iDEAL is a payment method that securely links your bank account, enabling free and fast transfers directly to your Kraken account. iDEAL is available to clients who reside in The Netherlands.
Requirements
To use iDEAL you must meet the following requirements:
- •Verification level: your Kraken account must be verified as an Intermediate or Pro level account.
- •Account ownership: ensure the name on the bank account you are funding from matches the name on your Kraken account.
- •Geographic restrictions: iDEAL is available to clients residing in the Netherlands.
- •Kraken currently only supports deposits through iDEAL, withdrawals are not available.
Deposit instructions on web
To fund your account with iDEAL via Kraken.com:
- 1.On the homepage of your account, click the Deposit button.
- 2.Select a cash currency in the Asset dropdown.
- 3.Under Deposit Method select iDEAL.
- 4.Enter the amount you wish to deposit and click Deposit.
- 5.Review the deposit information and click Confirm deposit.
- 6.Click on Scan with your banking app to pay or Select your bank to use your internet banking.
Scan with your banking app to pay
- 1.Scan the QR code to be redirected to your banking app.
- 2.Review the details of your transaction on your banking app and confirm the payment.
- 3.You will receive confirmation that your deposit has been successfully initiated.
- 4.Once your transaction has been successfully processed the funds will appear in your account under the Transactions tab.
Select your bank
- 1.Select your bank. You can scroll or search for your bank. Once you have selected your bank, you will be automatically taken to your banking application.
- 2.Review the details of your transaction on your banking app and confirm the payment.
- 3.You will receive confirmation that your Deposit has been successfully initiated.
Deposit instructions using the Kraken app
To fund your account with iDeal via the Kraken app:
- 1.Open the Kraken app and tap the Action icon in the bottom of the navigation bar.
- 2.Select Deposit.
- 3.Search for the EUR currency and select it.
- 4.Select and click on iDEAL.
- 5.Enter the amount you wish to deposit and click Review.
- 6.Review the deposit information and Swipe to deposit.
By swiping right, you will be redirected to your bank account via the iDEAL network.
- 7.Select your bank. You can scroll or search for your bank.
Once you have selected your bank, you will be automatically taken to your banking application. On your banking app you will need to confirm or cancel the transaction you have initiated.
- 8.Finally, after confirming your transaction you will be automatically sent back to the Kraken App.
- 9.A confirmation message will appear indicating that your deposit has been initiated and that the funds should arrive in a few seconds.
Processing times
Processing times for iDEAL are near-instant.
Deposit Limits
Minimum deposit: 10 EUR
Maximum deposit per transaction: 10,000 EUR