How to make a cryptocurrency withdrawal

In order to withdraw cryptocurrency from a Kraken account, clients must first add and confirm the Withdrawal Address to which the funds will be sent. Please follow these steps:

  1. Obtain the cryptocurrency address that you intend to send the funds to. Always double-check the address is correct by copy and pasting the exact address (never type in an address by hand).
  2. Log in to your Kraken account, navigate to the ‘Funding’ page select ‘Withdrawal’ near the top of the page.
  3. Select the cryptocurrency you wish to withdraw from the left hand sidebar.
  4. Near the center of your screen, click on the blue button that says ‘Add Address’.
  5. Enter a unique Description for the address (e.g. “Savings for Mars”, “Mum’s Address”, etc) to help you remember what the address is used for. This Description must be unique, not matching any other Withdrawal Address already in your Kraken account.
  6. Enter the deposit address by copy and pasting the entire address into the Address field
  7. Click the green button labelled ‘Save Address’.
  8. You will receive an email request to verify the newly added withdrawal address. After clicking on the verification link, you will then be able to use this address to make withdrawals from your Kraken account. There is also a link in this email to lock your Kraken account, in case an attacker has compromised your Kraken account and is trying to add their own withdrawal address to steal your funds. Only click this Lock Account link if you did not authorize the addition of this withdrawal address.
  9. You are now able to make a withdrawal by navigating back to the Funding > Withdrawal page and selecting the currency on the left hand sidebar.
  10. Enter the amount you would like to withdraw in the ‘Amount’ field. Please use a period as the decimal separator, and use leading zero for amounts less than 1. Please also do not use any commas.
  11. Click ‘Review Withdrawal’, double check that all of the information is correct, and then click ‘Confirm’.
  12. You will receive an email notifying you that a Withdrawal from your account is being processed.

 

Always be vigilant when sending cryptocurrency. Once a withdrawal has been sent and marked as Success in your Kraken account, it is impossible to cancel or reverse the transaction. Never participate in an ICO directly from your Kraken account.