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

Step by step overview on how to withdraw Monero (XMR) from Huobi

Withdrawing funds from your Huobi account is easy. However, prior to making deposit and withdrawal transactions, you have to go through verification processes to ensure your safety.

Here, you will find steps that you can follow in withdrawing funds from Huobi account.

Click this to access the platform.

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

After logging in, go to “Balances” and select the currency you want to withdraw. You can either type in your Monero (XMR) or manually search it from the list. In this example, we are using BTC.

Click on “Withdraw.”

Key in the Monero (XMR) address as well as your amount. Make sure the correct Monero (XMR) address is entered to avoid losing your money permanently as withdrawal transactions can no longer be reverted.

Click on “Withdraw.”

The Security authentication box will pop-up. Input the codes needed and click on “Confirm.” The next page is for you to submit the required documents. Once submitted, it’ll be processed within 30 minutes.

If this step is skipped, you need to wait for a call within 24 hours to go through phone verification from an officer in charge.

Click on “History” to monitor the status of your withdrawal. Remember that 6/6 confirmation must be met.

Excellent! You have successfully processed Monero (XMR) withdrawal from your Huobi 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. 

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.