Migrating Your Coins From Kraken

By Kirsty Moreland

With a Ledger hardware wallet, your private keys (which give access to your wallets) will be stored in a secure chip on the device, rather than entrusting it to a third party, such as a cryptocurrency exchange, or keeping them on a computer where it is vulnerable to hacks or physical failure.

If you have already set up your Ledger device, you are a few steps away from securing your crypto assets:

1. In Ledger Live, create an account for the crypto you wish to secure
2. Go on this account and click on the Receive button. Open the corresponding app on your Ledger device and verify the address shown on your device. If it corresponds to the address on Ledger Live, click on “Copy Address”
3. Sign into Kraken with your login details and select “Funding” > “Withdrawal”
4. Choose the crypto asset you want to use, enter the address copied earlier and the amount to send. Verify that the address is correct. Once verified, click on “Confirm withdrawal”

Well done! Once your transaction is validated in the blockchain, your crypto assets will appear on your Ledger Live account.