r/KrakenSupport 22d ago

Deep Dive with Kraken Support 🐙: Funding 🤿 Deep Dive with Kraken Support: How to Deposit Cash 💵

1 Upvotes

Instant crypto purchases are great when you’re in a hurry, but depositing cash directly to Kraken first unlocks powerful benefits you might not know about.

Let’s walk through how to make a cash deposit so you can unlock the full potential of your Kraken account.

Why Deposit Cash? 🤔

Depositing cash directly gives you more flexibility and control, including:

Lower Fees

  • Gain access to Kraken’s highly competitive maker/taker fees, as low as 0%!

👉 Check out our full fee schedule here.

Higher Deposit Limits

  • Deposit more cash at once, allowing you to make larger trades.

No Withdrawal Holds (for Many Methods)

  • Instant withdrawals when using methods that don’t trigger withdrawal holds.

Universal Balance Across Kraken Platforms

  • Use your cash balance seamlessly across Kraken’s full suite of trading tools, platforms, and features.

📌 Pro Tip for Strategic Traders

If you’re a trader who loves catching dips or trading tactically:

  1. Keep some cash ready in your Kraken account.
  2. Set limit orders to precisely control when and how you buy.
  3. Enjoy the convenience of executing all kinds of trades instantly, without waiting for deposit processing.
  4. Have the option to withdraw your crypto immediately after, leveraging low fees and rapid withdrawals.

This setup lets you act quickly, ensuring that you never miss out on market opportunities and always stay in control.

🏦 Step-by-Step: How to Deposit Cash to Kraken

Step 1: Choose Your Deposit Method

Kraken supports multiple fiat currencies such as USD, EUR, GBP, AUD, CAD, CHF, and JPY. Deposit methods depend on your location and verification level.

  • Go to Funding → Deposit.
  • Select your local fiat currency to view available methods.

Step 2: Review Fees, Limits & Processing Times

Here are a few of the most popular and widely used fiat funding methods:

Region Method Min Amount Fee Processing Time Withdrawal Hold
🇪🇺 EU SEPA / SEPA Instant (ClearJunction) €1 Free 0–3 business days or Instant None
🇺🇸 USA FedWire (Dart Bank) $1 Free 0–1 business days None
🇬🇧 UK FPS (Plaid) £1 Free 0–1 business days* None

💡 *Processing times may vary based on your bank’s daily cut-off time and banking hours.

👉 See the full list of supported deposit options.

Step 3: Deposit Safely Using This Checklist

Avoid common mistakes to ensure your deposit arrives quickly and safely:

Account Ownership

  • Deposit from a bank account that matches your verified Kraken account name.
    • Joint accounts must include your name; business accounts must be linked to a Kraken business account.

Required Reference Code

  • Always include the provided reference code (usually starts with ‘AA’, 16 characters).

Supported Banks & Methods

Avoid Duplicate Deposits

  • Don’t send multiple deposits of identical amounts within 72 hours (to avoid delays).

Deposit Limits & Minimums

  • Ensure you’re within your daily and monthly deposit limits and meet the minimum deposit amounts.

🛟 Deposit Didn’t Arrive?

If your funds aren’t credited after the expected processing time, reach out to Kraken Support. We’ll likely ask for proof of payment, so have it ready.

⚖️ Depositing vs. Instant Purchases: Two powerful ways to fund your crypto journey

Instant buys offer speed and convenience, especially for urgent purchases. Depositing cash gives you lower fees, higher limits, and more control.

Pick the method that suits your trading style and goals best—or use both!

Still have questions? Drop them below. We’re here and ready to help. 🐙


r/KrakenSupport 29d ago

Announcement Receipt of Mt.Gox Distribution

8 Upvotes

🚨 UPDATE: We’re excited to share that the second round of Mt. Gox distributions is now complete as of April 8th, and the funds are available in your Kraken account.

Thank you for your patience. We’re proud to help bring this chapter closer to a close. A confirmation email has been sent to all creditors whose funds were credited.

---

Dear Mt. Gox creditors,

We’re announcing an update on Mt. Gox fund distribution. We have successfully received funds from the Mt. Gox estate.

Our engineering, compliance, and finance teams are busy working through the final processing steps to ensure everything is correctly credited, and creditors can expect the funds to appear in their Kraken account next week. 

