Is my cryptocurrency insured by the US government? No. The federal government provides insurance for cash and deposits of conventional securities, like stocks and bonds, but not cryptocurrency assets — at least not yet.
Read moreIs Kraken staking insured?
NEITHER YOUR KRAKEN ACCOUNT NOR STAKED ASSETS ARE COVERED BY INSURANCE AGAINST LOSSES OR SUBJECT TO FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC) OR SECURITIES INVESTOR PROTECTION CORPORATION (SIPC) PROTECTIONS OR THE PROTECTIONS OF ANY COMPARABLE ORGANIZATION ANYWHERE IN THE WORLD.
Read moreIs it safe to leave fiat on Kraken?
Whilst they may highlight security, if you are going to store fiat, bank is the best place to do it right now, without investing into any other value / asset instrument. Kraken supports Fiat deposits but a trader must complete a KYC verification before they can deposit in fiat currencies .
Read moreDoes Kraken have insurance?
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 moreAre funds safe on Kraken?
Safe Coin Storage 95% of all deposits are kept in offline, air-gapped, geographically distributed cold storage. We keep full reserves so that you can always withdraw immediately on demand.
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