How to transfer Kraken exchange virtual currency to other platforms

There are six steps to transfer virtual coins to other platforms on the Kraken exchange: create a Kraken account; deposit virtual coins into Kraken; select the platform to transfer to; obtain the receiving address; initiate the transfer on Kraken; confirm and send Virtual currency. Note that transfers usually take some time to process, and Kraken charges a small fee.

Kraken Exchange method to transfer virtual coins to other platforms

Method:

Step 1: Create a Kraken account

If you don’t have a Kraken account yet, please go to kraken.com Sign up for one.

Step Two: Deposit Tokens into Kraken

After logging in using your Kraken account credentials, select the “Deposit” tab. Select the coins you want to deposit, generate a deposit address and copy it. Go to your source wallet and send coins to the deposit address provided by Kraken.

Step 3: Select the platform you want to transfer to

Select the platform you want to transfer your virtual currency to. Make sure the platform also supports the cryptocurrency you want to transfer.

Step 4: Get the receiving address

On the platform of your choice, find and copy the receiving address.

Step 5: Initiate a transfer on Kraken

Go back to your Kraken account and select the "Withdraw" tab. Select the virtual currency you want to transfer, paste the receiving address you copied from the target platform, and enter the transfer amount.

Step 6: Confirm and send

Check the transfer details carefully to make sure the address and amount are correct. Then, confirm the transfer and send your coins.

Note:

• Transfers usually take some time to process, depending on network congestion.
• Kraken will charge a small handling fee.
• Always double check the address before making any transfer. Wrong address can result in loss of funds.

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