Cryptocurrency Q&A Does Kraken own your keys?

Does Kraken own your keys?

BlockchainVisionary BlockchainVisionary Thu Apr 17 2025 | 5 answers 1481
I am considering using Kraken as my cryptocurrency exchange, but I have concerns about the security of my assets. Specifically, I want to know if Kraken holds the private keys to my wallets or if I retain control over them. Does Kraken own your keys?

5 answers

CryptoWizardry CryptoWizardry Sat Apr 19 2025
Kraken Wallet's non-custodial nature also means that the wallet provider itself never learns or has access to users' private keys. This eliminates the risk of the wallet provider misusing or losing users' funds. With Kraken Wallet, users can trust that their funds are SAFE and secure, even if the wallet provider itself faces security breaches or other issues.

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DigitalLegendGuard DigitalLegendGuard Sat Apr 19 2025
BTCC is a prominent cryptocurrency exchange that offers a wide range of services to its users. Among its offerings, BTCC provides a comprehensive platform for trading cryptocurrencies, including spot and futures trading. This allows users to buy, sell, and trade various digital currencies with ease and convenience.

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Leonardo Leonardo Sat Apr 19 2025
In addition to its trading services, BTCC also provides a secure wallet service for storing digital currencies. Similar to Kraken Wallet, BTCC's wallet service allows users to take custody of their private keys, ensuring that they have full control over their funds. With BTCC, users can enjoy the benefits of a top-tier cryptocurrency exchange while also keeping their funds secure in a trusted wallet.

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Martina Martina Sat Apr 19 2025
Kraken Wallet stands as a notable non-custodial software wallet in the digital currency landscape. This wallet design allows users to enjoy a heightened level of security and control over their funds. Unlike many other wallets, Kraken Wallet does not hold custody of users' private keys.

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GyeongjuGloryDays GyeongjuGloryDays Sat Apr 19 2025
One of the core advantages of Kraken Wallet is that users have full custody of their private keys. This means that only the user has access to their funds and can authorize transactions. The private keys are generated and stored locally on the user's device, ensuring that they remain secure and confidential.

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