Kraken bonuses and promo codes

Thinking about opening a Kraken account but wondering if you can score a welcome bonus while doing it? You’ve come to the right place. We’ve rounded up the latest Kraken trading bonuses, promo codes and welcome offers available now—along with crypto exchange bonuses from other platforms—so you can easily compare options and get rewarded by signing up.

Are there any Kraken bonuses and promo codes available now?

No, Kraken is not currently offering a bonus or promo code. We'll continue to monitor Kraken's bonus offerings to update this information as new offers become available. For now, you can check below to see what other crypto exchanges are currently offering sign-up bonuses.

Compare Kraken bonuses to other crypto exchange promotions

Like Kraken, it’s common for crypto exchanges in Canada to offer a welcome bonus when signing up for a new account. Here is a summary of current promos on now so you can easily compare Kraken trading bonuses with what other platforms are offering. You can also see our full guide to trading promotions here.

Coinbase

Buy your first crypto and get $10 in BTC with code BTCCA10. Canadian users only.

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• Exchange details

  Trading fees	Maker fee: 0% and 0.4%Taker fee: 0.05% - 0.6%
  Deposit fees	Interac e-Transfer: free Transfers from another Coinbase account: free EFT: variable
  Withdrawal fees	Interac e-Transfer / EFT / PayPal: variable Transfers to another Coinbase account: free
  Promotion highlight	Buy your first crypto and get $10 in BTC with code BTCCA10. Canadian users only.

Paybis

Use code Finder30 to get a 30% discount on all commission for 1 transaction. T&Cs apply.

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• Exchange details

  Trading fees	$5 USD minimum per transaction
  Deposit fees	Transaction processing (4.5%) plus a 6.99% - 8.99% fee for debit/credit Other payment methods: fees vary
  Withdrawal fees	Transaction processing (4.5%) plus a 6.99% - 8.99% fee for debit/credit Other payment methods: fees vary
  Promotion highlight	Use code Finder30 to get a 30% discount on all commission for 1 transaction. T&Cs apply.

Bitbuy

Get $40 on a first deposit of $250+.

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• Exchange details

  Trading fees	Bitbuy trade: 0.5% - 1.85% spreadBitbuy Pro: 0.5% maker & taker fee
  Deposit fees	Crypto: 0% (network fees apply) Interac e-Transfer: 0% Wire transfer: 0%
  Withdrawal fees	Crypto: varies Interac e-Transfer: 0% Bank deposit: 1.5% Wire transfer: 1.5%
  Promotion highlight	Get $40 on a first deposit of $250+.

Bitget

Sign up and receive a 6,200 USDT newcomer's gift package.

• Exchange details

  Trading fees	Maker: 0.02%-0.10%Taker: 0.06% - 0.10%
  Deposit fees	None
  Withdrawal fees	Fees vary
  Promotion highlight	Sign up and receive a 6,200 USDT newcomer's gift package.

VirgoCX

Get a $20 bonus when you open a new account and deposit $100+. T&Cs apply.

• Exchange details

  Trading fees	Maker: N/ATaker: N/A
  Deposit fees	Interac e-Transfer: $0 Wire transfer: $0 Bill payment: $0 Debit card: starts at 2.99% Credit card: starts at 3.99% Crypto: variable (plus network fees)
  Withdrawal fees	Interac e-Transfer: $0 Wire transfer: $0 Crypto: variable (plus network fees)
  Promotion highlight	Get a $20 bonus when you open a new account and deposit $100+. T&Cs apply.

Does Kraken offer promo codes when signing up?

You won’t typically see Kraken promo codes on offer from Kraken in Canada. Instead, Kraken welcome bonuses typically offer a cash bonus once someone has signed up and trading with their account, or bonus BTC with a first trade. For these types of promotions, you don’t typically need a Kraken promo code—instead you just have to download the app and sign up as a new customer.

Can I get a Kraken no-deposit bonus?

Not usually. Like most crypto exchange promotions, Kraken’s bonus offers will often depend on a first trade, which means you’ll usually be required to deposit funds into your account before being able to cash in on the bonus. Because of that caveat, you won’t typically be able to find a Kraken no-deposit bonus offer on the market.

How does the Kraken referral bonus work?

Kraken offers an ongoing referral bonus where both users who send a referral link, and new users who sign up through that referral link, will both receive $100 each. The maximum payout a user can earn by sending referral links is $2,000.

How to get the Kraken referral bonus

To earn the Kraken referral bonus by referring friends to the platform, simply follow these steps:

1. Be a Kraken user yourself. You must download the Kraken app and sign up for an account.
2. Send your referral link. Navigate to your Account Settings → Referrals and then send your referral link or referral code to whoever you want by text, email or messaging apps.
3. Have your friend sign up and complete the qualifying actions. Make sure your friend opens a new Kraken account on the mobile app through your link or by using your referral code. They will then have to fund their account with fiat currency from a bank account and make an eligible trade within 15 days of signing up.
4. Get your $100 bonus. Assuming all eligibility requirements were met, the referral bonus will be deposited into your Kraken account within 14 days.

A couple of things you should note if you want to take advantage of the Kraken referral bonus is that only one referral is allowed per household, meaning you can’t refer to more than one friend or relative living together. Also, stablecoins do not qualify as purchases of cryptocurrency for the Kraken referral bonus.

Is it worth opening a Kraken account to get a bonus offer?

It definitely can be worth opening a Kraken account to take advantage of a bonus welcome offer. Kraken is a well-established crypto exchange offering a host of perks for crypto investors. It provides access to BTC, ETH, SOL, USDC, XRP, ADA, SHIB, AVAX, TRX, BCH and 370+ more cryptocurrencies across Canada.

The platform allows users to manage staking, stocks, crypto and stablecoins all in one place through the Kraken mobile app or Kraken Pro. Founded in 2011 in the US, Kraken is one of the longest-standing cryptocurrency exchanges and offers 24/7 customer support.

Related: An in-depth review of Kraken's platform

Frequently asked questions about Kraken bonus offers

• How do you earn rewards on Kraken?

  At the time of writing, Kraken+ members can earn up to 4% APR on USDG holdings, while non-members can earn at around half that rate. Plus, if you own certain cryptocurrencies on the platform, you may be able to stake them for an APY of up to 22%.

• Is it worth having both a Kraken account and an account with a different exchange?

  It can be worth opening a Kraken account even if you have other accounts with another crypto exchange, especially if you want to access other features or take advantage of multiple crypto exchange welcome offers.

• Do I have to pay taxes when selling crypto currencies on Kraken?

  It's possible that crypto sold through Kraken may be subject to certain tax laws. For tax purposes, the CRA treats crypto as a commodity, which means it's taxed similarly to other investments, such as being subject to capital gains tax or generating capital losses upon liquidation. For more information about how crypto taxes work, visit our full guide to the topic here.