Kraken – Transfer Money to Exchange

Back to step 2: Create an API key at Kraken

Step 3: Transfer money to Kraken

Before the crypto trader can start trading on your behalf, it is important that there are US Dollars (USD) in your own account at Kraken.

To be able to make an optimal return, we advise you to start with at least $1000. See also the explanation in the FAQ.

Advice: Never invest more than you can afford to lose. This applies to every investment. There is always a risk.

Transfer money

Click on Deposit

Choose asset Euro or USD depending on the currency of your country

Choose Deposit method.

Select your preferred deposit method

If this is the first deposit of money on Kraken, there is a good chance that the transaction will be temporarily blocked by your bank and that your own bank will call you. This is because unfortunately there are also criminals who are active with Bitcoin. Just indicate that you are aware that the money is going to the Bitcoin exchange and that this is a conscious choice. The bank then gives the green light and the transaction is received by Kraken. This is only the first time. With subsequent deposits, the payment is received immediately.

Optional: If you have deposited Euros it is important to convert the Euros to Dollars at Kraken. Cryptotrader only trades with Dollars. See the following instructions for this: Converting Euros to USD

As soon as the USD dollars are available in your Kraken account, you can continue with Step 4: Registration at Cryptotrader.online.