Kraken is a US-based cryptocurrency exchange that has been around since 2011. The company’s founder, Jesse Powell realized there were too many security issues with other exchanges and decided to build something better after witnessing the hack of MtGox in 2013 – which happened while he was still working there!
Kraken offers more than just Bitcoin/ether trading though; you can buy almost any coin imaginable using USD funds directly from your account page.
Do I need to get verified on Kraken?
If you’re looking to just trade some major coins like BTC/ETH or XRP, then no – you don’t need to get verified. However, if you want to deposit/withdraw USD, EUR, CAD, GBP, or JPY – then you will need to submit some personal information and go through a verification process. This usually takes around 2-5 business days.
How to complete Kraken verification
To get started, you’ll need to create an account on the Kraken website. Once you have an account, you can begin the verification process by going to the “Get Verified” page under “Add Funds”. From there, you will be asked to select your country of residence and choose what type of account you’re looking to open – Individual or Corporate.
After you select your country and account type, you will be asked to provide some personal information, including your full name, date of birth, physical address, and phone number. You will also need to upload a valid government-issued ID and a selfie of yourself holding your ID.
How long does Kraken verification take?
The verification process for Kraken usually takes 2-5 business days. Once you have submitted all the required information, you will need to wait for Kraken to review your application. Once you are verified, you will be able to deposit and withdraw USD, EUR, CAD, GBP, or JPY from your account.
Does Kraken have 2FA protection?
Kraken does offer 2FA protection for your account. We recommend that you enable 2FA in order to add an extra layer of security to your account.
To enable 2FA, go to the “Security” tab under “My Profile” and select “Enable” next to Two-Factor Authentication. You will then be prompted to download the Authy app and add your account. Once you have done this, you will be able to enable 2FA for your account.
We hope this article was helpful in answering your question – How long does Kraken verification take? If you still have questions, feel free to reach out to us in the comments.
I work as a Community Manager at Shikbank, and I’m also heavily involved in the dogecoin community. I love meeting new people and making new friends, and I’m always excited to help out wherever I can.
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