How to buy eos on kraken
Kraken Exchange: How to Deposit & Withdraw Funds on Kraken | UPDATED 2021!
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yo what's up everybody
in this video i will be walking you
through how to deposit funds and
withdraw
fiat on the kraken exchange
cryptocurrency exchanges
are confusing at first but we will go
through together how to fund your
account with both
fiat and cryptocurrency and how to
withdraw funds to your account step by
step so
let's check it out before we jump into
depositing and withdrawing money on
kraken i want to spend just a few
seconds talking about
what is kraken and why you should use it
kraken is not just a
legendary sea monster but kraken is also
a
legendary cryptocurrency exchange you
can buy sell trade and learn about
various cryptos on their exchange
they allow you to deposit and withdraw
funds with multiple methods which i'll
show you in just a minute and just a
little history on kraken and
and why i like it so the platform was
founded in 2011 and is one of the oldest
and most reliable cryptocurrency
exchanges in the world
kraken is you know really focused on
security and superb
customer support you simply will not
find another exchange that is more
secure
and offers better support for their
customers than kraken you can make
big money on kraken they offer leverage
meaning that you can trade with more
money than you have deposited
you can also short crypto currencies as
well which is a little more risky but
offers more reward if you're if you're
successful
so there are a lot of really great
things that i love about kraken and i'm
an
avid user of the kraken exchange myself
if you're watching this video and you're
new to kraken
and you're as excited as i am about
kraken but don't already have an account
set up
it's extremely simple to go ahead and
get started with one
all you need to do is click the link in
the video description below
to create an account and just follow the
instructions to get you all set up
full disclaimer using the link in the
video description does help support my
channel and would be greatly appreciated
if you're looking for a quick guide on
how to register
and walk you through that process step
by step check out my video above
on how to create an account on cropping
all right so with that out of the way
we are now logged into kraken we have an
account set up
and you can see right away that i
already have some bitcoin
and us dollar in my account yours will
probably be showing
a zero balance if you if you just got
started so
how do you deposit funds into your
account well it's very easy all you need
to do is click the funding tab
at the top of your screen all right and
so this is the funding tab
you can see your total balance i have
two assets bitcoin and
us dollar you can see your limits i'm
limited to
a 100 000 deposit per day
as well as a 500 000 deposit per month
likewise with withdrawals i don't think
i'll ever hit those limits but it's nice
to have
a high limit as opposed to a small limit
one other quick note on this is you will
need to verify your account and provide
kraken
with some information to increase your
funding limits
and likewise for crypto i have an
unlimited daily deposit and monthly
deposit which
which is pretty wild so let's click back
to fiat and you can see here
account balances there's two categories
fiat currencies
as well as crypto assets i am located in
the united states and so
i would want to fund my account with the
us dollar
fiat currency and how do you do that
just click on your respective
uh fiat currency and click deposit and
now we are ready to deposit our fiat
currency or our us dollar
and there's a couple of different
deposit methods if you click this drop
down here
and really all this is saying you know
is there's a couple of different ways to
fund your account
and the most common way is with a bank
wire you can do an mbb bank wire
or a signature bank wire i'm going to go
ahead and click mvb bank wire
and you will want to read through this
information but really what we want here
is the account name the address as well
as the routing number and account number
information and i know online banking is
pretty popular now you can all do this
just on your bank app on your phone
and just submit a wire make sure you're
sending it to the correct
you know information here you may want
to send a small amount at first
as opposed to like a million dollars all
at once just to see that you know the
information you're entering is correct
if you don't have online banking then
you may have to
physically walk into a branch of a bank
which is probably less than ideal
i know i wouldn't want to do that so i
would first see if you have
the ability to submit a bank wire via
your online banking
and then as a backup you can you know
walk into your branch and
you know to speak to the teller and tell
them what you're trying to do and make
sure you bring this information with you
if you don't like the idea of
submitting a bank wire unfortunately
kraken you can't just
enter your uh your debit card so
i'm kind of unfortunate there i don't
know why that's the case the good news
is that you don't have to you know go
through a bank wire to fund your account
you can fund your account with crypto so
let's go back to the
funding page and this is actually how i
deposited funds onto kraken i just sent
some bitcoin to my wallet on kraken
and so how do you do that you go to your
account balances here
and just look for crypto assets and
click deposit i want to submit uh
i want to deposit bitcoin so i'm going
to you know select bitcoin and click
deposit
and so this is fairly simple all you
need to do is select this deposit
address
and kraken offers you the ability to
click the select button there to make
sure you have
every character highlighted and then you
just copy that and then
on your other exchange or your other
wallet that you're trying to
send crypto to your kraken exchange you
would just
access that wallet that you have you
know out of outside of kraken
and submit this deposit address into
that withdrawal address
and then again i would recommend maybe
sending a small amount of bitcoin at
first
as opposed to the the whole enchilada so
you know just to make sure that you're
sending it to the right bitcoin address
and then
the bitcoin network will take about 10
minutes you know sometimes it's a little
bit longer
to confirm your transaction and then how
do you check to see
if you have successfully deposited funds
onto kraken
just go back to the kraken home page and
boom you can see
that you have successfully deposited
funds off to kraken now that we know how
to deposit funds onto kraken
you may be thinking how do you withdraw
funds so
it's very simple let's just go back to
that funding tab at the top of the
screen
and again you know we have fiat
currencies and we also have
our crypto assets like bitcoin i want to
withdraw
us dollar into my bank account so what
i'm going to do instead of clicking
deposit i'm just going to click withdraw
and again so kraken will be funding your
withdrawing your funds
via a bank wire so i'm just going to
click mvp bank wire
and then what you would do here is just
enter your bank account details you know
what you want to call your bank account
um you know what your bank is
you know actually called as well as your
routing number and account number and
again all you can find all this
on your online banking or if you don't
have online banking then you can walk
into your branch as well
and then you just enter the amount of
cryptocurrency that you would like to
withdraw
and that's it you just click review
withdrawal and then make sure that the
information is all correct
and click submit so what if you want to
withdraw
your not your fiat yacht but your
cryptocurrency let's go back to the
funding page and you would just find the
crypto asset that you would like to
withdraw
in this case i want to withdraw bitcoin
and so i click withdrawal
and then what i want to do here is find
the actual
bitcoin address i would like to withdraw
too so like i mentioned earlier
you may have another wallet on another
exchange outside of kraken
or another hosted wallet you know that
may not be on an exchange and you just
want to send that bitcoin
to that address you would find the
deposit address on that other wallet
and enter that here it would be the
withdrawal address on the kraken
exchange
and then you can save it as well for
future reference and then once you
make sure that you're sending your
crypto to the correct wallet address
you will just want to review the
withdrawal make sure all the details
look good and click
submit so now you know how to deposit
and withdraw funds
to and from kraken if you are looking
for a guide on kraken
and how to use all of its different
features and functionality
check out the video at the top of your
screen for a krocken tutorial i hope you
found this video
useful and i'd love to hear your
thoughts and experiences with the kraken
exchange
i'm extremely active in my comments and
if you have any questions i am
always happy to help answer them if you
like this video please make sure you
give it a thumbs up and if you really
liked it make sure you click
subscribe and best of luck to all of you
going forward and thanks for watching
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