Transfer Crypto to and from Kraken
How to Send Crypto to Kraken from Gem Walletâ
Sending cryptocurrency from Gem Wallet to Kraken is a straightforward process. Follow these three easy steps to complete your transaction:
Obtain Your Kraken Deposit Addressâ
For this guide, we will be depositing some ATOM tokens to Kraken.
Open the Kraken app or visit the Kraken website and log in to your account. Click on "Explore" and then choose the cryptocurrency you want to deposit.
Tap on the 3 dots on the upper right, then tap on "Deposit".
Copy the provided deposit address and memo (if required). This is the address you will send your cryptocurrency to from Gem Wallet.
Always double check if the destination requires a memo or destination tag.
Access Your Gem Walletâ
Launch the Gem Wallet app and navigate to the wallet containing the cryptocurrency you want to send.
Tap on "Send" and then paste the deposit address you copied from Kraken into the "Recipient Address" field in Gem Wallet. Do not forget the memo field if it is required.
Send Crypto from Gem Wallet to Krakenâ
Enter the amount of cryptocurrency you wish to send. Review the transaction details to ensure everything is correct.
Double check the destination address and confirm if a memo or destination tag is required. Funds might get lost if this information is not accurate.
Tap on "Confirm" to proceed with the transaction.
Wait for the transaction to be processed. Congratulations, you have successfully sent your crypto to Kraken using Gem Wallet.
How to Receive Crypto from Kraken to Gem Walletâ
Receiving cryptocurrency from Kraken to your Gem Wallet is a simple process. Follow these three easy steps to complete your transaction:
Obtain Your Gem Wallet Addressâ
For this guide, we will be withdrawing some SOL tokens from Kraken.
Launch the Gem Wallet app and navigate to the wallet where you want to receive the cryptocurrency. Tap on "Receive".
Copy the provided wallet address or scan the QR code. This is the address you will use to receive cryptocurrency from Kraken.
Access Your Kraken Accountâ
Open the Kraken app or visit the Kraken website and log in to your account. Click on "Portfolio" and then choose the cryptocurrency you want to withdraw.
Before you can withdraw your crypto from Kraken, an address needs to be whitelisted first. Paste the Gem Wallet address you copied in Step 1 into the "Address" field.
Send Crypto from Kraken to Gem Walletâ
After sucessfully adding an address, you can now proceed with withdrawing crypto from Kraken. Select your withdrawal address.
Enter the amount of cryptocurrency you want to send then tap on "Review". Review the transaction details to ensure everything is correct. "Swipe to the right" in order to begin the withdrawal process.
Wait for the transaction to be processed. You can monitor the status on both Kraken and Gem Wallet.
Congratulations, you have successfully received crypto on your Gem Wallet from Kraken.