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Home»Bitcoin»Overview of iCloud Backup for Kraken Wallet
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Overview of iCloud Backup for Kraken Wallet

October 18, 2024No Comments4 Mins Read
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Kraken Wallet now offers encrypted iCloud backups for your Secret Recovery Phrase (SRP). This feature provides a simple and secure way to store your SRP and retrieve your wallet, ensuring you always have access to your cryptoassets.

Self-care with complete peace of mind

Kraken Wallet users enjoy custodial freedom, maintaining full control over their own funds. However, with this power comes the responsibility to protect your PRS. An SRP, also known as a seed phrase or mnemonic phrase, is a set of randomly generated words permanently associated with a crypto wallet that allows a user to access and restore or migrate that crypto wallet.

If you lose access to your wallet and do not have your SRP, you will not be able to recover your assets. The most common way to maintain your SRP is to write it down manually and keep it in a safe place. While we encourage all users to take this important step, we want to provide additional peace of mind. That’s why we introduced encrypted iCloud backup.

This new feature encrypts your 12-word SRP and stores it securely in a unique access key. By leveraging iCloud Keychain infrastructure, your passkey is automatically synced across all your devices. This means you no longer have to worry about lost or new devices.

Recovery is simple: you can import your iCloud backup in just a few clicks. You will also always have the option to manually import your SRP.

Best-in-class security

Kraken takes security extremely seriously, which is why we hired Trail of Bits, an industry-leading security auditor, to conduct a thorough review of our code. You can read their full report for yourself.

We built iCloud Backup using industry-leading security features.

  • Encrypted cloud recovery using passkeys with the Large Blob extension for iOS. Compatible with iOS 17 and later
  • The Large Blob extension allows secure storage of user-specific data that is cryptographically linked to a Passkey identifier. (Your SRP is stored directly with the Passkey)
  • This data can only be retrieved when the user successfully authenticates with the access key

What does all this mean? You don’t need to trust Kraken or Apple to know your recovery passphrase is stored securely. In simple terms, only you Press and hold to view and use your SRP. Apple can’t see it, and neither can we.

Get started with iCloud backup today

We’ll show how simple it is to create and import your iCloud backup. For step-by-step instructions, refer to our Help Center guide.

Create a backup

It’s quick and easy to create a backup with Kraken Wallet, whether you’re a new or existing user.

New users can simply tap the Back up with iCloud option when creating a wallet. You will then always have the option to manually save your secret recovery phrase for added security.

Existing users can go to Settings and tap the button Back up with iCloud option to get started.

Import a backup

Simply press the Import and select Import from iCloud.

Don’t have Kraken Wallet yet? Get yours today!

These materials are intended for general information purposes only and do not constitute investment advice or a recommendation or solicitation to buy, sell, stake or hold any crypto-asset or to engage in any trading strategy. specific trading. Kraken does not and will not endeavor to increase or decrease the price of any particular crypto-asset it makes available. Some crypto products and markets are unregulated and you may not be protected by government compensation and/or regulatory protection programs. The unpredictable nature of cryptoasset markets can result in losses of funds. Tax may be payable on any returns and/or increases in the value of your cryptoassets and you should seek independent advice on your tax situation. Geographic restrictions may apply.




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