How to Stake Axelar (AXL) on Kraken
Kraken may not directly support AXL staking, but you can still use Kraken to buy AXL and transfer it for staking.
Current APY
10.0%
Price
$0.0459
Platform Fee
10–15%
Platform Type
Exchange
Step-by-Step: Stake AXL on Kraken
1
Create a Kraken account
Sign up at Kraken, complete identity verification (KYC), and secure your account with 2FA.
2
Deposit or buy AXL
Transfer AXL to your Kraken wallet, or buy it directly using fiat currency (bank transfer, card, etc.).
3
Navigate to Staking
Go to the staking or earn section on Kraken. Find Axelar (AXL) in the list of available staking assets.
4
Choose your staking amount
Enter the amount of AXL you want to stake. Review the estimated APY, lock period, and any fees.
5
Confirm and start earning
Confirm the staking transaction. Your AXL will begin earning rewards, usually within 1–3 days. Rewards are typically auto-compounded.
Kraken for AXL Staking: Pros & Cons
Pros
- + Low fees (10–15%) among exchanges
- + 20+ stakeable assets — widest selection on a CEX
- + Competitive APYs, often above market
- + Staking available in most countries
Cons
- - Custodial — Kraken controls staked assets
- - US residents limited after 2023 SEC settlement
- - Staking UI less polished than Coinbase
- - Some assets have minimum lock requirements
Other Platforms for AXL Staking
FAQ: AXL Staking on Kraken
What APY can I earn staking AXL on Kraken?
The current estimated APY for AXL staking is around 10.0%. Actual rates vary based on network conditions, validator performance, and Kraken's fee structure (10–15% commission on rewards).
Is staking AXL on Kraken safe?
Kraken is a custodial exchange with a low risk profile for AXL staking. As a custodial platform, they manage your private keys. Always assess your risk tolerance before staking.
How long does it take to unstake AXL from Kraken?
Unstaking times depend on the network: Flexible on most assets. During the unstaking period, your AXL won't earn rewards.
What fees does Kraken charge for AXL staking?
Kraken charges 10–15% commission on rewards. These fees are typically deducted from your staking rewards automatically.
Can I stake AXL on other platforms?
Yes! You can compare all available platforms for AXL staking on our How to Stake Axelar guide. Different platforms offer different APY rates, fees, and custody models.