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How to Withdraw Money from Kraken (Sell Crypto & Cash Out)

#Cryptocurrency
2025-11-07 18:579 min read

Content Introduction
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The video guides viewers through the process of selling cryptocurrency on the Kraken exchange. The speaker explains how to convert crypto into cash and withdraw it to a bank account, recommending the use of Kraken Pro for its lower trading fees. Instructions include logging into the app, selecting the right currency pairs, and executing trades for common fiat currencies like USD, EUR, and GBP. The speaker also covers how to add a bank account for cash withdrawals, emphasizing the importance of matching account names. The video concludes with tips on payment methods, including local transfers and SWIFT for international payments, and invites viewers to check the description for additional resources and bonuses.

Key Information

  • The guide demonstrates how to sell cryptocurrency on Kraken and withdraw cash to a bank account.
  • Kraken Pro is recommended due to cheaper trading fees compared to the web app.
  • Users can access Kraken Pro through the top right corner of the web app or by downloading the separate mobile application.
  • The major currencies to trade on Kraken are supported, including USD, CAD, EUR, AUD, JPY, and GBP.
  • To sell crypto, users can select the crypto they wish to sell for cash in the trading pairs section.
  • Market orders can be used for quick transactions, while the amount of cash to sell can be specified.
  • Withdrawals can be made via bank transfers, with options for local currencies when available.
  • To add a bank account, users must ensure the name matches the Kraken account, and only personal accounts can be used.
  • For international payments, ensuring a US dollar account with IBAN and SWIFT details is important.
  • Alternative banking details can be entered to facilitate payment processing.

Timeline Analysis

Content Keywords

Kraken Pro

A detailed guide on how to sell cryptocurrency using the Kraken Pro platform. It covers the steps to convert crypto to cash and withdraw to a bank account, highlighting the advantages of Kraken Pro such as lower trading fees.

trading pairs

Information on how to find and use different trading pairs available on Kraken. Users are instructed to select the cryptocurrency they wish to sell and the fiat currency they want to trade into.

withdrawal process

Instructions on how to withdraw funds from Kraken to a bank account, including how to add bank details and the types of transfers available (domestic vs. international).

fiat currencies

An overview of major fiat currencies supported on Kraken, including USD, GBP, and Euros, and the process of exchanging cryptocurrencies for these currencies.

market order

Explanation of using market orders to quickly sell cryptocurrency for a specified amount of fiat currency.

international payments

Details on transferring money internationally, including options like using the Swift network and how to ensure one has the necessary banking details for successful transactions.

local currency recommendations

Advice on selling cryptocurrencies for local currencies to facilitate faster and cheaper transfers.

Related questions&answers

How do I sell my crypto on Kraken?

You can sell your crypto on Kraken by using the Kraken Pro platform, where you can trade your crypto for cash and then withdraw it to your bank account.

What are the benefits of using Kraken Pro?

Kraken Pro offers cheaper trading fees compared to the standard Kraken platform.

How can I access Kraken Pro?

If you're using the web app, click on 'Kraken Pro' in the top right corner. If you are using a mobile device, download the Kraken Pro app from your app store.

Can I use the same account details on Kraken and Kraken Pro?

Yes, all your account details and assets will be the same across Kraken and Kraken Pro.

What should I do to sell crypto?

In Kraken Pro, navigate to the 'Trade' section on the left-hand side and select the crypto you want to sell against the cash you wish to withdraw.

What major currencies are supported on Kraken?

Kraken supports major currencies including US dollars, Canadian dollars, euros, British pounds, Japanese yen, Australian dollars, and Swiss Francs.

What is the process to withdraw cash from Kraken?

To withdraw cash, go to the 'Withdraw' section, choose 'Cash', and then follow the instructions to add your bank account.

Can I sell my crypto in my local currency?

Yes, it is recommended to sell your crypto into your local currency for lower transfer fees and ease of withdrawal.

How do I add a bank account to Kraken?

When you go to the 'Withdraw' section, you will be prompted to add your bank account details. Ensure that the name matches your Kraken account.

Can I send crypto to third-party accounts?

No, you can only withdraw funds to accounts that are under your name, as per Kraken's policy.

What type of payments can I make from Kraken?

Kraken supports international payments via the Swift network as well as local transfers depending on your region.

How long do withdrawals take?

Withdrawals can be either very quick or may take a few days, especially for international payments.

What should I do if my local currency isn't supported on Kraken?

If your local currency isn't supported, you can still make an international payment via the Swift network using USD.

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