Ultimate guide on how to transfer
Litecoin from CoinsBank to Kraken

Step by step guide on withdrawing Litecoin from your account on CoinsBank

CoinsBank is an all-in-one gateway to blockchain services and is the leading platform for professional cryptocurrency traders. It offers both Fiat money and crypto-to-crypto transactions.

Below is a guide that will help you withdraw Litecoin from your account on CoinsBank:

  1. Withdrawing Fiat Money from CoinsBank
  2. Withdrawing Litecoin from CoinsBank

Visit https://coinsbank.com/ and click “Login.”

Enter your mobile number and password, and then click “Login.”

Next, from the Dashboard, go to the “Your accounts” section and click “Withdrawal.”

1. Withdrawing Fiat money from your account on CoinsBank

Select the currency you wish to withdraw funds from. Enter the amount in the next box. Next, select your destination account.

Once done, click on “Withdraw Funds.”

Good job! You have just successfully withdrawn Fiat money from your account on CoinsBank. 

 

2. Withdrawing Litecoin from your CoinsBank account

From the “Withdraw funds” page, choose the cryptocurrency you want to transact with.

Next, pick the wallet you want to withdraw funds from and select your destination account. Hit “Withdraw Funds.”

Congratulations! You have successfully withdrawn Litecoin from your account on CoinsBank.

Step by step overview on how to deposit Litecoin on Kraken

With Kraken, you can deposit cryptocurrencies like Litecoin 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 Litecoin on your registered and confirmed Kraken account:

  1. Deposit Litecoin 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 Litecoin on your Kraken account

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