How to Stake Algorand (ALGO) on Ankr

Ankr may not directly support ALGO staking, but you can still use Ankr to buy ALGO and transfer it for staking.

Current APY

6.0%

Price

$0.1095

Platform Fee

Platform Type

liquid

Start Staking ALGO on Ankr

Ankr gives you full control of your assets.

Stake ALGO on Ankr →

Step-by-Step: Stake ALGO on Ankr

Get a compatible wallet

You'll need a Web3 wallet (like MetaMask, Phantom, or Keplr) that supports Algorand's network.

Acquire ALGO

Buy ALGO from an exchange and transfer it to your wallet, or swap for it using a DEX.

Visit Ankr

Go to Ankr's staking interface and connect your wallet.

Stake and receive liquid tokens

Enter your ALGO amount and confirm the staking transaction. You'll receive a liquid staking token (LST) representing your staked position.

Use your LST in DeFi (optional)

Your liquid staking token can be used across DeFi — lend it, provide liquidity, or hold it to earn staking rewards passively.

Ankr for ALGO Staking: Pros & Cons

Pros

+ Very low 2% fee — one of the cheapest liquid staking options
+ 10+ supported chains
+ Long track record since 2017
+ ANKR token staking for additional rewards

Cons

- Lower TVL and liquidity vs Lido
- ankrTokens have fewer DeFi integrations
- Some chains have limited validator diversity

Other Platforms for ALGO Staking

🏦Coinbase

Exchange · 25–35% commission on rewards

🐙Kraken

Exchange · 10–15% commission on rewards

🔐Ledger

wallet · No platform fee — only network/validator commission

🛡️Trust Wallet

wallet · No platform fee — validator commission only

🌅Exodus

wallet · No platform fee — validator commission only (note: Exodus's swap feature charges spread)

FAQ: ALGO Staking on Ankr

What APY can I earn staking ALGO on Ankr?

The current estimated APY for ALGO staking is around 6.0%. Actual rates vary based on network conditions, validator performance, and Ankr's fee structure (2% of staking rewards).

Is staking ALGO on Ankr safe?

Ankr is a non-custodial protocol with a low risk profile for ALGO staking. As a non-custodial platform, you retain control of your private keys. Always assess your risk tolerance before staking.

How long does it take to unstake ALGO from Ankr?

Unstaking times depend on the network: Flexible. During the unstaking period, your ALGO won't earn rewards.

What fees does Ankr charge for ALGO staking?

Ankr charges 2% of staking rewards. These fees are typically deducted from your staking rewards automatically.

Can I stake ALGO on other platforms?

Yes! You can compare all available platforms for ALGO staking on our How to Stake Algorand guide. Different platforms offer different APY rates, fees, and custody models.