How to convert between cash currencies

Cash currencies are directly interchangeable on Kraken for clients based outside of the United States. 

However, you can trade your cash currency for a common cryptocurrency (like BTC, ETH or MATIC) and then trade that cryptocurrency for a different cash currency.


  • All trades in a cash-to-crypto-to-cash transaction will be charged trading fees on every step of the way.
  • The exchange rate of going from cash-to-crypto-to-cash will depend on the liquidity and activity of each trading pair at the time and might not match exchange rates seen on FOREX markets.

Tip: generally, Bitcoin (BTC) and Ethereum (ETH) are the most liquid cryptocurrencies.


If you want to convert USD to CAD:

  1. 1
    Buy Bitcoin (BTC) using your USD.
  2. 2
    Sell Bitcoin (BTC) for CAD.

Other common cryptocurrencies between USD and CAD:

  • Ethereum (ETH)
  • Polygon (MATIC)

Refer to the table of Cash-to-Crypto Pairs to find common cryptocurrencies for other cash currencies.

  • Bitcoin (BTC) and Ethereum (ETH) will work for all cash currencies.