Before you can buy or trade cryptocurrencies on our platform, you'll need to deposit funds into your Kraken account. Below is an overview of deposit options and their minimums, fees and processing times.
This information can change without notice and is not always current. Please login to your Kraken account and navigate to the relevant funding page to see the most current information.
Important deposit information
All first-time fiat deposits will result in a temporary (72 hour) withdrawal hold on the account.
Deposits must match the same currency specified in the deposit options — currency conversions are not possible. For example, CAD funds can only be sent to CAD deposit options. Funds sent to deposit options that they do not belong to will be returned and may result in charges.
Deposit fees are what it costs Kraken to accept your deposit and do not include your bank's charges (if any) for sending a transfer.
Deposit limits will depend on your verification level.
All options, except in-person CAD, involve some form of bank or wire transfer (no credit card!). Names must match on your bank account and Kraken account and as a result we cannot accept deposits from some third-party payments processors (TPPPs).
For worldwide* options, some geographic restrictions may apply. SWIFT is the most common form of international wire transfers. Our funding partner Fidor AG will reject SWIFT transfers from countries on the FATF monitored jurisdictions list available here: http://www.fatf-gafi.org/countries/#other-monitored-jurisdictions. If you need to send a SWIFT transfer from a country on this list, you may consider our Etana Custody funding option.
Processing times are estimates only and are outside of Kraken's control. Delays are possible. Please be mindful of banking holidays. If your wire transfer transaction does not arrive within the estimated time frame below, click here for the steps to take.
USD (US Dollar) deposit options
| Availability | Deposit Method/Processor |
Deposit Minimum | Deposit Fee |
Processing Time |
| USA only | FedWire (Normal) |
20 USD | 5 USD | 3-5 business days |
| USA only | FedWire (Etana Custody) |
150 USD | Free | 1-5 business days or instant |
| USA only | FedWire (Signature Bank) |
50,000 USD | 5 USD | <1 business days (cutoff at 3pm EST) |
| Worldwide* | SWIFT (Etana Custody) |
150 USD | Free | 3-5 business days or instant |
|
Worldwide*; |
SWIFT (Signature Bank) |
50,000 USD | 5 USD | 2-5 business days |
| Worldwide*; Business Pro |
Silvergate Exchange Network (SEN) |
Business: |
Free | Near-instant |
EUR (Euro) deposit options
| Availability | Deposit Method/Processor |
Deposit Minimum | Deposit Fee |
Processing Time |
| SEPA only | SEPA (Fidor) |
1 EUR | Free | 0-3 business days or instant |
| SEPA only | SEPA (Etana Custody) |
150 EUR | Free | 1-5 business days or instant |
| SEPA only | SEPA (Bank Frick) |
1 EUR | 0.15 EUR |
0-3 business days |
| SEPA only (Excluding Cyprus and Iceland) | 1 EUR | FREE |
0-3 business days |
|
| Worldwide* | SWIFT (Fidor) |
50 EUR | 5 EUR | 1-5 business days |
| Worldwide* | SWIFT (Etana Custody) |
150 EUR | Free | 3-5 business days or instant |
CAD (Canadian Dollar) deposit options
| Availability | Deposit Method/Processor |
Deposit Minimum | Deposit Fee |
Processing Time |
| Canada only | 125 CAD ** | Free *** | 1-3 business days | |
| Canada only | 20 CAD | 1.25 CAD + 0.25% | 30-60 min | |
| Canada only; Business Pro |
1,000 CAD | Free *** | 0-10 min | |
| Worldwide* | 150 CAD | Free | 3-5 business days or instant |
** The actual minimum is 100 CAD, but we recommend sending a minimum amount of 125 CAD in case any wire fees are applied to the deposit by intermediary banks.
*** While Kraken does not charge for CAD deposits, any bank that handles CAD funds can apply fees at their discretion. Banking/wire fees of approximately 10 CAD may apply.
Fees for Canada Post in-person cash/debit
Per transaction, Canada Post charges a fee of 3.95 CAD to send the deposit and Kraken charges a fee of 1.25 CAD + 0.25% to receive the deposit.
AUD (Australian Dollar) deposit options
| Availability | Deposit Method/Processor | Deposit Minimum | Deposit Fee |
Processing Time |
| Australia only | Bank Transfer / Osko | 5 AUD | Free | 0-2 business days. Near instant for Osko enabled accounts. |
GBP (Pound Sterling) deposit options
| Availability | Deposit Method/Processor | Deposit Minimum | Deposit Fee |
Processing Time |
| UK and Gibraltar* | FPS/BACS (Clear Junction) | 3 GBP | 1.95 GBP | 0-3 business days |
| UK and Gibraltar* | CHAPS (Clear Junction) | 22 GBP | 21 GBP | Same day |
| Worldwide* | SWIFT (Etana Custody) |
150 GBP | Free | 3-5 business days or instant |
CHF (Swiss Franc) deposit options
| Availability | Deposit Method/Processor | Deposit Minimum | Deposit Fee |
Processing Time |
| Liechtenstein & Switzerland only | SIC (Bank Frick) |
1 CHF | 0.15 CHF | Near instant on working days between 07:00 and 15:00 UTC |
SEPA only |
SWIFT (Bank Frick) |
11 CHF | 10 CHF | Varies depending on country of origin |
JPY (Japanese Yen) deposit options
| Availability | Deposit Method/Processor | Deposit Minimum | Deposit Fee |
Processing Time |
| Worldwide* | SWIFT (Etana Custody) |
15,000 JPY | Free | 3-5 business days or instant |
Frequently Asked Questions
Why does Kraken charge deposit fees?
The payment processors we work with charge us fees to accept fiat currencies and those are the fees listed above.
Are there any other fees?
Your bank may charge you fees for sending the deposit to our payments processors.
Intermediary or correspondent banks (banks between your bank and our bank that processes the transaction in transit) may also charge fees or convert the transaction to a different currency en route (if sending Euros from outside of Europe, for example). These fees are on the account of the sender and the responsibility of the sending bank.