Cheapest Way To Transfer Crypto From Kraken To Bitfinex?
Cheapest way to transfer crypto from Kraken to Bitfinex? I would like to send some BTC from Kraken to Bitfinex but the transaction fees are high, ~30$. Is there a better way to transfer money like: buying LTC, ETH or some altcoin and send it? - Bitfinex deposit fee (less than $1000): 0.0005 BTC If I change BTC to some altcoin, the maker fee is: 0.16% from BTC. i am not using these two exchanges so i don't know the fees. but in order to do something like that you need to do these things: 1- check the trading fees of these places because you will need to pay trading fees 2 times if you want to transfer bitcoin from one place to another using an altcoin. 2- check the price difference and spread in the altcoin that you chose. if the altcoin has a higher price and a smaller spread you will lose smaller. for example Doge withdrawal is 1 Doge (~20 sat) but you on one exchange you may have to buy at 22 satoshi and sell on the other place at 20 and that is 10% loss before trading fees! but if you buy something more expensive like LTC at 0.017 and other place is 0.01699 you won't lose much. sometimes some exchanges have higher withdrawal for some altcoins! 4. check to see if that altcoin's network is working properly, exchange wallet is operational not in maintenance and make sure you can withdraw. Quote from: BitcoinHodler on December 17, 2017, 01:59:15 PM i am not using these two exchanges so i don't know the fees. but in order to do something like that you need to do these things: 1- check the trading fees of these places because you will need to pay trading fees 2 times if you want to transfer bitcoin from one place to another using an altcoin. 2- check the price difference and spread in the altcoin that you chose. if the altcoin has a higher price and a smaller spread you w Continue reading >>
How Do I Transfer Funds From An Exchange To A Wallet I Control?
How do I transfer funds from an exchange to a wallet I control? This Q&A was spawned by the fact there's no one good place with this information. All answers will be wikis. A few of us are going to be collaborating on this effort. Please keep one answer per exchange. Feel free to add whatever you can. The answers are solely going to cover transferring from an exchange to a wallet you already have. If you need help generating a wallet, see (todo: insert links here). Thanks for the info. I'm new to this and my question might look silly but could you explain where I can find "the address" to tap it into the wallet? I understood the first one but isn't an address that can be used for any wallet, like it was generated by the broker and sent to your email address so I can use it whenever I want to withdraw some ETH? Thanks, J user23471 Nov 22 at 19:52 Click on the "Funding Tab" and then "Withdraw" and then at the bottom, "Ether (ETH)" Add a description and your ether address. No need to fill in the data field. Select the adddress you just created from the dropdown. Click the green "Review Withdrawal" Button. Check it over one last time and click "Confirm Withdrawal". You can now view the withdrawal to see the status. Usually this is pretty quick. Once the "Initiated" status changes to "Success" you can access your Ether wallet on an blockchain explorer or in your wallet client and see the balance. In the upper right, look for the Balances drop down: Scroll down until you see ETH and click "Withdraw" over on the right hand side. Enter your address and the amount you would like to withdraw. Then click the WITHDRAW button. Poloniex will now send you an email. Open you email and click the link they provided. You will taken to a "WITHDRAWAL CONFIRMED" page. Type your address into Continue reading >>
Kraken Vs Gdax Comparison
Kraken is one of the largest Bitcoin exchanges and is considered the largest bitcoin exchange based on the euro volume, liquidity, and the trading of Canadian dollars, US dollars, British pounds, and Japanese yen. "GDAX (Global Digital Asset Exchange) is one of the worlds most popular places for the exchange of cryptocurrencies. It's owned by the same company as Coinbase." The maker fees on Kraken range from 0.00% to 0.16% per trade. The taker fees range from 0.10% to 0.26%. For investors with some experience, Kraken and GDAX are both good platforms to begin investing in cryptocurrency. With ample trading options and charts for analysis, these two exchanges are also great options if youre interested in switching from Coinbase to something more advanced. In this Kraken vs GDAX review, I go over the pros and cons of the two exchanges , so that you can decide which one is best for your investing strategy. You