Blog posts, Product | 12/12/2018

Migrating Your Crypto Assets From Kraken

In this article, we will discuss how to send crypto assets from a Kraken account to a Ledger device.

You have recently gotten a Ledger device to protect your cryptocurrencies or perhaps you are considering to acquire one. 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 and have created accounts on Ledger Live, you are only 3 steps away from securing your crypto assets:

  1. In Ledger Live, click on the Receive button of the crypto assets you wish to use. Connect your Ledger device to your computer an open the desired app.

    Verify the address shown on your device and if it corresponds, click on “Copy Address”
  2. Sign into Kraken with your login details and select “Funding” > “Withdrawal”
  3. 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.

Find our video detailing the steps above here:

Need help creating an account on Ledger Live? Check this video:

If you have any questions or difficulties regarding transferring your crypto assets, please contact our support – we will gladly help you!
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