Clients have new options to deposit and withdraw USD, EUR, CAD, GBP and JPY globally through Etana Custody
Kraken’s focus on delivering financial freedom means giving our clients more choice when it comes to managing their assets. In collaboration with Etana Custody, almost every Kraken client across 180+ countries has access to new funding options in five major currencies – USD, EUR, CAD, GBP and JPY. The new options are available to Intermediate and Pro accounts (Starter accounts can upgrade to get access).
For more on Kraken fiat funding options please click here.
How does funding with Etana Custody work?
Clients create and verify an Etana Custody Wallet for holding funds. After registering their bank account, clients can wire funds between their bank and their Etana Custody Wallet. Wire transfers between the bank and Etana Custody Wallet carry the normal wire processing time of 1-5 business days.
The Etana Custody Wallet is automatically connected with the client’s Kraken account and the five major currencies are freely and quickly transferable between accounts. To deposit, wires are sent to Etana, then quickly credited to the client’s Kraken account. To withdraw, funds are quickly debited from the client’s Kraken account, where they can be held in the Etana Custody Wallet, or wired to the client’s bank account.
Other benefits the Etana Collaboration will provide:
- Etana provides currency conversion for many fiat currencies. Clients can wire almost any currency to their Etana wallet, then convert to one of the five major currencies to fund their Kraken account
- In cooperation with Etana, Kraken markets are now available through the Meta Trader (MT4 or MT5) trading platforms. Interested traders should ask their broker to contact us at: https://support.kraken.com/hc/en-us/requests/new?ticket_form_id=360000439852
How do I get started with Etana?
What are the funding limits and fees?
Full details on limits and fees can be found in our Support Center.
FAQs
Cryptocurrency Trading
In the early days of crypto, exchanges differentiated themselves by the types of coins they offered and the fees they charged per trade. As of May 2024, Kraken's platform supports 268 tokens and supports the use of seven fiat currencies on its exchange.
What is the funding method for Kraken? ›
Use your phone's digital wallet, a bank transfer, or a qualifying credit or debit card to make purchases instantly. We also offer an expanded set of funding options for our corporate-level clients, such as USD international wire transfers.
Can you trade currencies on Kraken? ›
Buy and sell the world's largest currencies
You know Kraken as the premier trading venue for today's most exciting financial innovations, now we're bringing that enterprising mindset to the world's largest market.
Does Kraken accept USD? ›
Sign in to your Kraken account and click on the Deposit button on your home page. Search for the currency you wish to deposit and click on it, in this case US Dollar (USD). Select the Fund directly tab. Enter the amount you wish to deposit and click Add new account.
What are the limits on Kraken? ›
Cash limits
| Daily (24 hour) | | |
|---|
| Daily (24 hour) | Intermediate | Pro |
| Daily (24 hour) Deposit | $100,000 | $10,000,000+** |
| Daily (24 hour) Withdraw | $100,000 | $10,000,000+** |
In order to use the Kraken app, you will need to verify your account to Intermediate or Pro level. The app is available in all regions except Crimea, Donetsk, Luhansk, Cuba, Iran, North Korea and Syria.
Why does Kraken hold funds? ›
Certain deposits, such as first time ACH purchases, Paypal, debit or credit card purchases or digital wallet purchases will trigger a temporary (72 hour) withdrawal hold on the account, for security purposes.
What is the funding rate in Kraken? ›
Funding rate mechanism
If the price of the swap contract is higher than the market price of the underlying asset, the contract's funding rate is said to be positive. In this situation, when the contract is trading at a premium (above the spot price), long position holders pay short position holders a funding rate fee.
Is money safe on Kraken? ›
Not only does Kraken offer safe coin storage, with 95% of deposits held offline in cold storage units spread across the world, but it also promises platform security. Its servers are kept in secure cages under 24/7 surveillance by armed guards and video monitors.
Can I withdraw USD from Kraken? ›
- Enter the amount you wish to withdraw and click on Review Withdrawal. - Do not use punctuations or currency symbols (use 1000 instead of €1,000). - Check that the details are correct and click Withdraw USD to confirm the withdrawal.
Kraken Exchange is a platform that facilitates the buying, selling, and trading of cryptocurrencies. It acts as an intermediary between buyers and sellers, providing a marketplace for clients to exchange digital assets. Kraken Exchange has full custody of the crypto assets on the platform.
Is Kraken a broker or exchange? ›
Kraken.com is a cryptocurrency exchange. This means we match orders from clients who want to buy cryptocurrencies with orders from clients who want to sell cryptocurrencies (or vice versa).
Is Kraken allowed in the USA? ›
Where can I use Kraken? We welcome clients from all over the world, with a few specific exceptions due to international and local financial & cryptocurrency regulations. Depending on your verified residency, you may have certain restrictions on your account.
What are the Kraken funding methods? ›
How can I deposit funds into my Kraken account?
- Visa and Mastercard debit/credit card.
- Digital wallet purchases.
- ACH online banking.
- Etana Custody - USD, EUR, GBP, CAD, JPY deposits and withdrawals.
- Bank Frick - USD, EUR, CHF, GBP, CAD deposits and withdrawals.
- Plaid - EUR, GBP and USD deposits.
- MVB Bank - USD deposits and withdrawals.
- Fidor Bank AG - EUR deposits and withdrawals.
- Canada Post (In-Person Payment) - CAD deposits.
Sign up to buy and sell 200+ cryptocurrencies.
What chains does Kraken support? ›
Kraken Wallet supports the native token for each supported network. This includes Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Dogecoin (DOGE), and Blast (BLAST). Additionally, Kraken Wallet supports thousands of tokens, offering you unparalleled access to the crypto ecosystem.
Which is better, Kraken or Coinbase? ›
Kraken vs Coinbase cryptocurrency exchange overall score comparison reveals that Kraken has a higher overall score of 9.4, while Coinbase gathered an overall score of 9.1. If we look at the ease of use, it's clear that in this Kraken vs Coinbase comparison, Kraken has better & smoother user experience than Coinbase.
What coins can be staked on Kraken? ›
Currently we offer On-chain staking for Algorand (ALGO), Cardano (ADA), Celestia (TIA), Cosmos (ATOM), Dymension (DYM), Ethereum (ETH), Flare (FLR), Flow (FLOW), Kava (KAVA), Kusama (KSM), Polygon (MATIC), Mina (MINA), Polkadot (DOT), Sei (SEI), Solana (SOL), Secret (SCRT), Tezos (XTZ), The Graph (GRT) and Tron (TRX).
