How to deposit bitcoin to kraken from coinbase
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How to deposit bitcoin to kraken from coinbase5 Simple Steps to Transfer from Coinbase to Kraken - Saint
Kraken has the reputation of one of the safest cryptocurrency exchanges with really big liquidity. Considering the fact that it provides a wide array of trading pairs it is no surprise that many traders who already have a user experience on Coinbase will wish to at least try trading on the Kraken exchange at some point.
Some reports say that the Kraken's interface may be named as the reason why the inexperienced users prefer to start their trading journey on Coinbase. Allegedly, the Kraken's interface is too complex although this statement is arguable. Many existing guides have outdated due to the changes in the interface of Coinbase. For instance, they all begin with the same recommendation: proceed to the Accounts tab on Coinbase.
Nowadays there is no such a tab on the exchange website. The guides were referring to the Send button as a button with a paper plane icon. This new guide provides up to date information. First off, it's necessary to obtain a BTC address to which the money will be sent from Coinbase. Don't let it confuse you!
Proceed to the Kraken exchange and open the Funding tab. It can be found in the horizontal menu at the top of the homepage. The newly generated address can be written down, copied, or saved as a QR code that can be later used on Coinbase. Then it's needed to insert the Kraken BTC address it was obtained during step 1 to the Recipient field. When the address is entered and the amount is specified, it's time to hit the Continue button.
That's the final step. Another typical mistake is using an address of the wrong cryptocurrency. Make sure, you are using the address of the currency you really need. If the Pending status persists for too long it may be useful to contact the customer support of the exchange. The transaction can take much time. Usually, it takes 30 minutes to a couple of hours. So it is better not to panic if the transaction doesn't complete immediately or even in the course of one hour. If two hours have passed and the funds still didn't hit the wallet on Kraken it's better to reach out for help.
It's important to figure out who to call for help. The transaction status can be seen in the Recent Transactions section of the Portfolio tab. If the transaction has a "pending" status on Coinbase, it's better to contact the Coinbase support team as it's likely that the money is still in the Coinbase control.
The support button can be found on any! If the transaction has a "Complete" status on Coinbase but bitcoins are still not in the Kraken wallet, it's time to contact the Kraken support team. Most probably, it's now their duty to complete the transaction or provide an explanation of why the assets are yet to show up in the account.
The customer support can be reached out via the Contact button at the very bottom of the homepage. If you are not sure which of the exchanges must help you it's OK to contact both of them. It's important to provide the support team with all related info: the date and time of the transfer, the statuses of the transaction in both exchanges, the amount of sent bitcoins, the account name, and so on. It will increase the chance that the support team will have enough info to figure out what is wrong and provide the solution after the very first message by the user without asking the additional questions that may take much time especially considering the fact that at times there are huge intervals between the messages from both sides take place.
Below you can see a short recap without the screenshots. For your comfort, the recap is made in a form of the sequence of tabs and buttons. Now we know how to transfer Bitcoin from Coinbase to Kraken. That's not a hard task to do the opposite. Yes, Kraken is cheap, Kraken is everywhere, Kraken is used by everyone but Kraken can be a nightmare especially if you are just learning the ropes of crypto trading and trying to understand how to get started by depositing your cryptocurrency from your wallet on Coinbase.
Now all you have to do is just enter the address that you just got under Recipient in your Coinbase. Just choose the amount you want to send. Your cryptocurrency will now be transferred from your Coinbase to your Kraken account.
Just give it minutes or maybe longer at times an then you can check your Kraken account to see if it has been deposited yet.