Investing Simple Logo
Get 1 Free Stock Worth Up To $200 From Robinhood!
Sign up with Robinhood, deposit any amount and get 1 Free Stock. It takes less than 3 minutes to sign up and claim your Free Stock Bonus.
Earn 5.00% APY with M1 High-Yield Savings Account
M1 Plus members can earn 5.00% APY on their deposits with no minimum balance required.
Get $5 FREE Bitcoin From Coinbase Today
Coinbase is offering new users a $5 bonus paid in Bitcoin. All you have to do is make your first crypto purchase after signing up.
Written by Sam Pennington on January 14, 2022
FTC Disclosure: Some of the links on this site are affiliate links. Read our full disclaimer here.

How To Transfer From Kraken To Coinbase 2023

Kraken is a cryptocurrency platform that has risen in popularity over the last few years. Some members find the user interface to be more challenging. And while they do support a large number of cryptos and other features, some options are limited for US members.

For some, Coinbase may be better suited for your needs as they have a larger collection of cryptos and cater well to US members.

Additionally, Coinbase has a fantastic user interface that makes trading crypto simple.

Whatever the case may be, if you are looking to transfer crypto's from Kraken to Coinbase, then this is the article for you.

We will provide step by step instructions on how to execute this transfer.

Limited Time: Robinhood 1% Transfer Bonus

If you transfer an existing brokerage account to Robinhood through January 31st 2024, you can get an Unlimited 1% Transfer Bonus.

Robinhood Transfer Bonus

For example, if you transferred a brokerage account worth $50,000 - that would be a bonus of $500.

In addition, Robinhood offers a free stock for new users as well as a 1% IRA match for retirement accounts.

How To Transfer Crypto From Kraken To Coinbase

Transferring crypto from Kraken to Coinbase is not difficult.

The process can be completed with the 4 steps below, which only take a few minutes to complete, unless you need to wait for verification.

  1. Open a Coinbase Account (Use our link here for $5 FREE Bitcoin)
  2. Verify your Coinbase Account
  3. Gather Necessary Information
  4. Send Crypto from Kraken to Coinbase

Each of these steps has a few steps themselves. Let's dive into those now.

Best Free Stock Promotions

Robinhood Logo1 Free Fractional Share Worth $5 To $200Claim Bonus
Webull LogoEarn Up To 70 Free Fractional SharesClaim Bonus
Moomoo Logo5 Free Stocks When You Deposit $100+Claim Bonus
Acorns Logo$20 Bonus When You Invest $5+Claim Bonus

1. Open A Coinbase Account

Trade cryptocurrency with Coinbase

Coinbase is a top rate platform for a number of reasons.

Chief of these is their simple user interface that makes trading crypto seamless. They also offer a number of other benefits like free education resources and an advanced platform for more seasoned traders.

If you sign up for Coinbase using our button above, you will get $5 worth of free Bitcoin!

Before executing a transfer from Kraken to Coinbase, you will need to set up a Coinbase account.

Setting up a new Coinbase account is simple:

2. Verify Your Coinbase Account

When creating a Coinbase account, you can skip verification and start trading cryptos.

However, to send/receive crypto, you do need to verify your account.

This verification is done through uploading a photo of your driver's license or other state issued ID:

  1. To do this, you will click "Send/Receive" once logged into Coinbase
  2. A popup will appear that prompts you to upload a photo of your ID (front and back)
  3. This can take 1-2 business days to complete

You will receive an email once you are verified or if Coinbase needs more information.

If the image of your ID is clear and matches the information in your account, verification will be completed in mere minutes.

3. Gather Necessary Information From Coinbase

When transferring crypto assets out of Kraken, you will need a location to send them to.

In this case, that location is going to be a crypto wallet from Coinbase. Each crypto has a specific wallet, and each wallet has a specific address.

This address can be found in Coinbase quickly and easily:

  1. In the "Home Tab" of the Coinbase app, tap "Receive" at the top (on the desktop version, click the "Send/Receive" button)
  2. A new screen (popup on the desktop version) will appear with a QR code and an address
  3. Beneath the address, you will see a cryptocurrency
  4. Tap the box to select the crypto you wish to transfer
  5. Copy this address with the "copy" function on your phone
  6. You will use this once you initiate a transfer from Kraken

Always double check to make sure you are sending cryptocurrencies to the correct wallet type.

If you send Bitcoin to an Ethereum address, for example, it will likely be lost forever.

4. Send Crypto From Kraken To Coinbase Wallet

Sending crypto from Kraken to Coinbase is a fairly simple process. Before diving into the process, it's important to note that there are applicable fees and minimums.

Withdrawing crypto from your Kraken account will result in a transfer fee.

The fee will depend on the crypto that you are transferring. For example, if you want to transfer Cardano, then the fee will be 1 ADA. Additionally, there is a minimum transfer amount that varies by crypto. With Cardano, the minimum transfer is 5 ADA.

To see all fees and minimums, take a look at Kraken's fee schedule here.

Here's how to send crypto from Kraken to Coinbase:

  1. Once logged into Kraken, click on "Funding" in the main menu
  2. Find the crypto you would like to transfer and click on "Withdraw" or the up arrow
  3. Click on "+Add address"
  4. A new popup/screen will appear when you will type in a description of the new address (example "Coinbase Wallet") and paste in the address you copied from Coinbase
  5. Click "Save Address"
  6. You will then receive a note informing you to confirm the new address
  7. You will receive an email with instructions on how to approve the new wallet you just added
  8. After confirming the new address, you will enter in the amount of the particular coin you want to transfer
  9. Confirm the information is correct and click "Withdraw"

Don't forget to grab your free stock worth up to $200 from Robinhood today!

Article written by Sam Pennington
Sam is a personal finance writer. While in college, he dedicated his spare time to learning about personal finance, investing, and real estate. Sam currently works as a business analyst for one of the top food manufacturers in the world.

Read more

Power Your Investing

Choosing the right product and service is essential for your investing. Here are some of the tools and services to help your portfolio grow.
Robinhood provides an easy-to-use free trading platform for beginner investors. Robinhood has $0 account minimums. Get a free stock when you open an account below.
Try Robinhood
M1 Finance
M1 Finance offers a free investing platform where users can build portfolios of stocks and ETFs. Users can also choose from a variety of pre-built portfolios offered for free.
Try M1 Finance
Passively invest in private real estate deals with as little as $10. Fundrise allows you to own residential and commercial real estate across the U.S. starting at a 1% annual fee.
Try Fundrise
Copyright © 2018 – 2023 Investing Simple LLC. All Rights Reserved.
Investing Simple is a financial publisher that does not offer any personal financial advice or advocate the purchase or sale of any security or investment for any specific individual. Members should be aware that investment markets have inherent risks, and past performance does not assure future results. Investing Simple has advertising relationships with some of the offers listed on this website. The information on Investing Simple could be different from what you find when visiting a third-party website. All products are presented without warranty. For more information, please read our full disclaimer.
Website managed by Stallion Cognitive™

Get 1 Free Stock Worth Up To $200 From Robinhood!

Don't Miss This Opportunity!

Investing Simple readers can claim a free stock from Robinhood worth up to $200 when they open a brokerage account and deposit any amount.

For US Residents only. Investing Simple is affiliated with Robinhood, and we may earn a commission when you sign up for Robinhood.

linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram