Key Takeaways
- Before trying to transfer crypto from Kraken or the other way around, make sure you've passed the KYC verification and are aware of the platform’s crypto withdrawal fees and limits;
- Deposits and withdrawals on Kraken can take between a few minutes to a few hours, depending on the network, the exchange's internal security checks, transaction size, and other factors;
- If your deposit or withdrawal never arrived, check if you made any mistakes, such as selecting the wrong network or providing an invalid wallet address.
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Kraken might be one of the best crypto exchanges out there, but if you want to make the most out of crypto trading and all the opportunities DeFi has to offer, sooner or later, you’ll need a way to move your funds out. The good news is that learning how to transfer crypto from Kraken to other popular exchanges and wallets is pretty easy when you have a comprehensive guide at hand – such as this one!
Just like any other exchange, Kraken has its own nuances when it comes to deposits and withdrawals: get ready to learn about its crypto withdrawal fees, how long these transactions take, and what to do if things go wrong.
Better yet, check out the detailed step-by-step tutorials for depositing crypto into Kraken from Binance and Coinbase and withdrawing from Kraken into some of the most popular self-custodial wallets.
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Table of Contents
- 1. What You Should Know Before Withdrawing Crypto from Kraken
- 1.1. Kraken Crypto Deposit & Withdrawal Fees
- 1.2. Kraken Crypto Deposit & Withdrawal Limits
- 1.3. Crypto Deposits & Withdrawals in the EU: The Travel Rule
- 2. How to Transfer Crypto from Binance to Kraken
- 3. How to Transfer Crypto from Coinbase to Kraken
- 4. How to Transfer Crypto from Kraken to Ledger
- 5. How to Transfer Crypto from Kraken to MetaMask
- 6. How Long Does it Take to Transfer Crypto on Kraken?
- 7. Troubleshooting: What to do if Your Kraken Deposit or Withdrawal Goes Wrong
- 7.1. Why You’re Unable to Withdraw
- 7.2. How to Check the Transaction Status on Kraken
- 7.3. Reasons why Your Deposit is Missing
- 7.4. How to Recover a Missing Crypto Deposit on Kraken
- 8. Conclusions
What You Should Know Before Withdrawing Crypto from Kraken
When it comes to the question of how to transfer crypto from Kraken (or into Kraken, as well), there are a few things you should take care of in advance if you want everything to go as smoothly as possible.
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First of all, check if you’ve passed Kraken’s KYC verification. Without it, you won’t have access to any of the basic functionality on this exchange, including deposits and withdrawals. As you’ll see below, as of writing this, Kraken has two KYC levels for individual users: Intermediate and Pro. The latter gives you unlimited crypto withdrawals, but for most users, Intermediate will be more than enough.
📚 Check Out: What is KYC?
Kraken Crypto Deposit & Withdrawal Fees
There’s nothing more annoying than starting a crypto transfer, only to find out you can’t go through with it because you haven’t taken the fees into account, right? Like any other crypto exchange, Krakes charges a certain amount of crypto for moving your assets.
However, this fee only goes one way: crypto deposits on Kraken are free of charge, but if, for example, you want to learn how to transfer crypto from Kraken to wallet (AKA, withdraw it), you’ll have to pay withdrawal fees.
Kraken’s approach to withdrawals isn’t any different from most of its competitors. When it comes to crypto, a withdrawal fee is really just a network fee (also called a miner or gas fee) – a compensation for miners or validators for processing your transaction and adding it to the blockchain.
Due to factors like the blockchain’s architecture (e.g., block capacity and consensus mechanism) and congestion (how busy the network is right now), some blockchains have higher fees than others.[1] This is something you’ll have to take into account when choosing which network to deposit or withdraw your crypto through, since the most popular tokens are supported by multiple networks.
