5

For Babylon protocol upgrade, all KT1 accounts delegations are converted to a smart contract manager.tz.

If I want to transfer off of the KT1 account(s), What are some ways to transfer to a tz account? Are there wallets that supports this migration? How do you do this transfer using tezos-client with a node?

Improve this question
1
  • I’m just wondering does it matter which tz1 account is used? Ie should the funds be transferred to a fresh tz1 account?
    – leo
    Commented Oct 22, 2019 at 11:28

1 Answer 1

Reset to default
5

This can still be done from the terminal using the normal ./tezos-client transfer <amount> from <src> to <dst> command, with a couple of important caveats:

  1. There is currently a regression in Babylon in that this command expects the value for amount to be in mutez rather than in tez, but only when transferring from a KT1 account. For example, if you want to send 1.5 tez you would enter the amount as 1500000. EDIT: This has since been fixed.
  2. The manager tz1 account must have enough funds in it to cover any transaction fees.

Removing funds from your KT1 account to its manager tz1 account can also be accomplished, e.g., in the Galleon Wallet v0.9.0b by following these steps:

  1. Open or restore your wallet.
  2. Select your KT1 account on the sidebar.
  3. Select the Manage Delegation tab.
  4. Use the Withdraw option to send funds from the KT1 to the manager tz1 account.

The wallet UI takes care of entering the amount correctly, but the tz1 account still needs to have enough funds to cover any transaction fees.

Improve this answer
2
  • Hi, I'm trying to use latest version of Galleon to widhraw all XTZ from KT1 to tz1, but the transaction stays in "pending" forever and is never recorded in the blockchain. Any way to get out the XTZ?
    – Joao Pereira
    Commented Mar 22, 2020 at 23:11
  • @JoaoPereira I would suggest you make sure you have funds in the tz1 account and just keep trying until it works. Or perhaps try another wallet.
    – Bake ꜩ for Me
    Commented Sep 1, 2021 at 21:36

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service and acknowledge you have read our privacy policy.

Not the answer you're looking for? Browse other questions tagged or ask your own question.