Strengthen your account security with passkeys and various forms of two-factor authentication (2FA).

Various 2FA methods and passkeys

We’re further strengthening our commitment to client security by introducing multiple 2FA methods during the login process. This ensures that customers are not limited to a single device or method to access their account.

This basic security measure, combined with the introduction of Device-Bound Passkeys, provides the optimal balance of security and convenience. By integrating Passkeys, Kraken embraces the new secure login standard developed by the FIDO Alliance and World Wide Web Consortium.

Since 2022, Kraken has supported FIDO2 credentials through hardware security keys. There are natural barriers to adoption and use of this method due to its cost and complexity. The adoption of Passkeys changes this narrative by introducing flexible choices when choosing a 2FA method.

Strengthen security resilience with various 2FA methods

Enabling multiple 2FA methods on your Kraken account will greatly increase the resilience of your security posture. Kraken’s support for up to five passkeys and one authenticator app provides a comprehensive approach to account security.

With Passkeys, clients can now store their FIDO2 credentials on their phones, laptops, password managers, and browsers. This development extends the strongest 2FA methods beyond hardware security keys, making 2FA accessible to all clients.

Passkey significantly simplifies the 2FA experience by integrating biometric authentication such as fingerprint or facial recognition to provide a seamless authentication process. This means clients no longer need to switch contexts to retrieve a one-time code from the authenticator app or connect a separate hardware device. Instead, Cipher Keys provides a secure and user-friendly alternative.

Benefits of adding various forms of 2FA for increased security

Enabling multiple 2FA introduces a security framework that significantly reduces the risk of a single point of failure if one of the methods is lost or compromised. By enabling multiple 2FA methods for login, you get:

• Enterprise-grade security: FIDO2-compliant 2FA with Passkey provides an additional layer of protection against phishing attacks.
• Versatility: Provides backup options in case one of the multiple access methods is not available
• Increased protection for high-risk operations: Additional security checks for sensitive account operations protect against unauthorized transactions.
• Adhere to best security practices: A proactive security posture based on recommendations from cybersecurity experts, including:

We all hate finding that one lost sock. Don’t let that happen to your seed phrases either. Check your security hygiene 🛁

Here’s how to do it in Kraken CSO: @c7five and @Kitboga 📝 pic.twitter.com/bSSQ1qZ6Bd

— Kraken Exchange (@krakenfx) January 29, 2024

Enabling Multiple 2FA Methods: A Step-by-Step Guide

1. Access 2FA security settings: Go to your profile icon in Kraken Pro, select Settings > Security and look for the 2FA option.
2. Add passkey: Click the Add Passkey button to add up to 5 devices to further secure your Kraken account.

Manage 2FA Settings: Personalization and Flexibility

Kraken’s commitment to user-friendly security extends to 2FA settings management, providing both personalization and flexibility. Kraken allows customization of 2FA descriptions, making it simpler to manage and identify multiple security methods at a glance.

Whether you’re using an authenticator app, passkey, or hardware security key, being able to assign a descriptive name to each method improves your ability to effectively navigate and control your security settings.

Kraken’s interface is also designed to make it easy to update or remove 2FA methods, allowing you to adjust your security measures as your needs or circumstances change.

Strengthen your account security today. Adopt a variety of 2FA methods from Kraken and secure your cryptocurrency journey with unparalleled peace of mind.