Complete Guide to Sending & Receiving Cryptocurrency Safely

馃 Your Crypto Could Vanish

By Kraken
Mar 31, 2025, 5:32 PM
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A comprehensive guide for first-time crypto transfers:

  • Wallet Basics:

    • Hot wallets: Online, convenient but less secure
    • Cold wallets: Offline, maximum security
  • Critical Safety Steps:

    • Always copy-paste wallet addresses
    • Double-check recipient details
    • Verify correct blockchain network
    • Send test transactions first
    • Monitor transaction fees
  • Security Best Practices:

    • Enable 2FA
    • Never share private keys
    • Use hardware wallets for large amounts
    • Verify all transaction details

Alternative: Kraken Pay offers fee-free transfers between Kraken accounts using email/phone/Kraktag.​

Full guide available here

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