For eligible US clients, Silvergate Bank provides a faster way to deposit or withdraw USD. Domestic (US bank to US bank) transfers are processed via Fedwire and take 1-5 hours to process during US banking hours. Banking cutoff time is 3pm EST.
For eligible International clients, Silvergate Bank provides an alternative to US-only USD funding options. International transfers are processed via SWIFT and may require more time to settle.
- Your Kraken account must be verified to the Intermediate or Pro level.
- Your bank/financial institution account must be under the same legal name as your Kraken account.
- Exceptions (in addition to OFAC-limited jurisdictions), clients based in Texas, Belarus, Central African Republic, Congo (Democratic Republic), Iraq, Lebanon, Libya, Myanmar (Burma), Nicaragua, Palestine, Russia, Somalia, South Sudan, Sudan, Venezuela, Yemen and Zimbabwe are not eligible for this service.