Rewards is now available on Kraken Pro!

Seamlessly earn returns on all eligible cryptoassets!

Rewards is our new feature that allows users to make their cryptoassets work harder while also helping support the crypto ecosystem by helping to validate transactions. 

Earn rewards on assets held in your spot balance without locking them away or being subject to any bonding periods. You can access your assets to trade, withdraw or use for margin collateral at any time (if available in your area).

Gone are the days of manually clicking through your portfolio to earn on individual assets. Rewards automates the entire process for you. With our easy enrollment, it couldn’t be simpler to join the growing number of users earning rewards on their crypto.

Step-by-step signup instructions for Rewards on Kraken Pro – via mobile and web – can be found here.

How to start earning rewards with Kraken

If you’re in an eligible geo, To sign up all of your eligible crypto assets for Kraken Rewards, simply open your Kraken Pro web or Kraken Pro mobile app account, navigate to the Portfolio section and click the “start earning now” button. Rewards isn’t available in the US and certain other geos.

Rewards allows you to earn on 18 different cryptocurrencies, including Ether (ETH), Polkadot (DOT), Solana (SOL) and Cardano (ADA).

All rewards are calculated daily and paid automatically into your account each week. Best of all, Rewards’ rates will be the same as the Flex staking rates on our Pro platform, where available. 

To turn on Rewards on the Kraken Pro App:

  1. Open the Kraken Pro app and tap the Portfolio button.
  2. To activate Rewards, tap the Rewards banner.
  3. Tap Get Started on the information page.
  4. On the next screen your eligible assets will be displayed.
  5. On the next screen the Rewards programs you can subscribe to will be displayed. Tap on Agree & Turn on.
  6. Once you have enabled Rewards you can start earning!

On Kraken Pro Web:

  1. Sign in to your Kraken Pro account and click on the Portfolio overview page.
  2. To activate Rewards click ‘Start earning now’ on the Rewards banner.
  3. Click Get Started on the information page.
  4. On the next screen your eligible assets will be displayed.
  5. On the next screen the Rewards programs you can subscribe to will be displayed.
  6. Click on Agree & Turn on.

How does Rewards differ from staking on Kraken Pro?

  • Retains instant access to all assets to trade, withdraw or use as margin collateral (if available in your area)
  • Unlike staking, there are no bonding periods
  • Assets auto-compound

Use in combination with our other portfolio management tools

Rewards allows you to grow your crypto holdings with earnings that compound over time and we’ve carefully designed this new feature to go hand-in-hand with our existing suite of portfolio management tools.

Not only that, but with our best-in-class security and award-winning customer support, you can rest assured that your cryptoassets are in the best hands.

Rewards recap

Let’s summarize the key benefits of Rewards:

  • Unlock a world of rewards: Easily earn rewards on all eligible crypto assets
  • Earn effortlessly: Reap up to 10+% annually (rates vary per asset) without needing to trade
  • Liquid assets, solid returns: Trade or withdraw anytime, your assets are always accessible
  • Regular payouts: Accumulate earnings daily and enjoy weekly payouts

We’re driven by our mission to accelerate the global adoption of crypto so that everyone can achieve financial freedom and inclusion. Rewards is an important step toward that goal, with the fastest and easiest way to get the most out of your idle crypto assets.

Click below to see what sort of rewards you could be earning right now.

Rewards rates are subject to change and compliance with Kraken’s terms and conditions. These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, stake or hold any cryptoasset or to engage in any specific trading strategy. Kraken does not and will not work to increase or decrease the price of any particular cryptoasset it makes available. Some crypto products and markets are unregulated, and you may not be protected by government compensation and/or regulatory protection schemes. The unpredictable nature of the cryptoasset markets can lead to loss of funds. Tax may be payable on any return and/or on any increase in the value of your cryptoassets and you should seek independent advice on your taxation position. Not available in the US and other geographic restrictions apply. Reward rates are subject to change, please refer to Kraken’s Terms of Service for additional information.

The post Rewards is now available on Kraken Pro! appeared first on Kraken Blog.

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Author: KrakenFX

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