How do you earn rewards on Kraken?

At the time of writing, Kraken+ members can earn up to 4% APR on USDG holdings, while non-members can earn at around half that rate. Plus, if you own certain cryptocurrencies on the platform, you may be able to stake them for an APY of up to 22%.

Is it worth having both a Kraken account and an account with a different exchange?

It can be worth opening a Kraken account even if you have other accounts with another crypto exchange, especially if you want to access other features or take advantage of multiple crypto exchange welcome offers.

Do I have to pay taxes when selling crypto currencies on Kraken?

It's possible that crypto sold through Kraken may be subject to certain tax laws. For tax purposes, the CRA treats crypto as a commodity, which means it's taxed similarly to other investments, such as being subject to capital gains tax or generating capital losses upon liquidation. For more information about how crypto taxes work, visit our full guide to the topic here .

Chelsey Hurst, Publisher at Finder

Chelsey Hurst

Publisher

Chelsey Hurst is a publisher at Finder, specializing in banking and investments. She loves empowering people to avoid financial pitfalls and make better decisions with their money. Chelsey has a Bachelor of Science from Redeemer University, a Master of Science from McMaster University, and has won multiple awards for research communication. In her spare time, Chelsey enjoys cooking and taking long walks in nature.