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 72 hour 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
Open the Kraken app and tap the Action icon in the bottom of the navigation bar.
2
Select Deposit.
3
Search for the currency you wish to deposit (EUR or GBP) and select it.
4
If you have not yet connected your PayPal account to Kraken you will be redirected to sign into your PayPal account.
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
On the Deposit Method screen select PayPal and enter the amount you wish to deposit.
7
Review the deposit information and Swipe to deposit.
8
That’s it! You have successfully deposited funds to your Kraken account with PayPal.

Deposit steps on web

To fund your account with PayPal via Kraken.com:

1
On the homepage of your account, click the Deposit button.
2
Select EUR or GBP in the Asset dropdown.
3
Under Deposit Method select PayPal.

If you have not yet connected your PayPal account to Kraken, click Connect PayPal.
4
You will be redirected to sign into your PayPal account. 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.
5
Back on Kraken, enter the amount you wish to deposit and click Deposit.
6
Confirm your deposit: review the deposit information and click Confirm deposit to continue.

As a reminder: For enhanced security, you won't be able to withdraw this deposit for three days.

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 72 hours. Please note that the 72 hour withdrawal 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).