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Is kraken.com legit? (feddit.uk)

submitted 1 month ago by Vitaly@feddit.uk to c/asklemmy@lemmy.ml

5 comments fedilink hide all child comments

cross-posted from: https://feddit.uk/post/19668588

I want to invest in some crypto, I know that this requieres ID verification usually. Is https://www.kraken.com/ a good website for investing? Because I don't really want to send my ID to some dudes on the internet. Thank you

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[–] otherbarry@lemmy.zip 10 points 1 month ago (1 children)

They are a legitimate crypto exchange.

Pretty sure they do ID verification depending on residency but you'd need to check their site for specifics.

[–] Im_old@lemmy.world 5 points 1 month ago

Yeah they do KYC (know your customer). Pretty straightforward anyway.

[–] zagaberoo@beehaw.org 4 points 1 month ago (1 children)

Yep, Kraken's been a big player in the exchange space for a long time.

[–] DieserTypMatthias@lemmy.ml 1 points 3 weeks ago

AFAIK they also helped when the Mt.Gox hack happened.

[–] AsudoxDev@programming.dev 3 points 1 month ago

Yes but they have KYC.