Ultimate guide on how to transfer
Monero (XMR) from Bithumb to Kraken

Step by step guide on how to withdraw Monero (XMR) from your Bithumb account

Bithumb only allows Fiat money (KRW) withdrawals to Korean residents. Other users have the option to withdraw cryptocurrency like Monero (XMR) and here the easy steps to follow:

Go to https://www.bithumb.com  and click on “Sign In.”

Enter the email and password you registered.

Enter the security password you used when you signed up then click “Confirm.”

After logging in, click on the “Wallet” button located at the top bar and select “Withdrawal.”

On the Withdrawal section, select the Monero (XMR) or currency you want to withdraw.

Next, enter the amount you wish to withdraw, together with the bank name, bank account, account number, account holder’s name. Always double check your information before submitting withdrawal transactions as it can no longer be reverted and could cause you to lose funds.

Also, type in the cell phone verification code for authentication purposes, and then click “Withdrawal Request.”

Check the transaction history at the bottom of the page where it says “History” or by clicking on the “Pending Order” and “Completed Orders.”

Fantastic! You have just withdrawn Monero (XMR) from your Bithumb account. 

Step by step overview on how to deposit Monero (XMR) on Kraken

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

  1. Deposit Monero (XMR) 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 Monero (XMR) on your Kraken account

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