• expired

Bonus A$100 in BTC Each for Referrer & Referee after Referee Trades A$200 in Crypto within 30 Days @ Kraken (App Required)

3080
Bonus A$100 in BTC Each for Referrer & Referee after Referee Trades A$200 in Crypto within 30 Days @ Kraken (App Required)
Go to Deal
Aidan9800 on 29/05/2025 - 18:23 kraken.com (1351 clicks)
Last edited 30/05/2025 - 19:02 by 1 other user

Kraken is currently running a referral promotion for new users. If you sign up using a referral link and trade at least $200 AUD worth of crypto, both you and the referrer will receive $100 AUD in Bitcoin.

  • I recommend using Up with PayID for the $200 deposit (and ANZ may/may not work), since ING and CBA may hold the transfer for 24 hours.

  • After buying the A$200 BTC, I instantly received a reward notification for the A$100 BTC.

Tip 1: To pay lower fees on buying/selling, get the Kraken+ trial and then cancel it after.
Update - Tip 2: Some users have mentioned that you need to ensure that you enter the referral code on signup, if it doesn't automatically populate. The referral code appears on the referral link. If it automatically populates, as it did for me, you don't need to bother with the code.

How it works  
  1. Invite friends
    Share your referral link to get started.  
  2. Friend joins and trades
    They sign up, fund A$200 and trade A$200 within their first 30 days.  
  3. Get paid together  
    You both earn a A$100 bonus, paid within 14 days.  

Note: Offer only valid for new accounts signed up via the Kraken mobile app.  

Rewards are paid in BTC.

Key Info

  • Offer is for new Kraken accounts only  
  • Must use a referral link when registering  
  • Trade must be completed within 30 days of signing up  
  • Bonus is paid in BTC and credited automatically  
  • Kraken is AUSTRAC-registered and widely used in Australia

Referral Link

Use the OzBargain referral system below this post to get a referral.

Referral Links

Referral: random (545)

Referrer and referee each receive A$50 BTC after referee trades A$200 of crypto in the App within 30 days.

Financial Cryptocurrency

Related Stores

Kraken
Kraken

Comments

  • Lucille Bluth on 29/05/2025 - 18:40
    +9

    I can vouch for Kraken, it is an excellent exchange with high liquidity. I use it for both my personal and SMSF accounts to build my Bitcoin portfolio.

    Top:
    After signing up make sure you use Kraken Pro for your trades. It has lower fees.

    In the app store, you will see two apps. Kraken and Kraken Pro. Choose the later.
    If using website, use https://pro.kraken.com/ not http://kraken.com for the same reason.

    • Aidan9800 on 29/05/2025 - 18:44
      +2

      Thanks, I used Kraken Pro trial too and it can be cancelled after. Good for no fees for this reward.

      Added it to the description!

      • Lucille Bluth on 29/05/2025 - 18:46
        +2

        No probs but small correction, Kraken Pro isn't a paid subscription. It's free to use. There is no trial. It's intended for more advanced traders hence the pro name.

        • Aidan9800 on 29/05/2025 - 18:47

          Thanks, yeah Kraken+ it is. Amended.

          • Aureus on 29/05/2025 - 18:59

            @Aidan9800: How do I sign up for Kraken+. Can't see it in the app

            • nategasm on 29/05/2025 - 19:13
              +1

              @Aureus: It's weird, Kraken+ only shows in the standard Kraken app, not the Kraken Pro app.

    • frewer on 29/05/2025 - 19:10

      All crypto exchanges are scammy, some just more obvious than others. Even Kraken said it.

      . Geographic restrictions may apply. Some crypto products and markets are unregulated. Kraken’s regulatory status for its various products and services differs per jurisdiction and you may not be protected by government compensation and/or regulatory protection schemes. See Legal Disclosures for each jurisdiction (here).

      It's ponzi scheme doesn't mean that one cant make digital money from it.

    • dinglejerry on 29/05/2025 - 19:26

      Thanks I'll check it out… how does it compare to coinspot (have only just been getting into BTC) - I'm paying a 0.1% fee on purchases. Will see if it integrates with navexa.

      • DigitalJeezus on 29/05/2025 - 19:33

        Kraken has better spreads (as is the case with CEXs with higher liquidity). Maker fees on their limit orders are 0.25% (refer https://www.kraken.com/features/fee-schedule)

        • dinglejerry on 29/05/2025 - 19:34

          Thanks, and Navexa seems to integrate with them which is good … I guess I just keep my existing BTC with coinspot and buy anything new with Kraken.

