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

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 You have withdrawn Multi-collateral DAI (DAI) from your Kraken account.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 You have withdrawn Fiat money from your Kraken account.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 OKCoin

With OKCoin, you can deposit cryptocurrencies like Multi-collateral DAI (DAI) as well as Fiat money.

Here are the steps on how to deposit funds on your registered and confirmed OKCoin account:

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

Click here to open the exchange site.

You have three options when logging in. As shown on the image below, you can log in using your linked phone number, registered email address, and sub-account.

In this example, we are logging in using the email address and password I’ve filed for OKCoin.

Once logged in, you will see the “My Wallet” page where you can see available tokens. To deposit, click on “Token Deposit” from your selected Multi-collateral DAI (DAI) or currency.

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

For Multi-collateral DAI (DAI) deposit, select your Multi-collateral DAI (DAI) under “Token Deposit”. We are using Bitcoin in this example.

Copy the current deposit address or select your wallet address by clicking on “Address history.” It is a must to copy the correct address before submitting the transaction. Otherwise, you may lose control of your Multi-collateral DAI (DAI) as it can no longer be reverted.

You can check your balance by clicking on the “Balance” menu available on the right side of the page.

Excellent! You have deposited Multi-collateral DAI (DAI) on your OKCoin account.

 

2. Deposit Fiat money on your OKCoin account

For Fiat money deposit, select your currency under “Token Deposit”. We are using USD in this example.

Choose your bank of deposit and enter your desired amount (as per latest update, the minimum is USD100; maximum depends on your KYC level). Read OKCoin’s terms of service and check the box, then click on “Submit.” After submission, you will be redirected to the deposit confirmation page which shows the details of the beneficiary bank.

Make sure to complete the deposit within 72 hours, or the request will be canceled. It is a must to enter all the required information of the beneficiary bank as instructed in order not to lose your money.

Note: KYC level 2 is required for USD deposit as shown on the image below.

Fantastic! You have deposited Fiat money on your OKCoin account.

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