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.

Backing up your Kraken Wallet

Last updated: 15 September 2026

The correct backup method depends on your wallet type.

  1. 1

    Go to Settings.

  2. 2

    Tap Backup.

  3. 3

    Select the backup method: Cloud Backup or Recovery Phrase.

  4. 4

    For Recovery Phrase, reveal and write down the recovery phrase in the correct order, and store it somewhere private and offline.

  5. 5

    For Cloud Backup, enter a strong password and tap Back Up This Wallet.

  1. 1

    Go to Settings.

  2. 2

    Tap Backup.

  3. 3

    Select Export Embedded Keys.

  4. 4

    Select the embedded wallet you want to export.

  5. 5

    Authenticate and follow the prompts to reveal the private key.

Never share a recovery phrase, private key, or cloud-backup password. Kraken cannot recover any of them for you.