Transferring USDT (Tether) from Kraken to a bank account isn’t a direct process—but don’t worry, it’s completely doable with a few steps. This guide shows you exactly how to convert USDT to fiat currency and withdraw funds from Kraken to your bank account safely and efficiently.
🔁 Quick Summary (TL;DR)
- Kraken doesn’t support direct USDT-to-bank withdrawals.
- First, you must convert USDT to a fiat currency (like USD or EUR).
- Then, withdraw the fiat amount to your linked bank account.
- Fees and processing time vary by method.
Step-by-Step: How to Transfer USDT from Kraken to a Bank Account
✅ Step 1: Verify Your Kraken Account
Before anything else, make sure your Kraken account is fully verified. This typically includes submitting:
- A government-issued ID
- Proof of address
- Personal information
🔗 Check your verification level on Kraken
Step 2: Convert USDT to Fiat Currency (USD, EUR, etc.)
Kraken does not support direct USDT withdrawals to banks. You must sell your Tether for fiat first.
Here’s how to convert USDT to USD:
- Log in to your Kraken account.
- Go to the “Trade” tab.
- Choose a trading pair like USDT/USD.
- Place a Sell order to convert your USDT into fiat currency.
Tip: Use a Market Order for faster transactions or a Limit Order for better control over the price.
Step 3: Withdraw Fiat Currency to Your Bank Account
Once your USDT is converted into fiat, follow these steps to transfer money to your bank:
- Go to the “Funding” section in Kraken.
- Click “Withdraw” and select your fiat currency (e.g., USD).
- Add your bank account details if it’s your first withdrawal. Make sure the name on the bank matches your Kraken account.
- Enter the amount you want to withdraw.
- Choose a withdrawal method (ACH, SWIFT, wire transfer, etc.).
- Review and confirm the transaction.
🔗 View Kraken’s withdrawal methods & fees
Step 4: Wait for Processing
Depending on your chosen withdrawal method, it can take:
- ACH (US): 1–3 business days
- SWIFT / International wires: 1–5 business days
✅ You’ll receive a confirmation email once the withdrawal is initiated.
Final Thoughts
While it might seem tricky at first, transferring USDT from Kraken to your bank account is safe and straightforward once you understand the steps:
- Convert to fiat
- Withdraw using your preferred method
- Check your fees and bank policies
As always, take your time and follow Kraken’s latest guidance. Moving from stablecoins to cash doesn’t have to be stressful — especially when done securely.
