Are your assets safe on Kraken??
Are your assets safe on Kraken??
I was about to make another deposit through Kraken app, as I was prompted to update the app.
I followed to an App Store to try and make sure it’s the right App and all and before updating I started reading this App reviews.
To be honest I am a little concerned now, because there people saying in the reviews that their accounts were closed without any explanation for security reasons.
Could you please tell me what you think about it??
I’m with Kraken for many years now. Never had any issue.
As they are registered financial institution the have to comply with laws (KYC …) and I believe most of the bad reviews you found was done by “not so much law abiding” users or just someone who lives in crypto hostile jurisdictinon and kraken was forced to do some action.
As of my opinion. Your funds are safe with them as long as not violating AML and other policies.