I want to sell bitcoin on Kraken.

It seems straightforward enough, but I want to be 100% of what I’m doing. Here’s how I see it happening…

  1. I transfer the bitcoin I want to sell from the Blockchain to the Kraken account.

  2. Once the Kraken account has received the funds, I initiate a Sell post for the amount I want to sell.

  3. I get an order acceptance and the balance automatically transfers to fiat (already verified and bank added).

  4. Initiate a withdraw from my Kraken account to my bank account.

  5. Eat food with money in my bank.

Is this basically how it goes? Is there anything I’m missing? Is there any glaring issue to consider in this transaction?

Thanks ahead of time. I see that you guys really seem to look out for one another.


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