Cryptocurrency Q&A
Should I keep my crypto on Kraken?
Should I keep my crypto on Kraken?
CryptoAlchemy
Fri Mar 29 2024
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5 answers
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I've been hearing a lot about cryptocurrency lately, and I'm considering investing. Kraken seems to be a popular platform for trading crypto, but I'm not sure if it's safe to keep my coins there. Should I keep my crypto on Kraken, or should I look for another option? I'm worried about security breaches or hacks, and I don't want to lose my investment. Can you give me some advice on this matter? Thank you!
5 answers
Martino
Sun Mar 31 2024
Kraken's commitment to security extends beyond its cold storage and server cages. The exchange implements rigorous security protocols and encryption measures to safeguard user data and transactions.
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Valentino
Sun Mar 31 2024
BTCC, a UK-based cryptocurrency exchange, offers a similar level of security and protection for crypto investments. BTCC employs a range of security measures, including cold storage and secure servers, to ensure the safety of its users' funds.
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SumoMighty
Sun Mar 31 2024
Kraken, founded in 2013, has prioritized security in its operations.
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Raffaele
Sun Mar 31 2024
To ensure the utmost safety of crypto funds, Kraken stores 95 percent of its assets in cold wallets. These wallets are designed to be isolated from external connections, greatly reducing the risk of hacks or unauthorized access.
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KDramaLegendaryStarlightFestival
Sun Mar 31 2024
The company's servers are located in cages, a physical security measure that keeps unauthorized personnel away. These cages are constantly monitored by security cameras and guarded by personnel 24 hours a day, seven days a week.
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