Kraken Deposit Guide

Kraken.com is a cryptocurrency exchange. It’s a secure, trustworthy crypto exchange platform, that allows trades between several FIAT currencies and crypto tokens. When compared to other exchanges, Kraken is one of the best choices for trustworthiness. Kraken has never been hacked due that it keeps most of its currency offline. It also offers users a two-factor authentication for their accounts.

Since Kraken is not a wallet, we recommend to use it from your preferred wallet, where we have deposited you to turn the funds in any currency. For that reason, we are not including the guide to deposit from your preferred Sportsbook to your wallet. You can use a different exchange wallet such as Coinbase, CEX.IO and BITSTAMP or any of the available withdraw options.

Kraken is not a wallet:

They provide the customers the ability to deposit funds to their corporate hot and cold wallets for safekeeping while the funds are being exchanged or used for trading but do not provide a personal wallet service.

Kraken is not a bank:

Cryptocurrency exchanges do not qualify for deposit insurance programs for each of their clients because exchanges are not savings institutions.

This means that the funds should only be sent to exchanges for exchanging or trading, not for saving.

Kraken is not a broker

In traditional financial exchanges, direct market access is restricted to a handful of institutions. As a result, mainstream clients need to use brokers to participate. At Kraken, we give direct market access to any verified client – making brokers obsolete, this means that:

  • Their support team cannot manage (create, modify, or cancel) orders on the user’s behalf. It is one of the ways they ensure client security.
  • If someone claims to be a cryptocurrency broker, it’s almost definitely a scam.

Kraken is not an investment fund or advisor

Listing a cryptocurrency on their exchange does not constitute an endorsement by Kraken, nor in any way a recommendation to buy (or sell) the asset or participate in the associated network.

Kraken is not a shop

Kraken is not the one selling or buying cryptocurrencies from you as a user. This means that if by any chance a user messes up an order, they are not able to refund it and also, they have no control over the price.

How to create an account on Kraken

Creating a Kraken account is the first step towards accessing the services that Kraken offers.

  1. Visit the official Kraken site on https://www.kraken.com.
  2. Click on the “Create account”-button in the upper-right corner.
  3. Enter your email address, a username (check username tips and requirements) and a strong password (you can also see passwords tips and requirements) on the signup form. Please note the username cannot be changed.
  4. Read and agree (with a check) on the Terms of Service and Privacy Policy and then click the “Sign Up” button.
  5. You should receive an activation email containing an activation key.
  6. Enter your activation key on the account activation form, or alternatively complete activation by clicking the link in the email.
  7. Confirm your password, complete the captcha if asked, and click the “Activate Account” button.

How to get verified on Kraken

After activating your account, you need to verify so that you can allow funds to be deposited and trades start to be made.

  1. Login to your account at https://kraken.com/sign-in .
  2. Click on your profile icon on the upper-right corner of the page.
  3. Select the Get Verified option from the drop-down menu.
  4. Press the purple “Get Verified” button of the account type you want to apply for.

Each level enables more funding options and higher limits, with Pro being the highest available.

Due to international and local financial regulations, there are few geographic restrictions.

Verification processing time

All information and documents the user submits for account verification are reviewed through an automated or manual verification methods. Depending on which method can be used to verify your details, account verification times can vary.

LevelEstimated Processing TimeMethod of Verification
Starter1-60 MinutesAutomated*
Intermediate1-6 HoursManual
Pro-Individual1-5 DaysManual
Pro-Corporate5+ DaysManual

*If the application requires manual review, processing can take a few days.

Sportsbook Company’s interest is to send your funds as soon as you need it. If you have any problems with any withdrawal request, please contact the customer service representatives to receive assistance.


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