Migrate from Binance to Kraken: the complete guide

Verified on 12 July 2026

To migrate from Binance to Kraken: open a verified Kraken account, get the deposit address for each crypto, then withdraw from Binance choosing exactly the same network (and the memo/tag if required), starting with a small test send. A network mistake or a forgotten memo can lead to loss of funds.

Transferring your crypto from Binance to Kraken, step by step

  1. 1

    Open and verify your Kraken account

    Create a Kraken account (with the referral code if you're after the bonus) and complete the intermediate-level identity verification, required for deposits and withdrawals.

  2. 2

    Get the Kraken deposit address for the crypto

    In Kraken, go to "Deposit", select exactly the crypto to receive (BTC, ETH, SOL…), choose the network offered, then copy the address and the memo/tag if one is shown.

  3. 3

    Start the withdrawal from Binance on the same network

    On Binance, choose to withdraw the same crypto and select the network identical to that of the Kraken address. Paste the address (and the memo/tag). Double-check before confirming.

  4. 4

    Do a test send first

    Send a small amount, wait for it to arrive on Kraken (a few minutes to a few tens of minutes depending on the network), check it, then send the rest. The few cents of fees are insurance against a costly mistake.

  5. 5

    Confirm receipt and repeat if needed

    Once the funds are credited on Kraken, repeat the operation for each crypto to migrate. Remember that every transfer is irreversible once confirmed on the blockchain.

The transfer mistakes you must absolutely avoid

Network mistake

The network chosen when withdrawing on Binance must be identical to that of the Kraken deposit address. A send 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 (XRP, XLM, and other tokens depending on the chain) require a memo or tag in addition to the address. Forgetting it can make the funds unrecoverable. Always copy and paste the memo whenever Kraken displays one.

Should you transfer your crypto or sell everything?

Selling on Binance then withdrawing euros is simpler, but it triggers a disposal (potentially taxable) and selling fees. Transferring your crypto directly avoids the disposal but demands care. This guide covers the direct transfer, generally preferable if you intend to keep your assets. For context, see our Binance alternative page.

What about the Kraken referral bonus?

The Kraken bonus depends on a transfer deposit and a purchase volume of crypto, not on a simple incoming transfer. If you're after it, plan for a SEPA deposit and a purchase of at least €200 on top of your migration.

Need the referral code? Open your Kraken account with the verified code and find the bonus terms.

See the Kraken referral code

Investing in crypto-assets carries a risk of partial or total loss of capital. Past performance is no guarantee of future results.