Kraken Launches Crypto Wallet To Save Coins And NFT

JAKARTA - Kraken, one of the largest crypto exchanges in the United States, has launched Kraken Wallet, a self-custodial mobile wallet that offers high-level security and privacy. This launch marks an important step for Kraken in providing services that allow users to have full control over their digital assets.

Kraken Wallet is designed with a focus on privacy and self-custody, providing users with the ability to safely manage tokens, NFTs, and their DeFi assets across blockchain networks such as Bitcoin, Ethereum, Polygon, Dogecoin, Base, Solana, and Arbitrum. This feature ensures that users can connect to various popular decentralized applications while getting the support of available customer services 24/7.

In terms of security, Kraken Wallet prioritizes user data protection. This wallet does not store login details, email addresses, or KYC data, and hides the user's IP address to maintain maximum privacy. In addition, Kraken has publicly released the Kraken Wallet source code on the GitHub developer platform, demonstrating their commitment to transparency and security.

However, it's important to note that Kraken Wallet is still a hot wallet due to limitations with Apple's iOS CryptoKit. This means that the app requires additional internet and software connections for the transaction signature process, which could potentially reveal personal keys during this process.

With the launch of Kraken Wallet, Kraken not only strengthens its position as a leader in the crypto industry but also provides users with powerful tools to manage their digital assets in a more private and secure manner. This is a significant step forward in a sustainable effort to promote wider crypto adoption and strengthen infrastructure that supports the growing digital economy.