can fund your GDAX account in three primary ways bank transfers (ACH), wire transfers, and cryptocurrency deposits. Additionally, you can transfer funds from your Coinbase account, if youre using one, instantly and with zero fees. Kraken restricts how youre allowed to fund your account by your verification tier . At Tier 1, you can only deposit and withdraw digital currency, but youre able to trade both digital and fiat currency. To get Tier 1 status, you must submit your full name, date of birth, country, and phone number. Bank deposit and withdrawals (via wire transfer) are available at Tier 2 or Tier 3 depending on your country of residence. Tier 2 additionally requires your address while you must upload a valid government ID and recent proof of residence to reach Tier 3. To deposit and withdrawal as a U.S. resident, you must be in Tier 3. With the smooth Coinbase Continue reading >>
Fee-for-all: Kraken To Charge Almost $7 For Bitcoin Withdrawals
Fee-For-All: Kraken to Charge Almost $7 for Bitcoin Withdrawals Kraken has become the latest business to pass on costs to Bitcoin consumers, introducing a new standard withdrawal fee of around $7. The effect of Bitcoin fee increases on businesses continues as major exchange Kraken announces BTC withdrawals will now cost $7. In a circular to customers on Thursday, Kraken, which together with Coinbase is one of the USs largest cryptocurrency exchanges, said the move brings the withdrawal fee more in line with costs. Kraken always pays a miner fee that is sufficient to ensure transactions are processed quickly, it said. However, the average miner fee required to prioritize and confirm Bitcoin transactions has been increasing for some time without a corresponding increase in the fee we charge to clients. The new withdrawal fee will be a fixed 0.0025 BTC per transaction, currently equivalent to around $6.75. Like Coinbase , Kraken is feeling the pinch from a combination of increasing fees and increased transaction numbers as a wave of new adopters come on board. Along with Bitcoin, the withdrawal fee for USDT tokens also increased, coming in at 5 USDT as the token utilizes the same network. Gnosis also came in for rises, this time to 0.004 GNO, Kraken saying this was due to a fall in the tokens value. The move appears to be a precursor to what officials are calling more dynamic fees which will be active in future. These will track current miner fee rates, offering customers a suitable fee at the time of the withdrawal request along with more closely matching Krakens own costs. Reactions were predictably dry, with users suggesting trading and withdrawing other coins with lower fees, including Ethereum (ETH) and even Dogecoin, the latter attracting fees of around one cent. Ye Continue reading >>
How To Trade Ethereum On Kraken?
If you have generated some Ether or have some Bitcoins , Euros or Dollars you can transfer them to an exchange to start trading! This process can vary from exchange to exchange with different exchanges having different rules on what you need to do. With Poloniex for example you can no longer register and trade if you are from New York. This is due to the compliance issues with regulations that Poloniex think are too expensive to comply with! So you have generated some Ether through mining or have some Bitcoins or other currency you want to trade for Ether. Were going to use Kraken for this example Kraken is one of our top ranked exchanges and has a very solid reputation and were the first exchange to start trading Ether. The first thing you need to do it open an account. This is your standard email address and password. The second step you need to do is to go through their hoops of compliance which usually involve telling them your address. Kraken has different tiers of registration depending on how much information you give them. Tiers one and two give you the ability to trade and withdraw a fair amount of Crypto Currency in quite a short time just putting in your address and mobile number. If you want to trade larger volumes you need to register passport details and utility bills to prove your address. Once you have levelled up your tiers to the required level for what you want to do, you can deposit Ether, Bitcoin or fiat currency. Kraken gives very easy to follow instructions on how to deposit with them which involves generating an address for your funds to be sent from. In the case of Ethereum and having used our guide on how to create an ethereum transaction you have to modify the transaction slightly as shown here. Once you have done this the Ethereum should sho Continue reading >>
What's The Best Way To Transfer Bitcoins Between Two Exchanges?
