Ultimate guide on how to transfer
Bitcoin from Kraken to Lykke

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 You have withdrawn Bitcoin from your Kraken account.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 You have withdrawn Fiat money from your Kraken account.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 Lykke

With Lykke, you can deposit funds using a variety of cryptocurrencies as well as Fiat money.

Let’s follow these steps to help you deposit funds on your registered and verified Lykke account:

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

Click here to open the exchange site.

Note: Downloading Lykke on your mobile phone is highly recommended because the trading process for Lykke requires you to sign in and connect using your mobile device. You are unable to trade using your computer.

I downloaded Lykke Wallet through Android in this example.

To log in, click on “Sign in.”

Type in the email address and password you’ve registered for Lykke Wallet.

Once you’re signed in, you will be routed to the Lykke Wallet homepage. To deposit, click on the blue plus sign on your selected currency or Bitcoin. You may also directly click on “Payments & Transfers.”

1. Deposit Bitcoin on your Lykke account

For Bitcoin deposit, select “Blockchain Transfer” under “Deposit.”

The “Deposit” screen shows up with all available tokens and coins.  Select the one you would like to deposit by tapping on it. In this example, we select Bitcoin.

After you tap on Bitcoin, the app will give you your wallet address. You can transfer your crypto assets to your trading wallet using wallet address and QR-code. It is a must to pay attention when you’re copying it as Bitcoin transaction cannot be reversed, and if you’re not careful, you will end up losing your money.

You can check your balance by going back to the “Home” icon.

Great job! You have deposited Bitcoin on your Lykke account.

 

2. Deposit Fiat money on your Lykke account

If you prefer to deposit using Fiat money, select “Swift” under “Deposit.”

Enter your preferred amount to deposit and click on the “Deposit” box.

Fill out the “Payment details” form and double check the onscreen information before submitting. Once you sent it to the wrong account, it cannot be undone, and your money can be lost permanently. After submitting your data, you get redirected to the screen of the payment provider.

You can check your balance by going back to the “Home” icon.

Awesome! You have deposited Fiat money on your Lykke account.

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