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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 (1365 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 (559)

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

    • ilovefullprice on 30/05/2025 - 09:42

      Did you receive an email or app notification saying $100 will be coming in 14 days? If yes, did you had to wait long for this?

      • andyfc on 30/05/2025 - 11:32
        +1

        In the referral section, it should have a little flow chart, once it's ticked all three , sign up, fund $200, trade $200, it should give an in app prompt to say $100 will be coming in 14 days. I got an email about the same time.

        • ilovefullprice on 30/05/2025 - 11:33

          Ok thanks!

        • Boomer85 on 30/05/2025 - 12:02

          Where us referral section?

          • andyfc on 30/05/2025 - 12:36

            @Boomer85: Top left corner on Android to get to your profile, then second line item down

  • Ryxxi on 29/05/2025 - 19:52

    nice

  • Treasurehunter on 29/05/2025 - 19:55

    Should i pay tax when get bonus and withdraw money to my bank account?

    • WhyAmICommenting on 29/05/2025 - 20:02
      +1

      No

    • nategasm on 29/05/2025 - 20:17
      +1

      Answered here https://community.ato.gov.au/s/question/a0J9s0000001IQf/p000…
      Short answer: Yes, because you have to sell the rewarded BTC back to AUD to be able to withdraw it to a bank, that makes it a CGT event.

      • pennypacker42069 on 29/05/2025 - 22:42

        Every other ATO post says that sign up bonuses are a gift and not taxable:
        Eg: https://community.ato.gov.au/s/question/a0J9s0000001INc/p000…

        The cost basis should be the value of the bitcoin when you receive it ($100) so you only pay CGT on the difference.

        • Micky14 on 29/05/2025 - 23:15

          So if you sell it under $100 than no need to pay CGT? Is that right?

        • easternculture on 30/05/2025 - 09:06
          -3

          It is NOT exempt from tax

          This will help
          https://www.ato.gov.au/individuals-and-families/income-deduc…

          So just be weary that it may affect your tax, centrelink family payments and even put your over the bracket to pay the medicare levy surcharge

          Long story short, assess your income before you sign up (as its the end of the financial year) as this $100 bonus may cost you a few grand extra in tax or a nice fat fine if they audit and find you a repeated offender of tax evasion.

          • pennypacker42069 on 30/05/2025 - 09:27

            @easternculture: The only mention of gifts in what you posted:

            “Generally, you don't declare amounts you receive for:
            rewards or gifts on special occasions, such as cash birthday presents and gifts from relatives given out of love (however, gifts may be taxable if you receive them as part of a business-like activity or for your income-earning activities as an employee or contractor)”

            Up to you whether you engaged in business-like activity. I personally just wanted to try out a new exchange and they gave me a gift when I joined

            • easternculture on 30/05/2025 - 10:40

              @pennypacker42069: As soon as you exchange back to aud, tax office will know about the crypto transaction and record it.

              Up to you if you want to risk it, but no where on the ATO website is there mention that bank and exchange /forex bonuses are tax exempt.

              Better consult with your accountant

              • pennypacker42069 on 30/05/2025 - 11:13
                +1

                @easternculture: I posted a link already to an ATO rep saying they are classified as gifts and exempt. Unless the ATO publishes clear guidelines saying otherwise I will not pay voluntary tax

                • nategasm on 30/05/2025 - 11:41

                  @pennypacker42069: There is already clear guidance on this, monetary gifts and capital asset gifts are not the same. In the examples from that post, there are exchanges that give bonuses as money (AUD), this is not taxed just like usual referral bonuses. But gifts that are assets like shares or crypto can still have tax implications if you sell them.

                  https://community.ato.gov.au/s/article/a079s0000009GnFAAU/ta…

                  How are other gifts like crypto assets or shares taxed?

                  Shares and crypto assets are known as capital assets, just like property.

                  If you’ve been gifted shares or crypto assets, you:

                  • only pay tax on any income produced by the shares or crypto assets
                  • may be liable for tax when/if you dispose of the shares or crypto assets later.
                  • vorsprung on 30/05/2025 - 12:43

                    @nategasm: I'm struggling to understand what cost base to give the BTC upon receipt?