What's the best way to transfer bitcoins between two exchanges? I'd like to transfer bitcoins in my Kraken account to my Poloniex account. What would be the best (a.k.a. cheapest) way to do that? Kraken BTC -> ETH -> Poloniex ETH -> BTC That's the fastest and cheap way. user2081518 Aug 24 at 20:51 Can the same be done from coinbase to kraken? Samuel G Jun 12 at 19:08 Yes it can. Any exchanges that provide a deposit address. renlord Jun 13 at 1:30 Do you know why one of the comments suggested converting to ETH is/was superior? Do you know how much processing time your suggestion takes, is it instant transfer? jiggunjer Sep 21 at 9:56 Thank you for your interest in this question. Because it has attracted low-quality or spam answers that had to be removed, posting an answer now requires 10 reputation on this site (the association bonus does not count ). Would you like to answer one of these unanswered questions instead? Not the answer you're looking for? Browse other questions tagged exchanges or ask your own question . Continue reading >>
Exchange Problems Mount At Kraken And Coinbase But Bitfinex Reopens Registrations
Exchange Problems Mount at Kraken and Coinbase but Bitfinex Reopens Registrations Exchanges are regarded by many in the cryptocurrency world as a necessary evil. They provide liquidity and an on-ramp from fiat currency, but many other aspects of their service leaves a lot to desired. From onerous KYC requests to sudden withdrawal of service, nary a week goes by without major exchanges leaving customers seething. This week, Coinbase and Kraken have been bearing the brunt of the rage, but theres good news from Bitfinex at least, which is open for registrations again with a $10k fiat or crypto minimum. Also read: Bitstamp Is Asking Users Who Want to Withdraw a Lot of Questions Cryptocurrency exchanges are frequently forced offline for maintenance, but such outages usually take less than an hour to resolve. Kraken announced that it would be going offline on Thursday January 11, and was expected to be back the same day. 24 hours later though and theres no sign of the exchange, with an update posted at 7am on Friday January 12 stating: We are still working to resolve the issues that we have identified and our team is working around the clock to ensure a smooth upgrade. This means it may still take several hours before we can relaunch the site. Krakens service has been the subject of jokes and discontent for months, but it had been hoped that recent infrastructure upgrades had laid these problems to rest. Cryptocurrency exchanges have been having a hard time this week, whether its customers complaining about being grandfathered by Bittrex trapped inside the exchange with no means of withdrawal while interminable verification procedures play out or Bitstamp asking extraordinarily probing questions of its customers. And then theres Coinbase, whose engineers simply cant code, ac Continue reading >>
How To Make A Cryptocurrency Withdrawal
General information about digital assets funding 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: 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). Log in to your Kraken account, navigate to the Funding page select Withdrawal near the top of the page. Select the cryptocurrency you wish to withdraw from the left hand sidebar. Near the center of your screen, click on the blue button that says Add Address. Enter a unique Description for the address (e.g. Savings for Mars, Mums 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. Enter the deposit address by copy and pasting the entire address into the Address field Click the green button labelled Save Address. 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. 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. Enter the amount you would like to withdraw in the Amount field. Please use a period as the decimal sepa Continue reading >>
Kraken Review - Vs Coinbase - Which Exchange To Use?
There are a number of cryptocurrency exchanges in the world today. Kraken and Coinbase figure among the top cryptocurrency and Bitcoin exchanges. Both Kraken and Coinbase help the cryptocurrency users and investors in the exchange of various cryptocurrencies and Altcoins around the world. Kraken as well as Coinbase offer a number of cryptocurrency related services; most of which are alike, while others are different. Both Kraken and Coinbase provide exchange services for converting Bitcoins for USD and other Altcoins like ETH. Each of Kraken and Coinbase has some pros and cons in comparison to one another. The various comparative details of Kraken and Coinbase , with their characteristics are thrashed out for the benefit of all cryptocurrency users and investors as follows: Kraken is one of the globally dominant cryptocurrency exchanges. It was founded by Payward in 2011. It is known for high level security features and also passed a cryptographical audit. Kraken supports cryptocurrency users and investors from various European countries as well as from Japan, Canada, and the United States. It also offers you the services to exchange fiat currency to the cryptocurrency. Kraken has a very simple user and trading interface particularly for beginners. It has a complex fee structure based on your level and transactions. Kraken requires, just like other regulated exchanges, you to verify your identity and personal details such as full name, date of birth, country of residence, and phone number before buying and selling Bitcoins and other cryptocurrencies. Youll need to provide a verified address for higher level of transactions as a Tier 2 user. It offers fast execution, high transaction limits, deep liquidity, etc. Kraken has good liquidity with average daily volume over 1 Continue reading >>
Coinbase | How Do I Send Digital Currency To Anothe...
