How can you use crypto on Kraken?

FAQ

Learn more about cryptocurrency

1. How do beginners buy cryptocurrency?

   While Kraken makes it easy for anyone to buy cryptocurrency, beginners should first do their own research (and may consider seeking professional advice) before making decisions about whether or not to buy digital currencies. After learning about cryptocurrency, beginners can use Kraken to buy crypto in moments with as little as $10.

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2. Is cryptocurrency available to buy and sell in my country?

   Please check our Support article to see what cryptoassets are available in your country.

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3. Is cryptocurrency a good investment?

   The short answer is, it depends on your own individual circumstances and risk tolerance. For those that see a long term prospect behind decentralization, cryptocurrency may be a worthwhile purchase.

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4. Can I purchase cryptio using my local currency?

   Kraken supports six different government-issued fiat currencies including:

   • US dollars (USD)
   • Euros (EUR)
   • Canadian dollars (CAD)
   • Pounds sterling (GBP)
   • Swiss franc (CHF)
   • Australian dollar (AUD)

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5. What are the transaction fees for buying crypto?

   Kraken offers a competitive fee structure based on transaction size, asset, payment method and market conditions. Learn more about Kraken’s fee structure.

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6. Can I buy crypto with other cryptocurrencies?

   Yes, Kraken makes it easy to purchase crypto using hundreds of other cryptocurrencies. Browse the cryptocurrency markets available on Kraken to see how much it costs to buy with other cryptocurrencies.

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7. Will I owe taxes when buying and selling cryptocurrency?

   Each country handles cryptocurrency taxes differently. It’s recommended you speak with a local professional tax advisor before making any digital asset purchases or reporting your crypto taxes.

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8. Can I transfer crypto from Kraken to my wallet?

   Yes, the cryptocurrency you buy on Kraken is yours. Kraken makes it easy to withdraw your crypto to any hot wallet or cold wallet that supports it. Simply enter the external wallet address and your crypto will be in your wallet a few moments later.

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9. Is it safe to leave cryptocurrency on Kraken?

   We take every measure possible to keep the cryptocurrency you choose to leave on Kraken secure and accessible to you. While we still believe the safest place for your crypto is in your own cryptocurrency wallet, we constantly strive to be as transparent and secure as possible when you trust us with your digital assets. Learn more about our globally-recognized security standards.

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