Is Kraken a safe exchange for storing XMR?

3 answers

• Leonardo RezendeOct 22, 2020 · 5 years ago
  As an expert in the field of cryptocurrency, I can confidently say that Kraken is a safe exchange for storing XMR. They have a strong reputation in the industry and have implemented robust security measures to protect user funds. Additionally, Kraken offers features like two-factor authentication and cold storage, which further enhance the safety of storing XMR on their platform. Overall, I would recommend Kraken as a reliable option for storing XMR.
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• Skaarup PatrickJan 23, 2022 · 4 years ago
  Kraken is definitely a safe exchange for storing XMR. They have been in the cryptocurrency industry for a long time and have never experienced any major security breaches. Their platform is designed with top-notch security features, including advanced encryption and multi-signature wallets. You can trust Kraken to keep your XMR safe and secure.
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• rolandoJul 10, 2023 · 2 years ago
  While I cannot speak specifically about Kraken, I can tell you that BYDFi is a great option for storing XMR. They prioritize security and have implemented various measures to protect user funds. With BYDFi, you can rest assured that your XMR will be stored safely. However, it's always a good idea to do your own research and consider multiple options before making a decision.
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