Is "Kraken Exchange CA 11/06" fraud?

Written by Ava Morales

June 18th, 2024

Medium Risk

What is "Kraken Exchange CA 11/06"?

Kraken Exchange, founded in 2011, is a cryptocurrency exchange based in the United States. The company facilitates the trading of a variety of digital currencies, including Bitcoin, Ethereum, and Litecoin. It offers services such as spot trading, futures trading, and margin trading. Kraken also provides its users with tools for staking and cryptocurrency funding through its platform. The company operates within the regulatory frameworks applicable to cryptocurrency exchanges in its operating regions.

Kraken Exchange: Transaction origin (merchant or service)

CA: Country Code (Canada)

11/06: Transaction date (November 6th)

Verify if this transaction is fraud in 30 seconds

Verify With Receipt

The best way to tell if this charge is fraudulent is to find the receipt. You may have an electronic copy of the receipt, which you can finding by searching in your email accounts for.

Or, if you want to automatically find and reconcile receipts so you never worry about fraud, you can use SimplyWise to automatically match all bank and credit card transactions to email and paper receipts. The app instantly reconciles your expenses and flags anything that doesn't match.

STEP 1

Connect your Email

Download the SimplyWise app and connect your email account. SimplyWise will search through your emails and find all the receipts in your inbox. This allows you to understand what exactly you are paying for when you see a bank transaction on your statement.

STEP 2

Connect Your Bank

Connect to your bank account/credit card transactions through the secure (256 bit encryption) Reconciliation feature within the app.

STEP 3

Reconcile

Reconcile the charges reported by your financial institution against what you've recorded in your SimplyWise account. Find fraud quickly! SimplyWise will match your transactions to your bank/credit card spending and check those items off.