Why Is My Kraken Deposit on Hold? – Causes & Solutions
Putting money into your Kraken account should be easy. But sometimes, deposits get stuck **on hold**, which can delay your trading or withdrawals. If you're asking, *Why is my Kraken deposit on hold?*, this guide will break down the usual reasons, how to sort them out, and tips to avoid future holds. (888-684 ☏ 9487)
Table of Contents
1. Common Reasons for Deposit Holds
2. How Long Do Deposit Holds Last?
3. How to Fix a Held Deposit on Kraken
4. How to Prevent Future Deposit Holds
5. FAQs About Deposit Holds
1. Common Reasons for Deposit Holds
Kraken might hold your deposits for security, compliance, or technical issues. Here are the main reasons:
A. Security & Compliance Checks
- **Large or unusual deposits** might need a manual review.
- **Suspected fraud** (like a stolen card or hacked account).
- **Account not fully verified** (higher verification levels can help).
B. Bank Processing Delays
- **Holidays or weekends** can slow things down.
- **SWIFT/wire transfers** can take longer than other methods.
- **Wrong bank info** (like an incorrect account number).
C. Issues with Cryptocurrency Deposits
- **Not enough blockchain confirmations** (Kraken waits for 1-6+).
- **Wrong deposit address or memo tag** (for coins like XRP, XLM).
- **Suspicious crypto activity** (such as links to scams).
D. Account Verification Problems
- **Intermediate/Pro verification incomplete** (needed for fiat deposits).
- **ID verification issues** (blurry or expired documents).
- **Random internal reviews by Kraken**.
2. How Long Do Deposit Holds Last?
| Deposit Type | Typical Hold Duration |
|--------------|-----------------------|
| Bank Transfer (SEPA, ACH, Faster Payments) | 1-5 business days |
| SWIFT/Wire Transfer | Up to 7 business days |
| Cryptocurrency | 10 minutes - 24 hours (depends on confirmations) |
| Manual Review (Suspected Activity) | 1-7 days (or longer if needed) |
**Note:** If your deposit takes longer than it should, **reach out to Kraken Support**.
3. How to Fix a Held Deposit on Kraken
Step 1: Check Your Deposit Status
- Go to **Funding → History** to find out if the deposit says *Pending, On Hold, or Completed*.
- For crypto, you can check the blockchain (like [Etherscan](https://etherscan.io) for Ethereum).
Step 2: Verify Your Account (If Needed)
- Make sure you’ve completed **Intermediate or Pro verification**.
- Upload a **clear ID** (like passport or driver’s license).
Step 3: Contact Kraken Support (If Necessary)
- If the hold lasts **longer than expected**, submit a ticket:
- **Website:** [Support.Kraken.com](https://support.kraken.com)
- **Email:** support@kraken.com
- Provide:
- **Transaction ID**
- **Proof of bank transfer screenshot (for fiat)**
- **Blockchain TX hash (for crypto)**
4. How to Avoid Future Deposit Holds
- **Complete Full Verification (Pro Tier)** → This comes with fewer holds.
- **Use Faster Deposit Methods** → Try SEPA (EUR), Faster Payments (GBP), or stablecoins.
- **Double Check Deposit Details** → Ensure correct bank account, crypto address, and memo tags.
- **Stay Clear of Suspicious Activity** → Avoid putting money from high-risk sources.
5. FAQs About Deposit Holds
Q1: Why is my Kraken deposit still pending after 5 days?
A: It might be due to:
- **Bank delays** (check with your bank).
- **Manual review by Kraken** (contact support).
- **Incorrect deposit details** (verify your transaction).
Q2: Can I cancel a held deposit on Kraken?
A: **No**, once you start the deposit, you can't cancel it. You'll need to wait for Kraken to handle it.
Q3: Does Kraken hold first-time deposits?
A: **Sometimes**, especially for larger amounts or if your account isn't verified.
Q4: Why is my crypto deposit not showing in Kraken?
A: Make sure:
- You have **enough confirmations**.
- You used the **correct address and memo** (if needed).
Q5: How do I speed up a held deposit?
A: - **Finish verification** (if you haven’t).
- **Contact Kraken Support** with transfer proof.
6. Conclusion & Key Points
Why Your Kraken Deposit Is on Hold
- **Security checks** (for large or unusual deposits).
- **Bank delays** (especially with SWIFT and incorrect info).
- **Crypto issues** (wrong address or too few confirmations).
- **Verification problems** (if your account isn’t verified).
Kraken Wallet frequently asked questions
How to Resolve It
✔ Check **Funding → History** for the status.
✔ Make sure your account is **fully verified**.
✔ Reach out to **Kraken Support** if necessary.
Prevention Tips
- Use **SEPA/Faster Payments** for quicker fiat deposits.
- Always **double-check crypto addresses**.
- Avoid **high-risk transaction sources**.
**Need help?** Contact [Kraken Support](https://support.kraken.com). Final Thoughts
Deposit holds on Kraken are usually a short-term issue and can resolve in a few days. By verifying your account and choosing the right deposit methods, you can keep delays to a minimum.
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