If you want to make the switch from Kraken to Robinhood, then you've come to the right place.
In this article, we cover the steps required to transfer crypto assets from Kraken to Robinhood.
Let's dive in!
If you transfer an existing brokerage account to Robinhood through January 31st, 2024, you can get an Unlimited 1% 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.
First, you will need to open a Robinhood account.
Use the button above to get a completely free stock when you sign up!
Setting up the new wallet is actually really simple. The whole process takes a matter of minutes and can be completed from your phone.
You will need to submit a photo of your ID, set up two-factor authentication, and download an authenticator app.
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 address from Robinhood. Each crypto has a specific wallet, and each wallet has a specific address.
This address can be found in Robinhood quickly and easily:
Here's how to send crypto from Kraken to Robinhood: