Is Kraken safe?

Each factor, with its source

Points earned, what was found, and where it was found. “Not counted” means there is no sourced fact yet.

• Proof of reserves– / 30No sourced fact yet — not counted
• Hacks and losses– / 20No sourced fact yet — not counted
• Licences– / 20No sourced fact yet — not counted
• Track record– / 10No sourced fact yet — not counted
• Outflows (7 days)– / 10No sourced fact yet — not counted
• Withdrawal pauses– / 10No sourced fact yet — not counted

Reserves

Kraken is not in DefiLlama’s list of exchanges with published wallets, or the list has not answered yet. No reserve figure is shown rather than a guessed one.

Licences

No licence on record yet. That can mean none exists or that it has not been checked — the matrix on the home page says which.

Hacks and losses

The hacks list has not answered yet.

What if Kraken is hacked?

No user-protection fund is on record for Kraken yet. Even where one exists, it is a promise by the exchange, not deposit insurance.

• Keep only what you are trading on any exchange.
• Hold the rest in a wallet whose keys you control.
• If withdrawals pause, do not deposit more, and ignore anyone offering “recovery”.