Diversifying your investments across different areas like digital assets and real estate is a smart strategy to boost your gains while keeping risks low. This approach has led to the rise of portfolio tracking services, which help consolidate all your financial assets in one spot. This centralized information can be crucial for making informed financial decisions and reaching your investment goals.

Enter Kubera, a well-regarded platform that aims to give you a clear picture of your net worth by keeping tabs on your various assets, debts, and investments. As we move more of our financial management online, it’s natural to question the security of such platforms. So, the burning question is: Is Kubera Safe? Given that Kubera handles sensitive financial details, it’s a valid concern for anyone thinking about using the service.

In this article, I’ll explore Kubera in depth, looking at what it offers and its overall trustworthiness to help you figure out if it’s safe and the right fit for your financial tracking needs.

Learn More About Kubera

What is Kubera?

Kubera brands itself as the “world’s most modern wealth tracker,” and it’s hard to dispute that claim considering over $20 billion is monitored via its service. This remarkable achievement highlights the platform’s rapid ascen.

The service is split into two distinct offerings: one designed for financial professionals such as advisors, portfolio managers, and family office personnel, and another tailored for affluent individuals who prefer to oversee their own investment portfolios.

Kubera has a clean, intuitive user interface, comprehensive back-end connection capabilities, and the facility to monitor decentralized finance (DeFi) assets across a variety of blockchains.

Founded by Rohit Nadhani, Kubera connects to extensive financial data aggregation services, accessing over 20,000 banks and supporting a vast array of global currencies, including digital ones. Its design prioritizes simplicity and user-friendliness, ensuring that you can track and update your financial information without getting overwhelmed by complexity.

Is Kubera Safe?

When evaluating the security features of Kubera, it’s crucial to address the important question: Is Kubera safe? Here’s my breakdown of the platform’s security measures:

• Third-Party Financial Aggregators: Kubera uses reputable services like Plaid, Mastercard, Yodlee, Flinks, Lean, Akahu, and Salt Edge for banking and brokerage integrations, ensuring your credentials are only entered on secure, official pages.
• Crypto Exchange and Wallet Security: Credentials for crypto exchanges and wallets are entered on the official oAuth pages, and Kubera only requests read-only permissions for API keys and passphrases, preventing unauthorized transactions.
• Blockchain Wallet Addresses: For blockchain wallets, Kubera requires only the address, adding a layer of security without excessive access to your funds.
• Employee Access Restrictions: Kubera employees with access to encryption keys are legally bound not to access user data, ensuring your information remains private.
• Two-Factor Authentication: An additional layer of security that users can enable to protect their accounts further.
• Data Privacy: Kubera pledges not to sell user data. Shared information with third parties is handled securely, maintaining user privacy.
• Account Deletion Protocol: Upon user request, Kubera promptly deletes data from the primary database and ensures its removal from backups within 30 days.
• Data Encryption: Implements encryption at-rest and in-transit, safeguarding your data both while stored and during transmission.
• External Security Audits: Regular audits are conducted by external security firms to ensure ongoing protection and identify any potential vulnerabilities.

Kubera Pricing

Kubera has two main subscription options: one tailored for personal use and another for financial experts and businesses.

The personal plan costs $150 annually, but there’s a 14-day trial available for just $1.

For financial advisors, portfolio managers, and family enterprises, subscription rates begin at $150 each month.

Additionally, Kubera provides a business-to-business (B2B) application, a White-label service, aimed at financial advisors and companies offering financial products. This service can be offered to their clients as an added benefit. To arrange a specific plan, you’ll need to get in touch with their sales team, as prices vary.

Who is Kubera Best For?

Kubera is tailored for individuals, professionals, and small family businesses focused on actively managing and expanding their wealth. It is an excellent option for those focused on their financial well-being, offering more comprehensive features than many free net worth tracking apps.

The platform excels for those needing to monitor various investments, insurance policies, and liabilities all in one place. Its document storage and portfolio sharing capabilities can significantly simplify estate planning. However, Kubera may not be the right fit for those seeking additional services like investment management, access to financial advisors, budgeting tools, or financial calculators.

What sets Kubera apart is its ability to handle a diverse array of asset types, making it a valuable tool for modern investors juggling cryptocurrency, real estate, stocks, and more.

Despite its higher price point, Kubera addresses a common challenge among today’s investors: effectively tracking net worth across multiple assets, which can be complex and time-consuming. Therefore, it stands as a top choice for net worth and portfolio management.

Final Thoughts

When it comes to managing finances, spreading your investments across various sectors, including digital assets and traditional bank accounts, is crucial. Kubera serves as an effective financial planning tool, centralizing your financial portfolio, from bank accounts to cryptocurrency exchanges, in one accessible location. For those pondering, “Is Kubera safe?” rest assured, it employs stringent security protocols to safeguard your financial accounts and personal capital.

Kubera’s subscription model is designed to cater to a range of needs, with individual plans starting at $150 annually. It’s particularly beneficial for estate planners or anyone managing a diverse set of alternative assets. This platform is an excellent choice for those looking to consolidate their financial planning tools into one streamlined service.

If optimizing your financial portfolio while ensuring the security of assets like those in cryptocurrency exchanges or traditional bank accounts is a priority, consider Kubera.

Click Here to discover more about how Kubera can revolutionize your approach to personal capital and financial management.

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