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.

Note:

• 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.

Example

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.