What are the deposit and withdrawal fees on Kraken? (Fee Schedule)

Deposit Fees on Kraken

1. Bank wire deposits in USD incur a flat fee of $5 for domestic transfers and $40 for international wires.

2. SEPA transfers for EUR deposits are free for verified users, while non-verified accounts face a €10 charge per deposit.

3. Deposits made via Fedwire for USD are subject to a $10 fee when initiated from certain U.S. banks.

4. Crypto deposits are generally free across all supported assets, including BTC, ETH, XRP, and LTC.

5. Deposits using Faster Payments for GBP carry no fee for standard-tier users, but Kraken Pro users enjoy zero-cost processing without tier restrictions.

Withdrawal Fees on Kraken

1. Bitcoin (BTC) withdrawals cost 0.0005 BTC for standard users; Kraken Pro users pay the same rate but benefit from dynamic fee estimation during high network congestion.

2. Ethereum (ETH) withdrawals are priced at 0.008 ETH, with no reduction based on trading volume or account level.

3. USDT (ERC-20) withdrawals require 0.0005 ETH to cover gas, while USDT (TRC-20) withdrawals cost 1 TRX — both values fluctuate depending on underlying chain conditions.

4. Withdrawals of fiat currencies vary: USD wire withdrawals cost $5 domestically and $40 internationally; EUR SEPA withdrawals are free, but SWIFT transfers incur €20.

5. XRP withdrawals are fixed at 0.02 XRP, and this amount is non-negotiable regardless of account verification status or trade history.

Fee Structure by Account Tier

1. Starter accounts have no withdrawal fee discounts but retain access to all crypto deposit channels without surcharge.

2. Intermediate accounts unlock reduced fees on select stablecoin withdrawals, such as USDC on Solana at 0.00001 SOL instead of the base 0.00002 SOL.

3. Pro accounts receive priority routing for on-chain withdrawals, resulting in faster confirmations but not lower nominal fees.

4. Institutional clients negotiate custom fee schedules, often achieving up to 40% reduction on fiat withdrawal costs under multi-year agreements.

5. All tiers share identical deposit fee policies for cryptocurrency, with no exceptions tied to volume or KYC level.

Network-Specific Considerations

1. Kraken enforces minimum withdrawal amounts that vary per asset: 0.001 BTC, 0.01 ETH, and 100 ADA — failure to meet these triggers an “insufficient balance” error.

2. Some tokens like MATIC (Polygon) and AVAX (C-Chain) require users to manually select the correct network; sending via wrong RPC endpoints results in permanent loss.

3. Ripple (XRP) withdrawals mandate a valid destination tag — omission leads to delayed or failed transactions with no automatic recovery mechanism.

4. Solana-based tokens require a memo field for certain partner integrations, though Kraken auto-fills it when withdrawing to known exchange addresses.

5. Arbitrum and Optimism withdrawals display estimated confirmation times ranging from 3 to 12 minutes, independent of fee selection.

Frequently Asked Questions

Q: Does Kraken charge fees for converting fiat to stablecoins before withdrawal?Yes. Converting USD to USDC incurs a spread-based cost equivalent to 0.15% of the converted amount, applied at execution time.

Q: Are there hidden fees when withdrawing to hardware wallets?No hidden fees exist, but Kraken applies standard on-chain fees. Users must ensure sufficient native token balance (e.g., ETH for ERC-20) to cover gas separately.

Q: Can I cancel a crypto withdrawal after submission?No. Once broadcast to the blockchain, withdrawals are irreversible. Kraken does not provide cancellation or reversal functionality.

Q: Do staking rewards withdrawn from Kraken’s Earn program carry additional fees?Staking reward withdrawals follow the same fee schedule as regular crypto withdrawals — no premium or discount applies.