How do I buy and sell currency on Kraken?

Before you can start buying and selling, you'll need to deposit funds into your Kraken account. Once your account is funded, you can use the order forms under the "New Order" tab to place orders. Note that the currency pair you select plays a role in determining what is bought or sold:

  • If the "buy" button is selected and currency pair x/y is selected, then currency x will be bought and currency y sold.
  • If the "sell" button is selected and currency pair x/y is selected, then currency x will be sold and currency y will be bought.

See our Trading Guide for details.