The Offer
- Kraken is offering a 3% deposit match on any cash deposited or crypto transferred between February 2, 2026 and March 9, 2026. Enrollment required.
Additional Details
- Offer valid February 2, 2026 through March 9, 2026. All deposits between these dates (after enrollment) count.
- Must maintain the funds for 18 months after March 9, 2026.
- Deposit any amount from $1 up to $1,000,000 USD.
- Auto Earn must be enabled in the process of enrolling in the February Deposit Match. Opting in to Opt-In-Rewards (OIR) is not required to participate or receive the 3% match.
- You’re free to trade and manage your assets throughout both the promotion window and the 18-month hold period (March 9, 2026 – September 9, 2027). Qualification is based on the value of your net deposits during the promotion period, not market performance.
Our Verdict
I can see this bonus making sense in 3 different ways:
- Cash APY bonus: As a cash bonus, someone can transfer in any amount of cash they want, buy SGOV with the cash and let it sit in the brokerage. Basically, you’ll be getting an extra 3% APY on top of a solid APY savings account rate. That’s like an extra 2% per year. Solid.
- Buy Stock: Someone who has cash that they’ll using anyway to buy stock/ETFs can transfer in cash and then proceed to buy the stock in Kraken.
- Crypto Transfer: For someone with crypto holdings, they can transfer their crypto for the match. Crypto is not my thing so I’ll skip any analysis on this angle.
Personally, since I already have an account with Kraken from another bonus offer, I’m considering doing this as a mixture of a cash bonus and stock bonus. I’ll transfer over a chunk of cash and buy SGOV with the funds. Then, I’ll use those funds slowly to buy my dollar-cost-average S&P500 ETF purchase each week for the next 18 months. After 18 months I can ACATS transfer the stock out of Kraken, if I choose.
(My only hesitation is that if I do this promo I’m not sure how it will effect the other stocks transferred for a prior promo. Will I be able to transfer out those funds in November when the qualification period ends or will that decrease my overall portfolio with Kraken and thus invalidate this new 3% promo? I’m thinking to keep the new funds is separate ETFs to track it more easily, but want to get confirmation from Kraken first that this will work.)
Hat tip to reader Elaz
