Step by step overview on how to withdraw Bitcoin from KuCoin
Withdrawing funds from your KuCoin account is very straightforward. However, before making deposit and withdrawal transactions, you have to go through Security and KYC verification processes to ensure your safety.
Here, you will find steps that you can follow in withdrawing funds from the KuCoin account.
Click this to access the platform.
Once the site is up, log in with your registered account.
Use the email address and password you’ve registered for KuCoin and click on “Log in.”
After logging in, you will be routed automatically to the “Assets” page.
Inside the “Assets” page, select your Bitcoin or if it’s more convenient for you, type in your Bitcoin on the Search bar. Click on “Withdrawal” in line with your selected Bitcoin or directly click on the “Withdrawal” menu on the left side of the screen. We are using BTC in this example.
The Withdrawal form will ask you to enter your Bitcoin address, the amount that you wish to withdraw, your security question (this was set up upon KuCoin registration), and finally, your Google 2FA six-digit verification code. It is highly recommended to double-check your wallet address before completing each withdrawal transaction to avoid losing money.
Click on “Confirm” to continue.
“Withdrawal history” is readily available should you want to check your pending and or all processed deposits.
Perfect! You have successfully processed a Bitcoin withdrawal from your KuCoin account.
Step by step overview on how to deposit Bitcoin on Kraken
With Kraken, you can deposit cryptocurrencies like Bitcoin as well as Fiat money, but first, make sure you have completed the account “Verification” process and have activated 2FA.
Here are the steps on how to deposit Bitcoin on your registered and confirmed Kraken account:
1. Deposit Bitcoin on Kraken
2. Deposit Fiat money on Kraken
3. Click here to open the exchange site and click on “Log in.”
4. Click on “Log in” and enter your registered email address and password. You also need to verify Two-factor Authentication, then click on “Log in.”
5. Once you’re logged in, click on “Funding” to start depositing.
1. Deposit Bitcoin to your Kraken account
To deposit Bitcoin, click on “Deposit” and select your preferred Bitcoin. Make sure that the Bitcoin deposit you opted to make meets the minimum deposit requirements. Also, double-check that you are sending the correct Bitcoin to the address as transactions sent to the wrong address may not be recoverable.
For an initial deposit, you will have to generate a new deposit address. Click the ‘Generate New Address’ button to do so.
After adding a deposit address, copy and paste the address and the generated ‘destination tag’ or ‘memo’ if required into the wallet from which the funds will be sent.
Awesome! You have deposited Bitcoin on your Kraken account.
2. Deposit Fiat money into your Kraken account
To deposit Fiat money, select your currency under “Deposit” and select your deposit method from the drop-down menu.
Copy the deposit wire details and supply the needed information required by the system, depending on what method you have selected. Double-check your information, then confirm the deposit transaction.
Fantastic! You have deposited Fiat money on your Kraken account.