On a known and trusted exchange like Coinbase, Gemini, or Kraken — yes, it is safe . They have to gather identification documents to be in compliance with AML/KYC laws in the US, the same as a bank would verify your identity if you were physically present to open an account.
Read moreHow do I increase my Kraken Max withdrawal?
Increasing your limits There is no way to increase the limits of these verification levels beyond the set values . If you have a personal account with Pro limits or a business account you can contact our Transfer Limit Increase team to get your limits increased beyond the default amount.
Read moreWhy is there a withdrawal limit on Kraken?
Certain deposits, such as first time ACH instant purchases, debit or credit card purchases or digital wallet purchases, may trigger a withdrawal hold for up to 72 hours . Withdrawal holds may also be triggered by deposits from certain banks as well as security reasons.
Read moreWhat is the best wallet to use with Kraken?
Best Hardware Crypto Wallets
Read moreCan you use same Kraken address twice?
There are no limits to how many times you can use a deposit address , but generating more than five* deposit addresses for the same cryptocurrency will result in older deposit addresses expiring.
Read moreShould i mine directly to Kraken?
You can send your mining payouts directly to a Kraken deposit address, however there are some things that you should be aware of: Note: Mining payouts for Monero (XMR) should NOT be sent directly to Kraken and may result in the loss of your funds . Instead have them sent to a personal wallet and then to Kraken.
Read moreDoes ETH address expire?
All addresses that have been generated for your account will remain associated with your account forever . They are safe to re-use to receive future payments, but for the prior stated reasons, we recommend using a unique address for all transactions.
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