How to convert between cash currencies

Last updated: 31 มี.ค. 2568

Cash currencies are directly interchangeable on Kraken for clients based outside of the United States.

However, you can trade your cash currency for a common cryptocurrency (like BTC, ETH or MATIC) and then trade that cryptocurrency for a different cash currency.

Note:

  • •

    All trades in a cash-to-crypto-to-cash transaction will be charged trading fees on every step of the way.

  • •

    The market rate of going from cash-to-crypto-to-cash will depend on the liquidity and activity of each trading pair at the time and might not match market rates seen on FOREX markets.

Tip: generally, Bitcoin (BTC) and Ethereum (ETH) are the most liquid cryptocurrencies.

Example

If you want to convert USD to CAD:

  1. 1

    Buy Bitcoin (BTC) using your USD.

  2. 2

    Sell Bitcoin (BTC) for CAD.

Other common cryptocurrencies between USD and CAD:

  • •

    Ethereum (ETH)

  • •

    Polygon (MATIC)

Refer to the table of Cash-to-Crypto Pairs to find common cryptocurrencies for other cash currencies.

  • •

    Bitcoin (BTC) and Ethereum (ETH) will work for all cash currencies.

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