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How to Stake BENQI Liquid Staked AVAX (SAVAX) on Kraken

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

Current APY

5.0%

Price

$11.35

Platform Fee

10–15%

Platform Type

Exchange

Start Staking SAVAX on Kraken

Kraken handles all the technical setup.

Stake SAVAX on Kraken →

Step-by-Step: Stake SAVAX 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 SAVAX

Transfer SAVAX 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 BENQI Liquid Staked AVAX (SAVAX) in the list of available staking assets.

4

Choose your staking amount

Enter the amount of SAVAX you want to stake. Review the estimated APY, lock period, and any fees.

5

Confirm and start earning

Confirm the staking transaction. Your SAVAX will begin earning rewards, usually within 1–3 days. Rewards are typically auto-compounded.

Kraken for SAVAX 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: SAVAX Staking on Kraken

What APY can I earn staking SAVAX on Kraken?
The current estimated APY for SAVAX staking is around 5.0%. Actual rates vary based on network conditions, validator performance, and Kraken's fee structure (10–15% commission on rewards).
Is staking SAVAX on Kraken safe?
Kraken is a custodial exchange with a medium risk profile for SAVAX staking. As a custodial platform, they manage your private keys. Always assess your risk tolerance before staking.
How long does it take to unstake SAVAX from Kraken?
Unstaking times depend on the network: Flexible on most assets. During the unstaking period, your SAVAX won't earn rewards.
What fees does Kraken charge for SAVAX staking?
Kraken charges 10–15% commission on rewards. These fees are typically deducted from your staking rewards automatically.
Can I stake SAVAX on other platforms?
Yes! You can compare all available platforms for SAVAX staking on our How to Stake BENQI Liquid Staked AVAX guide. Different platforms offer different APY rates, fees, and custody models.