Is Kraken com secure?

We comply with legal and regulatory requirements in all jurisdictions where we operate. Kraken is regulated by FinCEN . Kraken client funds are held directly by clients in their own bank accounts at our partner banks, which are heavily regulated.

Payward Limited, doing business as Kraken, is registered with the Financial Conduct Authority (FCA) in the United Kingdom as a cryptoasset business with effect from 22 November 2021 under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, amended (MLRs) subject …

DIGITAL ASSETS AND NATIONAL CURRENCIES CURRENTLY HELD IN YOUR KRAKEN ACCOUNT ARE NOT COVERED BY INSURANCE AGAINST LOSSES OR SUBJECT TO FEDERAL DEPOSIT INSURANCE CORPORATION PROTECTIONS OR THE PROTECTIONS OF ANY COMPARABLE ORGANIZATION ANYWHERE IN THE WORLD.

Platform and information security: Its physical servers are kept under 24/7 surveillance . Sensitive information is encrypted at both a system and data level. Security testing: Ongoing penetration tests protect Kraken’s systems, both via its internal team and bug bounty program.