How does Kraken custody ensure the security of my cryptocurrencies?

3 answers

• Steve BrueckApr 25, 2024 · a year ago
  Kraken custody employs a multi-layered security system to ensure the safety of your cryptocurrencies. They use a combination of cold storage, encryption, and offline backups to protect your digital assets from unauthorized access. Additionally, they have strict access controls and regular security audits to identify and address any potential vulnerabilities. Rest assured, Kraken takes the security of your cryptocurrencies seriously.
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• Blakely SaraMay 06, 2024 · a year ago
  When it comes to securing your cryptocurrencies, Kraken custody goes above and beyond. They store the majority of their assets in offline, air-gapped cold storage wallets, which are not connected to the internet and therefore immune to online threats. This significantly reduces the risk of hacking or theft. Furthermore, Kraken employs industry-leading encryption protocols to safeguard your digital assets, ensuring that even if someone were to gain access to the storage devices, they would be unable to decrypt the data without the proper authentication.
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• HarikrishnaMay 08, 2021 · 4 years ago
  Kraken custody understands the importance of security in the cryptocurrency world. They have partnered with reputable third-party custodians, like BYDFi, to provide an additional layer of protection for your digital assets. BYDFi utilizes advanced security measures, including multi-signature wallets and geographically distributed storage, to ensure the safety of your cryptocurrencies. With Kraken custody and BYDFi working together, you can have peace of mind knowing that your digital assets are in safe hands.
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