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

GBP Funding

We currently do not support GBP deposits or withdrawals. No type of UK domestic payment options are available for deposits or withdrawals to or from your Kraken account. These include, but are not limited to: Faster Payments, CHAPS, and others.

EUR Funding

The UK is part of the SEPA zone and as such you can deposit and withdraw EUR to and from Kraken using your UK bank account. However, as a UK bank account holder, it is important that you only send SEPA transactions to us. Our bank will reject and return any incoming transactions in currencies other than EUR. 

See our Funding Overview page for more details on fiat currency funding.

GBP Trading

On Kraken, you can sell ETH or XBT for GBP, and vice versa. However, you cannot withdraw funds in GBP.

GBP can only be traded back and forth between ETH/GBP or XBT/GBP. Any profits from trading GBP pairs can be traded for a currency that can be withdrawn, such as XBT, ETH, or EUR.

Note: if you want to convert GBP to another fiat currency (like EUR), you'll need to first go through XBT or ETH as we don't support direct fiat-to-fiat conversions.