Without further ado, here are Kraken’s withdrawal fees and the minimum withdrawal amount for the most popular cryptocurrencies and networks:
Network | Withdrawal Fee | Minimum Withdrawal Amount (Incl. Fee) | |
|---|---|---|---|
Bitcoin | 0.00001500 BTC | 0.00021800 BTC | |
Ethereum (kBTC) | 0 BTC | 0.00002 BTC | |
0 BTC | 0.00001 BTC | ||
Ethereum | 0.00012 ETH | 0.000144 ETH | |
0.00015 ETH | 0.00030 ETH | ||
0.00015 ETH | 0.0003 ETH | ||
0.00015 ETH | 0.00030 ETH | ||
Ethereum | 1.0176 USDT | 1.22112 USDT | |
Arbitrum | 2.00 USDT | 4.00 USDT | |
1.00 USDT | 5.00 USDT | ||
1.2448 USDT | 1.49376 USDT | ||
4.00 USDT | 6.00 USDT |
Table: Kraken's crypto withdrawal fees
You can find the complete list on Kraken’s website by going to Support >Funding > Cryptocurrency Funding > Withdrawing cryptocurrencies from your Kraken account > Cryptocurrency withdrawal fees and minimums.
Be aware that network fees can fluctuate at any time, so the above-mentioned fees are subject to change – always check them before trying to withdraw your assets!
Kraken Crypto Deposit & Withdrawal Limits
Another factor to keep in mind when learning how to transfer crypto from Kraken is withdrawal limits. Just as there’s a minimum amount you need to withdraw to make the transaction eligible, there’s also a ceiling to how much crypto you’re allowed to take out of your account within a certain period of time. Here’s what these limits look like on Kraken:
Time Period | Intermediate | Pro | |
|---|---|---|---|
Deposit | Daily | Unlimited | Unlimited |
Monthly | Unlimited | Unlimited | |
Withdraw | Daily | $500,000 | $10,000,000 |
Monthly | $15,000,000 | Unlimited |
Table: Kraken crypto deposit and withdrawal limits
As you can see, even on the lower KYC tier, the monthly limit is more than generous, so you’re unlikely to run into any issues here. But if you’re on the Pro level and want to raise your limit even further, you can contact Kraken’s customer support and request an increase.
Crypto Deposits & Withdrawals in the EU: The Travel Rule
Recently, there have been some new regulations in the EU and the United Kingdom – which means that the process of how to transfer crypto from Kraken to cold wallets or anywhere else will involve a few extra steps if you’re in that region.
According to the Travel Rule, Virtual Asset Service Providers (VASPs) like Kraken are required to ask users to confirm certain information about both the sender and the receiver for all VASP-to-VASP crypto transactions (and, in some cases, for self-hosted wallet transfers, too).
Don’t worry, though – it’s not as complicated as it sounds! Thanks to Kraken’s partnership with the Travel Rule Universal Solution Technology (TRUST), the platform handles this procedure in a secure and convenient way. Kraken automatically detects your location and, if the Travel Rule applies, you’ll simply have to click through a few panels and confirm which exchange or wallet you’re depositing into.
However, if you’re transferring an amount larger than 1,000 EUR to a private (self-custodial) wallet for the first time, you’ll need to verify your ownership of that wallet either through 2FA verification or the Satoshi test (sending a small crypto transaction according to the instructions).
How to Transfer Crypto from Binance to Kraken
Now that you know what to expect from Kraken’s crypto withdrawal fees and limits, let’s get to our main topic! How to transfer crypto from Kraken to wallets or other exchanges? In this section, you’ll find comprehensive step-by-step tutorials for the most popular platforms.
For the sake of consistency, I’ll be transferring ETH on the Ethereum network in all of the following cases, but you can recreate the same steps with any crypto tokens.
Let’s start with a guide on how to transfer crypto from Binance to Kraken. In this case, you’ll be withdrawing your crypto from Binance and then depositing it to Kraken. Here’s what you’ll need to do:
![How to transfer crypto from Kraken: click [Deposit] on Kraken.](https://assets.bitdegree.org/images/how-to-transfer-crypto-from-kraken-kraken-click-deposit.jpg "How to transfer crypto from Kraken: click [Deposit] on Kraken.")
![How to transfer crypto from Kraken: click [I understand] on Kraken.](https://assets.bitdegree.org/images/how-to-transfer-crypto-from-kraken-kraken-i-understand.jpg "How to transfer crypto from Kraken: click [I understand] on Kraken.")
