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How to Stake Nimiq (NIM) on Kraken

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

Current APY

12.0%

Price

$0.0005

Platform Fee

10–15%

Platform Type

Exchange

Start Staking NIM on Kraken

Kraken handles all the technical setup.

Stake NIM on Kraken →

Step-by-Step: Stake NIM 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 NIM

Transfer NIM 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 Nimiq (NIM) in the list of available staking assets.

4

Choose your staking amount

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

5

Confirm and start earning

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

Kraken for NIM 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: NIM Staking on Kraken

What APY can I earn staking NIM on Kraken?
The current estimated APY for NIM staking is around 12.0%. Actual rates vary based on network conditions, validator performance, and Kraken's fee structure (10–15% commission on rewards).
Is staking NIM on Kraken safe?
Kraken is a custodial exchange with a high risk profile for NIM staking. As a custodial platform, they manage your private keys. Always assess your risk tolerance before staking.
How long does it take to unstake NIM from Kraken?
Unstaking times depend on the network: Flexible on most assets. During the unstaking period, your NIM won't earn rewards.
What fees does Kraken charge for NIM staking?
Kraken charges 10–15% commission on rewards. These fees are typically deducted from your staking rewards automatically.
Can I stake NIM on other platforms?
Yes! You can compare all available platforms for NIM staking on our How to Stake Nimiq guide. Different platforms offer different APY rates, fees, and custody models.