Ultimate guide on how to transfer
Bitcoin from Kraken to Upbit

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 You have withdrawn Bitcoin from your Kraken account.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 You have withdrawn Fiat money from your Kraken account.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

As one of the largest exchanges in South Korea, the platform offers a very friendly user interface for those who intend to fund their account may it be in the form of digital currencies or Fiat money.

In this guide, you’re about to receive instructions on how to place your funds on the Upbit exchange.

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

To get to the deposit page, you must first log in to your account. The sign-in link is here.

Click the ‘Login to cacao account’ button.

Log-in to the Kakao account that you’ve created which was a prerequisite in the Upbit registration. After entering your email address and password, hit on the Log In button.

1. Deposit Bitcoin on your Upbit account

Depositing in Upbit is free of charge. However, one has to pass their authentication process first before doing this step.

After getting a verified account, go to the ‘Disbursement’ tab which you find on the top navigation bar.

Click ‘Deposit and withdrawal’ beside the currency of your choice. The incoming address is where you can deposit your funds. Make sure to send the assets to the correct information to get rid of loss and delays. It usually takes 10-30 minutes for the processing depending on the cryptocurrency you choose.

Cool! You have successfully deposited Bitcoin in your Upbit account.

 

2. Deposit Fiat money on your Upbit account

For Fiat deposit transactions, access the ‘Disbursement’ page just like what you do when you process a Bitcoin deposit. There are no fees as well in making this type of funding.

Select the asset that you’d like to fund and go to KRW charge. You should be able to view additional instructions on how to proceed once your account gets authenticated. Always see to it that all information you input is accurate to achieve a smooth and issue-free transaction.

If you wish to check your deposit, you can easily access the ‘Investment History’ page and going to the ‘Deposit/withdrawal waiting’ section.

You can also check it via ‘Deposit history’ of the ‘Disbursement’ page.

Congratulations! You have effortlessly funded your Upbit account with Fiat money.

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