Ultimate guide on how to transfer
Multi-collateral DAI (DAI) from Kraken to BitInka

Step by step overview on how to withdraw Multi-collateral DAI (DAI) from Kraken

The withdrawal process on Kraken is simple and the steps are easy to follow. You are required to comply with the Account Verification process and Two-factor Authentication prior to doing any transaction, like Multi-collateral DAI (DAI) withdrawal.

Here are the steps on how to withdraw Multi-collateral DAI (DAI) from your registered and confirmed Kraken account:

  1. Withdraw Multi-collateral DAI (DAI) from Kraken
  2. Withdraw Fiat money from 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.”

1. Withdraw Multi-collateral DAI (DAI) from your Kraken account

To withdraw Multi-collateral DAI (DAI) from Kraken, click on “Withdraw” and select your Multi-collateral DAI (DAI).

Paste your wallet address or add a new one by clicking on “Add address.” Click on “Review Withdrawal” and double check the information you supplied to avoid errors.

Whenever you’re ready, click on “Confirm withdrawal.”

Good job! You have withdrawn Multi-collateral DAI (DAI) from your Kraken account.

 

2. Withdraw Fiat money from your Kraken account

To withdraw Fiat money from Kraken, click on “Withdraw” and select your currency. Next, select your withdrawal method from the drop-down arrow and supply the information required by the system, depending on the method you’ve selected. Double check your information before confirming your withdrawal to avoid losing funds.

Perfect! You have withdrawn Fiat money from your Kraken account. 

Step by step overview on how to deposit Multi-collateral DAI (DAI) on BitInka

Putting funds into your BitInka account can be done by either depositing through Multi-collateral DAI (DAI) or Fiat money. However, for Fiat deposits, BitInka requires that you verify your identity first. Otherwise, if it’s a Multi-collateral DAI (DAI) deposit, account verification is not necessary.

Here, you will find steps that you can follow in funding your BitInka account.

  1. Deposit Multi-collateral DAI (DAI) on BitInka
  2. Deposit Fiat money on BitInka

Click this to access the platform.

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

After logging in, you’ll be routed directly to the Wallet section.

1. Deposit Multi-collateral DAI (DAI) on your BitInka account

To initiate a Multi-collateral DAI (DAI) deposit,  click on the ‘Cryptocoins’ tab.

Choose the Multi-collateral DAI (DAI) that you wish to deposit from the list and hit on the ‘Deposit’ button that corresponds the Multi-collateral DAI (DAI).

The next screen will show your crypto-wallet public address. Enter the platform to which you’re going to acquire Multi-collateral DAI (DAI) and either scan the QR code or enter the cryptocurrency address. Minimum deposit you can make is 0.0001  BTC.  You will receive three confirmation notices before your Multi-collateral DAI (DAI) deposit arrives which usually takes up to 24 hours.

Great! You have added Multi-collateral DAI (DAI) on your BitInka account. 

2. Deposit Fiat money on your BitInka account

Now let’s talk about Fiat deposit. Remember that you can only initiate this process after your account gets verified. To fund a verified account with Fiat money, go to the ‘Currency’ tab which is still under the Wallet section.

From the list of currencies or fiat money, choose which one you want to fund. Click on the ‘Deposit’ button to proceed. On the following page, you must specify on how you’re going to add credit to your account (transfers are the preferred method here). Enter the amount of your deposit and then click Total. Confirm that the amount is correct and hit Enter. An email with the information of the bank account to which you must make the deposit will arrive in your inbox.

Lastly, you have to verify your deposit to avoid delays. To do this, go to the Wallet section and click Deposit. Select the currency to which you have made the deposit and hit Verify. Provide the information being requested on the next page, attach the voucher and click on Save. Crediting time may take 24 to 72 business hours.

Awesome job! You now have deposited Fiat money on your BitInka account.

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