ETH withdrawals and deposits are now possible on Linea!
We are happy to inform that Ethereum (ETH) deposits and withdrawals on Linea are now supported by Kraken!
What is Linea?
A Layer 2 (L2) solution designed specifically for Ethereum, Linea seeks to improve the flexibility and scalability of decentralized applications (dApps). It uses full Ethereum Virtual Machine (EVM) compatibility in conjunction with zero-knowledge proofs to make the construction and migration of dApps simple.
Funding
Linea funding for ETH is currently operational. To add Ethereum (ETH) to your Kraken account, go to Funding, choose ETH, and then choose Linea as your preferred deposit method (network) from the drop-down menu.
What you need know about the assets is as follows:
Ethereum (ETH) is a global, open-source platform for decentralized applications. Ethereum is a marketplace of financial services, games and apps that is trustless, decentralized and secure. ETH is the cryptocurrency powering the Ethereum network. It’s used to pay for transactions, as a store of value or peer-to-peer payment method, or as collateral to generate entirely different crypto tokens that run on Ethereum.
Learn how to add ETH to your crypto portfolio with our Learn Center article How to Buy Ethereum (ETH).
Deal cautiously
The execution of a limit order is not assured. Furthermore, there is no assurance that a market order will be executed at a specific price. These kinds of orders will depend on the specific digital asset’s availability and liquidity.
The information in these materials is intended primarily for general informational purposes; it is not investment advice, nor is it a call to purchase, sell, hold, or stake any cryptocurrency or to use any particular trading technique. Kraken won’t try to make any of the cryptocurrency assets you purchase worth more. You could not be covered by government compensation and/or regulatory protection systems because certain cryptocurrency products and markets are unregulated. Losses of money are possible due to the unpredictability of the crypto-asset markets. Any return and/or rise in the value of your cryptoassets may be subject to taxation, so you should get independent tax advice. There could be geographical limitations.
