The recent introduction of Kraken Wallet has marked an
advancement in cryptocurrency adoption. This self-custodial wallet is
engineered to streamline on-chain transactions. Kraken Wallet emphasizes
simplicity, security, and functionality, with the overarching goal of
broadening accessibility to decentralized finance.
Regardless of whether individuals are Kraken clients or not,
the multichain Kraken Wallet serves as a conduit to the decentralized financial
ecosystem. Emphasizing privacy and security, it enables users to maintain
custody of their digital assets and data, underpinned by Kraken’s security
protocols.
With an intuitive user experience, Kraken Wallet eliminates
the need for complex network switching or the management of multiple seed
phrases. Key features include comprehensive portfolio tracking, support for
multiple blockchains, WalletConnect integration for access to decentralized
applications, and round-the-clock customer support.
The Wallet collects only essential data necessary for its
operation. User activity is routed through Kraken’s infrastructure to safeguard
IP addresses and shield personal information from external exposure. The wallet
does not retain any user sign-in details, email addresses, or KYC information.
EXCLUSIVE: Crypto exchange @krakenfx is releasing their own self-custody wallet, Kraken Wallet, to compete in the crypto wallet space with offerings like @coinbase wallet and @MetaMask – @cryptauxmargaux reportshttps://t.co/PTGFT8lxQh
— CoinDesk (@CoinDesk) April 17, 2024
The security of Kraken Wallet is fortified through various
layers of protection, including biometric authentication and encrypted user
passwords. To ensure security measures, the wallet underwent a security audit
conducted by Trail of Bits, known for its expertise in cybersecurity
