Kraken was established in 2011 and helped pave the way for the modern Bitcoin revolution.
In 2013, investors could officially begin trading cryptocurrency on the Kraken platform.
However, Kraken lacks many beginner-friendly features that other popular platforms provide. Additionally, some Kraken services are not yet offered in the United States.
Because of this, you might be wanting to transfer your crypto assets to another platform.
Gemini is a great crypto trading platform for many because of its large collection of cryptos fully available to US citizens. Additionally, Gemini has some of the best security features in the industry.
Whatever the reason may be for wanting to transfer from Kraken to Gemini, we will show you how to execute this transfer step-by-step!
The process for transferring your crypto from Kraken to Gemini can be completed through three steps:
We will explain each step in more detail below, so keep reading!
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Gemini enables investors to buy, store and trade cryptocurrencies.
This exchange is one of the few cryptocurrency platforms that has never been hacked. This means that Gemini’s security precautions are working.
Gemini has also built a reputation as an investing platform with a simple user interface.
As with any crypto trading platform, Gemini does charge platform fees.
Since crypto fees are often complex and vary from crypto to crypto, the list of fees can be found on the official Gemini website.
The process to open a new Gemini account is straightforward and can be completed by following the below steps:
After completing the above steps and uploading the required documentation, you will then submit your verification information for review.
According to the Gemini website, verification typically takes 2-3 business days to complete. If the process is taking any longer you can contact customer support for help.
Now that you have opened and verified your Gemini account, it is time to locate your crypto wallet address.
You will have a different address for each type of cryptocurrency that you hold within Gemini. Each one is 100% unique, and mixing them up could result in the loss of cryptocurrencies.
You need to make sure you send Bitcoin to a Bitcoin address only, for example.
Here's how to locate your wallet address on Gemini:
Last step, time to send your crypto from Kraken to Gemini: