United States: sell crypto and withdraw USD to your bank (Kraken)
A plain walkthrough of the steps in Kraken's own help pages. Screens change, so treat the official pages linked below as the source of truth. This is not financial or tax advice.
Before you start
- ACH withdrawal to a US bank is available to eligible US clients: a Kraken account registered in the USA, verified, with a US bank account under the same legal name. Residents of New York are not eligible for this ACH option.
- Only withdraw to a bank account you control, with a name matching your verified Kraken account, and not to a third-party payment processor.
- Certain deposits, such as first-time ACH purchases or card purchases, trigger a temporary 72-hour withdrawal hold. Check the daily withdrawal limit for your asset.
1. Sell the crypto
- In the Kraken app: tap +, then Sell, and pick the asset you hold.
- Enter the amount (you can switch between cash value and crypto amount). The cash is credited in the default currency saved in the app; to receive another currency, change it in Account settings before you sell.
- Tap Continue to review the sale, then Confirm. Your new cash balance appears in Portfolio.
2. Withdraw to your bank
- On the Kraken website: Transfer tab, then Withdraw. Choose the asset (US dollar).
- Under Method, choose the cash withdrawal option (ACH for eligible US clients), then add your bank account the first time, using a nickname and the name on the account.
- Select the bank account, enter the amount (numbers only, no currency symbols), click Review Withdrawal, check the details and click Withdraw.
Fees, timing and limits to watch
- Timing: Kraken says ACH withdrawals under $1 million submitted before 2 PM EST are processed the same day, Monday to Friday excluding holidays, and should arrive within two business days.
- Fees: this calculator models the Kraken Pro order-book fee (0.80% taker at the base tier). The one-click sell in the app is a different product, with a 1% fee plus a spread. Compare the fee shown on the review screen before you confirm.
- Taxes are not included in any estimate here.