Is Kraken reliable for large crypto transactions and long-term Bitcoin storage?

Kraken is considered a secure platform for large crypto transactions and short-to-medium-term storage, thanks to features like offline cold storage for 95% of assets, two-factor authentication, and an OTC desk for high-volume trades.

However, its reliability for long-term Bitcoin storage is debated. Regulatory issues—such as the SEC’s lawsuit accusing Kraken of operating an unregistered securities exchange and mishandling client assets—raise concerns about long-term stability.

Additionally, global user reviews on sites like Xolvie mention slow customer service and unresolved issues.

This is the information we have, but if you have more insights from your experience, please share in the comments.