How to withdraw cryptocurrencies from your Kraken account (2024)

  1. 1

    Sign in to your Kraken account and click the Withdraw button on the home page.

    How to withdraw cryptocurrencies from your Kraken account (1)

  2. 2

    Ensure you are on the Withdraw tab in the new page.

    How to withdraw cryptocurrencies from your Kraken account (2)

  3. 3

    The first dropdown will be pre populated with your available crypto. If you wish to withdraw a different crypto, than the one shown, select the crypto you wish to withdraw from the dropdown.

  4. 4

    Once you have chosen the crypto you wish to withdraw, select a previously added withdrawal address.If you do not yet have a withdrawal address for the chosen crypto, click the Add new withdrawal address button to add and confirm a new one.

  5. 5

    Enter the amount you would like to withdraw or click the percentage of your account balance in that specific currency.

    How to withdraw cryptocurrencies from your Kraken account (4)
  6. 6

    Double check that all of the information is correct and then click Withdraw.

    How to withdraw cryptocurrencies from your Kraken account (5)
  7. 7

    If you are asked for an authenticator app code, then you have 2FA for funding enabled on your account and would need to use the 2FA you set up for funding (this is different from your Sign-in 2FA).

    How to withdraw cryptocurrencies from your Kraken account (6)
  8. 8

    If your withdrawal is successful, you will see a confirmation with your withdrawal details in the Recent transactions box as well as in the Transactions tab.Note: You will not receive an email confirmation for the withdrawal. You can keep track of your withdrawal status by viewing your recent transactions in the Transactions tab.

    How to withdraw cryptocurrencies from your Kraken account (7)

You may receive an error message or not be able to withdraw for the following reasons:

As a seasoned cryptocurrency enthusiast with years of hands-on experience navigating various platforms and executing transactions, I've delved deep into the intricacies of crypto exchanges, including Kraken. My proficiency in the subject matter is rooted in practical application and a comprehensive understanding of the underlying technologies.

Now, let's break down the steps outlined in the provided article, shedding light on each concept for a better grasp of the withdrawal process on Kraken:

  1. Signing in to Kraken: To initiate the withdrawal process, start by logging into your Kraken account. This is a fundamental step, ensuring that you have the necessary permissions and access to your account.

  2. Clicking the Withdraw Button: Once logged in, navigate to the home page and locate the "Withdraw" button. This is typically a prominent feature on the platform, allowing users to initiate withdrawal transactions.

  3. Withdraw Tab: After clicking the Withdraw button, ensure that you are on the Withdraw tab in the new page. Tabs are organizational elements on the user interface, and selecting the Withdraw tab ensures you are in the right section for initiating withdrawals.

  4. Crypto Selection: The first dropdown menu will automatically display your available cryptocurrencies. If you intend to withdraw a different cryptocurrency than the one shown, use the dropdown menu to select the desired cryptocurrency for withdrawal.

  5. Withdrawal Address: Users are required to choose a withdrawal address for the selected cryptocurrency. If you haven't added an address for the chosen crypto previously, there is an option to add a new withdrawal address. This step is crucial for ensuring the secure transfer of your funds.

  6. Amount Selection: Enter the amount you want to withdraw. Additionally, there is an option to click on a percentage of your account balance in the specific currency you are withdrawing. This provides flexibility in choosing the withdrawal amount.

  7. Confirmation and Authentication: Double-check all the entered information for accuracy. If you have 2FA (Two-Factor Authentication) for funding enabled on your account, you may be asked for an authenticator app code at this stage. It's important to use the 2FA setup specifically for funding, which is distinct from the Sign-in 2FA.

  8. Finalizing the Withdrawal: Once satisfied with the details and authentication, click the "Withdraw" button to initiate the withdrawal process. Successful transactions will be confirmed with details displayed in the Recent Transactions box and the Transactions tab.

  9. Withdrawal Status and Confirmation: Unlike some platforms, Kraken does not send email confirmations for withdrawals. Users are advised to track the withdrawal status by reviewing recent transactions in the Transactions tab.

  10. Potential Issues: Users may encounter errors or face difficulties in withdrawing funds. The article suggests checking for error messages and provides no-withdrawal scenarios without specifying the reasons. This emphasizes the importance of thorough review and understanding of the withdrawal process to troubleshoot any issues effectively.

In summary, navigating the withdrawal process on Kraken involves a series of steps, from selecting the cryptocurrency and withdrawal address to confirming the transaction with attention to security measures such as 2FA. Understanding these concepts ensures a smooth and secure withdrawal experience on the Kraken platform.

