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.

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.

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.

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 Step-up 2FA?

Last updated: 8 October 2026

Step-up 2FA is your Sign-in 2FA or Master Key, used to confirm sensitive changes. When you add, edit or remove a two-factor authentication (2FA) method on your account, Kraken may ask you to confirm it’s you with either one.

How it works

When you request a change to your 2FA settings, you may be asked to confirm with:

Sign-in 2FA. The same 2FA you use to sign in. We recommend a Passkey. Only use an authenticator app if Passkeys aren’t available.
Master Key. If you’ve set up a Master Key, you can use it instead.

If you’re asked, the change only goes through once you’ve confirmed correctly.

Get the most from Step-up 2FA

Enable multiple 2FA methods so you always have access to one, including when Step-up 2FA is required. See How to enable multiple two-factor authentication.
Use a Passkey as your Master Key, and keep it on a different device from your Sign-in 2FA so losing or compromising one device doesn’t expose both. For example, if your Sign-in 2FA Passkey is on your phone, create your Master Key Passkey on a Hardware Security Key.
Don’t keep both in the same authenticator app. See Risks of using an authenticator app.

Before you start

You need Sign-in 2FA enabled on your account. If you haven’t set it up yet, we strongly encourage you to. See How does two-factor authentication (2FA) for sign-in work?.

Global Settings Lock (GSL)

If you have the Global Settings Lock (GSL) enabled, you can’t change your security settings, so you won’t see Step-up 2FA.