These are the most popular and rewarding crypto-staking platforms
Staking is a popular way to earn passive income with crypto investments. The primary benefit of staking is generous interest rates. As of May, the staking values of popular crypto such as Solana and Cardano amounted to over 70% of their circulating supply. The value of staked ETH exceeded $252 billion. Staking cryptocurrency may seem a little confusing to beginners, but dedicated platforms facilitate the process.
One of the largest crypto exchanges offers from 4% to 23% annual interest on 12 different assets. Rewards are paid out twice a week, and you can further stake your rewards to maximise your earnings. At the same time, unstaking incurs no penalties. Thus, you can freely withdraw crypto at any time, with no strings attached. Besides the usual on-chain staking that utilises assets in the Proof-of-Stake protocol, there are off-chain possibilities for “staking” Bitcoin (BTC), Euro (EUR) and US Dollar (USD) balances. While not being staking per se, these selected assets are used as collateral in validating transactions on applicable Proof-of-Stake networks. The rewards are 0,25% for BTC and 1,5-2% for fiat.
Support for over 120 staking coins is impressive as well as Binance’s trading volumes. The platform offers to either lock your crypto for a certain period or invest it in DeFi projects. Locked staking has a set period during which you cannot move your funds elsewhere and offers higher rewards. The platform generally holds the staked funds for a minimum of 30 days, but a few coins allow a 10-15 days staking period. Maximum rewards are paid out for long-term staking of 90-120 days. The interest rises as high as 80% annually. The staking interest is distributed daily. DeFi staking enables Binance to participate in certain DeFi products on behalf of users. The platform then obtains and distributes realised earnings. DeFi staking comes with flexible locking periods up from 24 hours. The maximum reward for this staking type is about 25%.
This European platform is committed to a “user first” approach. It has an easy-to-use interface and multiple staking options including auto-staking. There are around 150 crypto assets for your passive income choice, with rewards up to 101%. MyCointainer charges withdrawal fees but at the same time provides a bonus with every exchange. Customers can also participate in airdrops, giveaways and community initiatives to earn more. This ambitious startup obtained a financial licence in Estonia, raised $6 million in early 2022 and is now planning to launch its own coin and expand the range of services, including DeFi protocols.
This well-regulated crypto-currency exchange offers a simple, secure and hassle-free staking process. The platform currently supports staking for Cardano (ADA), Ethereum (ETH) and Tron (TRX) but plans to support more crypto assets in the future. All you have to do is hold your crypto in your eToro crypto wallet. There is no requirement to lock up your crypto tokens for any given period, but you will continue to earn staking rewards on eligible tokens that you hold until you decide to cash out. Staking rewards are paid out to users every month. The platform retains a percentage of the yield as a fee, though. Higher tiers of club membership pay smaller fees. The monthly yield is flexible. To calculate it, eToro divides the total number of new coins received from staking (the total sum of the reward) for the month by the total average daily amount of all eligible staking users.
Being one of the largest crypto staking platforms, Crypto.com offers a comprehensive crypto exchange and lets you stake more than 40 different cryptocurrencies in your crypto savings account. Reward rates depend on your lock-in period, which can be flexible or set at 30/90 days. The DeFi staking options may bring you up to14.5% APY. To get the best rates, you must stake the platform’s native token CRO. The reward for altcoins is up to 14.5%, while stablecoins can bring you up to 10%. Rewards are paid weekly.
AQRU is a simple app that helps you to buy, invest and earn up to 7% interest on your crypto assets. The number of crypto assets available for staking is 5 at the moment (USDC, USDC Maple, BTC, ETH, Maple ETH). Maple is a protocol that enables under collateralised loans for institutional borrowers, so you’ll basically be involved in crypto lending. The interest is paid daily which is rare for the staking platforms. With this platform, you don’t have to own crypto in the first place. Aqru accepts deposits by credit card, debit card, and bank transfer in addition to crypto transfers. If you deposit fiat, the platform will automatically exchange your funds for the cryptocurrency you want to stake. Customers can withdraw money either in crypto or fiat by applying for that 24 hours in advance.
This staking platform has one of the highest annual rewards on the market. While Solana, Polygon and Polkadot earn you up to 20% APY, some non-household names like Juno promise about 160% of interest. Naturally, such projects also bear higher risks. Stake.Fish is a non-custodial service. The company runs public validator nodes on many crypto networks on customers’ behalf. For beginners, there are nice video tutorials. The platform is also very transparent about the staking terms, including commission fees, payout frequency, bonding/nonbonding periods, etc.