To withdraw fiat currencies, you first need to add and save a new withdraw method to your Kraken account.
Go to Funding > Withdraw and choose the fiat currency that you wish to withdraw.
Then select the withdraw method from the drop-down menu (SEPA / Wire / SWIFT / etc) and click on ‘Add account’. When you are done entering the required information about your bank account, click on ‘Save bank account’.
Please note that for most fiat withdrawals you have to be at least tier 2-verified. However for SynapsePay(USD) deposits and withdrawals you have to be tier 3-verified.
To help your withdrawal go smoothly, please follow the guidelines below.
- Important: The name on the bank account you are withdrawing to must match the name on your Kraken account. Please enter your Kraken name in the ‘full name’ field.
- Residents of EEA (European Economic Area) countries should always choose SEPA withdrawals if possible, since SEPA is faster and cheaper than wire.
- Take care entering your account details (copy + paste is best) and double-check to make sure you've entered all the information correctly.