kraken how long to withdraw

Bitcoin withdrawals from Kraken are processed in an average of 1-2 hours, making it a relatively fast option compared to other cryptocurrencies.

Nov 01, 2024 at 06:50 pm

Kraken: Withdrawal Processing Times

Kraken, one of the leading cryptocurrency exchanges, processes withdrawals differently depending on the withdrawal method and cryptocurrency chosen. Here's a breakdown of the approximate withdrawal processing times for various cryptocurrencies:

1. Blockchain Withdrawals

Bitcoin (BTC): 1-2 hours
Ethereum (ETH): 1-2 hours
Tether (USDT): 1-2 hours
Ripple (XRP): 1-2 hours
Litecoin (LTC): 1-2 hours
Bitcoin Cash (BCH): 1-2 hours
Dash (DASH): 1-2 hours
Monero (XMR): 1-2 hours
Zcash (ZEC): 1-2 hours

2. Bank Transfers

Standard SEPA (Europe): 1-3 business days
Express SEPA (Europe): Instant
SWIFT (International): 3-5 business days
Faster Payments (UK): Instant
ACH (United States): 1-3 business days

3. Third-Party Withdrawal Services

PayPal: 1-3 business days
Skrill: 1-3 business days
Neteller: 1-3 business days
Trustly: Instant (with a daily limit)

4. Considerations

These are approximate processing times, and actual withdrawal times may vary depending on network congestion and other factors.
Kraken typically processes withdrawals on a first-in, first-out basis.
Bank transfers may take longer than indicated due to banking procedures and intermediary bank processing.
Users should ensure that they provide accurate withdrawal details to avoid delays.
If a withdrawal is not processed within the estimated timeframe, users can contact Kraken support for assistance.

5. Conclusion

Kraken offers various withdrawal options to meet the needs of its users. Processing times vary depending on the withdrawal method and cryptocurrency chosen, but they are generally within the industry standard.

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