Want to move your crypto from Kraken to Binance? The process isn't complicated, but there are some key details to watch out for to ensure your funds arrive safely. This article provides the complete step-by-step instructions.
First, you'll need a Binance account. If you don't have one, register a Binance account first. We recommend getting the Binance APP for easier mobile operation.
Preparation Before Transferring
- Make sure your Binance account has completed identity verification (KYC)
- Confirm that Kraken's withdrawal function is working properly
- Decide which cryptocurrency to transfer (mainstream coins like USDT, BTC, ETH are recommended)
- Verify that both platforms support the transfer network (chain) you plan to use
Step 1: Get Your Deposit Address on Binance
- Open the Binance APP or website
- Click "Deposit"
- Search for and select the coin you want to deposit (e.g., USDT)
- Select the transfer network — this is the most critical step. Common choices:
- For USDT, TRC20 is recommended (low fees, fast speed)
- For BTC, only the BTC network is available
- For ETH, you can choose ERC20 or Layer 2 options like Arbitrum
- Copy the deposit address (make sure to copy it completely — never type it manually)
- If there's a MEMO/TAG, copy that as well
Step 2: Initiate Withdrawal on Kraken
- Log into your Kraken account
- Go to "Funding" > "Withdraw"
- Select the coin to withdraw
- Click "Add Address" to add a new withdrawal address
- Paste the deposit address you copied from Binance
- Confirm the network matches what you selected on Binance
- Enter the withdrawal amount
- Complete security verification (2FA, etc.)
- Confirm the withdrawal
Step 3: Wait for Arrival
- TRC20 (USDT): Usually arrives within 1–5 minutes
- BTC network: Usually requires 2–6 block confirmations, about 20–60 minutes
- ERC20: Usually 5–30 minutes
- Binance will send a notification once the deposit arrives
Step 4: Confirm Receipt
- Check the status under Binance's "Wallet" > "Deposit History"
- Verify the amount and arrival time
- Once arrived, you can start trading on Binance
Money-Saving Tips: Choosing the Right Network
Fee differences between networks are significant:
| Network | USDT Fee (approx.) | Arrival Time |
|---|---|---|
| TRC20 | 1 USDT | 1–5 min |
| ERC20 | 5–20 USDT | 5–30 min |
| BEP20 | 0.5 USDT | 1–3 min |
| SOL | 0.1 USDT | 1–2 min |
Note: Kraken and Binance may not support all networks. Check that both platforms support your chosen network before initiating the transfer.
Security Precautions
- Networks must match: The network selected for Kraken withdrawal must be exactly the same as the one selected for Binance deposit. Otherwise, funds may be permanently lost.
- Test with a small amount first: For your first transfer, send a small amount to confirm it arrives successfully before transferring larger sums.
- Double-check the address: A single wrong character in the address will result in lost funds. Never type addresses manually.
- Watch for MEMO/TAG: Certain coins (like XRP, EOS) require a MEMO or TAG. Missing this may result in funds not arriving.
- Note minimum withdrawal amounts: Kraken may have minimum withdrawal limits.
FAQ
Q: How long does it take to arrive on Binance after withdrawal? A: It depends on the network chosen and blockchain congestion — typically a few minutes to one hour.
Q: Can I cancel a transfer midway? A: Once a blockchain transaction is broadcast, it cannot be canceled. Make sure everything is correct before confirming.
Q: The transfer arrived but doesn't show on Binance? A: It may still be awaiting confirmation. Wait for the required number of block confirmations. If it hasn't arrived after a long time, contact Binance support with the transaction hash (TxID).
Summary
Transferring crypto from Kraken to Binance isn't difficult. The key points are: choose the right network, carefully verify the address, and test with a small amount first. Follow the steps in this guide to complete your transfer safely.
Don't have a Binance account yet? Register for Binance now.