How To Withdraw Money From Kraken To Bank Account (Full Guide)

• How to Get Your Cash from Kraken to Your Bank Account (The Easy Way)**

Getting your money out of Kraken and into your bank isn't too hard,(888.229.756l) but it's smart to pay attention to a few things like fees, how long it takes, and keeping things safe. Whether you're taking out crypto profits or just moving regular money, this guide will walk you through it.

• What's Inside:**

1. Which Currencies and Banks Work**
2. How to Actually Take Money Out (Step-by-Step)**

• Bank Wire (SWIFT/FedWire)
• SEPA (For Euros)
• ACH (For USD in the US)

1. What Kraken Charges & How Long It Takes**
2. How Much Can You Take Out? (Limits & Verification)**
3. Problems? Here's How to Fix 'Em**
4. Staying Safe When You Take Money Out**
5. Quick Answers (FAQ)**

• 1. Which Currencies and Banks Work?**

Kraken lets you take money out in these currencies:

• USD** (using FedWire, SWIFT, or ACH)
• EUR** (using SEPA or SWIFT)
• GBP, CAD, CHF, AUD** (using SWIFT)
• Heads up:** Make sure your bank canactually use the transfer method you pick (like SEPA for Euros, or FedWire for USD).
• 2. How to Take Money Out, Step-by-Step**
• A. Bank Wire (SWIFT/FedWire) – Best if You're Taking Out a Lot**

1. Sign in** to Kraken.
2. Click on **Funding then Withdraw**.
3. Pick the currency you want to take out (like **USD, EUR, or GBP**).
4. Pick **Bank Transfer (SWIFT/FedWire)**.
5. Type in your **bank info** (account number, SWIFT/BIC code).
6. Double-check the amount** and what the fees are.
7. Send it off** (you might need to use 2FA to prove it's you).
8. It'll take **1 to 5 business days** to show up.

• B. SEPA (For Euros) – Quick & Cheap in Europe**

1. Sign in**, then go to **Funding> Withdraw**.
2. Pick **EUR** and then **SEPA Transfer**.
3. Type in your **IBAN and bank details**.
4. Say how much you want to take out.
5. Make sure it's right, then send it** (usually shows up in **1 business day**).

• C. ACH (For USD in the US) – Only in the US, Cheap Fees**

1. Sign in**, then click **Funding> Withdraw**.
2. Pick **USD** and then **ACH Transfer**.
3. Type in your **US bank info** (routing and account number).
4. Send it off** (takes **1 to 3 business days**).

• 3. Kraken's Fees and How Long It Takes**

| Withdrawal Method | Fee | Time |

| :---------------------- | :-------------- | :------------ |

| FedWire (USD) | $4-$35 | 1-2 work days |

| ACH (USD) | Free (Kraken pays) | 1-3 work days |

| SEPA (EUR) | €0.90 | 1 work day |

| SWIFT (Worldwide) | $10-$35 (depends on bank) | 2-5 work days |

• Keep in Mind:** Your bank might also charge a fee to receive the money.
• 4. How Much Can You Take Out & What Verification Do You Need?**
• Starter (Tier 1):** Can't take out money to a bank.
• Intermediate (Tier 2):** Daily limit changes (like $10K for USD).
• Pro (Tier 3):** Big limits (up to $10M+ for companies, etc.).
• Want to Take Out More?**

1. Verify your identity (KYC - Know Your Customer stuff).
2. Show proof of where you live.
3. Reach out to Kraken to try and get approved for higher limits.

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• 5. Uh Oh, Problems?**
• A. It's Taking Too Long**
• Why:** Bank holidays, someone is checking it manually, or you typed something wrong.
• What to do:** Double-check your bank info. If it's been more than 5 days, contact Kraken.
• B. Bank Said No**
• Why:** The name doesn't match, or they don't support that currency.
• What to do:** Make sure the name on your Kraken account is the same as the name on your bank account.
• C. Where's My Money?**
• Why:** Still processing, or you goofed up the account details.
• What to do:** Check where it is under **Funding> History**.
• 6. Staying Safe When Taking Money Out**
• Use 2FA!** (Get Google Authenticator or a YubiKey).
• Only let Kraken send money to bank accounts you trust** (you can set this up in Kraken).
• Don't use public Wi-Fi** when you're taking money out.
• Be careful about emails from Kraken** (watch out for scams).
• 7. Quick Answers (Kraken Withdrawal FAQ)**
• Q1: How long does it take?**
• SEPA (EUR):** 1 business day.
• ACH (USD):** 1-3 business days.
• SWIFT (Worldwide):** 2-5 business days.
• Q2: What's the Cheapest Way?**
• ACH (USD):** Free (Kraken covers it).
• SEPA (EUR):** Just €0.90.
• Q3: Why Can't I See My Money?**
• Check **Funding History** to see where it is. If it's still pending, wait or contact Kraken.
• Q4: Can I Stop a Withdrawal?**
• Nope**, once it's sent, you can't cancel it.
• Q5: What's the Smallest Amount I Can Take Out?**
• ACH (USD):** $1
• SEPA (EUR):** €1
• Wire/SWIFT:** Depends on your bank (usually $50 or more).
• Q6: Does Kraken Charge Fees?**
• Yes, but **ACH is free**, and other ways have different fees.
• Wrapping Up**

Taking money from Kraken to your bank is safe and pretty easy if you do it right. Pick the best way to transfer based on speed and fees, make sure your bank info is spot-on, and always be careful.

If you need it fast, **FedWire (USD) or SEPA (EUR)** are your best bets. And if you run into any problems, Kraken's support is around 24/7.

• Still got questions?** Ask away in the comments!

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