Are balances stored on Kraken insured?

Cryptocurrency exchanges do not qualify for deposit insurance programs because exchanges are not savings institutions. Exchanges are not even meant to be cryptocurrency wallets.

Nonetheless, we take great care to protect the assets of our clients from loss. We were founded in July 2011 and have been operating since May 2013. We're now one of the oldest, largest, and most trusted cryptocurrency exchanges.

Please note that no amount of security on our end can make up for poor personal security. It is vital for clients to take advantage of the account security tools and advice that we offer.