All first-time fiat deposits will result in a temporary (72 hour) withdrawal hold on the account.
The Silvergate Exchange Network (SEN) represents an internal Silvergate bank network, allowing fast and free USD transfers between Silvergate account holders participating in it. Kraken is part of the network, providing near-instant funding for our eligible clients.
- Your Kraken account must be verified to the Pro business level.
- You must have a SEN Account open at Silvergate Bank.
- Your SEN Account must be under the same legal name as your Kraken account.
- In addition to OFAC-limited jurisdictions, clients based in Texas, Central African Republic, Lebanon, Libya, Russia, Somalia, Venezuela and Yemen are not eligible for this service.
How to apply?
Once approved, you will see instructions on your account under the Funding > Deposit > Silvergate Exchange Network page for how to integrate your Silvergate bank account into your Kraken account.