Kraken Staking
Kraken Staking allows you to earn Kraken staking rewards. In this article we will go over how to stake and earn staking rewards on Karken.
Kraken is the 2nd biggest cryptocurrency exchange in the United States. Kraken holds a majority of the most popular cryptocurrencies and also supports the 2nd highest amount of staking reward opportunities for cryptocurrencies for US exchanges. Earning interest on supported cryptocurrencies is simple on Kraken and there are no minimum requirements.
Staking on Kraken
Supported Cryptocurrencies
Not all cryptocurrencies can be staked to earn interest. Furthermore, even if a cryptocurrency can be staked, the exchange may not provide staking rewards for that cryptocurrency. Kraken currently provides staking rewards on 10 cryptocurrencies, all of which are highly recommended cryptocurrencies to have.
DOT | KSM | KAVA | ATOM | XTZ | FLOW | ETH | ADA | SOL | ALGO
- Click the links for guides on how to stake the cryptocurrency.
How To Earn Staking Rewards on Kraken
Earning staking rewards on Kraken is simple. Follow these steps to start earning interest on supported cryptocurrencies.
- Note: If you want to stake Ethereum, it will be locked and unable to be traded until Ethereum 2.0 comes out. This does not apply to other supported cryptocurrencies.
- Go to the “Earn” tab.
2. Click on the “Stake” icon for whichever cryptocurrency you want to earn interest on.
3. Follow the prompts until staking is complete.
After following these 3 steps, your cryptocurrency will be staked. Staking rewards are distributed weekly or bi-weekly depending on the cryptocurrency.
Final Thoughts
Kraken is a great cryptocurrency exchange to use and is relatively easy to earn interest on supported cryptocurrencies. Rewards are distributed at better rates than their competitors and the interest rates are also very good.
Earn Kraken staking rewards by staking on Kraken. Visit Crypto Staking Rewards to learn how to stake crypto, earn staking rewards, cryptocurrency staking benefits, and where to find the best staking rewards.
