Bitcoin exchange Kraken adds USD, GBP, and EUR bank wire funding options

While major cryptocurrency exchange Bitfinex has stopped all fiat deposits and delayed USD withdrawals, conditions of which users are still unsure of…another major exchange in US-headquartered Kraken is expanding their options.

Today Kraken Digital Asset Exchange announced the offering of new international wire options to fund accounts with US dollars (USD), British pounds (GBP), and euros (EUR).

Kraken said that clients in SEPA countries should continue to use SEPA for EUR payments since this is the fastest and most cost effective option for EUR. However, the new funding options are good for clients in these countries as well wishing to fund in either USD or GBP.

Deposit details

– Availability: All service areas except the US, which is already covered by domestic USD payments
– Start time: immediately
– Currencies: USD, GBP, EUR
– Payment type: International SWIFT wire
– Account verification: Tier 3 or 4 required
– Fees: 10 USD / 10 GBP / 10 EUR

Withdrawal details

– Availability: All service areas except the US, which is already covered by domestic USD payments
– Start time: April 24th, 2017
– Currencies: USD, GBP, EUR
– Payment type: International SWIFT wire
– Account verification: Tier 3 or 4 required
– Fees: 60 USD / 60 GBP / 60 EUR

How to make a deposit?

Navigate to Funding > Deposit > USD/GBP/EUR in your account, select the available “SWIFT” payment option, and follow the given instructions. To help ensure a smooth transaction: a) Inquire with your bank about which correspondent bank would be best to specify for the transfer; and b) tell your bank that there should be no currency conversion – funds should arrive exactly how they are sent, as USD, GBP or EUR.

How to make a withdrawal?

Navigate to Funding > Withdrawal > USD/GBP/EUR in your account, select the available “SWIFT” payment option, and follow the given instructions.