Once your account has been verified, you will be able to fund your account to buy and sell crypto. Follow the guides below to help you deposit and withdraw cash and crypto, using the Kraken app.
Deposit cash
To deposit cash to your Kraken app:
- 1.Open the Kraken app and tap the Deposit button. This is located at the bottom of your app screen.
- 2.Search for the currency under cash you'd like to deposit and tap on it.
- 3.
- 4.Review the important notes and instructions. For this example, we are using USD Swift Bank:
- 5.Copy the bank account details on the deposit instructions and provide it directly to your bank or financial institution to initiate the transfer.
Various banks have different requirements, so please contact your bank directly for specific instructions on how to complete the deposit.
- 6.To help your deposit go smoothly, use our deposit checklist before sending any funds.
- 7.Once your deposit arrives, you will receive an email confirming the funds have been credited to your Kraken account balance.
Withdraw cash
- 1.Go to your Portfolio and select the currency you would like to withdraw from your available balances.
- 2.On the next screen, tap the Withdraw button.
- 3.Choose the network you'd like to withdraw. If you are shown multiple options, select your preferred payment network.
- 4.Then input the amount you would like to withdraw.
- 5.In the Withdraw To section, select an existing withdrawal address or tap Enter a new bank account.
- To add a new bank account, select your preferred funding method.
- Input a unique description to name the account. Follow the instructions and provide the required details.
You can refer to our frequently asked questions for more information about the different requirements. - 6.Tap Review and confirm once you’re ready to withdraw.
Deposit cryptocurrencies (single network)
- 1.Tap the deposit icon located on the bottom of the screen.
- 2.Search for the currency you'd like to deposit.
- 3.
- 4.Review the important notes and instructions. Once ready, tap I understand.
- 5.If you have Funding 2FA enabled, you will need to complete this before proceeding.
- 6.Copy the wallet address into the wallet from which the funds will be sent. Do not type the address by hand.
- 7.Alternatively, you can also use the provided ‘QR code’. IMPORTANT: If you use the QR code for XRP and XLM ensure the tag/memo is included. For EOS, the memo will need to be manually typed in.*For certain cryptocurrencies, you will need to include more details than just the address:
- Ripple (XRP) deposits need a ‘destination tag’.
- Lumens (XLM) deposits need a 'memo'.
- EOS deposits need a 'memo'.
- 8.Once you have initiated a valid transaction from your wallet, the deposit will be credited to your account when the minimum number of required confirmations has been reached.
Deposit cryptocurrencies (multiple networks)
Some cryptocurrencies supported on Kraken have multiple networks to choose from, such as the stablecoins DAI, USDT and USDC.
- 1.Tap the deposit icon located on the bottom of the screen.
- 2.Select Deposit and search for the currency you would like to deposit, e.g. DAI, USDT or USDC.
- 3.Select the network you wish to deposit on. Each network has different fees, minimums and processing times.You will then need to choose between multiple networks depending on the currency you choose.To see all supported networks for each cryptocurrency listed on Kraken visit this article.
- 4.Review the important notes and instructions. Once ready, tap I understand.
- 5.Copy the wallet address into the wallet from which the funds will be sent. Do not type the address by hand.
- 6.You can also use the ‘QR code’ provided.
- 7.Once you have initiated a valid transaction from your wallet, deposit will be credited to your account when the minimum number of required confirmations has been reached.
Deposit ETH (multiple networks and methods)
When depositing Ethereum (ETH) you can choose between multiple networks and two deposit methods.
- 1.Tap the Deposit icon located on the bottom of the screen.
- 2.Search for ETH. There are multiple networks available to deposit ETH.
- 3.Review the important notes and instructions. Once ready, tap I understand.
- 4.After selecting the network, you will be presented with your deposit address.
- 5.Copy the wallet address and paste into the wallet from which the funds will be sent. Do not type the address by hand.
- 6.You can also use the ‘QR code’ provided.
- 7.Once you have initiated a valid transaction from your wallet, the ETH deposit will be credited to your account when the minimum number of required confirmations has been reached. This will vary depending on the network you choose above.
Withdrawing kBTC
To exchange BTC for kBTC a Kraken user initiates a withdrawal of BTC from their Kraken account and an equivalent amount of kBTC is sent to the user's external withdrawal address.
- 1.Hold some BTC in your Kraken account.
- 2.Go to the Portfolio page on Kraken. (web or mobile)
- 3.Select Withdraw, and choose Bitcoin from the asset dropdown.
- 4.Select Ethereum (kBTC) or OP Mainnet (kBTC) from the network dropdown.
- 5.Complete the withdrawal process, and your BTC will be exchanged to kBTC on the selected network.
Withdraw cryptocurrencies
- 1.Select the currency from your available balances. Tap withdraw.
- 2.Input the amount.
- 3.In the Withdraw To section, select an existing withdrawal address or click Enter a new address:
- For a number of cryptocurrencies supported on Kraken, you are given the option to withdraw on multiple networks. In this case, select the network your withdrawal address is on, e.g. if your wallet is an Ethereum wallet, ensure you choose the Ethereum Network. Review this article to check the supported networks for each currency.
- Input a unique description to name the account.
- Obtain the cryptocurrency address that you intend to send the funds to. Always double-check the address is correct by copy and pasting the exact address (never type in an address by hand).
Note: Different cryptocurrencies may share the same address format, so make sure you are sending to the right type of address as well.- Confirm the new withdrawal address via the email link within one hour. - 4.Click confirm.
Delete a withdrawal address
- 1.Tap your profile icon on the top left, and select withdraw.
- 2.Choose the currency where your withdrawal address is saved.
- 3.Click on the Withdraw To section.
- 4.Locate the address you wish to delete and swipe from right to left.
- 5.Select Yes to the question “Are you sure you wish to remove this address?"
- 6.You will receive an email notification to confirm the address has been removed.
Kraken Transfers
Kraken Transfers offer a quick, cost-free way to move funds directly between Kraken accounts. Click here to learn more.
If you have any issues funding your account, please contact our support team.