To use the BLINC funding method you must meet the below requirements:

Kraken does not charge fees for transfers within the BLINC network. Processing times for BLINC transfer are near-instant.

Withdrawals are limited on a 24-hour rolling basis. Please speak with your Account Manager or contact Support to discuss your limits. Additionally, cash deposits and withdrawal limits associated with your Kraken account are applied.

For step-by-step deposit instructions:

The BLINC funding method will need to be activated on your account for you to see the BLINC option in both the Deposit method dropdown and the Withdrawal option dropdown.

BLINC deposits: after you have selected the option from the dropdown, the relevant instructions will be displayed to you. You will be provided with the Name on the account, the BLINC ID and the Reference to initiate a payment from your BLINC account. The reference is needed in order for our system to assign your deposit to your Kraken account. Please add it in the field “REFERENCE” when initiating a payment from your BLINC account.

For step-by-step withdrawal instructions:

BLINC withdrawals: after you have selected the BLINC Withdrawal option from the dropdown, click on Add new withdrawal account, then provide the Description (only for your use), and your BLINC ID which can be retrieved from your BCB account portal. Please make sure you provide the BLINC ID for the relevant currency (e.g., if you intend to withdraw EUR, you should provide the BLINC ID for your BLINC - EUR account). If needed, you may also make changes to the beneficiary name, although this may require our team to do some manual checks once you submit a withdrawal. As always, the name on the Kraken account should match the name on the beneficiary account. Once you have saved the withdrawal account, you may initiate a withdrawal using the BLINC withdrawal option.