Yes, you heard it right. In contrast to other exchanges for cryptocurrency that have been compromised before and resulted in thousands of dollars worth of loss of coins, Kraken can maintain its reputation as a secure cryptocurrency exchange. Kraken's dedication to security is superior to other exchanges.
Is Kraken safe to buy Bitcoin?
On Kraken, you can trade between 72 different cryptocurrencies as well as fiat currencies. So Kraken is pretty much legit and secure. Additionally, Kraken provides all of the tools needed to purchase and sell cryptos and creates a simple Bitcoin exchange that is suitable for beginners and professionals.
Why does Kraken want my SSN?
If you open up a trading account with various investment firms and other financial institutions like banks, you'll find they ask for important information like your social security to verify your identity in order to comply with bank regulations imposed upon banks by the FDIC (Federal Deposit Insurance Company).
Is Kraken Pro a safe app?
Kraken Pro delivers all the security and features you love about the Kraken Exchange, now in a beautiful, mobile-first design for advanced crypto trading on the go.