VoloundExpounds | How to Avoid the 0.0002 BTC Withdrawal Fee on Kraken (99.7% efficient banked fiat to custodied BTC) @VoloundExpounds | Uploaded 5 months ago | Updated 2 hours ago
Kraken has some of the best depositing and maker fees of all exchanges, but the withdrawal fee in BTC is 0.0002 BTC. At time of writing thats £10.50 or about 15 dollars. That makes moving anything less than £100 or $150 to cold storage prohibitive, and takes a big bite out of even 4 figure sums over the long term, as they appreciate (which is the plan and the expectation). Here's how I got around it after a lot of googling and reading and thinking about the problem.

Kraken Lightning withdrawal sent to a receiving Muun wallet (free) followed by a Muun on-chain withdrawal from the same wallet (pay minimum miner fees at a cost of your own choosing).

The transaction in case you want to follow the outcome of the example in the video:
blockchain.com/explorer/transactions/btc/008779eac7c250b10ae7f8fb6a4c84f66340b8b8664e776352fc36bd392852a5

#bitcoin #kraken #exchanges

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