To protect your account and to ensure the integrity of our trading system, we may place a hold on funds leaving the platform – particularly if you purchases crypto using a card or if we detect abnormal activity or security concerns with your account.
Read moreDoes Kraken store my crypto?
As Kraken is a cryptocurrency exchange it is not classed as a wallet provider . Users can deposit funds to Kraken’s corporate wallet for safekeeping while funds are exchanged or used for trading. As they do not provide a personal wallet service, many users would use an external wallet service to hold their cryptos.
Read moreAre my coins safe on Kraken?
Not only does Kraken offer safe coin storage , with 95% of deposits held offline in cold storage units spread across the world, but it also promises platform security: Its servers are kept in secure cages under 24/7 surveillance by armed guards and video monitors.
Read moreHow long can I hold crypto in 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 moreDoes Kraken have a wallet?
Kraken offers clients a digital wallet to store coins between purchases but does not provide a personal wallet service .
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