        • dinglejerry on 30/05/2025 - 17:53

          Just to follow up on this, does Kraken have better spreads because it is generally more active for something like BTC than Coinspot? Good to know for future!

          • DigitalJeezus on 30/05/2025 - 20:48
            +1

            @dinglejerry: To keep it simple, yes. They are a bigger exchange, so they get to offer much better spreads than Coinspot. Smaller CEXs like Coinspot will lure you in with "cheap fees", but they make up for this money elsewhere like bigger spreads and withdrawal/deposit fees.

            I haven't used Coinspot myself but that's the general consensus within the Aus BTC community. Kraken for buy/sell and cold storage to storage your crypto assets is the popular way to go.

            • dinglejerry on 31/05/2025 - 17:04

              @DigitalJeezus: Thanks for this, I've learned a lot from this thread - I'm looking into cold wallets too although I'm wondering if I'm better off with a digital wallet (acknowledging it comes with extra risk , but still better than just leaving on the exchange as an IOU). If I go the cold wallet route do you rate Tangem at all? I know they had a breach recently, so looking at other options but still new to all of this.

              • DigitalJeezus on 31/05/2025 - 22:49
                +1

                @dinglejerry: I think digital wallets are okay if you don't have that big of a portfolio yet.

                I haven't looked into Tangem before but after a quick research, I'd suggest going with something else like a Trezor for starters (I use one myself) which has a screen and can display and generate multiple addresses, plus it's open source too.

                There's a lot of good (and potentially better) options like ColdCard, Blockstream Jade etc but I opted for Trezor because their wallets went on sale a while back and the deals were too good to pass on haha.

                • dinglejerry on 01/06/2025 - 17:22

                  @DigitalJeezus: Thanks for the info… Trezor looks good but a fair bit pricier, I will definitely look into it though.

                  The hardware wallet seems the way to go, I'm just paranoid about losing it etc.

                  • DigitalJeezus on 03/06/2025 - 08:29

                    @dinglejerry: Fair enough, look out for discounts. I only bit the bullet with hardware wallets because they were on sale.

        • Charlie Dont Surf on 02/06/2025 - 15:27

          On Kraken Pro, I see that the fees for low volume traders are:
          Price Maker 0.25%
          Price Taker 0.40%

          Is it enough for you to submit a limit order to be classified as a price maker?

          • DigitalJeezus on 03/06/2025 - 08:28

            @Charlie Dont Surf: Yes, but to get maker fees you will need to place a limit order thats below the current market rate and wait for the limit order to fulfill when BTC falls to that rate (Ex: BTC trading for A$162,210.9, you place a limit order for A$162,210.8).

            Doing the opposite would result in an order fulfilled with taker fees.

            • dinglejerry on 03/06/2025 - 13:09

              @DigitalJeezus: Interesting - what's the logic behind that? Like it increases orders and looks attractive traders because there's more orders on the books?

              And yes I'll definitely keep an eye on trezor to see when it's discounted :)

            • Charlie Dont Surf on 03/06/2025 - 13:39

              @DigitalJeezus: Yes, understood. Is the current market rate the "Index Price" highlighted at the top of the Kraken Pro platform? (desktop)

              I did a side-by-side real-time comparison of Kraken Pro ($0.25% Price Maker) and Coinspot (0.1% Markets) yesterday. Kraken Pro liquidity (spreads) and pricing is far superior and it's a more dynamic and professional-looking platform. Especially if you can hit than $0.25% rate. Swyftx a distant third (the only other exchange that I've had some exposure to).

              • DigitalJeezus on 03/06/2025 - 18:10
                +1

                @Charlie Dont Surf:

                Is the current market rate the "Index Price" highlighted at the top of the Kraken Pro platform?

                Kinda, the index price is a weighted average of the prices of a cryptocurrency across multiple major spot exchanges.
                The current market rate on the platform itself usually refers to the last price — the most recent trade on the exchange you’re looking at. I know, this is kinda confusing.

                I haven't done a direct comparison across Aussie CEXs myself, I've mostly stuck to Kraken Pro since it's the go-to among the pros over at the Aussie crypto subreddits. But it's great to see you further validating that choice from actual experience on here. The "low-fee trades" marketing is very misleading when that money is being made elsewhere on the CEX haha.