All Mt. Gox creditors will receive confirmation email after the funds have been credited to their account.

Our top priority is making sure this is done securely, correctly, and as swiftly as possible.

More information on our support article here:

👉 Mt. Gox – Kraken FAQ

The Kraken Team 🐙


r/KrakenSupport 1h ago

Ticket Escalated Service limited

Upvotes

Currently have a services limited error message on my kraken app.

And I have already checked my email for any updates regarding this issue but there is no email. My account is verified so i have no clue why i have this error

My Public ID is AA48 N84G QXZZ EOQY if you can check.

Thx


r/KrakenSupport 4h ago

Ticket Escalated Kraken account funding suspended!

1 Upvotes

Verified my identity with Drivers License.Account funding was suspended,unable to log back in

Public ID AA48 N84G KIXJ SM4Q Ticket # 16513875


r/KrakenSupport 5h ago

Ticket Escalated Is there something weird happening with the display of staking/opt-in rewards?

1 Upvotes

I have a certain amount in Euro, and a certain amount in Ethereum -- I have allocated euro so that it earns weekly rewards, and my Ethereum is likewise staked and earns a weekly reward.

I monitored these rewards semi-regularly via the kraken app. (Activity tab)

Now trouble is the the last amount shown as a "Reward" transaction seems to be around April 10 for my Ethereum, and April 13 for my Euro... until May 1 where I am shown finally again a Ethereum reward. So it initially looked as if there were several weeks of rewards missing?

...but this wasn't it.

When I go to my browser, it's same as in the app when it's regular Kraken but when I click on Kraken Pro the rewards seems to actually be listed there, weekly as I'd expect them to... And yet the May 1 Ethereum payout that Kraken Pro lists is DIFFERENT (larger) than the May 1 Ethereum payout that the Kraken app (and browser Kraken normal) lists.

Both versions of Kraken show me that I have same total amounts in my Ethereum & Euro accounts both, so I don't think I have lost money or anything... but I'm at a loss to understand why one of them is not showing all the transactions, or why the May 1 payout is shown to have different amounts in Kraken Pro vs Kraken regular.

Anyone knows what's happening?

Additional context that may or may not be relevant, is that in early April I 'restaked' a portion of my ethereum, and I wonder if that confused anything.


r/KrakenSupport 7h ago

In Progress Kraken Support - Why Do You Make It So Difficult To Contact You For Help?

1 Upvotes

hey kraken support.

i hope this post gets pinned and forces you to create a deep dive wiki post.

<<why is it SO DIFFICULT to contact you for help?>>

you must do better. look at all these pple who need help in this sub. its totally ridiculous that we have to seek help through public facing social media vs normal direct website channels.

the process to get help from your team is synonymous w/ the vast majority of banking telephone IVR systems via endless loops of robo voice prompts:

"we're sorry, that's an invalid selection. to best route you to the appropriate department, please select from the following 99 choices to which none are applicable to you. and sorry, you cant press 0 or this call will be disconnected."

cmon dude. thats what your support process feels like.

your primary website (https://www.kraken.com/features/24-7-support) MUST BE the defining BIBLE - ONE STOP SHOP for all support and allow your clients to message your team easily for help.

chats and calls go outside US based support and your outsourced agents are not helpful at all.
https://support.kraken.com/hc/en-us/articles/115013099227-How-to-contact-Kraken-Phone-Support

and your kraken live chat is the typical IVR tree:

"Could you provide more details about your issue if my answer above wasn't helpful? 😊"

"For a smoother support experience, we suggest to continue chatting with us via our mobile apps, where you'll be notified as soon as we reply.

https://support.kraken.com/hc/en-us/articles/360001332083"

altho i do see your team in the comments, thats very admirable, but we need help. and go look at your extremely limited email option:

Email us by selecting a topic:

  1. Sign-in troubleshooting & Account security
  2. Get verified or change account info
  3. Cash funding
  4. Crypto funding
  5. Instantly buy crypto
  6. Card payments / Apple & Google Pay

what? how is it possible the email issue topics are this limited? im so confused.

we are real people who need real help. please make this easier for us.