                    This ATO article suggests it should be given $0, so if you sell it for $100 you'd pay CGT on $100.
                    https://community.ato.gov.au/s/question/a0J9s0000001IQf/p000…

                    In other examples where a capital asset is being gifted however, they suggest to use the market value. In this case, you'd only pay CGT if you sold it for more than $100.
                    https://cjclaw.com.au/selling-gifted-property-cgt

                    For gifted property, the ATO assesses CGT based on the market value of the property at the time of the gift, not the amount the recipient paid (which is usually zero) … The recipient should be aware that the property’s cost base for future CGT calculations will be the market value at the time of the gift, not the donor’s original cost base.

                    So is my cost base $0 or $100 for this gifted BTC?

                    • nategasm on 30/05/2025 - 13:36

                      @vorsprung: I agree this part is confusing but I can't give advice on which is right for sure. I rely on my crypto tax software to figure all this out (Koinly). I checked a few of my referral transactions on there and it seems to give the bonuses the market value at the time of receiving it. They show this specific gift example here too https://koinly.io/blog/tax-on-gifting-crypto/#crypto-gift-ta…

                  • pennypacker42069 on 30/05/2025 - 15:06

                    @nategasm: If you receive a capital asset as gift, your cost basis is the value when you receive it. Eg receive $100 BTC, sell for $110, your capital gain is $10. This is why they say you may be liable for tax when you sell.

                    The uncertainty is whether this bonus counts as ordinary income or not. The only guidance the ATO gives is that if you received it as a result of business-like activity it is taxable income. This generally applies to people running affiliate marketing businesses, influencers that are given gifts as a form of payment for advertising, companies paying clients with products instead of cash, etc. Merely signing up to an exchange is unlikely to be considered a business-like activity

                    • vorsprung on 30/05/2025 - 17:27
                      +1

                      @pennypacker42069: Thanks @nategasm and @pennypacker42069.

                      I finally found this on the ATO community site which agrees with what you're both saying (market value cost base at time of receipt).

                      @nategasm wasn't certain, and whilst you sound certain @pennypacker42069, I'm much more comfortable if I can find the same thing echoed by an ATO employee! https://community.ato.gov.au/s/question/a0J9s0000001IOk/p000…

                      Bloody ridiculous, because this goes against what a different staff member said here (saying the cost base of gifted crypto should be $0): https://community.ato.gov.au/s/question/a0J9s0000001IQf/p000…

                      Unless I'm misunderstanding the difference between the posts… it seems the ATO struggles with their own rules too.

                      Thanks for your input.

                • easternculture on 30/05/2025 - 11:46
                  +1

                  @pennypacker42069: That was 4 years ago. Like i said, best consult with your accountant.

                  As soon as you convert crypto, your hit with a CGT event. Failure to report it will lead to a review of your tax return. If they decide its taxable and your a repeated offender, you could be hit with a decent fine.

    • 1ozbargainer on 29/05/2025 - 20:56
      +4

      cmon bro tax evade

  • ujwols on 29/05/2025 - 19:58

    Good timing. I was planning signup anyways

  • ujwols on 29/05/2025 - 20:00

    anyway to check how many referrals are pending on your account or will it show up only after 14 days?

  • whey4000 on 29/05/2025 - 20:00

    Can you with the bitcoin with AUD, it wants me to buy in USD or do I need to convert it in the app to USD first?

    • Alpha-q on 29/05/2025 - 20:01

      Yes u can

    • Associatednot ai @ Kraken on 29/05/2025 - 20:01
      +2

      You can buy using AUD in both apps. No need to convert to USD first.

    • Lucille Bluth on 29/05/2025 - 20:03
      +2

      Choose BTC/AUD trading pair. Search for it in the markets tab

      • whey4000 on 29/05/2025 - 20:07

        Got it thanks

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

    The first referral link I clicked only said I could get $20USD, so I didn't use that one, but the second link said $100, so I used that one.

