How to exchange Bitcoin to USD on Kraken?

How to exchange Bitcoin to USd on Kraken crypto exchange

Welcome, 

here we will describe how to exchange Bitcoin to USD on Kraken.

The reason for exchanging Bitcoin for USD can be many but as a few examples you might want to withdraw your USD to a bank account or buy another cryptocurrency.

Kraken is among the most secure cryptocurrencies and recently they received a US bank license.

  1. Register with Kraken
  2. Sign in and deposit Bitcoin to Kraken
  3. Exchange Bitcoin to USD on Kraken
  4. Withdraw USD from Kraken to bank account
This is a step-by-step guide for Kraken exchange. If you are interested in other information regarding Kraken, we recommend our Kraken review.

How to Create an Account with Kraken?

To register with Kraken is a simple process.

Click on our link to get to Kraken.

Once there, click “Get Started”

How to create an account with Kraken

Sign in and deposit Bitcoin to Kraken

When you have created an account with Kraken you should sign in and deposit Bitcoin to your account.

First, click on Funding in the header menu.

In the screenshot below, you can see the red marked square where you should click.

 

Depsoit Bitcoin to Kraken screenshot

When you have clicked on Deposit you will see the next screenshot.

From here, you want to click “Generate New Address” as marked with red in the screenshot below.

Follow the simple steps to create a Bitcoin deposit address to your Kraken wallet.

 

How to Exchange Bitcoin to USD on Kraken?

So, now you probably have Bitcoin deposited to your Kraken account and you want to exchange them for USD.

How can you exchange your Bitcoin to USD on Kraken?

First, click on Trade in the header menu

Here, you want to do the following steps

  1. Make sure you have the right currency pair under “Market”. For Bitcoin/USd the ticker symbol should be XBT/USD as in the screenshot below.
  2. Then click on new order
  3. Click on simple
  4. Click on sell
  5. Enter amount XBT (BItcoin) to sell
  6. Choose a limit order or a market order
  7. Click on “Sell XBT for USD”
  8. Done

 

How to exchange bitcoin to USD on kraken exchange

How to withdraw USD from you kraken account?

If you want to withdraw your USD from your Kraken account you need to fulfill the following steps.

  1. Go to Funding in the header menu
  2. Search for USD and click on Withdraw
  3. Choose between SWIFT or Etana Custody
  4. Enter your bank details and follow the steps according to the Kraken guide.
You can see your daily and weekly withdrawal limit to the right. This is dependent on your verification level on Kraken.

Below, you can see all withdrawal options for USD from Kraken and the associated fees.
Kraken USD withdrawal options and fees
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