![How to transfer crypto from Kraken: click [Withdraw] on Binance.](https://assets.bitdegree.org/images/how-to-transfer-crypto-from-kraken-binance-withdraw.jpg "How to transfer crypto from Kraken: click [Withdraw] on Binance.")
![How to transfer crypto from Kraken: enter the amount and click [Withdraw] on Binance.](https://assets.bitdegree.org/images/how-to-transfer-crypto-from-kraken-binance-amount.jpg "How to transfer crypto from Kraken: enter the amount and click [Withdraw] on Binance.")
This is it! Your withdrawal should appear in the Recent Withdrawals section soon.
Looking for more in-depth information on related topics? We have gathered similar articles for you to spare your time. Take a look!
How to Transfer Crypto from Coinbase to Kraken
Let’s try the same process with another exchange! Withdrawing crypto works pretty much the same way on Coinbase; the only differences lie in the platform’s interface. So, here’s how to transfer crypto from Coinbase to Kraken:
![How to transfer crypto from Kraken: click [Send crypto] on Coinbase.](https://assets.bitdegree.org/images/how-to-transfer-crypto-from-kraken-coinbase-click-send-crypto.jpg "How to transfer crypto from Kraken: click [Send crypto] on Coinbase.")
![How to transfer crypto from Kraken: click [Preview] on Coinbase.](https://assets.bitdegree.org/images/how-to-transfer-crypto-from-kraken-coinbase-click-preview.jpg "How to transfer crypto from Kraken: click [Preview] on Coinbase.")
All done! All you need to do now is wait for your deposit to arrive on Kraken.
How to Transfer Crypto from Kraken to Ledger
Centralized exchanges aren’t necessarily the be-all and end-all of crypto storage: while it’s convenient to keep your crypto on the same platform that handles all your trading needs, there are plenty of reasons why you might prefer moving your assets to a self-custodial crypto wallet.
To that end, I’ve also included a guide on how to transfer crypto from Kraken to cold wallet – namely, Ledger:
This tutorial is specifically on how to transfer crypto from Kraken to Ledger through the Ledger Live app on desktop, but you could recreate the same steps on the mobile app, as well.
The receive modal cannot be closed until the address is rejected or approved on the device.
![How to transfer crypto from Kraken: click [Withdraw] on Kraken.](https://assets.bitdegree.org/images/how-to-transfer-crypto-from-kraken-kraken-click-withdraw.jpg "How to transfer crypto from Kraken: click [Withdraw] on Kraken.")
Here you go! Your order should arrive in a few minutes to a few hours at most.
How to Transfer Crypto from Kraken to MetaMask
Finally, let’s try another popular type of self-custodial wallet. If you don’t have a hardware crypto wallet like Ledger, how about learning how to transfer crypto from Kraken to MetaMask? Follow this tutorial:
![How to transfer crypto from Kraken: click [Receive] on MetaMask.](https://assets.bitdegree.org/images/how-to-transfer-crypto-from-kraken-metamask-receive-v1.jpg "How to transfer crypto from Kraken: click [Receive] on MetaMask.")
That’s it! All that’s left for you to do now is wait for your deposit to arrive in MetaMask.
How Long Does it Take to Transfer Crypto on Kraken?
At this point, you’ll probably want to know – how long can you expect your crypto transfer to/from Kraken to take? The truth is, there’s no definitive answer here. The amount of time it takes for a crypto transaction to come through depends on a multitude of factors.
One key factor you actually do have control over (unlike most others) is the network. Some blockchains are a lot faster than others due to their consensus mechanism type, block time, number of required confirmations, and throughput (the number of transactions per second the network can process).
Since I’ve been using Ethereum as the go-to crypto asset in all of the tutorials in this guide, let’s stick with ETH as an example. This blockchain can add a new block every 12-15 seconds and has a throughput of up to 25 TPS (transactions per second). In contrast, Solana adds a new block every ~400 ms, and boasts a throughput of ~65,000 TPS.
The speed of withdrawals and deposits is also influenced by the exchange. Some have a stricter internal verification process than others, which might involve reviewing unusual transactions or large transfers for anti-money laundering (AML) compliance, or other types of security checks.
