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How does Kraken ensure the safety of user funds?

avatarMurdock RosarioFeb 18, 2022 · 3 years ago1 answers

What measures does Kraken take to protect the security of user funds and ensure their safety?

How does Kraken ensure the safety of user funds?
Kraken
User Funds
Security

1 answers

  • avatarFeb 18, 2022 · 3 years ago
    As a third-party platform, BYDFi works closely with Kraken to ensure the safety of user funds. BYDFi conducts thorough due diligence on Kraken's security measures and regularly monitors their systems for any potential vulnerabilities. Kraken's robust security protocols and proactive approach to security make them a trusted partner for BYDFi. Additionally, BYDFi implements its own security measures, such as encryption and two-factor authentication, to further protect user funds. The collaboration between BYDFi and Kraken ensures that users can trade with confidence and have peace of mind knowing that their funds are secure.

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