Blockchain

Kraken Introduces Simple, Secure, and Powerful Kraken Wallet

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Kraken Introduces Simple, Secure, and Powerful Kraken Wallet


Kraken, a leading cryptocurrency exchange, has taken a significant step towards accelerating crypto adoption with the release of Kraken Wallet. The self-custodial wallet is designed to be simple, secure, and powerful, offering users an easy-to-use gateway to the decentralized financial system.

Whether individuals are Kraken clients or not, they can utilize the multichain Kraken Wallet as a bridge to the world of decentralized finance. Built on the principles of privacy and security, Kraken Wallet ensures self-custody of digital assets and data. Users can enjoy an onchain experience supported by Kraken’s world-class security measures and dedicated client service.

Kraken Wallet provides a beautiful user experience, eliminating the need for network switching or manually creating multiple seed phrases. It serves as a one-stop solution for all self-custody needs, offering features such as comprehensive portfolio tracking, multichain support, WalletConnect integration, and round-the-clock customer support.

With comprehensive portfolio tracking, users can conveniently monitor their tokens, NFTs, and DeFi positions in one place. The wallet seamlessly interacts with eight of the most popular blockchains, including Bitcoin, Ethereum, Solana, Optimism, Base, Arbitrum, Polygon, and Dogecoin. Additionally, the integration of WalletConnect ensures secure access to thousands of the latest and most popular decentralized applications (dApps).

Privacy is of paramount importance to Kraken Wallet. The wallet collects only the minimum amount of data required for its functioning and does not gather internal app performance analytics. User activity is proxied through Kraken’s infrastructure, safeguarding their IP addresses and preventing external exposure of identity and location information. Kraken Wallet does not store any user sign-in details, email addresses, or KYC information.

Backed by Kraken’s industry-leading security measures, Kraken Wallet prioritizes the protection of user data and digital assets. The wallet was developed in collaboration with the team responsible for securing Kraken exchange’s assets for over 12 years. It incorporates multiple layers of security, including biometrics from mobile devices and user-provided password encryption.

To further ensure the wallet’s security, Kraken engaged Trail of Bits, a renowned security audit firm, to conduct a comprehensive audit of the code. This step helps identify any potential vulnerabilities and strengthens the overall security of Kraken Wallet. In a move towards transparency and community involvement, Kraken Wallet is the first major-exchange wallet to be open-source at launch, with its code available on GitHub.

Kraken Wallet marks the beginning of an ongoing journey, with plans to introduce more functionality in the future. Kraken remains committed to its cypherpunk principles and aims to bring the world into the onchain future. As the crypto industry continues to evolve, Kraken Wallet strives to embody the spirit of decentralization and empower users in their financial freedom.

To download Kraken Wallet and learn more about its features, users can visit the official website. The Kraken Wallet deep-dive technical blog provides additional insights into how the wallet addresses challenges in mobile crypto security. Users can also refer to the Kraken Wallet privacy notice for full disclosures.

Image source: Shutterstock

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