Trade Monero (XMR) on Kraken

Trade Monero on Kraken (Step-by-Step 2025 Guide)

Before You Start: Availability & Notices

• Regional availability: Kraken ended Monero support in the EEA (European Economic Area) in Oct 2024. If your account is registered in the EEA, you can’t trade XMR there.
• Withdrawls status (Aug 2025): Kraken indicates that XMR withdrawls are temporarily paused due to network concerns. Check the latest status inside your account before planning a withdrawal.
• Where XMR is listed: For supported regions, XMR still appears among Kraken’s tradable cryptocurrencies and on their trading pages.

1) Create Your Account (My Referral Link)

• Sign up: Open Kraken and register with your email and country of residence.
• Verify (KYC): Complete identity verification so you can fund and trade. Availability of payment methods varies by region.
• Enable 2FA: Turn on two-factor authentication for login and trading permissions for better security.

2) Fund Your Account

• Bank rails & cards: Depending on your region, you can fund via ACH/wire, debit/credit card, or Apple/Google Pay (where available).
• If you planned to deposit XMR: Confirm deposit availability first (as of Aug 2025, XMR deposits are paused). Consider funding with fiat or another crypto, then swapping to XMR.

3) Find the Monero Markets

• Kraken Pro / Trade view: In the trading interface, search XMR and select a pair that’s available in your region (e.g., XMR/USD, XMR/BTC).

4) Place Your Order

• Market order: Buys or sells XMR at the current market price—fast execution.
• Limit order: Sets your own price; the order fills when the market reaches it.
• Order review: Double-check pair, amount, and fees before submitting.

5) Secure Your XMR

• Short term: You can leave funds on the exchange, but many traders prefer self-custody for long-term storage.
• Withdraw best practices: Send to a Monero wallet you control, consider using a fresh subaddress, and test with a small amount first.

Fees, Limits & Tips

• Trading fees: Kraken’s fee schedule varies by pair, volume, and order type; review your specific pair inside the app/web before trading.
• Payment method fees: Card and instant methods usually cost more than bank transfers.
• Plan for contingencies: If you were going to deposit XMR to sell, confirm deposits are live first; if paused, one workaround is to trade other assets you hold or fund with fiat and adjust your strategy.

FAQ: Trading Monero on Kraken

• Can I use this in the EU/EEA? No—Kraken delisted XMR in the EEA in 2024 due to regulatory changes.
• Are XMR deposits working right now? As of Aug 2025, Kraken indicates deposits are paused; check the in-app status panel before relying on deposits for your plan.
• Is Kraken safe? Kraken emphasizes strong security practices (cold storage, 2FA, audits), but self-custody reduces exchange risk for long-term holds.

Get Started

• Create your account: Sign up on Kraken and complete verification.
• Fund & trade: Add funds via bank/card (where available), open the XMR market, and place a market or limit order.
• Withdraw: Move XMR to your personal wallet for maximum control.

Kraken — Create account

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