                • Charlie Dont Surf on 03/06/2025 - 21:41

                  @DigitalJeezus: Cheers, thanks for the clarification. Should be easy to ensure your limit order is below the last sale price given that there's an Order Book on display too. Just put it somewhere towards the top of that list if looking for a quick execution.

                  I'll see if I can post a pic or two showing the side-by-side comparisons, with a simple buy example to illustrate.

                  • DigitalJeezus on 04/06/2025 - 01:43

                    @Charlie Dont Surf: Sounds good, cheers!

                    And yes, I do just the same with the order book. I usually set it to a value just below the highest buy offer and also tick the "Post only" option, it prevents from your order being accidentally fulfilled as a Taker.

    • ericeric on 29/05/2025 - 22:27

      What is the difference between 'Buy' BTC in Kraken vs 'Trade' BTC/AUD in Kraken Pro pls? seems rates are different, BTC is dearer in Kraken even with Kraken+ compared to Kraken Pro

      • DigitalJeezus on 30/05/2025 - 19:32
        +1

        Essentially the same thing, except the fees are higher in Kraken because it’s an Instant Buy/Sell.

        For the best rates, I’d recommend depositing AUD into your account and placing a limit order via Kraken Pro, the fees are almost 10x lower (or more) than Kraken.

        Search up YouTube for “Kraken Pro Limit Orders” tutorials to get a better idea. It’s very simple.

    • fLaMePrO on 30/05/2025 - 11:06
      -2

      Please edit this comment as it's very misleading, as others have stated Kraken Pro actually has higher fees. Kraken+ is entirely different.

    • anIraqi on 30/05/2025 - 14:29

      Hey, can you please tell me how you setup SMSF with them? I don't see an option for that.

      • Lucille Bluth on 30/05/2025 - 15:39

        You don't create a SMSF with them. You use them with an existing SMSF, but create a seperate account from your personal Kraken account for the purpose of buying Bitcoin for your SMSF.

        https://www.kraken.com/learn/finance/smsf

        • anIraqi on 30/05/2025 - 15:46

          So it's not like Swyftx? You use your login but you can switch to an entity profile (SMSF)
          so i have to open a new login for kraken?

          Also i would love to know how you setup your SMSF and how much it cost you? And what to look for to be safe.

  • Asti on 29/05/2025 - 18:48

    I was going to comment not to use your Up bank account as the ToS says it doesn't allow funding into crypto accounts, but it appears they may have removed these restrictions (or I can't find the terms in their ToS anymore). I've seen people comment as recently as 5 months ago that they get 'debanked' for doing so.

    • nategasm on 29/05/2025 - 18:55

      Been funding Kraken from my Up account for the past year without issue, though I wasn't aware there were others facing this

      • Asti on 29/05/2025 - 19:07

        There was definitely a no crypto clause in their ToS when I signed up early 2024. Glad its okay for you!

      • kaleidoscope on 30/05/2025 - 09:27

        Yeah same, used my up for funding to payid type wallet and has not received any warnings or issues

    • bonezAU on 30/05/2025 - 07:58

      Up bank are a bit cautious around crypto. If you open a brand new Up account and immediately try to fund a crypto exchange, it'll get blocked and their customer support will tell you it's not allowed.

      If you have had your Up account for a while (or a long time) and have used it for normal day to day spend, they typically will be ok with you sending small amounts to crypto exchanges and won't outright block it. When I say small I mean <$1-2k at a time.

      • ShaneLikesABargain on 30/05/2025 - 20:03
        +1

        I've had all of my savings with them for several years and for a year or two also my home loan (every $ in any account counts as an offset).

        I've been dollar cost averaging $150/week into btcmarkets for quite some time now. I'd say as it's a very easy sign up they'd be wary of new accounts probably rightly so

      • parad0x on 02/06/2025 - 09:59
        +1

        Maybe that's why I'm on lifetime ban…. That's the best explanation I've ever been given, up always just bsaid "we can close accounts and we.dlnt have to disclose why"

        • bonezAU on 02/06/2025 - 10:34

          You're not alone, I've heard of a few other people that have had their Up accounts closed for sending money to crypto exchanges over the years.

          • parad0x on 02/06/2025 - 10:36

            @bonezAU: I don't know for sure, this was within 6mths of UP going live. I mean, I havr/do buy crypto so as I said it's the most plausible reason I've had over the course of years

    • ShaneLikesABargain on 31/05/2025 - 22:13
      +1

      Both me and my partner transferred using our Up accounts. I also have my home loan through them and have been DCA'ing $150 into crypto for years through them. A fresh account may have some issues but I've had my account for a few years and no issues here

  • Silentninja7 on 29/05/2025 - 18:52

    Where do i find my referral code?

