How To Transfer USDT From Kraken To Bank Account?

Moving your USDT (Tether) from Kraken to your bank account might seem confusing at first, but don’t worry. This guide walks you through the process step by step, making it easy to understand and apply. Whether you’re cashing out profits or shifting funds for convenience, we’ll show you exactly how to transfer USDT from Kraken to your bank account.

Key Takeaways

• Transferring USDT (Tether) from Kraken to a bank account requires converting USDT to fiat first.
• You can withdraw fiat via bank transfer methods like SWIFT or SEPA (depending on your location).
• Make sure your bank supports crypto-related transactions to avoid rejections or holds.
• Kraken is one of the most trusted exchanges for smooth, compliant fiat withdrawals.

Can I Withdraw USDT Directly to My Bank?

No, you can’t withdraw USDT directly to a bank account, because banks don’t support stablecoins or any crypto tokens natively.

What you need to do instead:

1. Convert USDT to a fiat currency (like USD, EUR, GBP) on Kraken.
2. Withdraw the fiat balance to your bank account via a supported payment method.

Let’s break this down step by step.

📚Related: How to Convert USDT to USD on Crypto.com [Updated Steps]

Step-by-Step Guide to Transfer USDT from Kraken to Bank Account

Step 1: Verify Your Kraken Account

Before anything else, ensure your Kraken account is fully verified. You can’t initiate fiat withdrawals without passing this step. What You’ll Need:

• A government-issued ID
• Proof of address
• Personal details (full name, date of birth, etc.)

Go to Settings → Get Verified to check your status.

Step 2: Convert USDT to Fiat Currency

Kraken does not allow direct withdrawals of USDT to bank accounts. Therefore, you need to convert your USDT into a fiat currency (like USD, EUR, etc.) first. Here’s how:

• Log in to your Kraken account.
• Go to the “Trade” tab.
• Choose to Convert USDT → USD (or EUR, GBP, etc.).
• Place a Sell order to convert your USDT into fiat currency.

Step 3: Withdraw Fiat Currency to Your Bank Account

Once you have converted your USDT into fiat currency, you can proceed with the withdrawal:

1. Go to the Funding tab in your Kraken dashboard.
2. Click on Withdraw and select your fiat currency (e.g., USD).
3. Add your bank account details if it’s your first time. Make sure the name on the bank account matches your Kraken account.
4. Enter the amount to withdraw.
5. Choose a withdrawal method (ACH, wire transfer, etc.).
6. Confirm the transaction and complete any two-factor authentication (2FA).

Step 4: Wait for Processing

After confirming your withdrawal, it may take anywhere from a few hours to 5 business days for the funds to appear in your bank account, depending on the chosen withdrawal method and your bank’s processing times.

What About Fees?

Kraken charges both conversion and withdrawal fees. These vary depending on:

• The currency
• The withdrawal method
• Your account type and location

Always check the Kraken fee schedule before confirming.

Things to Double-Check Before Withdrawing

• Is your bank crypto-friendly? Some banks may block transfers from exchanges.
• Do your names match? Kraken account name and bank account holder must be the same.
• Have you completed verification? Full KYC is required for fiat withdrawals.

What If I’m Using a Non-Kraken Wallet?

If your USDT is not yet on Kraken:

1. Send your USDT to your Kraken deposit address.
2. Wait for the deposit to clear (usually within minutes).
3. Then follow the steps above to convert and withdraw.

⚠️ Always triple-check your Kraken USDT address before sending from an external wallet.

Keep Your Kraken Funds Safe

Before and after your transfer, consider these safety practices:

• Enable 2FA on your Kraken account.
• Never share your login credentials.
• Be cautious of phishing emails pretending to be from exchanges or banks.
• Avoid using public Wi-Fi for managing crypto transactions.

Real-World Example: USDT to USD via Kraken to Bank

Let’s say you want to transfer $2,000 in USDT from Kraken to your US bank:

1. Convert $2,000 USDT to USD on Kraken.
2. Withdraw USD via SWIFT to your linked bank.
3. Kraken charges ~$4–10 in fees, and your bank might add fees too.
4. You receive ~$1,990–$1,995 in your bank in ~2–3 days.

👍 Most users report reliable withdrawals when proper compliance steps are followed.

Need Help? Contact Us!

If you’re having trouble transferring USDT from Kraken to your bank account, our team is here to help. Contact Us for instant assistance and guidance throughout the process.

Final Thoughts

Transferring USDT from Kraken to your bank account is a straightforward, secure process when you know what to expect. Always verify your account first, convert your crypto into fiat, and then make your withdrawal with confidence.

For the smoothest experience, follow this guide closely—and don’t hesitate to reach out if you need help.

📚Related: Common Reasons for USDT Deposit Holds