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To cash out your crypto on Kraken, you'll first need to sell your crypto for a fiat currency like USD, then withdraw that fiat currency to your bank account. You can then choose a withdrawal method and fill in your bank details, and finally, confirm the withdrawal.
Here's a step-by-step guide:
1. Sell your crypto:
Navigate to the "Buy/Sell" section or "Trade" section and choose the crypto you want to sell. Enter the amount of crypto and the price you want to sell it for, then confirm the trade.
2. Withdraw the fiat currency:
Once your crypto is sold, the proceeds will be in your Kraken account in your chosen fiat currency (e.g., USD). Go to the "Withdraw" section and select the fiat currency you want to withdraw.
3. Add a bank account:
If you haven't already, add your bank account details to Kraken.
4. Choose a withdrawal method:
Select the preferred method for withdrawing your funds (e.g., wire transfer, ACH).
5. Enter the amount and confirm:
Enter the amount you want to withdraw and review the details before confirming the withdrawal.