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.

Create a wallet on Kraken Wallet

Last updated: March 9, 2026

To create a wallet:

  1. 1

    Download the official Kraken Wallet app from the App Store or Google Play Store. 

  2. 2

    Open the app, then tap Create Wallet.

    To import an existing wallet, visit: Import a wallet to Kraken Wallet.
    Welcome to KW
  3. 3

    Once Kraken Wallet creates your wallet, you will be prompted to back up your wallet.

    IMPORTANT: It is strongly recommended that you back up your wallet at this stage. If you choose to skip this step, it is crucial that you back up your wallet as soon as possible.
    srp
  4. 4

    To back up your wallet, tap Reveal phrase. This will reveal your 12-word secret recovery phrase (SRP).

  5. 5

    Write down your 12-word SRP and store it in a safe and secure location. Be sure to write down your SRP exactly as it's displayed, with the correct numbering and spelling.

    For best security practices, consider manually writing down your SRP on a physical object such as a piece of paper (which you can laminate and keep in a fireproof safe or safety deposit box) or a metal solution such as Cryptosteel or Blockplate.
    Important: Do not take a screenshot of your SRP, nor email or text it to yourself, or generally store it anywhere on your device unless storing in an encrypted password manager.
  6. 6

    Once you have saved your SRP in a secure location, tap Next.

  7. 7

    Verify your SRP. You will see the 12 words from your SRP displayed on the screen; tap the words in the correct numerical order, then tap Verify.

  8. 8

    You may then choose to enable Biometrics (FaceID or finger scan) for your Kraken Wallet app. Tap Secure Wallet to enable biometrics; otherwise, tap Skip.

    secure wallet
  9. 9

    Tap Agree & Continue to finish setting up your wallet.

    KW

IMPORTANT: It is crucial that you store your Secret Recovery Phrase (SRP) in a safe and secure place.

Your SRP is like a master key for your wallet: if you lose access to your wallet and don't have your SRP, you will not be able to recover your assets. Never share your SRP with anyone.

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