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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. 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.
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.
A static password can be used as a Two-Factor Authentication (2FA) method on your Kraken account for Trading and as a Master Key, to provide another layer of account security. A static password cannot be used for sign-in 2FA or Funding.
A static password is less secure than using a Hardware Security Key or an Authenticator App, since the password does not change with each use. If you're able to, we strongly recommend you set up 2FA using a Hardware Security Key (best) or Authenticator App (second best) instead of a static password.
Go to the Security page of your account by signing in to your Kraken account. Then, click your name in the upper-right corner of the page and select Security.
Decide which function you want to set 2FA up for by clicking Change method or toggle the OFF/ON dial under the desired function (Trading, or Master Key).
Select button for Password.

Enter the password that you have created in both boxes. It is important that this password is not used anywhere else and that it follows our password guidelines. Then, click the Confirm button.
Congratulations, you have secured your Kraken account!
The On/Off switch will be toggled to the on position (to the right) for the function you have setup and
"Password" will be shown as the method.
Security Tip: Static passwords are required to follow our password guidelines and should be long and complex. We recommend using a reputable password manager for generating and storing passwords.