We’re reaching out to let you know about upcoming updates to how crypto deposits and withdrawals are processed. As we have recently acquired a MiCA license, these changes are designed to align crypto with the security standards already in place for traditional financial systems.

What’s Changing

Beginning August 1st, 2025, some deposits and withdrawals will require additional verification steps. These updates are part of the EU’s broader regulation of crypto assets.

Here’s how we’re keeping it simple:

Wallet Verification for deposits from private wallets: If your private wallet deposit or withdrawal exceeds €1,000 in value, or if you’re using a new wallet address, you’ll be prompted to verify your wallet ownership.

Future Ease: Once a wallet is verified, future transactions with that same address won’t need further verification.

Seamless Verification Options

We’ve made the verification process straightforward and secure through one of three methods:

Self-Certification: Verify ownership with a simple one-click process and a quick 2FA security check.

Satoshi Test: Send a small transaction from your wallet to confirm ownership. We’ll guide you every step of the way.

Digital Signature: Connect your wallet and sign a unique message we generate. The message is non-transactional: signing it doesn’t move any funds. It simply confirms that you control the private key for the address.

What This Means for You

Starting August 1, 2025, when making a qualifying deposit or withdrawal, you’ll be guided through the wallet verification process. With verified wallets, your experience remains fast and seamless for future transactions.

If you have any questions, Kraken Support is here to help.

We’re committed to providing you with a secure, reliable, and user-friendly