How To Transfer From Kraken To Robinhood

If you want to switch from Kraken to Robinhood, you’re in the right place!

This updated guide covers all the latest steps and safety tips you need to transfer crypto assets from Kraken to Robinhood—whether you’re consolidating your portfolio, seeking lower trading fees, or just want to take advantage of Robinhood’s expanded features like staking, stock tokens, and self-custody wallets. We’ve added crucial details on compliance, security, transfer timing, and troubleshooting so you can transfer confidently.

New to Crypto & Robinhood? Check out this beginner-friendly walkthrough:

How To Transfer From Kraken To Robinhood

This process works for both Robinhood’s custodial (exchange) wallets and the Robinhood Wallet self-custody app. Choose the destination that best fits your needs—see above for wallet differences. Start with a small test transfer if this is your first time!

1. Open Or Prepare Your Robinhood Account

Use the button above to get a completely free stock when you sign up!

• Download the Robinhood app or Robinhood Wallet app (for self-custody).
• Complete ID verification (KYC); have your government ID ready.
  Note: Approval can take a few minutes to 1-2 days.
• Set up two-factor authentication (2FA) using an authenticator app—not just SMS for better security.
• Choose the account type that fits your needs; Individual/Brokerage, Retirement (IRA), or Custodial (for minors).
• If you want self-custody, download Robinhood Wallet and follow the recovery phrase backup instructions.

2. Set Up and Secure Your Robinhood Wallet

• For Robinhood custodial wallets: Set up strong 2FA and check all notification preferences.
• For Robinhood Wallet (self-custody):
  • Back up your recovery phrase securely (offline, not on a computer/phone!).
  • Enable biometric security for extra protection.

3. Locate Your Robinhood Wallet Address

You’ll need the exact deposit address for the coin you’re transferring.

1. Open your Robinhood app, tap the search icon, and enter the coin name (e.g., Bitcoin, Ethereum).
2. Select the coin and scroll to the "Receive" option, then select the same network you’ll use to send from Kraken (e.g. Ethereum Mainnet for ETH).
3. Tap "Copy Address" or show the QR code.
4. Important: Confirm the address network matches what Kraken supports for withdrawals of this asset.

If using Robinhood Wallet (self-custody), the steps are similar—always verify networks to avoid loss of funds!

4. Transfer From Kraken To Robinhood

1. Log in to your Kraken account (web or mobile).
2. Go to "Funding" in the main menu.
3. Find the crypto you want to transfer and click "Withdraw" or the up arrow.
4. Click "+Add address" and paste the address copied from Robinhood.
5. Carefully enter the address label (e.g., “Robinhood Wallet”).
6. Save the address. Some users must confirm new address via email or 2FA app—follow all prompts.
7. Enable withdrawal whitelisting if available (extra security).
8. Enter the amount to send. Leave enough to cover Kraken’s withdrawal fee and minimum balance if required.
9. Choose the right network (e.g., ERC-20 for Ethereum; Solana for SOL; Bitcoin mainnet for BTC) to avoid lost funds.
10. Tip: Start with a small test transfer. Verify it arrives in Robinhood, then repeat for your full amount.
11. Confirm and review all details, then click "Withdraw."

Note: You’ll see a transaction hash once Kraken processes your withdrawal. Transfers may take several minutes to several hours to appear in Robinhood, depending on network conditions (some coins require multiple confirmations for crediting).

5. Confirm Deposit in Robinhood

• Check your Robinhood account or Robinhood Wallet app for the incoming transfer.
• For larger transfers, it’s normal if Robinhood runs additional compliance or security checks, delaying the credit a bit.
• If the funds don’t arrive after 2-6 hours, check blockchain explorers (like Etherscan for ETH) for transaction status. Confirm you sent to your address and correct network.

6. Next Steps: Managing Your Crypto In Robinhood

• Trade, stake, or store: Sell, buy, trade stocks/tokens, stake supported coins for passive rewards, or transfer to Robinhood Wallet for self-custody.
• Enable advanced security features and set price alerts.
• Review your tax implications—Robinhood offers cost basis and tax reporting tools. Consider consulting a tax advisor for large or complex transfers.

FAQs & Troubleshooting

Q: What if I use the wrong network?
A: Transfers sent to the wrong network (e.g., TRC-20 instead of ERC-20) can be permanently lost. Always match networks on both platforms. If wrong, contact both exchanges immediately—but recovery is not guaranteed.

Q: What are typical transfer times?
A: Depends on network congestion: Bitcoin/Ethereum 5-60 minutes, Solana/Polygon/Arbitrum <5 minutes. Kraken may batch withdrawals (check withdrawal status tab).

Q: My deposit isn’t showing up. What do I do?
A: Double-check the transaction hash/blockchain explorer. If at least 2-3 confirmations and nothing in Robinhood, contact Robinhood support with exact transaction ID and screenshots. Support is available 24/7 via chat in the app, or by phone.

Q: Are there limits on transfers?
A: Both Kraken and Robinhood may have daily withdrawal/deposit limits, depending on your account tier and KYC level. Check each platform’s FAQ or your profile settings for up-to-date limits.

Q: Can I undo or reverse a crypto transfer?
A: No. Crypto transactions are final and irreversible once confirmed on the blockchain. Always test with a small amount before sending your full balance.

Risks & Safety Reminders

• Crypto values are volatile and can go up or down rapidly.
• Never share your passwords, 2FA codes, or private key/recovery phrase with anyone—even Robinhood or Kraken staff will never ask for them.
• Double-check all URLs and beware of phishing attacks.
• For large sums, consider keeping your crypto offline (hardware wallet) or in Robinhood’s self-custody app for maximum security.
• Be mindful that asset availability, fees, and features can change with platform or regulatory updates. Check for the latest info before any large transfer.

For more support, visit the Robinhood Help Center or Kraken Support.

Bottom Line: Transferring from Kraken to Robinhood is easier than ever, but doing it securely and economically requires choosing the right wallet, network, and fee timing, plus safeguarding your credentials. Take your time, test the process, and enjoy the wide range of features Robinhood now offers—including staking, stock tokens, and self-custody!