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At Kraken, we prioritize and invest heavily in security. However, don't let this put your own guard down. No amount of security on our end can make up for inadequate personal security.
It is vital for clients to take advantage of the account security tools and advice that we offer and to never share access to the account with anyone else.
Never allow anyone to create or manage an account on your behalf.
Create a password that is long (at least 15 characters) and that is not used on any other website. We recommend using a password manager such as KeePass or 1Password.
Enable Sign-in 2FA, ideally using multiple Passkeys. This is the most important security feature.
Set up a Master Key to have additional protection against password resets and as a backup for your Sign-in 2FA.
Enable the Global Settings Lock (GSL) to prevent changes to your account settings and withdrawal addresses — even if an attacker gains access to your account.
Enable 2FA for withdrawals, trading and API.
Only use Kraken's official apps. Third-party mobile apps using Kraken's name or asking for your Kraken credentials are forms of phishing.
If the email address associated with your Kraken account is compromised, it can be used to request your username, reset your password and approve withdrawals.
We strongly recommend setting up a dedicated email address that you only use for Kraken.
Create a password using the same guidelines as for your Kraken password.
Set up Two-factor Authentication for your email address, preferably with Passkeys if they are an available option. Don't use the SMS 2FA option if your email provider offers it.
Set up PGP (for Advanced clients) to receive signed and encrypted email from us, if your email provider supports it.
For additional information, see Securing your email address.
A compromised device can log and record everything you type into it, and mobile devices are the most common way to use two-factor authentication (2FA).
Enable a password/PIN on your device.
Don't share your device.
Never install remote access software such as AnyDesk, TeamViewer, RemotePC or GoToMyPC.
Avoid public computers and/or devices. Only sign in from your personal devices.
Avoid work devices for personal accounts. They are able to monitor and record your activity.
Mobile phone numbers have become a critical element in authentication and account recovery processes. However, they pose significant security risks, especially for handling sensitive information, including cryptocurrency.
Telecom providers often lack robust security measures, leaving users vulnerable to attacks like phone number hijacking, where attackers use social engineering to gain control over a victim's number. The consequences can include theft, extortion, and loss of access to key accounts.
To safeguard your accounts and personal data, you can think about the following:
Avoid using your mobile phone number as a primary identifier or for two-factor authentication (2FA) wherever possible.
Set a strong PIN or passcode on your telecom account to secure changes and protect your number.
Request a port freeze and enable a SIM lock to prevent unauthorized number transfers.
Regularly audit your online accounts to ensure they are not linked to your phone number unnecessarily.
By taking these proactive measures, you can significantly reduce the risks associated with mobile phone vulnerabilities, securing your digital assets and safeguarding your online presence.
A compromised internet connection can steal your sign-in details and direct you to phishing sites. Here are some ways you can secure your internet connection:
Change the default password on your home internet router.
Make sure your WiFi network is password protected. This is separate from the router password.
Create a guest network if your router has that option and keep the main network private for your devices only.
Avoid public WiFi. Use your mobile data plan instead. If you have to use public WiFi, make sure to have a reputable VPN (avoid free VPNs).