Kraken Tutorial. Welcome to our Tutorial for Kraken. The reason we are starting our tutorials with Kraken is because over the years this exchange has been a steady FIAT gateway for Crypto. You can use the Kraken Euro deposit process to top up your account with Euro and convert it to any cryptocurrency. Today we will show you how to deposit Euro, turn it into USDT and have it ready to send it to any other exchange or hot wallet (Metamask).
Step 1
Go to Kraken here. Select the sign-up option.
Step 2
Fill in your email, username and password. Also select your country of residence and do not forget to accept the terms and conditions.
Step 3
Check your e mail and click on the activation link.
Step 4
On the upright select the Kraken Pro option.
Step 5
Go directly to the upright side and select Kraken Classic.
Step 6
On the main dashboard press the Get Verified link.
Step 7
Proceed with the Intermediate verification. Fill in the details in the form and upload a copy of your passport or id.
Step 8
Once approved go to the header, select funding and then at the middle of the page select deposit.
Step 9
In the pop-up form type euro (or your national currency if other).
Step 10
In this step, fill in the exact amount you are going to deposit, and use the Bank Account details to send your wire transfer from your bank. Super important include the Reference Code of Kraken in the additional information form of your Bank for the receiver to read. This is the way Kraken will recognize your deposit.
Step 11
Once you receive an e mail that your deposit has been credited go to Kraken Pro.
Find the EUR/USDT trading pair. Select spot mode, market as the type of order and 100% as percentage of capital you will convert to USDT and the press sell. Once the order is filled just go back to the previous window and on the header select Funding.
Step 12
On the next page select withdraw and, in the popup window type USDT.
Step 13
Select withdraw, and in the network please select Ethereum as the network. Be careful to send these USDT only to an ERC-20 deposit address. This can be in another exchange or to your Metamask wallet. Copy and paste the address you will be sending your USDT to and select 100% as your withdrawal amount.
This is it; you converted your EURO into USDT you are now ready to send your USDT to your Metamask wallet or to another exchange account.
Find all of our Tutorials here.