how to send bitcoin on kraken

Sending Bitcoin from Kraken involves logging in, selecting Bitcoin under the Funding tab, entering the recipient address, specifying the transfer amount, choosing a withdrawal option, and clicking "Submit Withdrawal" after a security verification step.

Oct 03, 2024 at 04:18 pm

How to Send Bitcoin on Kraken

Kraken is a digital asset exchange that allows users to buy, sell, and transfer cryptocurrencies, including Bitcoin (BTC). Sending BTC from Kraken is a straightforward process that can be completed in a few simple steps.

Step 1: Log in to Your Account

• Navigate to Kraken's website and log into your account using your username and password.

Step 2: Navigate to the Funding Tab

• Once logged in, click on the "Funding" tab located at the top of the screen.

Step 3: Select Bitcoin (BTC)

• Under the "Assets" section, select Bitcoin (BTC).

Step 4: Click "Withdraw"

• Click on the "Withdraw" button located on the right side of the BTC section.

Step 5: Enter Recipient Address

• In the "Withdrawal Address" field, enter the address of the external crypto wallet you want to send BTC to. Ensure the address is accurate, as sending BTC to an incorrect address cannot be recovered.

Step 6: Type in the Amount

• Enter the amount of BTC you want to transfer.

Step 7: Select Withdrawal Options

• Under "Withdrawal Options," you can customize the fee and speed of your transaction:

  • Regular: Standard transaction speed and fees.
  • Fast: Faster transaction speed, but higher fees.
  • Dynamic: Transaction fee that fluctuates based on network congestion, providing a balance between speed and cost.

Step 8: Review and Withdraw

• Carefully review all the details of your withdrawal.
• If everything is correct, enter your 2FA code or other security measure required by Kraken.
• Click the "Submit Withdrawal" button to initiate the transaction.

Step 9: Track the Transfer

• Once the transfer is initiated, you can track its status in the "Recent Withdrawals" section of the Funding tab.

Additional Notes:

• Kraken may require additional verification steps, such as email or SMS verification, for large or sensitive transactions.
• The processing time for withdrawals may vary depending on the selected speed option and network congestion.
• Always double-check the recipient address before submitting a withdrawal to avoid losing your funds.