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Kraken Borrow

Spend more than your cash balance

Cash goes first. Borrow handles the rest.

Stacks of coins on transparent blocks representing cryptocurrency borrowing

Available on

Buy more
Buy more without selling what you hold
Cash first
Your cash is spent before anything
No fixed terms
Repay whenever you like, at your pace
Review, then confirm
Know exactly what you’re borrowing

What is Kraken Borrow?

Kraken Borrow lets the crypto you hold become additional buying power, without needing to sell from your portfolio. Kraken shows how much you can purchase based on your cash balance and the value of your eligible crypto, up to 3 times the value of your eligible assets. Your cash is spent first and your buying power covers the rest when you need it, with the full terms shown before you confirm your order.

How buying beyond your cash works

Four steps to buy more crypto with the cash and portfolio you have in your
Kraken account.

Choose what to buy

Pick an eligible asset such as Bitcoin, ETH or Solana, then enter the amount you want to buy.
Cryptocurrency asset list for choosing what to buy in the Kraken app

See your buying power

Your buy screen shows one figure. Your cash balance, plus the amount that the eligible crypto in your portfolio can support.
Cryptocurrency buy screen showing available buying power

Cash first, then your buying power

If you're buying more than you have in cash, your buying power automatically covers the rest.
Buy screen showing a purchase funded with cash and a cryptocurrency-backed loan

Review terms and confirm

Your fees, daily interest cost, and total appear on the review screen before you confirm and execute your purchase.
Cryptocurrency purchase review screen showing order details before confirmation

Kraken Borrow FAQs

Yes. Kraken lets you use crypto you already hold as collateral to raise your buying power and buy more, in a single flow, without selling.

Up to 3 times the value of your eligible assets, including the crypto you're buying. For example, $10,000 in eligible collateral at a 5% haircut gives up to $28,500 in buying power. Check the Borrow Center for your personal figure.

Yes. The crypto you buy is yours and you keep full exposure to its price. The portion bought with your buying power is held as security until you repay, so it can't be withdrawn or sent during that time — but you can sell it whenever you want.

The Borrow Center shows your borrow health as Healthy, Caution, or At risk. At Caution you may get a margin call asking you to add eligible assets or repay part of what you owe. At At risk, some or all of your crypto may be sold automatically to cover what you owe. This can happen quickly and without additional notice, so don't rely on getting a warning first.

There's no repayment deadline and no minimum payment. Repay partially or in full at any time — with USD for free, or by selling any asset you hold, where a conversion fee applies.

Available to US residents in 48 states, excluding New York and Maine.

Eligible crypto you already hold on Kraken, including BTC and ETH, each with its own collateral weighting.

Kraken Borrow US, Kraken Borrow, and Kraken Flexline are separate products subject to terms and conditions and geo restrictions.

Kraken Borrow US combines two transactions: a spot trade using U.S. dollars, provided by Payward Interactive, Inc. d/b/a Kraken (“PWI”), and a spot margin trade for the borrowed portion, offered through NinjaTrader Clearing, LLC d/b/a Kraken Derivatives US (“NTC”), a CFTC-registered Futures Commission Merchant and NFA Member (NFA ID: 0309379), with financing provided by an affiliated lender. View Kraken Disclosures and NTC Disclosures.

Spot and spot margin trading involves substantial risk and is not suitable for everyone. Losses may exceed the initial investment, and additional collateral may be required. While leverage can increase potential returns, it also significantly increases risk. Leverage available may vary by asset. Past performance is not necessarily indicative of future results. Availability of margin trading through Kraken Derivatives US is subject to certain limitations and eligibility criteria. View Spot Margin Risk Disclosure Statement

This page is for informational purposes only and is not a recommendation to use Kraken Borrow. See Kraken Borrow US disclosures: Kraken Disclosures, Kraken Derivatives US Disclosures, Spot Margin Risk Disclosure Statement

See your buying power

Open the Kraken app to see what your portfolio can buy.

Scan to see your buying power

Hand holding a phone displaying the Kraken app portfolio and price chart