Kraken Sets Funding Options

Digital currency exchange Kraken is now supporting wire transfer deposits and withdrawals in US dollars (USD), euros (EUR) and British pounds (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
Currencies: USD, GBP, EUR
Payment type: International SWIFT wire
Account verification: Tier 3 or 4 required
Fees: 60 USD / 60 GBP / 60 EUR

Users can deposit by navigating to Funding > Deposit > USD/GBP/EUR in their account and select the available SWIFT payment option. Users can perform withdrawal by following similar steps.

According to the company, users in Single Euro Payments Area (SEPA) countries should continue to use SEPA for EUR payments, since this is the fastest and most cost effective option in these countries. However, the new funding options are good for clients in these countries wishing to fund in USD or GBP.