator

Account History: Export Analysis

• Asset Codes
• Ledgers Data: "Duplicate" Deposit & Withdrawal Entries
• How to associate rollover fees with margin trades

Other resources

MtGox Creditor Information

• ★ Kraken's limited role in the MtGox claim process
• ★ MtGox Creditor Update: Action Required by October 22
• ★ What is the address and help desk phone number for the MtGox trustee?
• How can I make a change to the details of my MtGox claim?
• What is the status of my MtGox claim?
• I can't access the MtGox claims website

See all 9 articles

FAQs about our acquisitions

• Everything you need to know about the acquisition of Cavirtex (January 2016)
• Everything you need to know about the acquisition of Coinsetter (January 2016)
• Everything you need to know about the acquisition of CleverCoin (June 2016)
• Everything you need to know about the acquisition of Cryptowat.ch (March 2017)

Misc.

• KYC Update information
• Client Success Program
• Where is Kraken's location/headquarters?
• DAO Delisting
• How do I close my account?

Archive

• Augur (REP) contract deployment and token transition
• EOS MainNet Token Swap - Transition Completed