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Kraken ethereum deposit

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If you want to trade larger volumes you need to register passport details and utility bills to prove your address. Once you have levelled up your tiers to the required level for what you want to do, you can deposit Ether, Bitcoin or fiat currency. Kraken gives very easy to follow instructions on how to deposit with them which involves generating an address for your funds to be sent from.

In the case of Ethereum and having used our guide on how to create an ethereum transaction — you have to modify the transaction slightly as shown here. Once you have done this the Ethereum should show up in your account after a bit of time.

Just be patient. Once your transaction has been confirmed by the network and sufficient time has passed you are now able to trade. To work out the best price you can use our combined trading platform to see what the rest of the market is doing — for example you might see that Poloniex trades are at a discount to Kraken or Vice Versa.

You can then check out the orderbook on Kraken and see where people are willing to sell Ethereum at and buy it at — the bid is where they want to buy and the ask is where people want to sell it. You can place an order to sell Ethereum at whatever price you wish — if you enter it above the highest bid and below the lowest ask then your order is most likely to be the first order executed.

There are other exchanges that offer Ethereum too. A new page will open, with all the available verification tiers and its specifications. You need at least Starter verification to deposit funds on your Kraken account. On the bottom of the page, you will be able to import all of the required information to obtain the wanted verification tier. Deposit fiat Besides regular cryptocurrency deposits, Kraken is one of the few exchanges that also supports five fiat currency deposits.

In order to make your deposit, go to the navigation bar at the top of the website and click Funding. A new page will open, with a default list of all available fiat currencies to deposit, and an additional list, after checking the "Show all assets" box, of all cryptocurrencies available to deposit. A new page will open from which you can choose between four different deposit methods that appear in the drop-down menu.

Take into consideration that SEPA deposits usually have lower fees. Once you select your deposit method, in this case, SEPA, be sure to double check all of the payment information that you'll be using, especially the Referrence number, which identifies your deposit with your account, before transferring the wanted amount of fiat currency. Tip 1: For your first deposit, it is recommended to start with a small amount just to be safe.

Once the small amount reaches your Kraken account, you can proceed to deposit the amount you would actually like to use for trading. Please take into consideration that it can take up to a few days before your fiat amount reaches your Kraken account. Both have trading pairs with all cryptocurrencies listed on Kraken and therefore give you the greatest amount of flexibility.

In order to make your deposit, go to the navigation bar at the top of the website and click on Funding. A new page will open. You'll need to have the "Show all assets" box checked up for viewing the list of all available cryptocurrencies to deposit.

Select the cryptocurrency you wish to deposit by clicking on it. The website will provide you with a generator that you will use to create a new deposit address for the cryptocurrency you selected. Click on Generate New Adress. The address will be a string of numbers and letters both lowercase and uppercase. Copy the address in its entirety and go to your wallet of choice.

Send the amount you wish to deposit to the address you copied. It is quite common for the transaction to take up to half an hour to complete, so don't expect the funds to be available on your Kraken account instantly. Tip 3: Depositing funds from one exchange to another can sometimes be limited by restrictions. We strongly advise you to deposit directly from your wallet.