    Don't deposit via card, because I did that, and was charged an $8 fee, and didn't meet the requirements for the bonus. So I had to deposit another $200 via bank transfer. Oh well, I'm stupid.

    • GodotX on 29/05/2025 - 21:07

      Yeah very frustrating…me too. Sent $200 over two transactions but didn't get the funding tick. Now generating a PAY ID and waiting. Frustrating that it can't be in two transactions. This should be made clearer.

      • GodotX on 29/05/2025 - 21:09

        And can't even withdraw what I deposited…very frustrating.

      • ilovefullprice on 30/05/2025 - 09:48

        Where can you see the funding tick?

        • RotundPolarBear on 30/05/2025 - 21:14

          I think it was on the referral page in the app.

    • PeeDee on 30/05/2025 - 11:27

      Well you still had good eye for detail for noticing the $20 link

  • AeymothSky on 29/05/2025 - 20:05

    Do you need to KYC? ID etc?

    • Associatednot ai @ Kraken on 29/05/2025 - 20:06

      Yes, Kraken is a regulated exchange and as such requires KYC.

  • dinglejerry on 29/05/2025 - 20:06
    +1

    Done! Congrats to someone who got the $100 ;-)

    with coinspot I normally pay 0.1% on a BTC purchase, seems kraken is a bit higher.

    • Lucille Bluth on 29/05/2025 - 20:16

      The 0.1% maker/taker fee is only one aspect.of total fees. Kraken has a better spread. If you had bought via Kraken Pro limit buy it would have cost less than on CoinSpot with all fees considered. I also have a CoinSpot account.

      • dinglejerry on 29/05/2025 - 20:17
        +2

        Yeah I signed up for the Kraken pro trial.

  • theguyrules on 29/05/2025 - 20:06
    +3

    Just hit 100 referral links. It was 35 when I saw 30 min ago.

    • PeeDee on 30/05/2025 - 11:29

      How did you get them so fast?? Did you put your referral really early?

      • theguyrules on 30/05/2025 - 12:07

        Oh god no, I mean the ozbargain referral pool had 100 referrals when I made this comment.
        I've had 4 clicks with no bonus yet

  • gamesnepal on 29/05/2025 - 20:08
    +4

    Man, I joined for free in Kraken.

  • simplerick on 29/05/2025 - 20:10

    Something is bugged, my kraken PayID is not working as it rejects payments from two banks

    • nategasm on 29/05/2025 - 20:30

      I believe your name must match exactly from the bank account you are sending from.

      • simplerick on 29/05/2025 - 20:31
        +1

        All good I just did osko via bank transfer, sorted

  • Aureus on 29/05/2025 - 20:11

    Thanks OP. Was easy.

  • virtualds on 29/05/2025 - 20:12
    +1

    I have been using kraken. It's been flawless. Security is good as well with 2 factor. Kraken pro has been adding popular crypto/AUD pair regularly. I think all popular and top crypto has pair with AUD now. So no need to convert AUD to USD.

  • lilkid28 on 29/05/2025 - 20:23
    +2

    Been using Kraken for years - no issues. Good deal. For those risk averse, just sign up, buy BTC, get reward and sell BTC

    • theguyrules on 29/05/2025 - 20:32

      Yeah withdrawal was instant, too

  • ilovefullprice on 29/05/2025 - 20:27

    Thanks OP

  • Aa44 on 29/05/2025 - 20:28

    Thanks op

  • Dollar Dreamer on 29/05/2025 - 20:32

    When tax?

  • 1d0ntkn0w on 29/05/2025 - 20:35

    Have people received their BTC already?

    • RotundPolarBear on 29/05/2025 - 23:58

      I signed up a few hours ago and haven't received it yet.

  • idonteven on 29/05/2025 - 20:43

    I mainly use coinspot. Can I sign up, get the BTC and then transfer to Coinspot or should I just withdrawal the BTC as AUD?

    • Lucille Bluth on 29/05/2025 - 20:55
      +1

      Kraken and CoinSpot supports Lightning Network Bitcoin withdrawals for free. So use that. And answer to your question is yes.

