How to Withdraw XMR From Kraken

Withdrawing Monero from Kraken needs three things: a wallet address you control, that address saved in Kraken's withdrawal list, and about twenty minutes of patience. Kraken still supports XMR for customers outside the European Economic Area. EEA accounts lost Monero trading on 31 October 2024 and their withdrawal window closed on 31 December that year, so there is nothing left there to move.

The steps

Open a Monero wallet first - the official Monero GUI on a computer, or Cake Wallet on a phone - and copy its receiving address. In Kraken, go to Funding, find XMR, choose Withdraw, add that address as a new withdrawal address and confirm it from the email Kraken sends. Enter the amount, check the network fee shown, and submit. Kraken should ask for your two-factor code; if your account has no second factor on withdrawals, set one up before you move anything at all.

Which address formats Kraken accepts

A standard Monero address starts with a 4 and runs 95 characters. A subaddress - a disposable address your wallet generates for a single payment - starts with an 8. Kraken takes both, and also an integrated address, which is a 4-address with a 64-character payment ID built into it. What it does not accept is the old short format with a 16-character payment ID appended. When Kraken refuses an address, that mismatch is almost always the reason.

How long it takes

Kraken queues the withdrawal and broadcasts it, and Monero blocks arrive roughly every two minutes. Your wallet will show the balance quickly but keep it locked for ten confirmations, about twenty minutes, before you can spend it. That lock is normal - rather like a cheque clearing - and not a sign of a stuck transaction.

Send a small test amount first, confirm it lands, then move the rest: a second network fee costs far less than a mistyped address, which nobody can reverse for you. Test transactions explains the habit, and which exchanges still list Monero covers where it can be traded next.