How to withdraw USDT from Kraken to Walletium

A Simple Way to Move Your Tether 🛡️

USDT (Tether) is a key stablecoin on Kraken, ideal for trading between crypto and fiat currencies. It offers pairs like USDT/USD and USDT/EUR, with maker fees as low as 0.00% and taker fees up to 0.20%, depending on 30-day trading volume.

Kraken provides a secure and efficient platform for managing USDT. On December 2, 2024, over 444 million USDT was purchased on Kraken, highlighting its popularity and trust among users.

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To transfer USDT from Kraken to Walletium, follow these steps:

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Step 1: Set Up Your Wallets

1. Open both your sending and receiving wallet applications ( Kraken and Walletium ).

   Ensure that you have an existing address on the corresponding blockchain for receiving assets in your Walletium, or create a new deposit address if needed.

The most important thing is to make sure both platforms support the same asset on the same network. This is especially crucial for USDT, since it operates on multiple blockchains.

List Of Existing Addresses

New Deposit Address Creation

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Step 2: Copy the Receiving Address

1. Find the USDT address where you want to receive funds in the Walletium's address list, and copy it completely. Double-check to ensure it is copied correctly.

Deposit Address Public Key

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Step 3: Initiate a Withdrawal on Kraken

1. Log in to your Kraken account and ensure you have USDT or the cryptocurrency you want to withdraw in your account with sufficient funds.

1. Go to the Wallet section, find USDT in your list of balances, and click Withdraw (Step 1.).

1. Select the appropriate network (e.g. Ethereum ERC-20) that will be used for the transaction, which must be used within Kraken (Step 2. and Step 3.). Once that is done, copy the Walletium wallet address using the QR code or click on the copy icon. This will be the address that will receive the crypto sent from Kraken.

1. In Kraken, select Add a wallet address and paste the copied address from Walletium. You can also provide a description to label the wallet address for easier identification in future transfers. Once done, click Add withdrawal address (Step 4.).

Kraken will send a verification email with a link to confirm the wallet address. This security measure ensures that only the account owner authorizes the addition of new withdrawal addresses.

1. The next step is to select the withdrawal category (Step 5.). Select the network (Step 6.). You can choose to withdraw either the maximum available balance or a custom amount. For USDT on Kraken, there’s a minimum withdrawal amount of 5 USDT. USDT quantities below this amount cannot be transferred out of the exchange.

Also, note that Kraken would deduct transaction fees from the minimum amount withdrawn. For instance, if the user withdraws 5 USDT, the recipient would receive 2.5 USDT after the USDT transaction fee of 2.5 USDT is deducted.

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Step 4: Complete the Transfer

1. Review the transaction details, including the recipient wallet address, withdrawal amount, transaction fee, and the net amount to be received. Ensure all information is correct. In this case click the button titled Withdraw 2.5 USDT (Step 8.) . to finalize the transaction. Wait for it to be processed on the blockchain. Processing times vary depending on network congestion.

2. You can check the status of your USDT transfer in the Funding section under Withdrawal History. Transfer speed depends on network load and confirmation times. Once completed, confirm the USDT balance in your Walletium. A notification will appear in the Walletium's Push History when the transfer is processed.

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