Transfer your crypto from Binance to Kraken safely
To transfer your crypto from Binance to Kraken without a mistake: copy the Kraken deposit address for the right crypto, choose the same network on both sides, add the memo/tag when required, and do a small test send first. A network mistake or a forgotten memo can lead to loss of funds.
Should you transfer your crypto or sell everything?
There are two options. Selling on Binance then withdrawing euros is simpler but can trigger tax on your capital gains and makes you pay selling fees. Transferring your crypto directly to Kraken avoids a disposal but requires technical care. This guide covers the direct transfer, generally preferable if you intend to keep your assets.
First step: your Kraken account
Before any transfer, create a Kraken account and complete identity verification. You can use the Kraken referral code at sign-up to aim for the welcome bonus, note that the bonus depends on a transfer deposit and a purchase volume, not on a simple incoming transfer.
How do you get the right deposit address on Kraken?
- In Kraken, go to 'Deposit' and select exactly the crypto you want to receive (e.g. BTC, ETH, SOL).
- Choose the network offered (e.g. Bitcoin, Ethereum/ERC-20, Solana).
- Copy the deposit address, and the memo/tag if one is shown.
- Never reuse an address from another crypto: each crypto has its own.
Which transfer mistakes must you absolutely avoid?
Network mistake
The network chosen on Binance (for withdrawal) must be identical to that of the Kraken address (for deposit). Sending on a network that Kraken does not support for that address can lead to the permanent loss of funds. When in doubt, favour the crypto's native network.
Forgotten memo / tag
Some cryptos (for example XRP, XLM, and sometimes tokens on certain chains) require a memo or tag in addition to the address. Forgetting it can make the funds unrecoverable or require a lengthy support process. Always copy and paste the memo whenever Kraken displays one.
How do you secure a large first transfer?
Always do a test send: transfer a small amount first, check that it arrives on Kraken (a few minutes to a few tens of minutes depending on the network), then send the rest. The few cents of extra withdrawal fees are cheap insurance against a mistake worth several hundred euros.
- Anticipate Binance's withdrawal fees, which vary by crypto and network: sometimes a cheaper alternative network is available (provided Kraken supports it).
- Check the minimum withdrawal amount on the Binance side.
- Note that the transfer is irreversible once confirmed on the blockchain.
This migration is part of a wider shift: see why so many users are changing platforms on our Binance alternative after MiCA page.
Ready to open a Kraken account? Find the verified referral code and all the bonus terms.
See the Kraken referral codeInvesting in crypto-assets carries a risk of partial or total loss of capital. Past performance is no guarantee of future results.