Yes, Kraken requires full KYC verification. Kraken is a fully regulated and licensed crypto exchange located in the United States.
Without identity verification, you can not use Kraken services. If you want to trade, deposit, and withdraw on Kraken, you must verify your identity by providing personal information.
Kraken KYC Requirements
In order to verify your identity on Kraken, you must submit personal information, including government-issued documents and proof of residence.
There is just one verification level on Kraken.
Identity Verification – Level 1 KYC
The requirements for the first KYC level are as follows:
- Personal Details
- Government-issued ID
- Facial Recognition (selfie)
Kraken Withdrawal Limits
The daily withdrawal limits on Kraken vary based on your identification level. Refer to the table below for further information. The limits apply for a 24-hour duration. Note that Kraken differentiates between Kraken Intermediate and Kraken Pro users.
Refer to this article for further information
| KYC Level | Kraken Intermediate Limit | Kraken Pro Limit |
|---|---|---|
| Level 1 KYC | $500,000 | $10,000,000 |
FAQ
Does Kraken require KYC?
Yes, Kraken requires KYC verification. That means you must go through the identification process; otherwise, you can not use Kraken products and services.
How long does Kraken Verification take?
The Kraken verification process usually takes 30 minutes. However, in some cases, Krakens KYC identification may take up to 5 days.
Is Kraken legitimate?
Kraken is one of the largest crypto exchanges, with over 30 million users. What we love about Kraken is its strong regulatory standing all around the world, including the US.
While Kraken appears to be a legitimate crypto exchange, we recommend storing your funds in your personal hardware wallet. Not your keys, not your cryptos.
Is Kraken available in the United States?
Yes, Kraken is available in the United States.
