I recently joined Kraken and honestly my experience has been really disappointing. I opened a new account, completed the required verification, bought USDC, and then tried to withdraw it to my own external wallet. Shortly after that, my account was restricted with very little explanation. There was no clear warning beforehand that trying to withdraw my own crypto could trigger an account restriction. Now my funds are effectively stuck while I wait for Kraken to complete an internal review. I understand exchanges need fraud and compliance checks, but restricting a verified customer’s account immediately after a legitimate withdrawal attempt, without clearly explaining what caused it or how long it will take to resolve, is extremely frustrating. Support has so far provided very limited information beyond saying the matter is being reviewed. Has anyone else had this happen recently with Kraken? How long did it take before your account was unrestricted and you were able to withdraw your funds? I’ll update this post once Kraken resolves the issue so others know what to expect.

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