Ultimate guide on how to transfer
Compound (COMP) from gate.io to Kraken

Step by step guide on how to withdraw funds from your account on gate.io

Gate.io is a blockchain asset trading platform that offers crypto-to-crypto transactions with low withdrawal fee, cold storage wallet, and low trading fee.

Below is a guide we have prepared to help you in withdrawing Compound (COMP) from your account on gate.io:

Go to https://www.gate.io/ and click “Login.”

Enter the username or email and password you register and click “Log in.”

Next, from the dashboard, go to the small box on the right side of the page and click “Withdraw” or you can go to “Wallets.”

Now that you are on the “Wallets” page, look for the currency you want to withdraw funds from and click “Withdraw.”

Fill out the Withdrawal form together with the amount you wish to withdraw and once done, click “Submit request.”

You can check the withdrawal transaction you made by clicking the “Recent Withdrawal” button at the left side of the same page under the “Deposit/Withdrawal” tab.

Congratulations! You have successfully withdrawn Compound (COMP) from your gate.io account.

Step by step overview on how to deposit Compound (COMP) on Kraken

With Kraken, you can deposit cryptocurrencies like Compound (COMP) 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 Compound (COMP) on your registered and confirmed Kraken account:

  1. Deposit Compound (COMP) 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 Compound (COMP) on your Kraken account

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