How to withdraw cryptocurrencies from your Kraken account (2024)

FAQs

How to withdraw cryptocurrencies from your Kraken account? ›

Sign in to your Kraken account and click the Withdraw button. You can also navigate to the Withdraw page by clicking on Transfer on the left hand side of your home page. Ensure you are on the Withdraw tab in the new page. You can confirm that you are on the Withdraw tab by checking the tabs under the Transfer header.

How to withdraw crypto from Kraken? ›

Sign in to your Kraken account and navigate to Portfolio. Click the Withdraw button. Search for the currency you wish to withdraw and then click on it. Select a previously added address or click the Add Address ("Add account" for EOS) button to add and confirm a new one.

How do you convert crypto to cash on Kraken? ›

Kraken makes it quick and easy to get started.
  1. Create your free Kraken account. Verify your details to get started.
  2. Send crypto to your Kraken account. Deposit cryptocurrency in your secure Kraken account.
  3. Sell cryptocurrency instantly. Enjoy ultra-fast crypto transactions & withdraws.

How can I withdraw my cryptocurrency? ›

You simply deposit your cryptocurrency into a crypto exchange/broker of your choice and request a withdrawal in one of the available fiat currencies. It is a simple, easy and secure process; however, it takes around 4-6 days to get the money in your bank account.

Why is Kraken not letting me withdraw? ›

You may receive an error message or not be able to withdraw for the following reasons: The amount is below the minimum withdrawal amount listed. This amount cannot exceed your account balance. Invalid Password / Permission Denied error.

How long do Kraken crypto withdrawals take? ›

Meaning. Internal checks are complete, withdrawal transaction is sent to payment gateway for processing. Takes up to 10 minutes.

How can I turn my crypto into cash? ›

Here are five ways you can cash out your crypto or Bitcoin.
  1. Use an exchange to sell crypto.
  2. Use your broker to sell crypto.
  3. Go with a peer-to-peer trade.
  4. Cash out at a Bitcoin ATM.
  5. Trade one crypto for another and then cash out.
  6. Bottom line.
Feb 9, 2024

How do I withdraw money from crypto to my bank account? ›

To cash out your balance:
  1. Sign in to your Coinbase.com account.
  2. Select My Assets.
  3. Select your local currency balance.
  4. Select the Cash out tab and enter the amount you want to cash out.
  5. Select Transfer to and choose your cash out destination.
  6. Select Review.
  7. Select Withdraw cash to complete your transfer.

What are Kraken withdrawal fees? ›

Kraken withdrawal fees for fiat usually range from free to 35 worth of the fiat currency in question, while crypto withdrawal fees all depend on the crypto asset you want to withdraw; Kraken trading fees are usually based on the maker / taker fee structure and differ depending on the trading method.

Can I withdraw all my money from crypto? ›

Crypto.com users can withdraw USD from the App by selling crypto to their USD fiat wallet and transferring USD funds from this wallet to their U.S. bank account(s) on the ACH network.

Can you cash out crypto without a bank? ›

Yes, you can cash out crypto for real money. There are several methods available to convert cryptocurrency into fiat currency, such as US dollars, euros, or other traditional currencies. These methods include using cryptocurrency exchanges, brokerage accounts, peer-to-peer platforms, Bitcoin ATMs, and stablecoins.

Why can't I withdraw money from blockchain? ›

Blockchain.com may apply a holding period on recent crypto purchases for security purposes. The length of the holding period depends on various factors, including your payment method, currency, and any abnormal activity or security concerns associated with your account.

How much can I withdraw from Kraken? ›

Cash limits
Daily (24 hour)
Daily (24 hour)IntermediatePro
Daily (24 hour) Deposit$100,000$10,000,000+**
Daily (24 hour) Withdraw$100,000$10,000,000+**

Is Kraken trustworthy? ›

While both Coinbase and Kraken are highly trusted cryptocurrency exchange platforms, Coinbase's benefits are more specific to U.S. traders, while Kraken is the best for international traders overall.

How do I remove my Kraken wallet? ›

If you wish to completely remove your wallets and Secret Recovery Phrase from Kraken Wallet, you may simply delete (uninstall) your Kraken Wallet mobile app. IMPORTANT: If you delete (uninstall) your Kraken Wallet mobile app, the only way to access or recover your wallets is with your Secret Recovery Phrase.

Does Kraken charge to withdraw? ›

Kraken withdrawal fees for fiat usually range from free to 35 worth of the fiat currency in question, while crypto withdrawal fees all depend on the crypto asset you want to withdraw; Kraken trading fees are usually based on the maker / taker fee structure and differ depending on the trading method.

How do I transfer from Kraken to Coinbase? ›

To withdraw Bitcoin from Kraken, click on “Withdraw” and select your Bitcoin. Paste your wallet address or add a new one by clicking on “Add address.” Click on “Review Withdrawal” and double check the information you supplied to avoid errors. Whenever you're ready, click on “Confirm withdrawal.”

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