      You really should be withdrawing to a hardware wallet though if the intent is to build your BTC stack. Leaving it on an exchange is just an IOU. There was a cheap Trezor hardware wallet advertised a few days ago for $48 here.

      Kraken has really cheap Bitcoin onchain withdrawal fees compared to CoinSpot if you end up going down this route.

      • idonteven on 29/05/2025 - 20:58

        I’ve been learning about stacking my sats for the past month. Trying to learn about hardware wallets but that in itself feels overwhelming. Any recommendations of resources or YouTube videos that I should check out?

        • Lucille Bluth on 29/05/2025 - 21:02
          +1

          Trust me when I say it, once you go through the steps of setting it up it's really easy.

          Get this deal - it expires today and it's a really good price.

          Here is a tutorial on how to set it up on YouTube. Before sending anything to your Trezor, do a small test transfer to ensure it all works and you didn't make a mistake.

          Make it your weekend task. It's actually interesting setting it all up.

      • Happycath on 30/05/2025 - 07:11

        How do I find the QR code or lightening request code in coin spot to initiate withdrawal via lightning network? Thank you

        • Lucille Bluth on 30/05/2025 - 07:40

          You generate it from Kraken. It will generate a Lightning address that you plug into CoinSpot. You are basically creating a receipt with the amount you want to transfer to Kraken, then initiate the transfer from CoinSpot.

          • Happycath on 30/05/2025 - 07:58

            @Lucille Bluth: Thanks for the reply. Do you know where I find the section to plug in the code in coin spot?

            • Lucille Bluth on 30/05/2025 - 08:00
              +1

              @Happycath:

              1. Wallets
              2. Select Bitcoin
              3. Click Send
                4 for Send via which Network? Select Lightning network
              4. Enter amount sending
              5. Enter Kraken Lightning Network BTC payment address
  • ujwols on 29/05/2025 - 20:44

    Between Kraken pro and Okx which is better as long term exchange?

  • jbenn189 on 29/05/2025 - 21:00
    +2

    Be careful with this. I used the link and it didn’t work. They aren’t very helpful on that support chat either. Lost $8

    • Paul B on 29/05/2025 - 21:29

      Kraken+ would be no fees at least

      • jbenn189 on 29/05/2025 - 21:35
        +2

        Yeah unfortunately the bitcoin price dipped a lot haha

        • Paul B on 29/05/2025 - 21:38

          I accidentally bought at current price not limit, so lost a few dollars there

    • ilovefullprice on 30/05/2025 - 09:54

      How did the link not work?

      • jbenn189 on 30/05/2025 - 18:20

        Well the link worked but for some reason the code didn’t apply

  • talismansa on 29/05/2025 - 21:01
    +1

    Sort of new to BTC. I've got some BTC on coinspot from their last promo. How do I combine those BTC into this new account?

    • Lucille Bluth on 29/05/2025 - 21:05
      +3

      Cheapest way is by sending your BTC from CoinSpot to Kraken via the BTC Lightning Network. You generate a Lightning Invoice in Kraken and transfer the BTC using the Lighting Network from CoinSpot to the invoice you created in Kraken. Transfer is near instantaneous.

      The normal other withdrawal option (onchain) is a rip off from CoinSpot. They charge a exorbitant withdraw fee. Take the time to learn to use Lightning Network instead. The onchain withdrawal fee via Kraken meanwhile is really cheap in comparison.

      • dinglejerry on 29/05/2025 - 21:12

        Dumb question but does this constitute a transaction that creates CGT implications - I'm new to BTC and recently purchased something by paying in BTC, didn't realise the disposal of my BTC had CGT associated with it. Thankfully I wasn't too much in the red with CGT but it's good to know for future.

        • Lucille Bluth on 29/05/2025 - 21:14

          Transfers are not CGT events.

          A CGT event will only occur if you sell, swap or spend your BTC.

          • dinglejerry on 29/05/2025 - 21:15
            +1

            @Lucille Bluth: Thanks for that, I guess a transfer to yourself that would make sense - vs when I sent my BTC to someone else…. https://www.ato.gov.au/individuals-and-families/investments-…

            • Lucille Bluth on 29/05/2025 - 21:18
              +2

              @dinglejerry: Ah yes, that's a disposal if you are sending to someone else.