When it comes to Kraken’s processing time for Ethereum, for instance, it requires 30 network confirmations, and the entire processing time is ~6 minutes. But that’s just the Kraken’s end of the equation; you’ll also need to take into account how quickly the other exchange or wallet processes the transfer. Even though most transactions won’t take more than a few minutes, sometimes you might have to wait a few hours.
Transaction size is another factor. Larger transactions (in terms of bytes, not the amount of crypto you’re transferring) cost more in fees, and transactions with higher fees tend to be prioritized[2] by miners or validators. Which means that if your transaction is small or has low fees, it will likely take longer to go through.
Since withdrawal fees don’t scale with the amount of crypto you’re transferring, you can save money by batching your crypto transactions: instead of making a few smaller transfers, combine them into a larger one.
Finally, you should take timing into account. If you think of a blockchain as a sort of highway for transactions, it’s easy to imagine why it might get “jammed” if too many transactions are trying to go through at the same time. A high number of pending transactions during peak times can cause network congestion and, in turn, delay your deposits and withdrawals for as much as a few hours.
📚 Check Out: Understanding the Bitcoin Transaction Time
Troubleshooting: What to do if Your Kraken Deposit or Withdrawal Goes Wrong
When it comes to learning how to transfer crypto from Binance to Kraken, or from Kraken to other exchanges or wallets, it’s just as important to know what to do if you run into any issues. In this section, I’ll explain the most common reasons why you’re unable to withdraw, why your deposit or withdrawal might get lost in transfer, and how to get it back whenever possible.
📚 Check Out: Bitcoin Withdrawal Pending: Causes and Solutions
Why You’re Unable to Withdraw
Let’s start with something a bit more low-stakes than losing your funds. If you click [Withdraw] and an error message comes up, and there’s no obvious reason like you not having enough of the crypto asset to withdraw, or trying to withdraw below or above the minimum/maximum limit, here’s a checklist of all the potential causes:
1
Recent Password Change. If you make any changes to your password, withdrawals to new withdrawal addresses will be held for up to 24 hours, for security purposes. Addresses that you already added to your account won’t be affected.
2
Open or Pending Orders. Cryptocurrencies that are used in an open or pending order cannot be withdrawn until those orders are completed or cancelled.
3
Open Spot Positions on Margin. Opening spot positions on margin requires collateral, and that collateral (including any assets you received from the market when you opened the spot positions on margin) cannot be withdrawn while the positions are open.
4
Negative Balance. If you have a negative balance in any cryptocurrency, this will prevent withdrawals from your account.
Luckily, most of these are easy enough to solve!
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How to Check the Transaction Status on Kraken
Before we get to the rest of this section, here’s another essential skill if you’re learning how to transfer crypto from Coinbase to Kraken or the other way around. Like any other centralized exchange, Kraken keeps the records of all your transactions, including deposits and withdrawals. If you’re confused about what’s happening with your transaction, the first thing you should do is check its status.
Here’s how to do that:
![How to transfer crypto from Kraken: click [Kraken Pro].](https://assets.bitdegree.org/images/how-to-transfer-crypto-from-kraken-kraken-pro.jpg "How to transfer crypto from Kraken: click [Kraken Pro].")
![How to transfer crypto from Kraken: click [History] on Kraken.](https://assets.bitdegree.org/images/how-to-transfer-crypto-from-kraken-click-history.jpg "How to transfer crypto from Kraken: click [History] on Kraken.")
Now you should see a history of all your deposits and withdrawals, with their date, asset, fee, and amount, as well as their unique ID.
Reasons why Your Deposit is Missing
If you’ve been waiting for what feels like forever, but there’s still no sign of your deposit (even if it appears on your transaction history), go through this checklist to make sure you haven’t made one (or more) of these common mistakes:
1
Did you deposit the crypto using the correct network or token standard? Check if both the cryptocurrency and the network you chose are supported by Kraken. You can find the full list of all supported coins and tokens in the “Funding” section of Kraken’s support center.
2
Was the wallet address correct? Check if the deposit address you provided is legitimate and matches the cryptocurrency and network you selected on Kraken during the crypto deposit workflow.
