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How to deposit EUR and GBP to Kraken with PayPal
Withdrawal hold
While funds are immediately available for trading, deposits of EUR, GBP, and USD through Paypal will trigger a 7 day withdrawal hold of deposited funds.
PayPal is an online payment system that supports online currency transfers. With PayPal you can securely deposit funds from your PayPal account to Kraken to make funding your account simple.
Requirements
To use PayPal you must meet the following requirements:
  • Verification level: your Kraken account must be verified as an Intermediate or Pro level account.
  • You will be required to have a PayPal account.
  • The name on your PayPal account must match the name on your Kraken account.
  • PayPal is available to clients who reside in the United Kingdom and the European Union (excluding Hungary and Croatia).
Deposit instructions (using the Kraken app)
To fund your account with PayPal via the Kraken app:
  1. 1
    Open the Kraken app and tap the Action icon in the bottom of the navigation bar.
    Deposit Button
  2. 2
    Select Deposit.
    Click Deposit
  3. 3
    Search for the currency you wish to deposit (EUR or GBP) and select it.
  4. 4
    If you have not yet connected your PayPal account to Kraken you will be redirected to sign into your PayPal account.
    Connecting to your bank
  5. 5
    On your PayPal account click Save and Continue to connect your account to Kraken.

    Once you have connected your PayPal account to Kraken you will be able to select it as a deposit method.
  6. 6
    On the Deposit Method screen select PayPal and enter the amount you wish to deposit.
  7. 7
    Review the deposit information and Swipe to deposit.
  8. 8
    That’s it! You have successfully deposited funds to your Kraken account with PayPal.
Processing times
Processing times for PayPal are near-instant. Once credited to your account, deposits are available instantly for trading and will be available to withdraw after seven days. Please note that the seven day hold on withdrawals will apply to any assets in cash or cryptocurrency, equal to the deposited amount. The withdrawal hold does not apply to trading.
Fees and limits
Fees will vary dependant on your region and are displayed on the final confirmation page.
There will be a 1,000 EUR daily rolling limit on PayPal deposits and a minimum deposit of 1 EUR (GBP equivalent).