Kraken has both on-chain staking and off-chain staking.
The on-chain staking is provided to some Proof of Stake protocol cryptocurrencies and with staking on Kraken you first need to be a verified as starter level which is the (minimum) level at Kraken.
And with off-chain staking, this is another feature only available to people from certain countries and with a more restricted staking pool. To see if off-chain staking is available for your country read more here.
Then you buy or deposit the staking asset and after that you click on staking in the menu and select the asset you want to stake and click on ‘stake‘ and the amount you choose to stake.
Kraken will then show you that you’ve sent your cryptocurrencies for staking and you will find more information under ‘Staked assets’ and to stop staking you simply click on ‘Unstake‘.
- Learn more how staking works at Kraken here
- Get started staking at Kraken
2 ) Bitfinex
Launched in April 2020 Bitfinex jumped onboard the staking train and its users can stake popular cryptocurrencies such as Tron, EOS, Tezos and Cosmos amongst others directly on the exchange.
To start staking at Bitfinex you simply need to hold the asset in your account. And then you automatically start earning rewards from then.
Bitfinex pays out the rewards on a weekly basis.
- Learn more how staking works at Bitfinex here and here
- Get started staking at Bitfinex
3 ) Binance
Binance is one of the biggest cryptocurrency exchanges in the world.
And they have grown to become a leader due to its focus on providing customers with the most attractive features. Where staking is now one of them.
To start staking cryptocurrencies at BINANCE you really don’t need to do much.
In fact all you need to do is buy or deposit a staking enabled cryptocurrency and then simply hold it in your Binance wallet.
After that Binance will pay out the staking rewards on a monthly basis.
And to start staking at Binance you need to buy or deposit a cryptocurrency with this feature possible (check that here).
- Learn more how staking works at Binance here
- Get started staking at Binance
4 ) Coinbase
Coinbase also has staking enabled on its site and app but is only available for Tezos (XTZ) at this time.
To start staking Tezos on COINBASE you go to Settings and Financial Services. From there you can opt in to start staking your XTZ.
And you of course first need to buy or deposit Tezos. You can buy XTZ from Coinbase directly.
- Learn more how staking works at Coinbase here and here
- Get started staking at Coinbase
2 ) KuCoin
KuCoin is nother cryptocurrency exchange with staking as an option. They call it soft staking of which works differently to Binance but it is still simple. You need to to stake your assets via Pool-X.
KuCoin actually have two different staking/bonus options on its site. One is this soft staking features available now via their Pool-X exchange option (learn more how it works here).
The other bonus/staking options is that if you buy KUCOIN Shares (KCS) cryptocurrency you automatically get a bonus.
This bonus is made out of the earnings that KuCoin makes from the trading fees.
With KuCoin’s staking you can either use the flexible or fixed option. With fixed you can get additional rewards but then you will need to lock down your cryptocurrencies for the fixed period.
- Learn more how staking works at KuCoin here
- Get started staking at KuCoin
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