Frequently asked questions

Question 1

What is Kraken Wallet?

Accepted Answer

Kraken Wallet is categorized as a software wallet and hot wallet. Kraken Wallet is a self-custody mobile wallet developed by Kraken, allowing users to store and manage crypto assets, NFTs, and DeFi positions across multiple chains.

Question 2

Is Kraken Wallet safe & legit?

Accepted Answer

Kraken Wallet has not experienced any major scandals, hacks, or criminal charges. Kraken Wallet is open source and noncustodial with privacy-first design (collects minimal data and shields IP addresses), uses robust biometric and password encryption, and underwent independent security audits by Trail of Bits.

Question 3

Who created Kraken Wallet?

Accepted Answer

Kraken Wallet was created by Payward, Inc. a major U.S.-based company, who also created the crypto exchange Kraken.

Question 4

Where is Kraken Wallet's company based?

Accepted Answer

Payward, Inc. the company behind Kraken Wallet, is headquartered in San Francisco, California, United States. Kraken Wallet has not undergone any rebranding.

Question 5

How does Kraken Wallet work?

Accepted Answer

Kraken Wallet runs as a mobile app (iOS and Android) that generates and stores private keys locally protected by a recovery phrase. Kraken Wallet supports multiple networks including Bitcoin, Ethereum, Solana, Dogecoin, Polygon, Arbitrum, Base, Optimism, and Blast. Kraken Wallet makes it possible to manage crypto, NFTs, and DeFi, and integrates dApp support.

Question 6

When was Kraken Wallet launched?

Accepted Answer

Kraken Wallet was launched around April 17 2024

Kraken Wallet