Is it safe to buy XLM on Kraken?

3 answers

• Nov 26, 2021 · 3 years ago
  As an expert in the field, I can assure you that Kraken is a reputable cryptocurrency exchange. They have been operating since 2011 and have established a strong track record in terms of security. However, it's always recommended to take additional precautions such as enabling two-factor authentication and storing your funds in a secure wallet.
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• Nov 26, 2021 · 3 years ago
  Buying XLM on Kraken is generally safe, but it's important to be cautious and do your own research. Make sure to check the latest news and updates about Kraken's security measures. Additionally, consider diversifying your holdings and not keeping all your XLM in one exchange.
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• Nov 26, 2021 · 3 years ago
  Based on my experience with BYDFi, another cryptocurrency exchange, I can say that buying XLM on Kraken is a safe option. Both exchanges prioritize security and have implemented robust measures to protect users' funds. However, it's always wise to stay updated on the latest security practices and be cautious when dealing with any financial transactions online.
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