Trading cryptocurrency to a bank card via Kraken requires the following steps: Create a Kraken account and connect your bank card. Sell your cryptocurrencies. Withdraw funds to connected bank cards.
Kraken How to Trade Cryptocurrency to Card
Step 1: Create a Kraken Account
- Visit the Kraken website and create a free account.
- Provide necessary personal information such as name, address and email.
- Complete the identity verification process to increase transaction limits and enhance security.
Step 2: Connect Bank Account
- Log in to your Kraken account and navigate to the Funding tab.
- Select your card type, enter your card information, and follow the prompts to complete the link.
Step 3: Sell Your Cryptocurrency
- Navigate to Kraken’s “Trade” tab.
- Select the cryptocurrency you want to sell and the fiat currency you wish to trade (e.g. USD, EUR).
- Enter the amount you want to sell and click "Sell".
Step 4: Withdraw funds to bank card
- Go to Kraken’s “Funding” tab.
- Select the "Withdraw" tab.
- Select your connected bank card as the withdrawal method.
- Enter the amount you want to withdraw and click "Withdraw".
Note:
- Transaction fees vary based on cryptocurrency type, trading volume and market conditions.
- Withdrawals may take a few days to arrive, depending on your bank and processing times.
- Kraken may conduct additional review of large transactions to ensure anti-money laundering and anti-fraud measures.
- Before making any transactions, you are advised to read Kraken’s terms and conditions carefully.
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