              Also if using it to pay for stuff you could get a CGT exemption if paying for something that js under $10,000. You may want to see if you are eligible, maybe speak to an accountant or get an ATO ruling for your specific example.

      • ujwols on 29/05/2025 - 21:19
        +1

        Thanks for this mate, lightning network seems super cheap

      • PeeDee on 30/05/2025 - 11:32

        Is it the same process for transferring from coinbase to kraken too?

        • Lucille Bluth on 30/05/2025 - 11:35

          Yes Coinbase also supports BTC Lightning Network

  • Brick50 on 29/05/2025 - 21:07
    +7

    Just got my ING account blocked by trying to deposit lol, they stipulated they will NOT process any transactions to Kraken. They unblocked my account and stated any future transactions will be blocked so do not attempt to deposit from ING unless you want to call them to have your account unblocked.

    Update: Just tried via NAB instead, now that account is blocked also and unable to call outside of 7am-7pm to unlock the account, unsure if they will process transaction once they unlock it.

    • killingtime on 29/05/2025 - 21:23
      +7

      Don't bank with ING, got it

    • Fishballs on 29/05/2025 - 21:26

      I got this too, was going to try with boq, has anyone tried with them. Or is this a red flag that this is all a bit dodgy?

      • whey4000 on 29/05/2025 - 21:30

        no issues with up

    • Paul B on 29/05/2025 - 21:30

      ANZ sent scam warning message after deposit but still came through quickly.

      • JMxoxo on 29/05/2025 - 21:49

        If you’re on anz plus
        Go security
        Scam safe or something like that
        Then there’s a crypto protect toggle in there somewhere. Obv turn it off, no issues but I think low limit of $8k pm or something

        • Brick50 on 30/05/2025 - 08:34

          Did transfer from ANZ plus 12 hours ago, seemed to go through but account not funded yet

          • JMxoxo on 30/05/2025 - 08:49

            @Brick50: If payid a handful of times I’ve been hit with the goofy 24h waiting. If nothing at the 25-26h mark I’d contact kraken

    • vorsprung on 29/05/2025 - 21:45

      Yeah I’ve been stung with a locked ING account in the past, PITA waiting on hold for half an hour.

      I transferred $200 from ING to Up, then tried to transfer that to Kraken and Up would only schedule the payment for 12 hours later. Sigh.

      I finally just did PayPal using my ING Debit Card. Kraken got the money, the amount is showing as “pending” in my ING account. I’m hoping they don’t reject the payment, and I end up in hot water with PayPal or Kraken.

      I will be rid of ING soon.

      • YeemaiI on 29/05/2025 - 22:20

        I finally just did PayPal using my ING Debit Card. Kraken got the money, the amount is showing as “pending” in my ING account. I’m hoping they don’t reject the payment, and I end up in hot water with PayPal or Kraken.

        Same here, just went through PayPal using my (blocked account) NAB debit card and it went through. PayPal also says the payment is 'pending' so hopefully if I can get my NAB account unblocked ASAP it should be all good.

      • Ryxxi on 30/05/2025 - 01:10

        happened to me as well opened an afca complaint and it wss a waste of time .

    • DingoBilly on 29/05/2025 - 21:45
      -7

      Lol. Good on the banks for stopping the crypto crap, but that is pretty annoying.

      • alcadive on 30/05/2025 - 06:03
        +2

        Why did you upvote the deal for crypto crap?

    • Traya1 on 29/05/2025 - 23:18
      +1

      Same lol, apparently it is a business decision not to send any money to Kraken.

      Really not a fan of not being able to send my money to who I want when I want.

  • Binchicken22 on 29/05/2025 - 21:34
    +6

    BTC Gunna moon from all the ozbargainers buying up

  • simplerick on 29/05/2025 - 21:42

    Annoying bug with the app, once I close it completely and reopen, it throws login error after opening and prompts me to enter login details every single time.

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