Ultimate guide on how to transfer
Algorand (ALGO) from Bibox to Kraken

Step by step guide on how to withdraw Algorand (ALGO) from your Bibox account

In Bibox, only cryptocurrencies are allowed (no Fiat money).

We are going to teach you how to withdraw Algorand (ALGO) from your Bibox account and here are the steps:

Open the Bibox website – https://www.bibox.com

Log into your account by entering the email and password you registered.

Go to “Assets” located at the top bar beside your profile.

 

From the Assets page, go to the “Withdraw” section. Select your Algorand (ALGO) and enter the required details such as the amount and the withdrawal address. Pay attention to the wallet address that you’re copying as processed Algorand (ALGO) withdrawals can no longer be reverted. If you transact with the wrong one, you will lose your money permanently. Click the Withdraw Algorand (ALGO) button to continue.

 

To check on the status of the withdrawal transaction that you just made, go to the “Withdrawal” section.

 

Awesome! You have just successfully withdrawn Algorand (ALGO) from your Bibox account.

Step by step overview on how to deposit Algorand (ALGO) on Kraken

With Kraken, you can deposit cryptocurrencies like Algorand (ALGO) 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 Algorand (ALGO) on your registered and confirmed Kraken account:

  1. Deposit Algorand (ALGO) on Kraken
  2. Deposit Fiat money on Kraken

Click here to open the exchange site and click on “Log in.”

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.”

Once you’re logged in, click on “Funding” to start depositing.

1. Deposit Algorand (ALGO) on your Kraken account

To deposit Algorand (ALGO), click on “Deposit” and select your preferred Algorand (ALGO).  Make sure that the Algorand (ALGO) deposit you opted to make meets the minimum deposit requirements. Also, double-check that you are sending the correct Algorand (ALGO) 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 Algorand (ALGO) on your Kraken account.

 

2. Deposit Fiat money on 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. 

Which Cryptocurrency do you want to buy, transfer or store?

Trading and investing in digital assets is highly speculative and comes with many risks. The analysis/stats on CoinCheckup.com and it’s subsites are for informational purposes and should not be considered investment advice and or the truth. Statements and financial information on CoinCheckup.com and it’s subsites should not be construed as an endorsement or recommendation to buy, sell or hold.

Please do your own research on all of your investments carefully. Scores are based on averages of third party websites.  Past performance is no indicative of future results. Read the full disclaimer here.