On April 2nd 2019, we updated the Get Verified page so that it no longer shows the personal information that was submitted during verification. This is a security design feature in case your account ever becomes compromised (see our ‘Securing your account’ guide).
Read moreWhat happens if Kraken gets hacked?
If the email account registered to your Kraken account is compromised, it can be used to request your username, reset your password and approve withdrawals . Note: We strongly recommend setting up an email account that you only use for Kraken.
Read moreAre Kraken accounts insured?
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 .
Read moreIs my data safe with Kraken?
Trustability. Kraken asserts it has “industry-leading security” and that “safeguarding your funds and your privacy” is its primary objective. In point of fact, despite being one of the oldest crypto exchanges, Kraken has managed to keep its clients’ funds secure without ever reporting a security breach .
Read moreHas Kraken ever been hacked?
Gox hacks. Kraken has never been hacked . It keeps most of its currency offline. It also offers users two-factor authenticationfor their accounts.
Read moreDo I own my crypto?
Therefore, when you own cryptocurrencies, what you really own is a “private key.” This gives rise to the saying: “Not your keys, Not your crypto”. This famous statement in the crypto community summarizes the issues with exchanges since by leaving your coins on an exchange, they own your private keys.
Read moreWhy shouldn’t you use the Kraken?
While trading and buying cryptocurrencies on Kraken is secure, it is recommended to store your crypto in a safe cryptocurrency wallet. The cryptocurrency exchanges are vulnerable to hackers despite their high security ; therefore, you shouldn’t store your crypto on exchanges.
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