Deposit from Kraken to Peanut
Withdraw USDC or USDT from Kraken to your Peanut account. Fees start at 0.6 USDC on Ethereum. Funds arrive in minutes.
How to Deposit from Kraken to Peanut
Kraken is a strong option for depositing into Peanut, especially if you are in the United States. Withdraw USDC or USDT from your Kraken account to your Peanut deposit address, and your balance updates in minutes. Peanut charges no deposit fees — you only pay Kraken's withdrawal fee.
One notable detail: Kraken's fee structure is unusual. Ethereum withdrawals (0.6 USDC/USDT) are actually cheaper than Arbitrum or Base (2 USDC each). Always check the fee before choosing a network.
Once your balance arrives, your money is held in digital dollars. From there you can pay at over a million merchants in Argentina, send Pix in Brazil, transfer to friends and family, or withdraw to a bank account in 40+ countries.
Before You Start
Info
Make sure you have the following:
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A Kraken account with at least Express verification. Kraken has Starter, Express, Intermediate, and Pro tiers. You need at least Express (government ID) for withdrawals.
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USDC, USDT, or DAI in your Kraken account. All three stablecoins are supported. USDC and USDT are available on the most networks.
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A verified Peanut account. You need a Peanut account to generate a deposit address. Verification takes under 2 minutes.
How to Deposit from Kraken
- 1
Open Peanut and copy your deposit address
In the Peanut app, tap "Deposit" and select your preferred network. On Kraken, Ethereum is often the cheapest option at 0.6 USDC. Copy the deposit address.
- 2
Open Kraken and go to Funding
Log in to Kraken and navigate to the Funding section.
- 3
Select your stablecoin and click Withdraw
Choose USDC, USDT, or DAI and start a withdrawal.
- 4
Paste the Peanut deposit address and select the network
Paste the address from Peanut and select the matching network (e.g., Ethereum, Polygon, Solana). The network must match exactly.
- 5
Enter the amount
Enter the amount you want to withdraw. The fee for your selected network will be displayed.
- 6
Confirm with two-factor authentication
Review the fee and total, then confirm with your 2FA.
Your Peanut balance updates automatically once the transaction confirms. Kraken may batch withdrawals, so expect up to 15 minutes total in some cases.
Choosing the Best Network
Kraken's fee structure is different from most exchanges. Check fees carefully before choosing:
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Ethereum — cheapest on Kraken. 0.6 USDC/USDT. Unusually, this is cheaper than Kraken's L2 fees. Deposits confirm in a few minutes.
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Solana — second cheapest. 0.9 USDC/USDT. Fast confirmations under 1 minute.
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Polygon — moderate. 1 USDC/USDT. Works well for Peanut deposits.
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Arbitrum and Base — surprisingly expensive. 2 USDC each. On most other exchanges these are the cheapest networks, but Kraken charges more for them.
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Tron — USDT only, very expensive. 4 USDT. Avoid Tron on Kraken — it is significantly more expensive than other exchanges charge for Tron withdrawals.
Fees
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Peanut deposit fee: free. Peanut charges nothing for deposits from any network.
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Kraken withdrawal fees: Dynamic fees based on network conditions. Current approximate rates (as of March 2026):
| Network | USDC Fee | USDT Fee |
|---|---|---|
| Ethereum | 0.6 USDC | 0.6 USDT |
| Solana | 0.9 USDC | 0.9 USDT |
| Polygon | 1 USDC | 1 USDT |
| Arbitrum | 2 USDC | 2 USDT |
| Base | 2 USDC | — |
| Tron | — | 4 USDT |
Always verify current fees in the Kraken withdrawal window before confirming. For a complete overview, visit the pricing page.
FAQ
How long does a deposit from Kraken to Peanut take?+
Deposits typically arrive within 1–15 minutes. Solana is the fastest at under 1 minute. Ethereum and L2 networks take a few minutes. Kraken may batch withdrawals, which can add a short delay before the transaction appears on-chain. Total time from confirmation to Peanut balance update is usually under 15 minutes.
Why is Ethereum cheaper than Arbitrum on Kraken?+
Kraken sets its own withdrawal fees independently of actual network gas costs. As of March 2026, Kraken charges 0.6 USDC for Ethereum withdrawals versus 2 USDC for Arbitrum. These fees are adjusted periodically — always check the Kraken withdrawal screen for current rates.
Can I deposit from Kraken if I am in the US?+
Yes. Kraken is available in most US states. It is restricted in New York and Washington state for some features. Kraken is a good alternative to Coinbase for US-based users looking to deposit to Peanut.
What happens if I select the wrong network?+
Sending on a network that does not match your Peanut deposit address will result in permanent loss of funds. Always verify that the network in Kraken matches the network shown in Peanut. Start with a small test transaction if unsure.
My deposit from Kraken has not arrived — what should I do?+
Check Kraken's withdrawal history for the transaction status. If it shows as completed, find the transaction hash and look it up on the relevant block explorer. If confirmed on-chain but not in Peanut, contact Peanut support with the transaction hash. See the deposit troubleshooting guide for more help.
Does Kraken support DAI withdrawals?+
Yes. Kraken supports DAI on Ethereum. DAI availability on other networks is limited — check the Kraken withdrawal screen for current options. USDC is recommended for the broadest network support and lowest fees.
