Ultimate guide on how to transfer
Bitcoin from Idax to Kraken

Step by step guide on how to withdraw funds from your account on Idax

Idax is a user-friendly exchange platform, which offers crypto-to-crypto transactions.

Below are some steps to help you withdraw funds from your account.

Go to https://www.idax.mn/ and select “Login.”

how to log into idax

Enter the email and password you registered, and then hit “Login.”

how to log into idax

Go to “Assets.”

How to Withdraw on Idax

Select the currency you want to withdraw funds from and click “Withdrawal.”

How to Withdraw on Idax

In this example, we are going to use VIN. Enter the withdrawal address, the amount you wish to withdraw, and then click “Submit” to proceed.

How to Withdraw on IdaxCongratulations! You have successfully withdrawn Bitcoin from your Idax account.

Step by step overview on how to deposit Bitcoin on Kraken

With Kraken, you can deposit cryptocurrencies like Bitcoin 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 Bitcoin on your registered and confirmed Kraken account:

  1. Deposit Bitcoin 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 Bitcoin on your Kraken account

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

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