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How to Stake Looping Collective (LOOP) on Kraken

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

Current APY

10.0%

Price

$0.0039

Platform Fee

10–15%

Platform Type

Exchange

Start Staking LOOP on Kraken

Kraken handles all the technical setup.

Stake LOOP on Kraken →

Step-by-Step: Stake LOOP 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 LOOP

Transfer LOOP 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 Looping Collective (LOOP) in the list of available staking assets.

4

Choose your staking amount

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

5

Confirm and start earning

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

Kraken for LOOP 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: LOOP Staking on Kraken

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