Ultimate guide on how to transfer
Bitcoin from Kraken to Private: Gatecoin

Step by step overview on how to withdraw Bitcoin from Kraken

The withdrawal process on Kraken is simple and the steps are easy to follow. You are required to comply with the Account Verification process and Two-factor Authentication prior to doing any transaction, like Bitcoin withdrawal.

Here are the steps on how to withdraw Bitcoin from your registered and confirmed Kraken account:

  1. Withdraw Bitcoin from Kraken
  2. Withdraw Fiat money from 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.”

1. Withdraw Bitcoin from your Kraken account

To withdraw Bitcoin from Kraken, click on “Withdraw” and select your Bitcoin.

Paste your wallet address or add a new one by clicking on “Add address.” Click on “Review Withdrawal” and double check the information you supplied to avoid errors.

Whenever you’re ready, click on “Confirm withdrawal.”

Good job! You have withdrawn Bitcoin from your Kraken account.

 

2. Withdraw Fiat money from your Kraken account

To withdraw Fiat money from Kraken, click on “Withdraw” and select your currency. Next, select your withdrawal method from the drop-down arrow and supply the information required by the system, depending on the method you’ve selected. Double check your information before confirming your withdrawal to avoid losing funds.

Perfect! You have withdrawn Fiat money from your Kraken account. 

Step by step overview on how to deposit Bitcoin on Gatecoin

With Gatecoin, you can deposit cryptocurrencies like Bitcoin as well as Fiat money.

Here are the steps on how to deposit funds on your registered and confirmed Gatecoin account:

  1. Deposit Bitcoin on Gatecoin
  2. Deposit Fiat money on Gatecoin

Click here to open the exchange site.

Log in using the email address and password you’ve filed for Gatecoin.

Once you’re logged in, you can see different menus on the left side of the page. Click on ‘Deposit’ which is the fifth option from the top.

1. Deposit Bitcoin on your Gatecoin account

For Bitcoin deposit, go to ‘Deposit Funds’ and click on your Bitcoin. In this example, we are using BTC.

Right below the currency options is the deposit address.

You can either copy the current deposit address or generate a new one. Scan the QR code and type in the numbers or copy the address using the external Bitcoin wallet that holds the Bitcoin you want to deposit. Send the transaction to continue.

It is a must to copy the correct address before submitting the transaction. Otherwise, you may lose control of your Bitcoin as it can no longer be reverted.

Bitcoin funds should be available after six confirmations. You will see your recent and previous deposit transactions by clicking on ‘History.’

Excellent! You have deposited Bitcoin on your Gatecoin account.

 

2. Deposit Fiat money on your Gatecoin account

For Fiat money deposit, go to ‘Deposit Funds’ and select HKD/USD/EUR as well as your location. We are using USD in this example.

You will then see Gatecoin’s bank account details and instructions for you to process an e-banking or wire transfer depending on your location. After sending the transfer, upload the receipt of the transaction in your Gatecoin account under “Submit” next to “Instructions.”

Fill out the information correctly as it is shown on the account statement. You are also required to attach a screenshot of the online banking payment confirmation message. Gatecoin’s service provider will not issue the funds if the needed information is not provided.

The bank transfer takes up to two business days. You will see your recent and previous deposit transactions by clicking on ‘History.’

Fantastic! You have deposited Fiat money on your Gatecoin account.

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