We've all heard that storing your funds on an exchange is risky. Exchanges have been hacked, exchange founders have died or disappeared and the keys to the funds have been lost, and authorities have even seized assets. If you want to protect your funds, you need to hold them yourself.
If you're ready to upgrade to Casa's vault protection and have set up your Casa vault, you're ready to send the funds from your Kraken account to your Casa vault. This process is essentially the same as you would follow to send funds anywhere else from your Kraken account.
This procedure may change from time to time, so if any of the below is outdated, please be sure to check Kraken’s own support page here:
How to withdraw cryptocurrencies from your Kraken account
The images displayed in the instructions below are taken from kraken.com.
1. Sign into Kraken
Once you enter your username, password, and Sign-in 2FA code (and confirm your device by email if necessary) on the sign-in page, you’ll be on your homepage.
2. Click the "Funding" tab at the top, then the "Withdraw" button
3. Click the "Withdraw" button and select the currency you want to withdraw from the pop-up
4. Get your receive address from the Casa app
Sign into your Casa app on your mobile device. Tap the vault you want to deposit to.
Click the "Deposit Funds" button (if this is your first deposit) or the "Receive" button (if you have made previous deposits) at the bottom. Click the "Copy" button to copy your receive address.
5. Back on Kraken, click the "Withdraw" button and, if applicable, the relevant network. (The Casa app does not support Lightning network withdrawals at this time.)
Example image from Kraken.com showing BTC withdraw flow
6. Click "Add a new withdrawal address." Give your address a unique description, then enter your receive address from your Casa app into Kraken
You'll need to use an app that you can access on both your mobile device and your computer, like Signal, Wire, or Telegram. Send the copied Casa deposit address to yourself from your mobile phone, then copy it on your computer, then paste the address into Kraken. Verify the address by clicking the link in the email Kraken will send you.
7. Enter the amount you want to withdraw, or click the "100%" button to withdraw your whole balance
Example image from Kraken.com showing BTC withdraw flow
8. Send!
Click the "Withdraw" button at the bottom and review the details.
If everything looks correct, click "Continue." If you have Funding 2FA set up, you may need to enter that code.
Your funds will now be on their way to your Casa vault!