how to fund kraken account with usd

To fund a Kraken account with USD via SWIFT, account holders must contact Kraken support to receive bank details and include their account ID as a reference in the transfer.

Oct 30, 2024 at 01:43 pm

How to Fund Your Kraken Account with USD

Step 1: Select a Deposit Method

• Bank transfer (ACH)
• SWIFT (USD)

Step 2: Initiate a Deposit

Method 1: Bank Transfer (ACH)

• Sign in to your Kraken account.
• Navigate to "Funding" > "Deposit."
• Select "ACH (USD)."
• Enter the deposit amount and payment details.
• Confirm the transaction.

Method 2: SWIFT (USD)

• Contact Kraken support to obtain bank account details for SWIFT transfers.
• From your bank, initiate a SWIFT transfer to the provided account.

• Include the following information:

  • Your Kraken account ID (reference)
  • Deposit amount

Step 3: Verification and Processing

• For both methods, the deposit will be verified and processed by Kraken.
• ACH deposits typically take 1-5 business days.
• SWIFT deposits may take 3-5 business days.

Step 4: Funds Availability

• Once the deposit is processed, the USD funds will be available in your Kraken account.
• You can use the funds to trade cryptocurrencies or purchase products/services on Kraken.

Additional Notes:

• The minimum deposit amount for ACH is $10.
• The minimum deposit amount for SWIFT is $50.
• Kraken may charge a processing fee for deposits. Refer to the Kraken fee schedule for details.
• Deposits are subject to Kraken's verification and compliance procedures.
• Ensure you verify the recipient account details before initiating a SWIFT transfer.