Etana Custody funding provider

Etana Custody is a custodial service that enables our clients to fund their Kraken accounts with seven major currencies: USD, EUR, CAD, GBP, AUD, CHF and JPY.

To use the Etana Custody funding method, clients need to create a separate profile at Etana Custody that connects to their Kraken account for the purposes of wiring funds. This allows clients to instantly send funds between their Etana and Kraken accounts.

*Wires sent in local currency will be converted (at current market rates) to the chosen base currency from above.*FX conversion is also possible for balances held in Etana Custody wallets. Clients must reach out to Etana support for more information.

Requirements

Your Kraken account must be verified to the Intermediate or Prolevel.
Restrictions may exist for residents of countries included on the OFAC list. Eligible residents of certain countries may have an increased due diligence KYC process.
Please note that the ability to use Etana Custody for funding purposes is dependent upon passing their separate KYC verification. Individuals and corporations will be required to provide relevant government-issued documentation during the onboarding process. This may also include proof of source of income and other financial documents.

How to activate your account?

1
Please submit a request here.
2
Under the dropdown What type of issue are you experiencing select Other.
3
In the next dropdown enter your email address, your chosen currency and then provide details about the funding provider you would like access to.
4
Once your request has been submitted our support team will review your account for activation and reach out to you with more information.

Instructions for linking your Etana and Kraken accounts

Confirm you have received notification that your account is activated for use with Etana Custody funding.
From within your Kraken account, navigate to
Funding
>
Deposit
for the relevant currency.
Select
Etana Custody
from dropdown of funding methods.
Click the
Take Me There
button. This will redirect you to Etana Custody for onboarding.
Provide KYC documents and complete verification with Etana Custody.
Register your bank account with Etana under the
External Accounts
tab for each currency you plan to wire.
Once you have been fully verified, you must navigate to
Linked Accounts
to connect your Kraken and Etana accounts.
Initiate a wire deposit from within the Etana platform to your Etana custody wallet.
Once the wire has been received by Etana, you will need to initiate a Transfer of funds to your linked Kraken account.

Note: Corporate clients will need to submit business formation documents and corporate onboarding forms to Etana. Individual and Corporate clients will be required to provide KYC documentation that may differ from that required for opening Kraken accounts. Please remember to use the full-name matching your government-issued ID.

When you wish to withdraw funds from Kraken, you will need to initiate the withdrawal transfer from within your Kraken account, to be sent to your Etana Custody account. From there, you can choose to keep your money in your Etana Custody account or initiate a wire withdrawal to your bank account.

Fees and limits

The fees shown on our deposit options page are what Etana charges for receiving deposits to your Etana account (sent from your bank account). The fees for sending withdrawals from your Etana account (to your bank account) are shown on our withdrawal options page.Transfers of funds solely between Kraken and Etana accounts are free and near-instant.Deposit & withdrawal minimums for wires between your bank and Etana have a $150 minimum or equivalent in other currencies to account for Etana's fees and any other wire fees that might be assessed by intermediary banks. Deposit and withdrawal minimums between Kraken and Etana are $1 or equivalent in other currencies.

Funding options

For additional information on funding providers; fees; minimums and processing times, see our deposit options and withdrawal options for more details.

Deposit and withdrawal instructions

For step-by-step instructions, see: How to deposit using Etana Custody and How to withdraw using Etana Custody

Contact Etana Custody

As a separate entity with their own compliance policies, Kraken clients are encouraged to reach out to Etana support specialists with any questions or concerns relating to verification status, registration of bank accounts or bank wires.For additional questions, related to Etana Custody, visit the Etana Custody FAQ support page.