Ultimate guide on how to transfer
Compound (COMP) from Kraken to Bittrex

Step by step overview on how to withdraw Compound (COMP) 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 Compound (COMP) withdrawal.

Here are the steps on how to withdraw Compound (COMP) from your registered and confirmed Kraken account:

  1. Withdraw Compound (COMP) 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 Compound (COMP) from your Kraken account

To withdraw Compound (COMP) from Kraken, click on “Withdraw” and select your Compound (COMP).

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 You have withdrawn Compound (COMP) from your Kraken account.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 You have withdrawn Fiat money from your Kraken account.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 Compound (COMP) on Bittrex

Placing funds into your Bittrex account is possible by depositing cryptocurrencies like Compound (COMP) and Fiat money. After making sure that your Bittrex account is safe to use and is fully verified, you can proceed with performing deposit transactions.

Here, you will find steps that you can follow in funding your Bittrex account.

  1. Deposit Compound (COMP) on Bittrex
  2. Deposit Fiat money on Bittrex

Click this to access the platform.

Once the site is up, log-in with your registered account.

Once you’re logged in, click on “Wallet” which routes you to the “Account Balances” page.

1. Deposit Compound (COMP) on Bittrex account

To deposit Compound (COMP) on Bittrex, select your Compound (COMP) from the list of available cryptocurrencies. Initially, the page seems empty. You may want to click on “Show zero balance” to view the list or directly type in Compound (COMP). So, in this example, we will deposit BTC.

After typing in BTC, the list filters and displays BTC only. There are two icons beside the Compound (COMP), and for deposit, select the green icon.

A new box pops-up. Click “New Address” to generate your address. Please make sure to read the Compound (COMP) deposit instructions if they are available.  Some coins require a minimum amount to be sent before they are credited, and some ask for a message/payment/tag/memo. Therefore, you must send Compound (COMP) to the address provided and attach the needed notes to the deposit for Bittrex to route it to your account.

Also, make sure that you only send the same type of coins to the address. Meaning, if you generated a Compound (COMP) address you deposit Compound (COMP) to it and not some other coin. If instructions are not followed, you will risk losing your funds permanently.

Great! You have deposited Compound (COMP) on your Bittrex account. 

 

2. Deposit Fiat money on Bittrex

For Fiat money deposit, select your currency from the list. Click on “Show zero balance” to view the entire list or directly type in the currency of your choice. So, in this example, we will deposit USD.

After typing in USD, the list filters and displays USD only. There are two icons beside the currency, and for deposit, select the green icon.

Important reminders:  Bittrex now supports eligible personal and corporate accounts for USD deposits. International customers and those operating in the States of California, New York, Montana, and Washington are eligible as long as the identity verification process is completed. It is a requirement to request your account(s) be added to the USD markets. If you already have an existing account, you can process your request in a few minutes, and it gets approved in just a few days.

Click here to view the requirements needed.

After the deposit process, you can check your transactions under “Pending Deposits” and “Deposit History” when you scroll down the page.

Way to go! You have funded Compound (COMP) on your Bittrex account. 

Which Cryptocurrency do you want to buy, transfer or store?

Trading and investing in digital assets is highly speculative and comes with many risks. The analysis/stats on CoinCheckup.com and it’s subsites are for informational purposes and should not be considered investment advice and or the truth. Statements and financial information on CoinCheckup.com and it’s subsites should not be construed as an endorsement or recommendation to buy, sell or hold.

Please do your own research on all of your investments carefully. Scores are based on averages of third party websites.  Past performance is no indicative of future results. Read the full disclaimer here.