Why stake ADA with Kraken?

STAKING CRYPTO

Earn up to 21%* on your crypto

FAQ

Cardano staking FAQ:

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

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

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

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

3. Can I convert ADA to USD?

   You can easily convert ADA to USD by taking the price of Cardano multiplied by the number of ADA coins you hold. See our Cardano 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 Cardano, ADA tokens are staked in order to make network validators eligible to verify transactions and incentivize their honest behavior. The amount of ADA 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 Cardano are rewarded with ADA.

5. Can I stake ADA using my hardware wallet?

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

6. How do I run a Cardano validator node?
    

   Running a Cardano validator node is a technically complex and costly process which requires a significant amount of resources. Because many feel the investment in running a Cardano node is too great, they often choose to stake their ADA 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.