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Wednesday, February 17, 2021

Receiving Bitcoin into a Kraken Wallet

 Please read the disclaimer first.

Now that I have opened a Kraken account, I can start investing in crypto-assets like Bitcoin (BTC).

Since I already have some BTC in Coinbase, I will use that to fund my Kraken account.

Go to "Funding" in the menu, and click on "Deposit" on the Bitcoin (XBT) row.  Kraken uses funky symbols for some reason, and Bitcoin is XBT.

Click the "Acknowledge" button, yes I am responsible for typing in the right address.

Click "+ GENERATE NEW ADDRESS" to create the receiving address.

Boom!  Easy-peasy.  :)
Click on "QR Code" to generate one if you're using smartphones to send.

Here's the QR code.

I sent my Bitcoin from Coinbase.

Still confirming.  It takes 4 confirmations before I can use it in Kraken.  So roughly 40 minutes?

E-mail from Kraken, "Kraken - Successful Deposit".

Aaand it's ready!  :)

I can now use this BTC for trading, buying other crypto assets, margin for leveraged trades, etc.

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