How to Stake Beefy-escrowed Sonic (BES) on Kraken
Kraken may not directly support BES staking, but you can still use Kraken to buy BES and transfer it for staking.
Current APY
4.0%
Price
$0.0427
Platform Fee
10–15%
Platform Type
Exchange
Step-by-Step: Stake BES 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 BES
Transfer BES 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 Beefy-escrowed Sonic (BES) in the list of available staking assets.
4
Choose your staking amount
Enter the amount of BES you want to stake. Review the estimated APY, lock period, and any fees.
5
Confirm and start earning
Confirm the staking transaction. Your BES will begin earning rewards, usually within 1–3 days. Rewards are typically auto-compounded.
Kraken for BES 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
FAQ: BES Staking on Kraken
What APY can I earn staking BES on Kraken?
The current estimated APY for BES staking is around 4.0%. Actual rates vary based on network conditions, validator performance, and Kraken's fee structure (10–15% commission on rewards).
Is staking BES on Kraken safe?
Kraken is a custodial exchange with a high risk profile for BES staking. As a custodial platform, they manage your private keys. Always assess your risk tolerance before staking.
How long does it take to unstake BES from Kraken?
Unstaking times depend on the network: Flexible on most assets. During the unstaking period, your BES won't earn rewards.
What fees does Kraken charge for BES staking?
Kraken charges 10–15% commission on rewards. These fees are typically deducted from your staking rewards automatically.
Can I stake BES on other platforms?
Yes! You can compare all available platforms for BES staking on our How to Stake Beefy-escrowed Sonic guide. Different platforms offer different APY rates, fees, and custody models.