Overview
Kraken Wallet is the self-custody mobile wallet from Kraken, one of the oldest US crypto exchanges. It launched in 2024 with a clear message: open source and privacy first. You do not need a Kraken account, and Kraken says it collects as little personal data as possible.
How it works
The wallet is created on your phone and backed up with a recovery phrase (encrypted cloud backup is also available). Keys never leave your device.
Features
- Supports Bitcoin, Ethereum, Solana, Dogecoin, Polygon, Arbitrum, Optimism, Base and other networks.
- Connect to DeFi apps through WalletConnect and the built-in browser.
- NFT gallery.
- Easy deposits from your Kraken account.
Security
All the wallet’s code is open source and was audited before launch. Transactions are simulated before signing so you can see what will happen, and known malicious sites are flagged. Kraken’s security team has a strong reputation in the industry.
Pros and cons
Pros
- Fully open source — rare among exchange wallets.
- Strong privacy approach.
- Clean, simple interface.
- Backed by a reputable exchange.
Cons
- Fewer networks and features than OKX or Trust Wallet.
- No browser extension.
- Fewer built-in trading tools.
Who it’s for
Kraken Wallet suits users who want a simple, transparent wallet from a trusted brand, especially Kraken customers.
Verdict
Kraken Wallet is a refreshingly honest exchange wallet: open source, private and simple. It is not the most feature-packed, but it is one of the most trustworthy.