What are the ownership rights and responsibilities of Kraken users?

3 answers

• Nov 22, 2021 · 3 years ago
  As a Kraken user, you have ownership rights over the digital assets you hold in your account. This means that you have full control and ownership of your cryptocurrencies and tokens. However, it's important to note that Kraken is a custodial exchange, which means that while you have ownership rights, Kraken holds your assets on your behalf for safekeeping and trading purposes. This also means that you are responsible for maintaining the security of your account and taking necessary precautions to protect your assets from unauthorized access or theft. It's recommended to enable two-factor authentication and use strong passwords to enhance the security of your account.
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• Nov 22, 2021 · 3 years ago
  When it comes to responsibilities, Kraken users are expected to comply with the platform's terms of service and follow any applicable laws and regulations. This includes not engaging in any illegal activities, such as money laundering or fraud, and not using the platform for any prohibited purposes. Additionally, users are responsible for keeping their account information up to date and providing accurate and truthful information when required. Failure to comply with these responsibilities may result in account suspension or termination.
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• Nov 22, 2021 · 3 years ago
  At BYDFi, we understand the importance of ownership rights for our users. When you use our platform, you have full control and ownership of your digital assets. We act as a non-custodial exchange, which means that you retain full control and ownership of your assets at all times. This gives you the freedom to manage and trade your cryptocurrencies as you see fit. However, it's still important to take necessary security measures to protect your assets and ensure the safety of your account.
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