    • Aidan9800 on 29/05/2025 - 18:53
      +1

      Once you've claimed your $100 BTC, it will show up.

    • nategasm on 29/05/2025 - 18:53

      Can only get it from the app, not the website

  • nategasm on 29/05/2025 - 18:53
    +8

    Note: Referrers can only refer up to maximum 10 referees, so don't forget to remove yourself from the pool if you're one of these lucky ones.

    • Alpha-q on 29/05/2025 - 19:28
      +1

      Says you can earn upto 2000,so i reckon 20

      • nategasm on 29/05/2025 - 19:48
        +1

        Was looking at the terms which say 10, but you're probably right.

  • GeoK on 29/05/2025 - 19:11

    Do i need to convert AUD to USD to buy Bitcoin? Thanks

    • Aidan9800 on 29/05/2025 - 19:12
      +1

      Hello, you do not need to. You can deposit $200 AUD, buy $200 in BTC, then you'll have met the reward criteria.

      • GeoK on 29/05/2025 - 19:20
        +4

        I found it thanks.
        It routed me to BTC/USD every time but had to search BTC/AUD.

        • DigitalJeezus on 29/05/2025 - 19:35
          +1

          Yup and remember to place limit orders to get Kraken's best fees.

  • Associatednot ai @ Kraken on 29/05/2025 - 19:17

    These support articles provides more information than the link in the OP:

    Pro Platform: https://support.kraken.com/hc/en-us/articles/kraken-pro-app-…
    Regular Platform: https://support.kraken.com/hc/en-us/articles/kraken-app-refe…

  • phenton on 29/05/2025 - 19:20

    Big fan of Kraken, used for a while - just a note some banks (ING, Up) don't take payments to these platforms, so just make sure you send money from a bank that accepts it!

    • Alpha-q on 29/05/2025 - 19:26
      +2

      Just sent it via up

      • phenton on 29/05/2025 - 19:48

        Ooh nice, definitely a hit and miss sometimes, I remember people saying they had issues with ING in the past but I never did until recently the transaction let to ING putting a block on my card.

    • Deeznutzzz on 29/05/2025 - 21:45
      -4

      I wonder why the smaller banks accept it so easily but he bigger banks reject it. Almost like Kraken is full of scammers or something. Oh well, trust them with all your money. People have no common sense these days.

  • simplerick on 29/05/2025 - 19:26

    Should we install app first then click referral link?

    Seems clicking the referral link takes me straight to app store, however concerned the referral won't apply.

    • 1ozbargainer on 29/05/2025 - 19:30
      +1

      yes probs best to do that. i did that and it worked

  • Hamsahamsahamsa on 29/05/2025 - 19:26

    Do we add the referral link or referral code to the system? my invite has both

    • Aidan9800 on 29/05/2025 - 19:27
      +2

      Add the referral link.

  • Charlie Dont Surf on 29/05/2025 - 19:30

    Pretty decent deal. I haven't previously joined Kraken.

  • 1ozbargainer on 29/05/2025 - 19:31
    +2

    congrats whoever's link i used haha

  • theguyrules on 29/05/2025 - 19:34

    Doesn't work for me - I can't deposit using the app

    • Aidan9800 on 29/05/2025 - 19:34

      Use PayID

      • theguyrules on 29/05/2025 - 19:35

        No, as in when I click "fund my account" it brings me to a screen that says "no results for """
        App is being super buggy for me.

        • Bruceflix on 29/05/2025 - 19:39

          being ozbargained?

        • andyfc on 29/05/2025 - 19:48

          Same thing, but eventually fixed. I restarted phone, but doubt that was thing that fixed.

          • theguyrules on 29/05/2025 - 19:49

            @andyfc: Nah it was their website. The desktop site also wasnt working, then all of a sudden loaded - and the app worked at the same time.

      • simplerick on 29/05/2025 - 19:42

        How long does it take to generate your PayID?

        • Lucille Bluth on 29/05/2025 - 19:50

          Up to 15 minutes from memory.

          • simplerick on 29/05/2025 - 21:30

            @Lucille Bluth: After meeting the criteria for bonus, can we withdraw our initial deposit immediately without issue? I ask because some of their Google app reviews are not inspiring confidence, lost funds, hackers bypassed 2fa security etc

  • Ash-Say on 29/05/2025 - 19:36
    +1

    How do I obtain bank details to transfer funds?

