1. Acceptance of Terms
By participating in the February Deposit Match promotion (“Promotion”), you agree to these Official Terms & Conditions (“Terms”) and to the Kraken.com Terms of Service, which together form a legally binding contract between you and the Sponsor. Please read these Terms carefully before participating.
No purchase, payment, or funding outside of the qualifying deposit activity described below is necessary to participate. Void where prohibited or restricted by law.
2. Sponsor
This Promotion is sponsored by:
Payward, Inc., 1209 Orange St., Wilmington, DE 19801, USA (“Kraken” or “Sponsor”)
Sponsor operates the Promotion for all eligible jurisdictions listed in Section 3.
3. Eligible Areas
The Promotion is open to eligible Kraken customers residing in jurisdictions where Kraken operates, excluding the United Kingdom, Australia, and any other location where trading incentives are restricted or prohibited by law.
If Kraken’s availability in a particular jurisdiction changes, eligibility for this Promotion will adjust automatically.
4. Promotion Period
The Promotion begins February 2, 2026 at 14:00 UTC and ends March 9, 2026 at 13:59 UTC (“Promotion Period”).
The snapshot used for Net Eligible Deposit (“NED”) calculation occurs at the close of the Promotion Period.
5. How to Participate
To qualify for the Promotion, you must:
1. Hold a Kraken account in good standing and complete verification.
2. Enroll into the Promotion through the Kraken app during the Promotion Period. Note that you may not enroll in the Kraken Pro or Krak apps.
If you do not already have the Kraken app, download the latest version and log in to your Kraken account.
Tap your profile picture in the top-left of the Home screen.
Tap ‘Offers’ within the ‘Features’ section.
Tap 'February Deposit Match'.
Tap 'Enroll now'.
Follow any additional instructions provided as part of the Promotion.
3. Enable Auto-Earn at the time of opt-in.
Auto-Earn is only required to complete enrollment.
You are not required to keep Auto-Earn enabled during the holding period.
Opting in to Opt-In-Rewards (OIR) is not required to participate in this Promotion or to receive the Reward.
4. Make Qualifying Deposits via a Qualifying Funding Method into your Kraken account during the Promotion Period.
5. Maintain your Net Eligible Deposits (defined below) for the required 18-month hold period to avoid clawback.
6. Avoid withdrawals that would take you below your Net Eligible Deposits during the 18-month hold period.
Limit: One participation per person.
6. Net Eligible Deposit (NED) Calculation
Your NED is calculated as: NED = (Deposits during Promotion Period) – (Withdrawals during Promotion Period)
The snapshot occurs at the end of the Promotion Period.
Only deposits via qualifying funding methods count toward NED (internal transfers and trading activity are excluded).
Only withdrawals reduce NED.
Maximum NED eligible for matching is $1,000,000 USD equivalent per person.
Kraken may adjust NED calculations to address fraud, abuse, or operational errors.
7. Qualifying Funding Methods for Deposits
Find below a list of Qualifying Funding Methods. Funding via credit card, debit card, Google Pay, or Apple Pay is not a qualifying funding method. Note that funding may be done via your Kraken account or Kraken Pro account, but you must have enrolled for this Promotion via the Kraken app.
Any bank transfer method
Any crypto deposit method
Plaid
PayPal
iDEAL
Ivy
Interac E-deposit
8. Reward
8.1 Reward Amount
Eligible participants will receive a reward (“Reward”) equal to:
3% of their Net Eligible Deposits, up to a maximum reward of $30,000 USD equivalent per participant.
Minimum qualifying deposit: $1 USD (or crypto equivalent).
8.2 Reward Asset
Rewards will be delivered as follows:
USDG to users located in the United States, the EEA, and all other jurisdictions where USDG is supported.
USDC for users located in Canada.
Reward delivery currency localization may be used for display purposes in the app. As a result, users with a currency display preference set to anything other than USD may see small discrepancies owing to currency conversion rates.
8.3 Reward Issuance
Reward credits will be issued 14 days after the end of the Promotion Period and following Kraken’s verification of eligibility.
Rewards are spendable immediately inside Kraken but are non-withdrawable for 18 months following issuance.
Rewards may be subject to clawback as described in Section 10.
Rewards are non-transferable and may not be exchanged or substituted except at Kraken’s discretion for assets of equal or greater value.
9. Eligibility Requirements
You are eligible to participate if, throughout the Promotion:
You reside in one of the Eligible Areas listed in Section 3;
You have a Kraken account in good standing;
You complete all required steps in Section 5;
You are not otherwise ineligible under applicable law or the Kraken.com Terms of Service.
10. Restrictions, Lock Period & Clawback
10.1 18-Month Holding Requirement
To retain the Reward, you must not withdraw below your NED throughout the 18 month hold period following the end of the Promotion Period.
10.2 Clawback Conditions
Kraken may revoke (claw back) the Reward—by reversing it or debiting assets of equivalent value—if:
Your NED falls below the amount required to maintain the Reward during the 18-month hold period;
You withdraw funds to a Derivatives wallet (for participants located in the United States);
You withdraw funds to a Custody wallet;
Your account is suspended, restricted, or closed;
Fraud, abuse, gaming, self-funding, wash practices, or manipulation are detected;
You violate these Terms or the Terms of Service;
You misrepresented your eligibility.
Clawbacks may occur without prior notice.
11. Notification of Reward
Rewards will be credited directly to your Kraken account. Kraken may request additional documentation to confirm eligibility.
If your account is not in good standing at the time of reward issuance, Kraken may refuse or revoke the Reward.
12. Privacy
Personal information will be processed in accordance with Kraken’s Privacy Notice: https://www.kraken.com/legal/privacy
You consent to Kraken providing necessary information to service providers or regulators for administering the Promotion or complying with law.
13. Disclaimers
Kraken is not responsible for:
Internet, device, or connection failures;
Lost or misdirected entries;
Platform outages or delays;
Acts of God, war, terrorism, labor disputes, regulatory restrictions, or other force majeure events.
14. Limitation of Liability; Disputes; Governing Law
To the maximum extent permitted by law:
You release and hold harmless Kraken and its related parties from any claims, losses, damages, or liabilities arising from your participation or your Reward.
Class Action Waiver
All disputes will be resolved individually, without resort to class or representative actions.
Governing Law & Arbitration
Any dispute arising out of or relating to this Promotion will be governed by the laws of England & Wales, without regard to conflict-of-laws principles.
All disputes will be resolved by confidential binding arbitration in London, England, administered by the LCIA, and judgment may be entered in any court of competent jurisdiction.
Kraken may seek equitable relief in any court.
If any part of these Terms is held invalid, the remainder will continue in full force and effect.
15. Taxes
Participants are solely responsible for any taxes arising from receipt of the Reward. Kraken does not provide tax advice.
16. General Terms
Kraken may modify, suspend, or terminate the Promotion in whole or in part at any time, including to address fraud, regulatory changes, platform risk, or operational issues.
Kraken’s decisions regarding the Promotion are final.
These Terms constitute the entire agreement governing the Promotion and supersede any marketing materials or communications.
17. Contact
Questions may be submitted through Kraken Support at: https://support.kraken.com