World Crypto Global
- Written by: Tareq Sikder
- Wed, 17 Apr 2024
- Israel
The recent introduction of Kraken Wallet has marked anadvancement in cryptocurrency adoption. This self-custodial wallet isengineered to streamline on-chain transactions. Kraken Wallet emphasizessimplicity, security, and functionality, with the overarching goal ofbroadening accessibility to decentralized finance.Access to Decentralized Finance: Wallet's User-CentricDesignRegardless of whether individuals are Kraken clients or not,the multichain Kraken Wallet serves as a conduit to the decentralized financialecosystem. Emphasizing privacy and security, it enables users to maintaincustody of their digital assets and data, underpinned by Krakens securityprotocols.With an intuitive user experience, Kraken Wallet eliminatesthe need for complex network switching or the management of multiple seedphrases. Key features include comprehensive portfolio tracking, support formultiple blockchains, WalletConnect integration for access to decentralizedapplications, and round-the-clock customer support.Meet the brand new Kraken Wallet: simple, secure, powerful. Manage multiple wallets Multi-chain support Manage NFTs & DeFi positions IP privacy & Encryption No client side trackingDownload now https://t.co/EYHweJGDzV pic.twitter.com/jLbldh9j6k Kraken Exchange (@krakenfx) April 17, 2024The Wallet collects only essential data necessary for itsoperation. User activity is routed through Krakens infrastructure to safeguardIP addresses and shield personal information from external exposure. The walletdoes not retain any user sign-in details, email addresses, or KYC information.EXCLUSIVE: Crypto exchange @krakenfx is releasing their own self-custody wallet, Kraken Wallet, to compete in the crypto wallet space with offerings like @coinbase wallet and @MetaMask - @cryptauxmargaux reportshttps://t.co/PTGFT8lxQh CoinDesk (@CoinDesk) April 17, 2024Entering the Crypto Wallet Market in Alignment withCompetitorsThe security of Kraken Wallet is fortified through variouslayers of protection, including biometric authentication and encrypted userpasswords. To ensure security measures, the wallet underwent a security auditconducted by Trail of Bits, known for its expertise in cybersecurity.The launch of Kraken's new wallet brings it into alignmentwith the competitors like MetaMask, Ledger, and Trezor within the bustlinglandscape of cryptocurrency wallets. While Coinbase's offering holds sway withits widespread popularity, competitors like Binance and OKX also cater to userswith their own wallet solutions.This article was written by Tareq Sikder at www.financemagnates.com.
