We are pleased to announce that Kraken has joined the Silvergate Exchange Network (SEN). SEN is a proprietary internal payments platform developed by Silvergate Bank that enables fast transfers between account holders.  

Silvergate is widely recognized as one of the most crypto-friendly and innovative banks in the world, and it just completed a successful IPO on the New York Stock Exchange. 

Now that Kraken is part of the network, you can leverage SEN to fund your Kraken account within minutes and with no fees, 24/7.

This latest announcement further promotes our mission of delivering financial freedom by giving clients more choice when it comes to managing their assets.

For more on Kraken fiat funding options, please click here

Who is it for?

All verified Kraken Pro clients are eligible to apply 

What are the fees?

Deposits: $0

Withdrawals: $0

Can I deposit other currencies besides USD?

USD only

How do I deposit funds?

The process is different based on whether or not you already have a Silvergate account 

If you are an existing Silvergate client:

• Contact a Kraken Client Engagement Specialist to enable SEN funding for your account
• Once you receive approval, Navigate to Funding > USD > Deposit or Withdrawal > Select “Silvergate Exchange Network (Domestic)” or “Silvergate Exchange Network (International)” depending on your location and follow the instructions

If you do not already have an account, please apply separately at Silvergate. Once you are approved, please contact a Kraken Client Engagement Specialist who can verify your status and approve your profile. Once complete, you can follow the instructions above.

Thank you for choosing Kraken, the trusted and secure digital asset exchange.

The Kraken Team

P.S. Have you tried the Kraken Pro mobile app yet? 

Download the Kraken Pro App from the App Store or Google Play: