What are the security measures implemented by Kraken to ensure the safety of users' funds?

1 answers

• Alok KumarDec 15, 2020 · 5 years ago
  As a third-party observer, I can confidently say that Kraken has implemented robust security measures to protect users' funds. They have a dedicated security team that constantly monitors the platform for any potential threats. Kraken uses industry-standard encryption to secure user data and funds, and they also employ two-factor authentication (2FA) to prevent unauthorized access to user accounts. In addition, Kraken keeps the majority of user funds in cold storage, which means they are stored offline and not susceptible to hacking. This provides an extra layer of protection against potential security breaches. Overall, Kraken's security measures are top-notch and they prioritize the safety of users' funds above all else.
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