In Australia, Beaufort Fiduciaries Pty Ltd (ACN 162 139 871, AFSL No. 545124) provides wholesale clients with access to derivatives where the underlying assets are digital assets. Derivatives are complex, regulated financial products that are difficult to understand and may not be suitable for inexperienced investors. For eligibility, terms and conditions click here. Krak Pay is offered by Bit Trade Australia Pty Ltd (ACN 163 237 634), Authorised Representative of Flexewallet Pty Ltd (AFSL 448066). This information is general in nature and does not take into account your personal objectives, financial situation or needs. You should consider whether it is appropriate for you and read the relevant disclosure documents before making any decision.

What is a Master Key?

Last updated: August 8, 2025

A Master Key is an additional security feature you can enable that allows you to:

•
Prevent an unwanted password reset, even if your email account is compromised (if enabled, the Master Key is required to reset your Kraken sign-in password).
•
Use it as an alternative method for Sign-in Two-factor Authentication (2FA).
•
Turn off the Global Settings Lock (GSL) immediately if enabled on your account.

We recommend setting up a Master Key in combination with other security features.

What methods are available to use as your Master Key?

•
Hardware Security Key (recommended). For a Master Key, Kraken supports Security Keys that use FIDO2 protocols.
•
Authenticator app
•
Static password

How to enable a Masterkey on Kraken video guide

How do I set up a Master Key on Kraken Pro and Kraken Classic?

On Kraken Pro:

1
Sign in and click on your profile icon in the upper-right corner of the page.
2
Click on Settings and navigate to the Security tab.
3
Scroll down to the Advanced Settings section and click the Enable button for Masterkey.
4
You will then need to enter your Sign-in 2FA, or use your Passkey.
5
Choose your preferred method.
6
Follow the onscreen instructions to confirm your Master Key set up.

On Kraken Classic:

1
Sign in and click on your name in the upper-right corner of the page.
2
Click Security > 2FA Settings.
3
Scroll down to the Master Key section and click the On/Off toggle.
If you have sign-in 2FA enabled on your account you will be promted to add your 2FA code.
4
Follow the onscreen instructions to confirm your Master Key set up.

You cannot set up a Master Key on the Kraken interface. Which Kraken interface am I on?

REMINDER

The Master Key should be kept separate from account sign-in information or any other 2FAs, as storing this information together would create a security threat to your account.

For example, if you use a Hardware Security Key for sign-in 2FA, we advise to then use an authenticator app or a different Hardware Security Key for the Master Key.

What is a Master Key?

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