Withdrawing funds from your KuCoin account is very straight-forward. However, prior to making deposit and withdrawal transactions, you have to go through Security and KYC verification processes to ensure your safety.
Here, you will find steps that you can follow in withdrawing funds from KuCoin account.
Click this to access the platform.
Once the site is up, log-in with your registered account.
Use the email address and password you’ve registered for KuCoin and click on “Log in.”
After logging in, you will be routed automatically to the “Assets” page.
Inside the “Assets” page, select your Compound (COMP) or if it’s more convenient for you, type in your Compound (COMP) on the Search bar. Click on “Withdrawal” in line with your selected Compound (COMP) or directly click on the “Withdrawal” menu at the left side of the screen. We are using BTC in this example.
The Withdrawal form will ask you to enter your Compound (COMP) address, the amount that you wish to withdraw, your security question (this was set up upon KuCoin registration), and finally, your Google 2FA six-digit verification code. It is highly recommended to double check your wallet address before completing each withdrawal transaction to avoid losing money.
Click on “Confirm” to continue.
“Withdrawal history” is readily available should you want to check your pending and or all processed deposits.
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:
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.
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.
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.
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