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How to Transfer From Coinbase to Kraken

With Coinbase (COIN) being sued by the SEC for offerings unregistered securities, cryptocurrency investors may be looking for alternative crypto exchanges to use instead of your Coinbase account.

Kraken exchange is a great alternative for you to transfer your digital currency to. If you’re wondering how to transfer from Coinbase to Kraken then look no further, as we’ve put together a step by step guide in order to get your started with transferring crypto assets from Coinbase to Kraken exchange.

Basics of Transferring Funds

The general process to transfer crypto between crypto exchanges is fairly simply and you only need a few things to get started. First, you’ll need your deposit address (sometimes called a destination address) from your Kraken account. This deposit address can generally be found by clicking “Deposit” next to an asset you’re looking to transfer. Your Kraken deposit address will be different for each asset, meaning that your Bitcoin wallet address is different than a Bitcoin Cash (BCH) wallet address. Similarly, your Kraken wallet address is different than your Coinbase wallet address, even for the same asset. This means your Bitcoin wallet address on your Coinbase account is different from the one on your Kraken account.

If you’re ready to transfer Bitcoin from Coinbase to Kraken, follow the steps below.

Step-by-Step Guide: How to Transfer from Coinbase to Kraken Account

The first step to transfer Bitcoin or other digital assets from Coinbase to Kraken is to log in to your Kraken account by clicking “Sign In” in the upper right corner of the site. If you haven’t made an account with Kraken, then you’ll need to do that first. Once you’re logged into the Kraken platform, click the “Transfers” tab on the left side of the dashboard.

Coinbase kraken 1

You’ll then see Kraken’s interface for sending Bitcoin or any other cryptocurrency to or from Kraken. You can toggle between the deposit button and withdrawal button to switch between sending and receiving assets with your Kraken account. You can use the drop down menu to switch between different cryptocurrencies.

Kraken coinbase image 2

In order to send Bitcoin from Coinbase to Kraken (or any other supported asset), you’ll need to get your BTC address from Kraken by clicking “Generate Deposit Address”. You’ll need to specify whether you’re using the main Bitcoin network, or the Lightning Network. However, the Coinbase platform doesn’t support use of the Lightning Network, so you’ll have to choose the main Bitcoin network. Different exchanges may also support the Lightning Network.

kraken coinbase image 3

After you generate a new address, you’ll be shown the above image. You can either copy your deposit address to your clipboard, or scan the QR code using your mobile device. This process is the same for mobile accounts. You’ll also see the minimum number of the crypto asset you can deposit, the deposit fee depends on the asset but should be zero as it is for transferring Bitcoin to Kraken.

Now that you have your Bitcoin deposit address, open a new tab and go to the Coinbase website, or open the app on your mobile device. Log in to your Coinbase account using the “Sign In” button in the upper right corner. Then click the “Send & Receive” button in the upper right corner.

kraken coinbase image 4

You’ll then see the below pop up, where you can choose what asset to transfer from Coinbase to Kraken. You can toggle between sending and receiving, with the latter generating a Coinbase wallet address that you could use if you want to transfer funds to a Coinbase address rather than from it. Enter the amount of funds tou want to transfer from Coinbase to Kraken, then paste the BTC address you got from Kraken into the “To” field seen in the below image. If using the Coinbase mobile app simply scan the QR code that’s on Kraken in order to enter the address. If the transaction details look correct, click “Continue”.

kraken coinbase image 5

You’ll then have one final confirmation to double check everything is correct. Be sure to double check the wallet address you entered is the correct tag, especially if this is a new address. Some exchanges will generate a new address every time, meaning you could use an expired deposit address if you’re not careful. You can also enter other details such as a note. Assuming all the information is correct, press “Send Now”. Go back to the previous step to make any changes.

kraken coinbase image 6

The amount of time it will take to transfer Bitcoin from Coinbase to Kraken depends on how much you want to transfer and network congestion, but valid transactions should take no more than about 10 minutes. When there is a successful completion of your deposit you’ll receive an email from both Kraken and Coinbase. Once you get the confirmation email you’ve successfully transferred Bitcoin from Coinbase to Kraken.

Are there Fees to Send Crypto from Coinbase Account to Kraken?

Yes, there is a withdrawal fee charged by Coinbase for sending Bitcoin to Coinbase (or any other asset). Other platforms may support the Lightning Network for transferring Bitcoin, which has lower fees than the main network and is less likely to suffer from network congestion, which means you’ll wait longer if using the main network.

What Happens if You Don't Receive Your Coins?

Double check that you entered all the details correctly, then email the support team for further help. It’s especially important with crypto to make sure you have the correct address in place because there are situations where you will not be able to recover funds.

What About Transferring Ethereum from Coinbase to Kraken?

The process for transferring Ethereum from Coinbase to Kraken is the same, you simply generate an ETH address on Kraken instead. In fact the process will be the pretty much the same for any cryptocurrency including Solana, Cosmos, Polygon and many others.

There will be a few more differences when you are sending to a private wallet but exchanges make it easy to send between each other and the staff can assist you in certain cases.

How Long Does it Take to Send Bitcoin? What About Ethereum?

Sending Bitcoin from Coinbase to Kraken should take about 10 minutes, ETH should be similar.

It’s worth noting that Bitcoin is one of the slowest crypto networks so it tends to take the longest. Ethereum is twice as fast while coins like Solana and Cosmos are lightning fast.

It takes a little longer on exchanges, however, as the exchange takes some time to make sure each transaction is legitimate.

Frequently Asked Questions About Transferring from Coinbase to Kraken

Under “Transactions” on Kraken, or under “My Assets” on Coinbase.

If you used a Bitcoin Cash address or other address by mistake, there is likely nothing that can be done.

Yes, Coinbase charges withdrawal fees for crypto. The amount depends on the asset and how much of it you’re sending.

Yes. In fact it’s recommended to avoid leaving large amounts of crypto on exchanges as you have less control over it.

Yes. One of the key elements of crypto is that it’s completely transferable. You can transfer between all major exchanges.

The only exception is the crypto on banking apps like SoFi where you actually just own an IOU for crypto. Therefore the only way to get crypto off those platforms is to sell it and use the fiat to buy crypto on another exchange.

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