Ultimate guide on how to transfer
Stellar from Binance to Kraken

Step by step overview on how to withdraw Stellar from Binance

Withdrawing Stellar from your Binance account is very straight-forward. After making sure that your Binance account is safe to use and is fully verified, you can proceed with performing deposit and withdrawal transactions.

Here, you will find steps that you can follow in withdrawing Stellar from your Binance account.

Click this to access the platform.

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

binance_deposit

Keep in mind that Binance does not support any fiat currency (USD, JPY, etc.) transactions. 

Click on “Funds” at the top-right area of the website.

binance_funding

Select your Stellar. You can directly type it in the box so you don’t have to go through the entire list. We are using BTC in this example.

binance_withdrawal

Input the address and amount. Make sure you are putting the correct address as transactions can no longer be reverted. If your funds are transferred to the incorrect address, you could lose your money.

Click on “Submit.”

The system will now send a confirmation message to your Binance registered email address.  Open the “Withdraw Request Confirmation” email and make sure it is your expected transaction, and then click “Confirm Withdraw” when you would like to continue with withdrawing.

To check pending and all transactions, go to “History.”

There you go! You have successfully processed Stellar withdrawal from your Binance account. 

Step by step overview on how to deposit Stellar on Kraken

With Kraken, you can deposit cryptocurrencies like Stellar 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 Stellar on your registered and confirmed Kraken account:

  1. Deposit Stellar 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 Stellar on your Kraken account

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