Staking

Earn Rewards by staking coins

Staking is a great way to maximize your holdings in staking coins that would otherwise be sitting in a wallet or trading account. Once you have staked your coins, you can earn staking rewards on top of your cryptocurrency holdings and grow them further by compounding those future rewards.

 

Get staking coins

Buy or fund your Kraken account with one of the coins that are eligible for staking below.

 

Select a coin to stake

Choose from the available coins in your spot wallet.

 

Earn rewards

You will receive rewards twice a week from your staked coins.

Tezos (XTZ)

Tezos (XTZ)

Yearly rewards
+6.0%

Stake
Cosmos (ATOM)

Cosmos (ATOM)

 

Coming Soon
Dash (DASH)

Dash (DASH)

 

Coming Soon

 

What are staking rewards?

You can earn rewards when you stake coins for a period of time as an incentive to acquire and hold onto staking coins. Some coins may require a bonding period. To earn staking rewards, simply select the coin you wish to stake and once it has finished bonding, it will be ready to start staking and earning rewards twice a week from the Proof of Stake process.

What is Proof of Stake?

Popular coins like Bitcoin are proof of work, meaning they’re generated by using machines competing to solve complex equations to “mine” coins. Proof of stake works differently by choosing from a pool of people holding the PoS coin. A proof of stake “validator node” can be added to the pool by staking coins for a certain period of time. The benefit of this is it removes the need for powerful computers to mine coins and it gives PoS validators a more reliable, arguably fairer source of income.

Staking Coins

These are the types of coins that you can earn rewards on through Kraken’s staking service. For example, coins such as Tezos (XTZ), Dash (DASH) and Cosmos (ATOM) can be purchased on Kraken and staked to earn rewards.