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What is the PIX funding method?
Last updated: July 3, 2026
PIX is an instant payment system created by the Central Bank of Brazil. It allows people and businesses to send and receive cash 24/7.
To use PIX, you must have the following:
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A verified Kraken account registered to an address in Brazil
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a Brazilian Tax ID (CPF) which matches the name on your Kraken account,
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a bank account or wallet app linked to your CPF which supports PIX payments.
You can deposit Brazilian Real (BRL) to Kraken via PIX. However, BRL cannot be held in your Kraken account. Once deposited, your BRL deposits will be credited to your account as BRL1 - a stablecoin pegged 1:1 to the Brazilian Real. Learn how to deposit here.
Currently, BRL deposits are only available via Kraken web (kraken.com/c).
Note: There is a daily limit of 550,000 BRL for BRL deposits. This refreshes after 24 hours.
Note: There is a daily limit of 10,000 BRL for BRL withdrawals. This refreshes after 24 hours.
PIX code: is the number or QR code that shows who will receive the money in a PIX transaction. You use it to send money from your bank to your Kraken account using PIX.
PIX key: is the unique identifier that represents your bank account in Brazil. You use it when you want to withdraw money.
CPF is a unique 11 digit number issued by the Brazilian Inland Revenue Service representing your registration with the Cadastro de Pessoas Físicas in Brazil.
PIX deposits are free of charge from Kraken. IOF tax (0.3%) is a mandatory Brazilian government tax applied to all foreign currency transactions.
BRL deposits are credited as BRL1 stablecoin and can be held in your account.
Kraken’s payment providers utilize a network of foreign exchange brokers. The exact exchange rate, inclusive of taxes and fees, is displayed prior to completing your payment.