Account management options
While it is technically possible to create multiple accounts with our platform, we recommend exploring alternative solutions before doing so. In many cases, we can assist with increasing deposit and withdrawal limits on your existing account, eliminating the need for multiple accounts.
There are a few specific scenarios where maintaining separate accounts might be necessary:
- •Managing conflicting trading strategies that cannot be accommodated within a single account.
- •Running multiple trading bots with distinct requirements.
- •Increasing API rate limits for specific use case.
- •Separating margin trading activities* from other account uses (to protect balances from potential liquidation).
- •Distinguishing between personal and business use.
Please note that our policy prohibits using secondary accounts to exceed the deposit and withdrawal limits of your highest verified account. Additionally, maintaining multiple accounts can add complexity to your account management, and may result in additional verification requirements and potential delays.
We encourage you to contact our support team to discuss your specific needs and determine the best course of action for your account management.
Alternative account arrangements
We recommend that you first explore alternative solutions before creating a second account. While it is possible to create a second account, it may not be necessary or desirable for your specific use case. We encourage you to contact our support team to discuss your needs and explore alternative solutions.
If you still wish to create a second account, please follow these steps:
- 1.Sign out of your current Kraken account.
- 2.Click on the "Create Account" button.
- 3.Enter a new email address and password.
Joint account
It is currently not possible to have a non-business account with two different names on it.
If you and your spouse both want to use Kraken, the best option is for each person to create their own account. However, you can fund a Kraken account under your name from a joint bank account without any issues as long as you are one of the owners of the joint bank account.
Test and demo account
We do not offer test accounts with virtual balances for clients to practice on Kraken. You can, however, create a demo account for Kraken Derivatives.
Account structure options
Kraken Derivatives
Sub-accounts are supported on Kraken Derivatives.
Kraken.com
Sub-accounts are supported on Kraken Spot for managed institutional clients.
While it is technically possible to create multiple separate accounts, we discourage this practice as it can lead to unnecessary complexity and confusion.
Each account will have its own separate sign-in information, balances, trading volume, fee discounts, and verification status. Please note that you will not be able to link these accounts together, and it will not be possible to transfer balances, trading volume, fee discounts, or verification status between accounts.
Managing business account access
Business accounts can have multiple accessors designated to manage the account. However, all accessors will need to use the same account sign-in information. To set up multiple accessors, follow these steps:
- 1.Share your username and password with the additional accessors.
- 2.Ensure that all devices used by accessors are set up with the same 2FA sign-in for secure access.
- 3.If you want to restrict the permissions of additional accessors, you can set up funding and trading 2FA, as well as a Global Settings Lock (GSL), that is not shared with them.
- 4.You can also share API keys with additional accessors. When doing so, make sure to generate API keys with the appropriate permissions for each accessor.