How to Sell Crypto & Withdraw Money from Kraken to Bank

MoneyZG

Cashing Out Crypto on Cracken

To cash out crypto on Cracken, follow these steps:

  • Find the "Withdraw Cash" icon on the web app or phone app
  • Choose the currency to withdraw and add bank details
  • Select the banking system (e.g. SWIFT, SEPA, ACH, Faster Payments)
  • Enter bank account details (account number, sort code, IBAN, etc.)
  • Note: The name on the bank account must match the name on the Cracken account

Sending Assets to Cracken

To send assets to Cracken:

  • Go to the wallet and press the asset to send (e.g. ETH, BTC)
  • Scan the QR code or enter the wallet address
  • Confirm the send

Trading on Cracken Pro

To trade on Cracken Pro:

  • Go to the web app and press "Cracken Pro"
  • Log in with the same account details
  • Find the fiat currency trading pair (e.g. BTC/USD, ETH/GBP)
  • Place a market order or limit order
  • Note: Market orders have slightly higher trading fees (40 basis points)

Withdrawing Fiat Currency

To withdraw fiat currency:

  • Go to the "Withdraw" tab
  • Choose the fiat currency to withdraw
  • Select the banking system and add withdrawal account details
  • Confirm the withdrawal
  • Note: A deposit may be required to verify the bank account before withdrawal.