As of January 20, 2020, all first-time fiat deposits will result in a temporary 72 hour withdrawal lock on the account.

Withdrawal Lock

The withdrawal lock applies to all currencies (fiat and cryptocurrencies), regardless of the currency of your deposit.

The withdrawal lock also prevents transfers to Kraken Futures and Staking.

The amount of the withdrawal lock is up to 125% of the value of the first fiat deposit. 

The length of the withdrawal lock is 72 hours. Note that additional deposits sent before this lock expires will restart the 72 hour lock period. In such cases, the lock period will reset at 72 hours and each subsequent deposit will be subject to its own withdrawal lock, as the individual 72 hour lock expire each amount will be released to the account, and once all locks expire this security precaution will not apply to future deposits.

We recommend that no further deposits are made while the withdrawal lock is active on the account and suggest you wait the full 72 hours before you resume funding.

After the 72 hours, future fiat deposits will not trigger this lock. However, deposits from high-risk banks may trigger another withdrawal lock.

Trading is unaffected

You will still be able to trade throughout the period of the withdrawal lock.