how to withdraw money from kraken app

To withdraw funds from Kraken, log in to your account, navigate to the Funding page, select your withdrawal method and cryptocurrency, enter withdrawal details, and confirm the transaction.

Oct 25, 2024 at 04:18 pm

How to Withdraw Money from Kraken App

Step 1: Log in to your Kraken account

• Open the Kraken app on your mobile device.
• Enter your login credentials and tap "Log in."

Step 2: Navigate to the Funding page

• Tap the "Funding" tab from the bottom menu bar.
• Select "Withdraw" from the top right corner.

Step 3: Choose your withdrawal method

• Select the cryptocurrency you want to withdraw and the withdrawal method (e.g., bank transfer, crypto address).
• Each withdrawal method may have different minimum and maximum withdrawal amounts.

Step 4: Enter withdrawal details

• Enter the amount you wish to withdraw.

• Provide the necessary details for your chosen withdrawal method:

  • Bank account number and BIC/SWIFT code for bank transfers
  • Cryptocurrency address for crypto withdrawals

Step 5: Review and confirm

• Carefully review all the withdrawal details to ensure accuracy.
• Tap "Review" to check the transaction fee and estimated withdrawal time.
• If everything is correct, tap "Confirm" to initiate the withdrawal.

Step 6: Wait for processing

• Kraken will process your withdrawal request.
• The processing time may vary depending on the withdrawal method and network congestion.

Step 7: Receive your funds

• Once the withdrawal is processed, the funds will be sent to the specified destination.
• The actual time for receiving funds may vary depending on the withdrawal method and destination.

Additional Notes:

• Kraken may ask for additional verification (e.g., ID verification) if you are withdrawing significant amounts of funds.
• Withdrawal fees apply to all withdrawals. The fees vary depending on the cryptocurrency and withdrawal method.
• It is recommended to use a whitelisted withdrawal address for crypto withdrawals to prevent loss of funds due to incorrect addresses.