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How to Stake Chainlink (LINK) on Kraken

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

Current APY

4.5%

Price

$8.98

Platform Fee

10–15%

Platform Type

Exchange

Start Staking LINK on Kraken

Kraken handles all the technical setup.

Stake LINK on Kraken →

Step-by-Step: Stake LINK 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 LINK

Transfer LINK 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 Chainlink (LINK) in the list of available staking assets.

4

Choose your staking amount

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

5

Confirm and start earning

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

Kraken for LINK 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: LINK Staking on Kraken

What APY can I earn staking LINK on Kraken?
The current estimated APY for LINK staking is around 4.5%. Actual rates vary based on network conditions, validator performance, and Kraken's fee structure (10–15% commission on rewards).
Is staking LINK on Kraken safe?
Kraken is a custodial exchange with a low risk profile for LINK staking. As a custodial platform, they manage your private keys. Always assess your risk tolerance before staking.
How long does it take to unstake LINK from Kraken?
Unstaking times depend on the network: Flexible on most assets. During the unstaking period, your LINK won't earn rewards.
What fees does Kraken charge for LINK staking?
Kraken charges 10–15% commission on rewards. These fees are typically deducted from your staking rewards automatically.
Can I stake LINK on other platforms?
Yes! You can compare all available platforms for LINK staking on our How to Stake Chainlink guide. Different platforms offer different APY rates, fees, and custody models.