Sending Stablecoins (USDT & USDC) from Kraken to Raenest

International payments move at different speeds depending on how they’re sent. While bank transfers can take days and card settlements often come with delays, stablecoins allow value to move and settle faster, all while staying tied to the US dollar.

Because of this, Raenest supports receiving stablecoins. It gives individuals and businesses a quicker way to get paid internationally, with clearer timelines and fewer waiting periods. So, if you’re using Kraken to send USDT or USDC into your Raenest account, this guide walks you through what to expect and how to complete the process correctly.

Why you should receive stablecoins with Raenest

• Enjoy 4 free deposits every month
• You sidestep price swings common in many cryptocurrencies.
• Funds can land in your account in moments without traditional banking delays.
• The stablecoins are immediately converted into USD at a 1:1 rate.

How to send stablecoins to Raenest from Kraken

Sending stablecoins from Kraken into your Raenest account is straightforward and secure. Follow these steps carefully to ensure a smooth transfer.

1. Create your Raenest account

Download the Raenest app or visit the Raenest website to get started.

2. Create your stablecoin wallet

Log in to the Raenest app, navigate to the Accounts tab, and select your USD account. If you don’t already have a USD account, you may need to complete a short questionnaire to get started.

Within your USD account, select either USDC or USDT to generate a unique wallet address. This address is where your stablecoins will be sent. Copy this address carefully, it’s unique to your account.

3. Initiate the transfer from Kraken

Log in to your Kraken account. From the dashboard, select Funding, then choose Withdraw and click Withdraw Crypto.

Select the stablecoin you want to send, either USDT or USDC.

If you have not withdrawn to Raenest before, Kraken will require you to add a new withdrawal address. This involves pasting the wallet address, selecting the correct network, and completing Kraken’s security confirmation before the address can be used.

Next, select the blockchain network. Kraken only allows withdrawals on supported networks for each asset. You must ensure the network selected on Kraken exactly matches the network of the Raenest wallet address you generated.

4. Confirm and send

Enter the amount you want to send. Carefully review the withdrawal summary, including the wallet address, selected network, withdrawal amount, and Kraken’s withdrawal fee. Cryptocurrency transactions are irreversible.

Once confirmed, Kraken will require you to complete mandatory security verification. This typically includes email confirmation and two-factor authentication. After verification, Kraken will broadcast the transaction to the blockchain.

5. Funds arrival and conversion

Once the transfer is confirmed on the blockchain, your funds will appear in your Raenest account. Transfers typically take 1 to 20 minutes, depending on the network used. Raenest automatically and instantly converts the received stablecoins to USD at a 1:1 rate, so your funds are ready to use immediately.

6. Fees

Currently, the first four stablecoin deposits are fee-free, allowing you to receive funds at no extra cost. Learn more about our fees here.

Receiving stablecoins into your Raenest account offers a reliable way to accept international payments without the delays that often come with traditional channels. Receive payments in stablecoins with Raenest today. Terms and conditions apply.