Ultimate guide on how to transfer
Stellar from Kraken to itBit

Step by step overview on how to withdraw Stellar 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 Stellar withdrawal.

Here are the steps on how to withdraw Stellar from your registered and confirmed Kraken account:

  1. Withdraw Stellar 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 Stellar from your Kraken account

To withdraw Stellar from Kraken, click on “Withdraw” and select your Stellar.

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 You have withdrawn Stellar from your Kraken account.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 You have withdrawn Fiat money from your Kraken account.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 Stellar on itBit

With your fully confirmed and verified itBit account, you can take advantage of the different features available on the exchange. One of the major things that you need to do before you start trading is depositing funds. With itBit, you can deposit cryptocurrencies like Stellar or Fiat money.

These are the easy-to-follow steps to help you make your first Stellar deposit on itBit

  1. Deposit Stellar on itBit
  2. Deposit Fiat money on itBit

Click this link to access the exchange site. Log in using the email address and password you’ve registered for itBit. Once you’re logged in, your default screen will direct you to itBit’s funding page.

1. Deposit Stellar on your itBit account

To deposit Stellar on itBit, choose the wallet account you would like to fund, then click on “Deposit,”.

Next, select your Stellar and click the “Deposit” button. A pop-up window with your Stellar deposit address will appear. You can either send your Stellar to this deposit address or scan the QR Code provided using your wallet service.

The deposit address auto-generates a unique value for each deposit transaction. You must rescan or input the new deposit address for any future deposits to avoid losing funds. 

If you scroll down the funding page, you’d be able to see your deposit transactions.

Easy, right? You have added Stellar on your itBit account. 

2. Deposit Fiat money on your itBit account

To deposit Fiat money on your itBit account, the instructions are similar to depositing Stellar. Select the appropriate account tab from which you would like to transact. Under “Deposit,” select your currency (SGD is currently unavailable).

Next, click the “Deposit” button. The “Cash Wire Deposit Instructions” will pop-up. Please follow itBit’s instructions including making sure the bank account name from which the transfer originates, matches that of the registered account or your deposit can be rejected. Secure your itBit wallet ID. This is added in your wire transfer instructions. Insufficient/missing account identifying information will lead to delays in Fiat deposits, reversals and administrative fees imposed by the banks and itBit.

deposit fiat on itBit

If you scroll down the funding page, you’d be able to see your deposit transactions.

You did it! You have added Fiat money on your itBit account.

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