Confirm the details of the transaction and complete the send Tap the menu icon near the top left of the screen to open the Navbar. Select the wallet you wish to send from, located in the Navbar. Tap the paper airplane icon in the upper right hand of the screen. Enter the amount you wish to send. (Tap the up/down arrows to switch between currencies.) Enter the email or wallet address and any notes you wish to include. Review the details of your transaction and tap 'Send'in the upper right corner of the screen. Enter the desired amount and press 'Continue' Review the details of your transaction and tap 'Send'in the upper right corner of the screen. Tap the menu icon near the top left of the screen to open the Navbar. Select the wallet you wish to sendfrom, located in the Navbar. Tap the '+' icon nearthe lower right hand of the screen. Enter theamount you wish to send.(Tap the up/down arrows to switch between currency selection.) Enter the email or wallet address and any notes you wish to include. Review the details of your transaction and tap the "forward" arrowin the upper right corner of the screen. Enter the desired amountand press 'Continue' Review the details of your transaction and tap the 'forward'arrowin the upper right corner of the screen. Still can't find what you're looking for? Continue reading >>
Bitcoin Exchange Kraken Launches New Fiat Funding Options - Coindesk
Bitcoin Exchange Kraken Launches New Fiat Funding Options Digital currency exchange Kraken is adding support for wire transfers denominated in US dollars and other government-issued currencies. The company disclosed the update in an email to customers this morning. In addition to USD support, Kraken is supporting wire transfer deposits and withdrawals in euros and British pounds. The San Francisco-based startup, founded in 2011, is launching the updated deposit feature effectively immediately, though the withdrawal upgrade won't go live until 24th April, the exchange said. It's a notable service update given the timing and the state of the global bitcoin exchange space. For example, Bitfinex, the worlds largest bitcoin exchange by USD volume, said yesterday that it is now unable to accept inbound wire transfers due to banking problems. The British Virgin Islands-based company had previously gone to court over issues related to outbound wire transfers denominated in USD (only to withdraw that suit a week later). Further, China's exchange ecosystem, under effective lockdown due to regulatory pressures, has yet to reactivate bitcoin and litecoin withdrawals amidst ongoing discussion with the Peoples Bank of China, the countrys central bank. So far, bitcoin's market has continued its upward momentum in the face of these challenges, though that's not to say there isn't concern. In recent days, traders have begun to voice concerns that market operations may be deviating from the norm. Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in Kraken. Continue reading >>
How To Send Bitcoins From Zebpay To Kraken - Updated 2017
Once you have bitcoins in your zebpay account, login to kraken and click on deposit from the top right dropdown which shows your username. Select Bitcoin(XBT ) option from the left panel. Then generate a new address for sending the bitcoins. Now in zebpay, click on send (with bitcoin logo) and click on send to a bitcoin address. Entering the address manually will be a problem because of limit on number of characters, so click on the bitcoin button below to send using QR code and scan the QR code from Kraken. Now wait for sometime to see the bitcoins reflected in the account. Continue reading >>
How To Buy Cryptocurrency With Kraken
In order to buy cryptocurrencies like ethereum, litecoin or any other bitcoin clone, also called altcoins (alternate cryptocurrencies) the cheapest way, you first need to obtain the base currency, bitcoin. It is the most accepted cryptocurrency and you can exchange it into any other currency on any altcoin exchange you wish after you obtain it into your own bitcoin wallet. If your desired cryptocurrency other than bitcoin is also available on Kraken, you can simply buy it directly there and followthis guide nearly the same wayas you would buy bitcoin. How to buy it depends on where you are located and what kind of banking options are avaliable to you. In this example we will be using Kraken.com and the euro as currency. Kraken supportsUSD, EUR, CAD, GBP and JPY. 2. Make sure you upgrade your account to at least Tier 2. You dont have to send any documentsto Kraken to make your account Tier 2. If you request a fiat withdrawal (if you sell your bitcoin through Kraken for euro) you will be asked to fully verify your identity by sending it your personal documents like ID/passport, utility bills etc. For buying and withdrawing bitcoin, that is not necessary unless you are randomly picked for screening. 3. Make a SEPA/IBAN transfer to Krakens bank account. Its located under YOURUSERNAME> DEPOSIT> Euro (EUR)> Fidor Bank AG (SEPA). Notice that you can onlydeposit an limited amount of money unless you further verify your account. Current limit for a Tier 2 account is1,869.15 per day. To initiate a SEPA transfer, ask your bank for assistance, if needed. AllEU banks with an online interface have this ability when you log in and look around. Often its just called International bank transfer. 4. After you receive the deposit which usually takes one banking day, you can exchange thos Continue reading >>
Why I Move From Kraken To Binance For Trading Steemcreated With Sketch.
