Kraken has been around since 2011, one of the old guard. US based but with a local Australian presence after acquiring Bit Trade. The invite link and code thppsbdk were promising up to $350 in BTC (or equivalent) for new users who verify, deposit, and trade a minimum amount within 30 days. It was one of the higher headline numbers I'd seen, so I gave it a go.
The process felt more traditional finance than some of the slick new apps. More paperwork, more verification stages, but also a sense that they take compliance seriously.
Kraken supports AUD deposits and has both a consumer app and the more advanced Kraken Pro interface. For Aussies it's a registered DCE.
The Sign Up: More Steps Than I Expected
I used the invite link (https://invite.kraken.com/JDNW/p9bblihv) and entered the code thppsbdk where prompted.
Verification was multi stage. Basic account, then ID verification, then funding and trading eligibility. It took a couple of sessions over a day or two to get everything green. Clear photos and patience helped.
Once verified the referral bonus campaign showed the requirements: typically verify, deposit fiat, and trade a certain volume (e.g. equivalent of a few hundred AUD) within 30 days. The reward is a random amount up to the headline (in some promos up to $350 or A$350 equivalent in BTC for referrer and referee). Not guaranteed the max.
Claim the Kraken offer - Use code thppsbdk or the invite link. Terms apply; offer subject to change.
- Bonus: Up to $350 (or regional equivalent) in BTC for eligible new users
- Code / Link: thppsbdk or https://invite.kraken.com/JDNW/p9bblihv
- Who qualifies: New Kraken users completing verification, fiat deposit, and minimum trade volume within timeframe
- Key requirement: Meet the trading minimum (often around equivalent of $200 local currency) within 30 days of eligibility
Depositing AUD and the First Trade
I linked a bank account and did a transfer. Kraken supports bank transfers, and in the app there are options like Apple/Google Pay with fees. The transfer landed and I was able to buy.
The app is clean. Pro interface is more chart and order book heavy for people who want that. I did a small spot buy to tick the activity box and start the clock on the bonus.
Fees are maker/taker starting around 0.25%/0.40% and improve with volume. There's also a Kraken+ subscription option for 0% fees up to a monthly volume cap (spread and other fees still apply).
The bonus credit appeared in the account after the conditions were met and the review period passed. It was BTC and real.
Honest Takeaways from the First Month
What worked:
- The bonus was real for me after hitting the trade minimum
- AUD support is there and the local subsidiary helps with compliance feel
- Security options are solid (they've been around a long time for a reason)
- The app is usable without feeling overwhelming once you're past setup
What was annoying:
- Verification took more effort and time than some newer platforms
- Some advanced features or higher limits unlock gradually
- The "up to $350" is a range - you might get the high end, you might get less. It's not a fixed $350 for everyone who qualifies
- Support is good but not instant chat in every case
Would I Recommend It?
For someone who wants a long established name, is okay with a slightly more traditional verification process, and is happy to trade the minimum to unlock the bonus, it's a solid option. The local AU registration is reassuring for some.
If you want instant everything and minimal paperwork, one of the newer slicker apps might feel better for the first buy.
The bonus was a nice incentive to actually make the first trades instead of just parking money. I kept the position small and used it as the learning trade it was.
Claim the Kraken offer - Sign up with the invite link or code thppsbdk if you're eligible for the current referral offer. Terms apply.
Disclaimer
Coupon CEO may earn a commission if you sign up through our links, at no extra cost to you. Cryptocurrency is highly volatile and you may lose money. Past performance is not indicative of future results. The referral bonus is for eligible new Kraken users only - terms and conditions apply, and offers may change without notice. The amount is variable up to the headline maximum. This is not financial advice. Always do your own research and only invest what you can afford to lose.
FAQ
How long does Kraken verification take?
It can take from a few hours to a couple of days depending on the level and volume. Have your ID ready and expect possible follow ups for higher limits.
Where do I enter the Kraken code thppsbdk?
During sign up via the invite link or in the referral/promo field if shown.
Is the up to $350 bonus guaranteed?
No. Eligible users may receive a variable amount in BTC (or equivalent) after completing verification, depositing, and trading the minimum volume within the window (often 30 days). The amount is random up to the max in many campaigns.
Can I use AUD on Kraken?
Yes. Bank transfers and app payment options are available for Australian users.
What are Kraken fees like?
Maker/taker starting around 0.25%/0.40% and decreasing with volume. Kraken+ subscription offers 0% fees up to a monthly cap (other fees may still apply). Check the current schedule.
Is Kraken safe?
One of the longest running major exchanges (founded 2011) with a strong security reputation. They have a local Australian entity registered as a DCE. All platforms carry risk.
What if I only get a small bonus?
The campaign often uses a random or tiered distribution up to the headline. You still get something if you meet the criteria, but the max is not guaranteed for every eligible user.
Ready to give it a crack? Claim the Kraken offer - Sign up with the invite link or code thppsbdk and complete the steps for the current bonus. Terms apply.
