Cryptocurrency transaction speeds (at Kraken)

Cryptocurrency-transaction-speeds-and-cost-at-Kraken

Cryptocurrency deposit processing times

For security reasons, we require a digital asset / cryptocurrency deposit to receive a number of confirmations on its blockchain before the funds can be credited to your account.

What are confirmations? 

When a transaction is broadcasted to the network, it has to wait to be included in a block by the miners. Once a transaction has been included in a mined block, the transaction has received 1 confirmation. With each subsequent block, the number of confirmations increases for the transaction.

Why are there confirmation requirements? 

To avoid the risks of double spending, funds aren’t credited until a certain number of confirmations have taken place (as listed below).

The more confirmations received, the more permanent / irreversible the transaction is.

How long do confirmations take?

Each block is found at a different rate depending on the blockchain.

For example, on the Bitcoin blockchain, a block is mined every 10 minutes, and Kraken only credits Bitcoin deposits to a client’s account after 6 confirmations, which takes approximately 60 minutes. 

However, sometimes it can take Bitcoin miners 30 or even 60 minutes to mine a single block (1 confirmation). This is outside of Kraken’s control.

CryptocurrencyConfirmations RequiredEstimated Time*
Augur (REP)30 confirmations6 minutes
Basic Attention Token (BAT)30 confirmations6 minutes
Bitcoin (XBT)6 confirmations60 minutes
Bitcoin Cash (BCH)15 confirmations150 minutes
Cardano (ADA)15 confirmations10 minutes
Chainlink (LINK)30 confirmations6 minutes
Cosmos (ATOM)0 confirmations0 minutes
Dash (DASH)6 confirmations15 minutes
Dai (DAI)30 confirmations6 minutes
Dogecoin (XDG)20 confirmations20 minutes
Eos (EOS)0 confirmations0 minutes
Ether (ETH)30 confirmations6 minutes
Ether Classic (ETC)43,200 confirmations10,080‬ minutes
Gnosis (GNO)30 confirmations6 minutes
ICON (ICX)3 confirmations0 minutes
Litecoin (LTC)12 confirmations30 minutes
Monero (XMR)15 confirmations30 minutes
Nano (NANO)0 confirmations5 Minutes
OmiseGO (OMG)30 confirmations6 minutes
PAX Gold (PAXG)30 confirmations6 minutes
Qtum (QTUM)24 confirmations60 minutes
Ripple (XRP)0 confirmations0 minutes
Siacoin (SC)6 confirmations60 minutes
Stellar Lumens (XLM)0 confirmations0 minutes
Tether USD (USDT)6 confirmations60 minutes
Tezos (XTZ)30 confirmations + 900 fitness30 minutes
Watermelon (MLN)30 confirmations6 minutes
Waves (WAVES)10 confirmations10 minutes
Zcash (ZEC)24 confirmations60 minutes

* Execution times can vary based on the conditions of the network, but approximate times are listed here. The time estimates assume that your transaction has been confirmed in the first block after the transaction was sent. If your transaction did not confirm in the first block possible, it may take significantly longer depending on network conditions.

Note that we are not able to affect the speed at which transactions are confirmed on their respective blockchains.

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