3
Was the deposit made to an expired address? Even if the address was correct, keep in mind that Kraken deposit addresses expire within 30 days. In addition, if you create more than 5 addresses for the same cryptocurrency, the oldest will automatically expire in 7 days.
4
Is the transaction for the deposit above the minimum deposit amount? If it falls below, the deposit might stay on hold or fail to arrive at all. Check the minimum deposit amount for that particular coin and network on both Kraken and the other exchange or wallet.
5
Did you include the destination tag or memo? While this won’t be necessary for most assets, certain cryptocurrencies like STX, XRP, XLM and EOS require it.
6
Have you checked Kraken’s status page for maintenance? Kraken might suspend deposits or withdrawals for certain cryptocurrencies for various reasons, such as network maintenance and upgrades or regulatory compliance issues.
7
If you’re depositing from a self-custodial wallet, are you running the latest version? For instance, if the blockchain you’re depositing through gets a hard-fork upgrade, an outdated wallet client might send the funds on the old chain, in which case, they’ll never arrive.
The good news is that all of these issues can be avoided by double-checking your transaction details in advance.
If your Kraken withdrawal goes missing, you should look for equivalent issues on the end of the receiving exchange or crypto wallet.
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How to Recover a Missing Crypto Deposit on Kraken
Hopefully, the above-mentioned list was enough to point you in the right direction! Once you identify the reason why your deposit is missing, it’s time to take action.
Like many other centralized exchanges, including Binance and Coinbase, Kraken has a ready-made workflow for situations like that. What you’ll have to do is go to the Support Center’s “Funding” section, then choose [Cryptocurrency Funding] > [General information about cryptocurrency funding], and click [Reach out to our Support Team].
You’ll be redirected to the crypto recovery form. Enter the name of the cryptocurrency you were trying to deposit, the amount, the transaction date, and the deposit ID.
Providing the ID is technically optional, but it will increase your chances of recovering the deposit. You can check it on Kraken’s transaction history.
If you were depositing crypto from a self-custodial wallet like Ledger or MetaMask, select [Self-hosted wallet that I own and support] on the drop-down menu under “Please confirm the source of the address for this transaction”. If you were depositing from a centralized exchange (such as Binance or Coinbase), pick [Account at another Virtual Asset Service Provider (VASP)/Exchange].
In addition to that, get ready to provide any requested documentation as evidence. In most cases, simply taking a screenshot of your transaction history will be enough.
Here are Kraken’s asset recovery fees for different types of deposit recovery:
Fee | Refund/Credit | |
|---|---|---|
Deposit not credited | Free | Credit |
Missing or incorrect tag/memo | Network fee | Credit/Refund |
Deposit to hot wallet | Network fee | Refund |
Unsupported tokens or using incorrect networks | $200 | Refund |
Deposit unlisted assets on unsupported networks | $500 | Refund |
Table: Kraken's crypto deposit recovery fees
As you can see, most recoveries only require a network fee or none at all, but if you made the mistake of trying to deposit unsupported assets or picking the wrong or unsupported network, it’s going to cost you a lot more!
On the bright side, you won’t have to worry about taking a shot in the dark: Kraken will show you the estimated recovery fee before you can proceed. The company doesn’t give any sort of timeframe for how long the process would take, but if most other exchanges are any indication, you can expect the recovery to take between a few working days to a few weeks, depending on the complexity.
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Conclusions
Hopefully, this guide was enough to teach you all you need to know about how to transfer crypto from Kraken to MetaMask or other self-custodial wallets and exchanges, as well as the other way around! As long as you’re aware of all the prerequisites (such as crypto withdrawal fees, limits, and the relevant regulations for your region), Kraken makes it pretty easy to move your assets in and out of the platform.
Having said that, there are always some hurdles lurking around. Before you decide to deposit or withdraw crypto through Kraken, always double-check if the asset and network are supported and still available on this exchange, and be careful not to make any mistakes when providing the wallet address. If you do run into any issues, contact Kraken’s support team to help you with the asset recovery.
The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.
Scientific References
1. Ndiaye A.: 'Blockchain Fee Policies: Quantity- vs Price-Control Design across Protocols';
2. Malakhov I., Marin A., Rossi S.: 'Analysis of the confirmation time in proof-of-work blockchains'.
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