🐙 Kraken Wallet review: security, features and score
75/100SCORE · BTrustedSelf custody, seed phrase
Grade B, very good
Kraken customers moving into self custody with a wallet they can audit.
The facts
- DEVELOPER
- Kraken
- LAUNCHED
- 2024
- TYPE
- Mobile
- CUSTODY MODEL
- Self custody, seed phrase
- KEY MODEL
- 12 word seed phrase
- CHAINS
- Bitcoin, Ethereum, Solana and 8 EVM chains
- PLATFORMS
- iOS, Android
- OPEN SOURCE
- Full
- AUDITS
- Fully open source, audited
- HARDWARE SUPPORT
- None
- SWAP COST
- Routing fee.
What it can do
How the score breaks down
Each dimension is explained on the methodology page.
Where it is strong and where it is not
✓ Strengths
- Fully open source, which almost no exchange wallet is
- From the exchange with the industry's best security record
- No tracking or analytics
- Clean and simple
✗ Weaknesses
- No hardware wallet support
- No staking
- Mobile only and newer
Incident history
No security breach or significant incident on record.
Like every self custody wallet, Kraken cannot recover this for you even though Kraken can recover your exchange account.
Reputation and reviews
A reputation score out of 100, kept separate from the feature score above. It reflects what users actually report over time rather than a star rating scraped on one day.
REPUTATION
77/100
Unusual for an exchange wallet in being fully open source. Newer and less featured than Trust Wallet, but it comes from the exchange with the best security record in this directory.
Check current reviews yourself
Star ratings change constantly, so we link to the sources rather than printing a number that is out of date the day after it is written.
If something goes wrong
COMMON FIXES
Transaction stuck pendingYour transaction has sat as Pending for minutes or hours and nothing is moving.Transaction failed but the gas was still takenThe transaction reverted, you got nothing, and the fee left your wallet anyway.Token is not showing in my walletThe block explorer shows the tokens arrived, but the wallet shows nothing.I sent tokens to the wrong networkYou withdrew to your address but picked the wrong chain, and the balance is not where you expected.
RISK WARNING
Crypto assets are highly volatile and largely unregulated. You can lose everything you put in.
Nothing on this page is financial, investment or tax advice, and nothing here is a recommendation
to buy or sell any asset. Do your own research and never commit money you cannot afford to lose.