Required Legal Notice: Virtual currencies, real risks. The only guarantee in crypto is risk. Read more

Required Legal Notice: Virtual currencies, real risks. The only guarantee in crypto is risk. Warning: The value of your virtual currencies can rise or fall sharply, and your initial investment may be lost completely; virtual currencies are not covered by the guarantee funds that cover bank deposits; there is no legal mechanism on the virtual currencies market to prevent market manipulation or insider dealing; virtual currencies depend entirely on a specific computer technology and infrastructure, which in certain cases may be very recent and not yet adequately tested; if one loses the identification code or password giving access to the virtual wallet in which the virtual currency is stored, the currency held therein will be irretrievably lost; virtual currencies are currently accepted as a means of payment to a limited extent, and in most countries there is no legal obligation to accept them; for more information about the risks associated with an investment in virtual currencies, we advise you to read the Wikifin page What is a cryptocurrency? | Wikifin.

Do not participate in ICOs or token sales directly from your Kraken account

Last updated: 31 сакавіка 2025 г.

You should not participate in an Initial Coin Offering (ICO) or token sale directly from your Kraken account.

The reason is because Kraken Exchange is not a wallet service and in an ICO / token sale tokens are assigned to the address the funds were sent from.

Like most digital asset exchanges, Kraken uses a combination of cold storage and a hot wallet, so your sending address for a digital asset will not be the same as your deposit address.

This means that if you're depositing into an ICO / token sale address, Kraken's hot wallet will be the depositor and not your personal Kraken deposit address. As such, you will not have control over the tokens sent to this address and we will have no way of knowing that those tokens belong to you.

Recovering tokens from an ICO / token sale that have been assigned to a Kraken withdrawal addresses is not possible.

Our platform does not support the vast majority of tokens.

We strongly recommend that you participate in any ICO / token sale from a wallet to which you control the private keys.

Do not participate in ICOs or token sales directly from your Kraken account

Need more help?