Ultimate guide on how to transfer
Litecoin from Gatecoin to Kraken

Step by step overview on how to withdraw Litecoin from Gatecoin

Making withdrawals from your funded Gatecoin account is simple. You can withdraw crypto Litecoin or Fiat money, depending on what you have saved.

Let’s check these steps to help you withdraw funds from your Gatecoin account:

  1. Withdraw Litecoin from Gatecoin
  2. Withdraw Fiat money from Gatecoin

Click here to open the exchange site.

Log in using the email address and password you’ve filed for Gatecoin.

gatecoin_deposit

Once you’re logged in, you can see different menus on the left side of the page. Click on ‘Withdraw’ which is the sixth option from the top.

Gatecoin_withdraw

1. Withdraw Litecoin from your Gatecoin account

For Litecoin withdrawals, go to ‘Withdraw Funds’ and click on your Litecoin. In this example, we are using BTC.

Next, add your wallet address by clicking on the plus sign next to”Account.”

gatecoin_withdraw

Click on the “Add Address” button to select the Litecoin address. Make sure to select the correct one as completed withdrawal transactions can no longer be reversed, therefore, you could lose your money permanently if the wrong recipient is chosen.

After typing in the address and password, click on the ‘Save’ icon to continue.

Go back to the ‘Withdraw Funds’ page and fill in the amount,  add a comment when needed, then click on the ‘Send’ button to proceed.

Most Litecoin withdrawals from Gatecoin are processed instantly. If you’d like to view pending and previously processed transactions, go to ‘History’.

Good work! You have successfully processed Litecoin withdrawal from Gatecoin!

 

2. Withdraw Fiat money from your Gatecoin account

To withdraw Fiat money, go to the ‘Accounts’ tab and add an account if you have not yet registered a bank account on Gatecoin.  Enter all the essential information correctly like your bank code and ensure that this information is exactly the same as the bank statement. Otherwise, the transaction request will be rejected or you could lose your money if you supply incorrect information.

After adding the bank account, go to “Withdraw Funds” and select the fiat currency in which you would like to withdraw funds. Then, double check your request summary and press “Send” to continue.

gatecoin_withdraw

Withdrawal transaction can take up to two to three business days. If you’d like to view pending and previously processed transactions, go to ‘History’.

Excellent! You have successfully processed Fiat money withdrawal from your Gatecoin account.

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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