Why stake TRX with Kraken?

STAKING CRYPTO

Earn up to 21%* on your crypto

FAQ

Tron staking FAQ:

1. Is there a transaction fee to stake my Tron?

   There is no transaction fee for staking Tron on Kraken. While there is a fee for transferring TRX from a separate wallet into your Kraken account, Kraken does not charge any transaction fees to stake Tron.

2. Do I need to lock up my Tron for a period of time when staking on Kraken?

   There is no lockup period for staking Tron on Kraken — you are free to unstake your TRX any time if you want to convert into another cryptocurrency or cash out your staking rewards.

3. Can I convert TRX to USD?

   You can easily convert TRX to USD by taking the price of Tron multiplied by the number of TRX coins you hold. See our Tron price page converter for details.

4. What is proof of stake?

   Proof of Stake is a consensus algorithm that uses cryptocurrency tokens and network incentives to keep a blockchain secure. On a Proof of Stake blockchain like Tron, TRX tokens are staked in order to make network validators eligible to verify transactions and incentivize their honest behavior. The amount of TRX a validator stakes is directly proportional to the likelihood that they will be chosen to validate the transaction, with some degree of randomness. Those chosen to verify a transaction on a Proof-of-Stake blockchain like Tron are rewarded with TRX tokens.

5. Can I stake TRX using my hardware wallet?

   It is not possible to stake Tron on Kraken using your hardware wallet. If you already have TRX in a hardware wallet, you can easily transfer it to Kraken’s secure staking platform. 

6. How do I run a Tron validator node?

   Running a Tron validator node is a technically complex and costly process which requires a significant amount of resources. Because many feel the investment in running a Tron node is too great, they often choose to stake their TRX using an easy and secure service like Kraken.

7. What is the difference between on-chain and off-chain staking?

   While similar in name and design on our client interface, on-chain and off-chain staking are separate features. On-chain staking utilizes assets “On-chain” in Proof-of-Stake protocols such as Tezos. Off-chain staking utilizes assets “Off-chain” (as further described in our Terms of Service). You can view your eligibility for Off-chain staking here.