    It not displaying anything when I click "Fund your account" through referral tab.

    • Aidan9800 on 29/05/2025 - 19:40

      On the app, go to Transfer > Deposit > Australian Dollar > Manual Bank Transfer > PayID

  • Bruceflix on 29/05/2025 - 19:38

    So,
    I download the mobile app for Kraken. I sign up using a referral code. I deposit $200 and use it to buy crypto and ZI'll get $100 worth of BTC?

    Is there a catch? That's a pretty good referral bonus

    • DigitalJeezus on 29/05/2025 - 19:40
      +2

      The catch is you've spent a net $100 outta your pocket. Which imo is a good catch. BTC to the moon!

    • Robbo95 on 29/05/2025 - 19:41

      Is that what the post says mate?

  • Bruceflix on 29/05/2025 - 19:41

    Is said $20USDG

    • Aidan9800 on 29/05/2025 - 19:42

      It seems they haven't updated that page properly, but I can guarantee you it is A$200.
      See this: https://support.kraken.com/hc/en-us/articles/kraken-app-refe…

    • RotundPolarBear on 29/05/2025 - 20:06

      The first referral I clicked on said $20 as well. So I tried another and it had $100 on it.

    • GeoK on 29/05/2025 - 20:25

      Click on referral system and not the image of website. That worked for me

  • theguyrules on 29/05/2025 - 19:43
    +1

    Stuck on "Setting up PayID, please wait" anyone else

    • simplerick on 29/05/2025 - 19:46

      Yep, same

      • theguyrules on 29/05/2025 - 19:46

        Mine just updated.

        • simplerick on 29/05/2025 - 19:50

          Same, however ubank says cannot find PayID when I go to deposit

          • Lucille Bluth on 29/05/2025 - 19:51

            @simplerick: You don't need to worry about that warning message. It says that when a brand new PayID is created. It will work as long as you copied and pasted the entire PayID correctly.

            • simplerick on 29/05/2025 - 19:54

              @Lucille Bluth: But ubank won't let me proceed with payment via PayID unless it can verify it exists

              • Lucille Bluth on 29/05/2025 - 19:55

                @simplerick: That is a weird bank limitation. My UP account does that too but allows me to proceed as long as I understand the risks. Fund it with the BSB and account number instead. Chances are it will go through instantly anyway, if not next business day.

                • Bruceflix on 29/05/2025 - 21:29

                  @Lucille Bluth: Yep, I did bsb and account number. Took about 2 minutes to show in Kraken account.

        • dinglejerry on 29/05/2025 - 19:54

          How long did it take, having the same issue

          • theguyrules on 29/05/2025 - 19:56
            +1

            @dinglejerry: ~10 min.
            Also no issues with UP recognizing the payid.

            • simplerick on 29/05/2025 - 20:00

              @theguyrules: I did payID from another banking app, however it's still sitting on my bank account even though I made the transfer. I will wait 10 minutes I guess

  • Moo Deng on 29/05/2025 - 19:48
    +1

    Can you buy USDT or C?

    • nategasm on 29/05/2025 - 20:04
      +2

      I tried looking at the additional terms from the previous referral. It says:

      • There is a maximum of 1 reward per device per household on, first come first serve basis.
      • Fiat to stablecoin trades do not qualify for the reward, you must purchase non stablecoin cryptos.

      Not sure if it applies this time

      • ppp13 on 29/05/2025 - 23:10

        @nategasm
        What does this mean - '1 reward per device per household on'?

        How about I refer my partner for his account - and we both eligible OR not for bonus?

        • nategasm on 30/05/2025 - 00:20

          It reads like you can't refer people from same household, but I don't know tbh :(

  • andyfc on 29/05/2025 - 19:50

    Funded and app said $100 will be coming in 14 days. Any issues in withdrawing the original funds?

    • theguyrules on 29/05/2025 - 19:53
      +1

      You'd have to trade it back to AUD, but I assume not.

    • theguyrules on 29/05/2025 - 19:54
      +1

      Their T&C doesn't suggest itll be an issue.
      Although -

      Referral Bonuses are not guaranteed – While Kraken makes a good faith effort to pay Referral Bonuses, we do not guarantee payouts on every referral.

Login or Join to leave a comment
Login Join