Kraken Exchange App
Custodial exchange account on web and mobile
We reviewed Kraken Exchange App using 3 official and public sources. The notes below focus on custody, recovery, and security trade-offs.
Kraken Exchange is a custodial hosted account and must remain separate from the Kraken Wallet self-custody product.
- users who explicitly want hosted exchange custody and account recovery
- comparison readers evaluating Kraken Exchange against Kraken Wallet
Key specifications
- Brand
- Kraken
- Role
- Custodial Exchange App
- Custody
- Custodial
- Platforms
- WebiOSAndroid
- Networks
- multi-chain
- Pricing
- Free
Free to download and use
Exchange account recovery is distinct from Kraken Wallet's secret recovery phrase.
- Key setup
- Custodial Account
- Backup options
- account credentialsidentity verification2FA and security recovery procedures
Custodial exchange risk includes account takeover, identity fraud, platform/custody and counterparty exposure, withdrawal controls, outages, and regulatory restrictions.
- Encrypts keys locally
- Unknown
- Privacy note
- KYC and hosted-account identity are defining properties of this comparison-only record.
Third-party providers can affect uptime, privacy, and recovery. They are documented here for context, not as ranking points.
- Kraken exchange custody (Custody; KYC: Required)
- Banking and payment providers (Other; KYC: Required)
- Affiliate
- No affiliate relationship recorded
Sources we checked
3 sources reviewed, with 3 documented claims tied to specific fields.
- Kraken Wallet versus Exchange
Kraken states that Kraken Exchange has full custody of crypto assets on the platform.
- Kraken Wallet versus Exchange
Kraken explicitly distinguishes its custodial exchange from the separate self-custody Kraken Wallet.
- Kraken custodial and non-custodial wallets
Kraken describes custodial accounts as offering account-recovery options while users do not control the underlying keys.
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