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Step 3 – How to transfer your crypto to the exchange

Transferring your crypto from Coinbase to your exchange

This step is only necessary if you did NOT purchase your base currency (USDT/USDC) through your preferred exchange (KuCoin/Kraken). If you purchased through your preferred exchange please proceed to Step 4.

Click Here to view Step 4

otherwise please continue with Step 3.

Transferring your crypto from Coinbase (or your preferred platform) can quite intimidating for those who have never done it before but if you follow our guide you shouldn’t have any issues whatsoever.

 

KuCoin

1. Log into your KuCoin account and on the menu hover on “Assets”

2. Click on “Main Account (Deposit & Withdraw)”

 

3. Click on “Deposit”

4. In the search bar type in “USDT” (without the quotes) and click the search result

5. Click the copy address icon to copy the wallet address to your clipboard.

 

6. Log into your Coinbase account

7. On the upper right hand corner of the page click “Send/Receive”

 

8. When the pop up opens make sure the “Send” tab is selected

9. Be sure the denomination is set to USDT

10. In the “To” field paste the wallet address you copied in step 5 by pressing CTRL-V (Command-V for Apple users) or right mouse click and select “Paste”

11. *IMPORTANT* Verify that the address you just pasted is exactly the same as the address you copied in KuCoin. Not doing this and using the wrong address will result in the loss of your crypto. Exchanges cannot reverse this!

12. In the “Pay With” field click the drop down, find “Tether” (USDT), and select it.

13. Double check that everything is correct and then click “Continue”. If you have 2FA or SMS verification on you will be prompted for the code before sending

 

14. Allow up to 45 minutes for the transaction to settle by checking your KuCoin account

15. In your KuCoin account click on “Main Account” in the navigation

16. When the funds have been processed you will see them here (minus the trasfer fees)

 

17. When the USDT is in the Main account you will have to transfer it to the “Trading Account”

18. Look for “USDT” in the “Coin” column and click on “Transfer” in the “Operation” column

19. A popup will display. Under “Direction” select “Main Account” and the other drop down select “Trading Account”

20. Under “Coin” select “USDT Tether”

21. Specify the amount of Tether you want to transfer. We recommend a minimum of 1,500 USDT to maximize your trades

22. Click “Confirm”

 

In order for you to trade you must have funds in the “Trading Account” as thats where Mythril/Wunderbit will be trading from. If there are no funds in this account no trades will open. We also recommend at least $1,500 – $2,000 to start with to be able to take full advantage of maximizing trades and utilizing dollar cost averaging.

Kraken

1. Log into your Kraken account and click on “Funding” in the navigation

 

2. In the search box type in “USDC” without the quotes.

3. When USDC comes up click on “Deposit”

 

4. Click “Yes I acknowledge” to the warning of sending the USDC to a wrong address

5. Click on “Generate New Address” and follow the on screen instructions

 

6. When the new address is created you will click on “Select” to copy the address Coinbase will send to. Then log back into Coinbase

 

7. When logged back into Coinbase, click “Send/Receive” on the upper right hand corner of the page

 

8. When the pop up opens make sure the “Send” tab is selected

9. Be sure the denomination is set to $USD

10. In the “To” field paste the wallet address you copied in step 5 by pressing CTRL-V (Command-V for Apple users) or right mouse click and select “Paste”

11. *IMPORTANT* Verify that the address you just pasted is exactly the same as the address you copied in Kraken. Not doing this and using the wrong address will result in the loss of your crypto. Exchanges cannot reverse this!

12. In the “Pay With” field click the drop down, find “USD Coin” (USDC), and select it.

13. Double check that everything is correct and then click “Continue”. If you have 2FA or SMS verification on you will be prompted for the code before sending

 

14. Allow up to 45 minutes for the transaction to settle by checking your Kraken account. You should also receive an email when the funds have been successfully transferred if you have alerts set up

15. In your Kraken account click on the Kraken logo on the upper left hand corner of the page to take you to your dashboard

16. When the funds have been processed you will see them (minus the trasfer fees)

17. Once the funds are available you will need to convert them to $USD. Click on “New Order”

 

18. Click “Intermediate”

19. Order-> Sell

20. Click the drop down and type in “USDC” without quotes and select “Trade”

21. Put in the amount of USDC you would like to convert to USD. We recommend a minimum of 2,000 to maximize your trades

22. Select “Market” for “Order Type”

23. Finally click “Sell USDC for USD” and follow the prompts

 

To trade on Kraken using Mythril you must have USD in your account otherwise trades will not open. We also recommend at least $2,000 – $2,500 to start with to be able to take full advantage of maximizing trades and utilize dollar cost averaging.

Previous Step 2 – How to buy cryptocurrency
Next Step 4 – Set up Wunderbit & connect the API
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