Tag: Kraken KYC

According to Kraken, it takes anywhere from 60-120 seconds to verify a Starter account since the process is mostly automated. A few downsides of the Starter verification level is the fact that you won’t be able to deposit or withdraw fiat currencies.

Kraken is a U.S.-based crypto exchange that was founded in 2011 and offers 50+ tokens. … Except for Starter accounts, employment information and SSN for U.S. customers are also required . The Intermediate and Pro accounts also require valid ID, proof of residence and a face photo (if in South Africa or the U.S.).

Intermediate: To upgrade to an Intermediate or Pro account, you’ll need to provide a valid photo ID (such as a passport or driver’s license), proof of residence (such as a utility bill), and your Social Security number or ITIN . Once you’ve upgraded, you’ll be able to deposit fiat and trade on Kraken futures.

On a known and trusted exchange like Coinbase, Gemini, or Kraken — yes, it is safe . They have to gather identification documents to be in compliance with AML/KYC laws in the US, the same as a bank would verify your identity if you were physically present to open an account.

Sign in to your Kraken account. Click on your name in the upper-right corner of the page. Click on Get Verified. Press the Verify button of the account type you want to apply for.