About Kraken
Kraken, founded 2011 in San Francisco, is a leading Bitcoin custody provider offering secure storage and management with institutional-grade security and regulatory compliance.
Kraken Custody Overview
Custody Type
Hosted Custody
Cold Storage
95%+ cold storage
Insurance
Industry-leading security reserves, proof of reserves published
Pricing
Contact for pricing
Licenses
State money transmitter licenses, Wyoming SPDI charter (via subsidiary)
Wallet Type
Cold Storage + HSM
Custody Features
✓ Yes Qualified Custodian
✓ Yes Insurance Coverage
✓ Yes Asset Segregation
✓ Yes Proof of Reserves
✗ No MultiSig Support
✗ No API Access
✓ Yes Mobile App
✗ No Hardware Wallet Support
✓ Yes Institutional Services
✓ Yes Staking Services
✗ No Bitcoin Only
Security & Storage
| Cold Storage | 95%+ cold storage |
| Insurance Coverage | Industry-leading security reserves, proof of reserves published |
| Qualified Custodian | ✓ Yes |
| Asset Segregation | ✓ Yes |
| Proof of Reserves | ✓ Yes |
| MultiSig Support | ✗ No |
Compliance & Regulation
| Licenses | State money transmitter licenses, Wyoming SPDI charter (via subsidiary) |
| KYC Required | ✓ Yes |
| Audit Frequency | Regular proof of reserves, annual SOC 2 |
| Regulatory Compliance | SOC 2 Type II |
Services & Features
| Custody Model | Hosted Custody |
| Jurisdiction | United States |
| Supported Assets | BTC, ETH, SOL, DOT, ADA, XRP, 200+ digital assets |
| Minimum Balance | None for standard, custom for institutional |
| Withdrawal Limits | Tier-based, up to $10M+/day for verified |
| Fees & Pricing | No custody fees for exchange-held assets. Trading: 0.00-0.26% maker/taker. Institutional OTC available. |
| Founded | 2011 |
| Supported Wallets | Exchange-hosted wallets, institutional custody |
| Customer Service | 24/7 live support, dedicated institutional desk |
Technical Features
✗ No API Access
✓ Yes Mobile App
✗ No Hardware Wallet
✓ Yes Institutional
Customer Reviews
★★★★☆
5/17/2026
The gold standard for crypto security and professional trading. If you are looking for a cryptocurrency exchange that prioritizes the safety of your funds above all else, Kraken is absolutely the way to go. Having been around since 2011 without ever losing user funds to a major hack, their security track record is unmatched in this industry. I love that they routinely provide public Proof-of-Reserves audits—it gives me complete peace of mind knowing the platform is fully backed and transparent.
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