Kraken is an online cryptocurrency exchange US based. Site is quite popular on the network due to the large trading volume. Another fact whya it become so widespread, it allows you to deposit and withdraw funds in different currencies: dollars; Euro; Canadian dollars; Japanese yen; pounds; popular cryptocurrencies
The company began offering cryptocurrency exchanges on July 28, 2011.
The Kraken exchange interface has been translated into two languages:
To be able to exchange cryptocurrencies or buy / sell them for fiat currencies, the user have to register. To do this, you need to fill out a standard form:
A letter comes to the mail with a request to verify the e-mail. Only after that the user gets access to the personal account. To get privileges, you need to go through full verification.
Only verified users can use all the functionality of the Kraken exchange. There are several levels of verification on the platform:
Level 0 gives after registration, while deposits and withdrawals are not available;
Level 1 – you need to enter your name, date of birth, country and phone number, after which you will be able to replenish your account, withdraw money and trade on the exchange;
Level 2 – the user must confirm the address of residence, after which he will be able to replenish and withdraw money from the wallet in fiat currencies;
Level 3 – confirm the address of residence, submit the TIN, after which their limits will increase;
Level 4 – for those who are interested in maximum limits or corporate registration, you need to contact Kraken’s technical support.
Verification on the Kraken is much easier than on other exchanges, even without sending a passport, you can get euros from the card and withdraw sufficient amounts.
But in order to get USD you still have to send a scan of your passport. If you don’t want to do this at all, you can use USDT – this is a token whose value = 1 dollar.
The Kraken exchange, unlike other platforms, offers one and only way to increase account security. Users can enable two-factor authentication. This function works not only when logging into an account, but also to gain access to trading on the exchange.
The Kraken cryptocurrency exchange supports a fairly large number of pairs. All major currency pairs are represented on the Kraken (Bitcoin; Ethereum; Euro;dollar and others).
Traders can take advantage of leverage, which will allow them to increase their income from cryptocurrency trading.
If you have some BTC left in your Coinbase wallet you can transfer them to Kraken platform. To do so, you can follow following steps:
The first section that catches your eye when you start filling out a transfer request to Coinbase is the recipient / destination field. When you get here, know that this is where you need to enter and input your wallet address where you will receive your Bitcoins from Coinbase.
Then select the cryptocurrency you want to deposit( from the side menu that you can find on the left side of the screen). When selected, click “generate New Address” and you will get your “Deposit address”. A bit complicated.
If you follow steps explained above, your cryptocurrency will be transferred normally from your Coinbase account to Kraken account.
The whole process takes about 45 minutes or maybe more. So you need to be patient.
After confirming transaction feel free to check both you accounts.
Please pay special attention to the Destination Address and where to find it.
Lastly , Do not forget to double-check the successful transfer to your Kraken account.
This is the end of How To Transfer Bitcoin From Coinbase To Kraken article. Thanks for reading.