Image 1: Recent inaccessibility to Kraken which happens frequently in Q4 2017 Being a cryptocurrency trader, Kraken was my previous choice of exchange, partly because it is one of the first & big exchanges, partly because of its user-friendly interface. Being the place to claim your stolen bitcoins in MtGox, Kraken also gained reputation, trust and adaptation from bitcoin traders. However the exchange seems to be slow in changing and adding more value to customers. As of 1 Dec 2017, here is following disadvantages of using Kraken: Frequent error 404, 402, 520, etc.. which makes it difficult to access the service. To perform a transaction you need to go through different steps and in each steps error could happen, and you need to do a page refresh and hope that the page will appear correctly. It took me 20 minutes just to place a withdraw order of Ripple to Binance just today. Market listing is small. As of 1 Dec 2017 there are about 15 coins and 45 pairs listed. Which means you cannot buy many famous coins such as NEO, BNB, STEEM etc.. and which means you mostly can only trade alt coins like Ripple and Stella Lumens to Bitcoin - in many other exchanges you can trade them directly to Ether and Monero. Kraken is not open to accept new Bitcoin forks - including BTG and BCD which means you will not have them if you own Bitcoin in Kraken. And that's why I decided to find a new exchange. Researching for several days, I came up with important decision to move all of my assets to Binance. It is easy to make a transaction!!! It works so smoothly that you can make transaction in seconds. It is a relieve for traders moving out from Kraken The trading fee and withdrawal fee is super cheap. For example fee for Bitcoin withdrawal as of 1 Dec 2017 is a flat of 0.0005 BTC. You know ho Continue reading >>
Kraken Exchange Review 2017 | Features & Fees | Finder.com
Kraken is available globally, with exceptions. If your country or region is not eligible for Krakens services, your account status will likely say pre-verified. Theres nothing much you can do at that point, unfortunately. Kraken accepts payments through fiat currency and cryptocurrency. To make a deposit, log in and go to Account > Funding > Deposit. Here, youll be prompted to choose your deposit method. If you are a US resident wishing to deposit US dollars, you will be given instructions for a domestic wire transfer. This must be completed at your bank. Its also important to note that USD deposits via wire transfer are only available for Tier 3 or Tier 4 account holders. These tiers refer to your level of account verification. A full breakdown of the tier structure is available on the Kraken site . Credit cards, debit cards and PayPal are not currently supported. Fees start as low as 0% and depend largely on how much you trade. Fees are charged on a per-trade basis, and calculated as a percentage of the trades quoted currency volume. Kraken offers one of the most comprehensive fee schedules on the market. For full disclosure on how much trading will cost you, visit Krakens website . USD domestic and international wire transfers are processed in approximately 1-5 business days. You wont be able to withdraw funds if it puts you over your current daily or monthly limit. The same rule applies for deposits, except that the window is set daily. Below are the maximum withdrawal limits by tier. Kraken is considered one of the safest bitcoin exchanges around. The platform provides cryptography-verified proof of reserve audits. These audits verify the total amount of cryptocurrency held by Kraken. The company appears to be well capitalized and very safe to use. In fact, Kraken Continue reading >>