What is a Kraken crypto wallet?

Kraken is a platform for buying and selling cryptocurrency based in San Francisco and founded in 2011 by Jesse Powell, a graduate of California State University, famous for not having studied computer science, but rather philosophy and law. This anecdote is original enough to have the merit of being highlighted, as this is far from being the norm in the crypto universe where the study of mathematics and obviously computer science is commonplace.

The goal for Jesse Powell is to make crypto currency accessible to the largest number of people and to make them understand that cryptos are a door to independence because they are not dependent on a power such as the States and not subject to inflation. Ethics was also one of the subjects Jesse Powell studied when he was still a student.

Kraken therefore acts as a matchmaker between buyers and sellers of cryptos and enjoys an excellent reputation in the virtual currency community.

Kraken has a little more than 9 million customers conducting transactions across more than 190 countries for a quarterly trading volume of over 207 billion dollars.

➡ Operation

En revanche, et la plateforme insiste à ce sujet, Kraken n’est pas un portefeuille !

En effet, le principe de fonctionnement est le suivant : les clients déposent des fonds dans le portefeuille d’entreprise. Il ne s’agit donc là que d’un dépôt pendant que ces mêmes fonds sont soient :

• exchanged
• used for trading
• used for staking

Staking is the act of immobilizing cryptocurrency for a relatively long period of time in order to make a profit. Staking can therefore be compared to a financial investment, accessible and profitable, as a rule.

Under no circumstances does the platform provide a personal portfolio service.

In order to buy crypto-currency on Kraken, it is possible to use the Apple Pay wallet or Google Pay or any other service of material portfolios such as : Trezor  or even Ledger.

Physical portfolios are real physical devicesThey are non-virtual, a bit like USB keys. They do not require an internet connection to work and allow a highly secure storage of private keys.

Comment récupérer l’argent du compte Kraken ?

It will not be possible for you to withdraw money directly from the deceased's Kraken account, even if you have access to it, because the security system put in place by the platform does not allow you to enter a bank account whose holder's name is different from that of the Kraken account holder.

Also, you will need to provide Kraken with identification and proof of your status as a legatee or executor as well as the Kraken account ID of the deceased.

You must therefore begin by filling out a form that will be sent to the platform's compliance team, through this link.

The team will then contact you to inform you of the procedure to follow to recover the money from the deceased's account.

Parce-que posséder l’identifiant et le mot de passe du compte d’un défunt ne suffit pas toujours pour alléger sa procédure de clôture, l’ouverture d’un compte sur Legapass permet d’en simplifier d’autres à vos proches ! Alors pensez à eux en create your account !