Ultimate guide on how to transfer
Bitcoin from itBit to Kraken

Step by step overview on how to withdraw Bitcoin from itBit

With your fully confirmed and verified itBit account, you can take advantage of the different features available on the exchange. One of them is processing Bitcoin withdrawal.

These are the easy-to-follow steps to help you withdraw Bitcoin from itBit

  1. Withdraw Bitcoin from itBit
  2. Withdraw Fiat money from itBit

Click this link to access the exchange site. Log in using the email address and password you’ve registered for itBit. Once you’re logged in, your default screen will direct you to itBit’s funding page.

1. Withdraw Bitcoin from your itBit account

To withdraw Bitcoin from itBit, choose the “wallet” account which you would like to withdraw. On the right-hand side of the screen, under “Withdraw”, select your Bitcoin.

Enter in the address of your Bitcoin wallet as well as your desired amount, then click the “Withdraw” button.

If you scroll down the funding page, you’d be able to see your withdrawal transactions.

Excellent! You have successfully withdrawn Bitcoin from your itBit account. 

 

2. Withdraw Fiat money from your itBit account

To withdraw Fiat money from itBit, choose the “wallet” account which you would like to withdraw. On the right-hand side of the screen, under “Withdraw”, select your currency.

Choose the bank account you would like to withdraw to or add an additional bank account by clicking “Add bank account.”

If you scroll down the funding page, you’d be able to see your withdrawal transactions.

You did it! You have successfully withdrawn Fiat money from your itBit account.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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