Kraken Cryptocurrency Exchange Introduces PayPal Deposit Support

Sep 7, 2023

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Kraken, a leading cryptocurrency exchange, has recently announced

The introduction of support for deposits via PayPal for users in the UK and Europe, with the exception of Hungary and Croatia. This new feature is currently only available on the Kraken mobile app and allows for near-instant deposits, with funds available for trading immediately.

To take advantage of this feature

Kraken users must be verified at the Intermediate or Pro level and reside in the or Europe. The process of depositing funds is simple and straightforward: users select their desired currency, connect their PayPal account, and enter the desired amount to deposit. The funds are then available almost instantly and can be withdrawn after seven days.

In addition to this new feature

Kraken has also added support for PayPal’s new stablecoin, PayPal USD (PYUSD), on its platform. PayPal has launched a new stablecoin on Ethereum in partnership with Paxos. This stablecoin will be gradually made available to PayPal customers in the U.S

This development marks an exciting new chapter in the relationship between Kraken and PayPal. By making it easier for users to deposit funds and trade cryptocurrencies, the exchange is further enhancing its position as a leading player in the rapidly evolving world of digital assets. With the introduction of support for PayPal deposits, Kraken is once again demonstrating its commitment to providing its users with the most convenient and user-friendly experience possible.By making it easier for users to deposit funds and trade cryptocurrencies, Kraken is further enhancing its position as a leading player in the rapidly evolving world of digital assets.

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