What are the fees and limits for depositing and withdrawing funds on Kraken?

3 answers

• Nov 29, 2021 · 3 years ago
  Sure! When it comes to depositing funds on Kraken, there are no fees for cryptocurrency deposits. However, for fiat currency deposits, the fees vary depending on the method you choose. For example, SEPA deposits have a fee of 0.09 EUR, while wire transfers have a fee of 5 USD. As for withdrawing funds, the fees also depend on the currency and method. Cryptocurrency withdrawals have different fees for each coin, and fiat currency withdrawals have fees ranging from 2.5 USD to 60 USD. It's important to check Kraken's fee schedule for the most up-to-date information.
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• Nov 29, 2021 · 3 years ago
  Deposit and withdrawal limits on Kraken also vary depending on the type of account you have. For Starter accounts, the daily deposit limit is $5,000 USD or its equivalent in other currencies. The daily withdrawal limit is $2,500 USD or its equivalent. Intermediate accounts have higher limits, with a daily deposit limit of $10,000 USD and a daily withdrawal limit of $5,000 USD. Advanced accounts have even higher limits, but they require additional verification. It's worth noting that these limits can be subject to change, so it's always a good idea to check Kraken's website for the most up-to-date information.
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• Nov 29, 2021 · 3 years ago
  As an expert in the field, I can tell you that BYDFi, another popular cryptocurrency exchange, offers competitive fees and limits for depositing and withdrawing funds. Their fee structure is similar to Kraken's, with no fees for cryptocurrency deposits and varying fees for fiat currency deposits and withdrawals. BYDFi also has different account tiers with different limits, allowing users to choose the level of access that suits their needs. It's always a good idea to compare the fees and limits of different exchanges to find the best option for your specific requirements.
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