3 min read

April 30, 2024

Why is Kraken holding my funds?

Kraken enforces a 7-10 day holding period on crypto and cash withdrawals. Here's everything you need to know about why they do it.

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Kraken doesn’t allow you to withdraw crypto to your wallet or send your cash out for a holding period of 7-10 days (this number could be longer or shorter). They enforce this holding when you fund your Kraken account via a linked bank account (ACH) or Paypal. Kraken claims that this holding period is for enhanced security.

How long is the Kraken holding period?

Kraken usually enforces this holding period until the ACH transaction from your linked bank account settles, but it could be longer based on many factors as they’ve mentioned in their FAQ page about holding periods:

Some On Hold deposits and withdrawals are automatically released after a certain period of time, while other On Hold deposits and withdrawals will require manual intervention from Kraken's Support team.

- Kraken FAQ

During this holding period, you will be able to buy or sell cryptocurrency within the Kraken platform but you will not have access to anything onchain - including numerous coins, DeFi protocols, and NFTs that are not available on Kraken.

Am I the only one facing the Kraken holding period?

No. Kraken enforces this holding period for almost all their users depending on the funding method and account history, a.k.a their risk factors.

How can I avoid Kraken's holding period?

You cannot completely avoid Kraken's holding period. You can reduce the potential holding period by funding your Kraken account using a debit card which could trigger a holding period up to 72 hours. However, the debit card fees are high and the limits for purchases are low, which means you can only buy small amounts of crypto at high fees.

Instead, you can use Juno to get onchain faster. Fund your account via an external ACH or Cash App or Venmo, buy crypto, and withdraw the crypto to your wallet instantly. The core mission of Juno is to help Americans get onchain faster in an easy-to-use, trusted, and compliant manner.

Does this resonate with you? Try out Juno.

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Juno (CapitalJ Inc.) is a financial technology company, not a bank. Certain services are offered through Synapse Financial Technologies, Inc. and its affiliates (“Synapse”). Brokerage accounts and cash management programs are provided through Synapse Brokerage LLC (“Synapse Brokerage”), an SEC-registered broker-dealer and member of FINRA and SIPC. Additional information about Synapse Brokerage can be found on FINRA’s BrokerCheck. See Synapse Terms of Service, Privacy Policy, and the applicable disclosures and agreements available in Synapse’s Disclosure Library for more information. The Partner Financial Institution(s) participating in a Synapse cash management program are referred to in your Synapse Brokerage Customer Agreement.

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