How to buy Bitcoin Cash using Kraken
Pay with Euro and avoid photo verification.
For those that want to buy Bitcoin Cash without sending ID photos or other verification, Kraken is a great option. This guide will focus on purchasing with Euro, as USD deposits have a long list of requirements. Besides making a deposit, all other steps are identical for buying with USD.
Login to Kraken
Head to kraken.com and make a new account. Confirm your e-mail and log in.
Verify your account
After you’ve logged in, click on Get Verified.
Scroll down to where it says Getting verified is easy. You have to fill in both the Tier 1 and Tier 2 sections. Use real information so that your money transfers are not rejected.
Deposit Euro into your account
Once you’ve completed your verification, head to Funding and choose Euro.
The best option is Fidor Bank AG (SEPA) because there is no deposit fee. The minimum deposit should be at least 1 Euro.
Log in to your bank account and make a money transfer using the data provided. (Do not use the info from the screenshot below; the information is unique for each account.)
Purchase Bitcoin Cash
When your money is finally deposited (It may take 1-3 days) on your kraken account, go to
XBT/EUR » BCH » BCH/EURNow go to
Trade » New OrderMake sure the Buy button to the left is selected and select Market.
Enter the amount of BCH that you want to buy. As you adjust the amount, the total amount to spend in Euro will appear on the right. If everything is good, click the big green Buy BCH with EUR button. Now you have Bitcoin Cash!
Withdraw your Bitcoin Cash
If you want to withdraw your Bitcoin Cash to an external wallet, head to
Funding » Withdraw » Bitcoin CashNow we have to add our Bitcoin Cash address by clicking + Add address
Important: Your Bitcoin Cash address must be in the legacy format, meaning it cannot start with “qq”.
You can write whatever you like for the Description.
Click Continue and confirm the new wallet by e-mail.
Once confirmed, the new address will be in your list of addresses approved for withdrawal. Select the new address from the dropdown and type the amount you want to withdraw. Click Review Withdrawal.
That’s it! You now have Bitcoin Cash in your own wallet that you can spend however you like.
Kraken Requirements for USD Deposits
US Dollar deposits are disabled in Kraken unless you fill those requirements:
- Your Kraken account must be registered in a supported US state
- Verification status of your Kraken account has to be Tier 3 or Tier 4
- You need an US issued GOV identity document such as passport, drivers license
- You need to have submitted an ID confirmation photo
- You need to have US-issued SSN
- You need a proof of residence document in the US
- Access to a US domestic bank account that supports FedWire transfers
After this, you will have to add a USD withdrawal bank account. You can do this by navigating to
Funding » Withdrawal » US Dollars (USD)and then selecting the US domestic wire transfer option. Click on the Manage button and follow the instructions to add a withdrawal bank account.
Market is the simplest option which is why we’re using it for this guide.
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