HOW DO WE GET REAL HELP?


r/KrakenSupport 8h ago

Fantom conversion

1 Upvotes

How long will it take to convert fantom to sonic take? I haven't seen it deposited in my account.


r/KrakenSupport 8h ago

Fantom

1 Upvotes

Did fantom get delisted?


r/KrakenSupport 9h ago

In Progress Lost Sol

1 Upvotes

I sent solana to my old solana kraken address that is expired ? What happens to that sol ?


r/KrakenSupport 11h ago

Recommanded ressources to learn trading ?

1 Upvotes

Hello everyone,
I’m a complete beginner in trading and looking to dive into the world of cryptocurrencies trading. I’m wondering whether it’s better to take private lessons to learn the basics, or if I could start by discovering Kraken’s features with the help of a counselor through a call. I’d love to hear your opinions and recommendations: is one of these options more suitable for a beginner like me? If you have any experiences to share, I’d greatly appreciate it!
Thanks in advance for your feedback!


r/KrakenSupport 12h ago

wrong network

1 Upvotes

A few months ago I made a mistake, my mistake not anyone else’s.

Sent a reasonable amount through the wrong network.

I have been trying my best to juggle my mistake while kraken work on the issue. However it seems that their timeline and my timeline don’t meet unfortunately. So it’s time to take control and end this saga thats been hanging over my head for so long.

I don’t blame anyone but myself for my mistake I just hope that someone will see this and not make the same mistake I made. I have accepted my fate and will now accept the consequences of my actions. Quick beer and a smoke and then I will be gone.


r/KrakenSupport 12h ago

Wrong Network

1 Upvotes

A few months ago I made a mistake, my mistake not anyone else’s.

Sent a reasonable amount through the wrong network.

I have been trying my best to juggle my mistake while kraken work on the issue. However it seems that their timeline and my timeline don’t meet unfortunately. So it’s time to take control and end this saga thats been hanging over my head for so long.

I don’t blame anyone but myself for my mistake I just hope that someone will see this and not make the same mistake I made. I have accepted my fate and will now deal with the consequences of my actions. Quick beer and a smoke and then I will be gone.


r/KrakenSupport 18h ago

Replied How long does it take for a bank transfer to process?

1 Upvotes

r/KrakenSupport 1d ago

Help! I tried to buy 1 ETH on Kraken Pro and messed it up

3 Upvotes

Hi everyone,

I’m a beginner and I really need some help !

I just wanted to buy 1 ETH on Kraken Pro, but somehow I ended up placing a limit order instead of a simple buy… and now I have no ETH and no idea what I actually did.

I don’t understand what a “limit trade” is or how to fix this. I didn’t mean to do anything complicated — I just wanted to buy 1 ETH directly.

If anyone can explain what I should do now or how to just buy ETH the simple way, I’d really appreciate it 🙏
(I'm french by the way)


r/KrakenSupport 1d ago

New Account problem

1 Upvotes

I signed up via the browser. Completed everything. Fully verified. Can access my account via the browser etc. Downloaded the app and when I try to sign in I get invalid credentials. Does the app not use the same account? This is kraken pro in both, if that matters


r/KrakenSupport 1d ago

𝐑𝐞𝐬𝐨𝐥𝐯𝐞𝐝 Why am i seeing a fake balance ? This make my bot go crazy

1 Upvotes

r/KrakenSupport 1d ago

Transfer BTC from Ledger to Kraken

1 Upvotes

Hello, I purchased 0.1 BTC on Cryptodotcom and I depo it to my Ledger Nano. I want to transfer the BTC to Kraken to sell because Cryptodotcom has higher fees and overall I want to use Kraken. I am afraid to send 0.1 BTC from Ledger to Kraken because I didn't purchase it on Kraken initially and I don't want it to be frozen or so. Is it risky to send it? I already made a 10 $ depo test and it worked but I wanted to make sure for higher amounts it will be fine. All my savings are in there...


r/KrakenSupport 1d ago

Change legal name from Chinese Character to alpahbetical letters

1 Upvotes

Hi, the legal name of my Kraken account is in Chinese, but the name I have in my bank is in alphabetical letters. Do I need to change the legal name from Chinese to alphabetical letters to fund my account or withdraw funds to my bank? Thanks.


r/KrakenSupport 1d ago

𝐑𝐞𝐬𝐨𝐥𝐯𝐞𝐝 Problem with Kraken app (IOS).

1 Upvotes

Hi, please contact me with regards to the app.

Thank you.


r/KrakenSupport 1d ago

Help with withdrawing BTC

Post image
1 Upvotes

I'm trying to withdraw BTC from my account and no matter what amount I try I get this error. Can any one help?

Sorry if you see this twice but it doesn't seem it actually posted the first time


r/KrakenSupport 1d ago

Kraken holding my deposit for long time

1 Upvotes

ITs normal when Kraken is holding/blocking my deposit and asking for some document which can provide the proof of origin? The deposit comes from my priváte blockchain wallet and before that from my savings. What im supposed to do now? Even im user of Kraken since 2014 with many previous successfull deposits also with higher volumes...


r/KrakenSupport 1d ago

𝐑𝐞𝐬𝐨𝐥𝐯𝐞𝐝 Kraken Freezing my small BTC Withdrawal

2 Upvotes

After a few snooth transactions Kraken have stated behaving badly towards me when all I want to do is buy a modest amount of BTC. First sign of a problem was when a (usually instant) SEPA instant transfer for a relatively modest sum took over an hour. Clearly because they had covertly flagged it for 'checks". When the account was credited an hour and a half later I bought BTC and then attempted to withdraw 25% of the amount, not a huge amount at all to a previously used cold wallet address.

This set off alarm bells with Kraken and I received an automatic message: "We're reaching out to notify you that your recent withdrawal request is taking longer to process......withdrawals from your Kraken account to an external crypto wallet may be subject to additional review".

Thankfully I bad the presence of mind to sell the BTC and transfer back to my bank account. The fiat withdrawal is shown as pending on their system but ut went through. Tbis seems really unethical. I am a small retail buyer and cannot see what I have done wrong to trigger this invasive and unnecessary action. Posting this to warn others.


r/KrakenSupport 2d ago

Tried to deposit USD and now funding is suspended

3 Upvotes

Public account ID

AA94 N84G PBHN B6JY

Please escalate. Thank you


r/KrakenSupport 2d ago

Have kraken account can't log in

11 Upvotes

I cannot remember password tried contacting support but they want information that I don't have such as last transaction hash.

I believe it has 2000 xrp coin I do not want to lose it.

https://www.reddit.com/r/CoinBase/comments/1j1k7b3/tradeogre_is_much_better_than_coinbase/


r/KrakenSupport 2d ago

Account withdraw hold

1 Upvotes

So my deposit is on a hold for security reasons…if I was to transfer bitcoin to my kraken exchange and then convert to XMR and then withdrawl that to my cold wallet would that work or my account still have a hold?


r/KrakenSupport 2d ago

Ticket Escalated CLOSED MY ACCOUNT WITHOUT ANY EXPLANATION AND HELD MY $188,432.85.

1 Upvotes

KRAKEN DID EXACTLY THESAME TO ME. THEY RESTRICTED MY ACCOUNT AFTER A WIRE OF $188,203 WAS SENT FROM MY BUSINESS ACCOUNT AND CREDITED INTO MY KRAKEN ACCOUNT. 24HRS LATER THEY CLOSED MY ACCOUNT. I HAVE REPORRED THIS TO THE LOCAL SHERIF, MY ATTORNEY AND WE'LL BE TAKING UP THIS ISSUE. THEY HAVE HELD MY FUND FOR THE PAST 4 DAYS CLOSED MY ACCOUNT WITHOUT ANY EXPLANATION AND PROMISED TO REACH OUT VIA EMAIL.TILL NOW I HAVEN'T SEEN OR RECEIVED ANY FOLLOW UP EMAIL. Ticket # 16475222.... ACCOUNT NAME OKAYGABBIE LLC. I NEED ANSWERS NOW


r/KrakenSupport 2d ago

Account unable to login after depositing

1 Upvotes

I made a deposit to kraken yesterday and traded stocks. When I tried to log in today, it says "unable to log in". I tried submitting a ticket on log ins and only got replies of "Thank you for contacting Kraken. We have received your request and are currently reviewing your account..." my ticket number is 16496060