Crypto staking has been on the rise in recent years, with many cryptocurrency investors looking for a way to earn more without having to sell. After all, there’s no such thing as free money! With crypto staking platforms popping up left and right offering different benefits and drawbacks, it can be difficult to know which one is best.
With the growing popularity of the cryptocurrency market, we get to hear a lot about new terms. One such term that has been doing rounds for quite some time now is “staking” – a practice used by many well-known cryptocurrencies to verify transactions. With staking, the investors earn a return without having to sell. That brings us to the very topic of what are the best crypto staking platforms. In this article, we will throw light on the 10 best crypto staking platforms enthusiasts should use in 2022.
Coinbase is an American company that was founded in 2012. This company grabbed attention for running a cryptocurrency exchange platform that is one of the largest in the world. As far as staking is concerned, all that you need to do is transfer the funds into the vault.
ChangeNow is considered to be among the favourite crypto staking platforms for the sole reason that it has a weekly payout system. Additionally, the process of calculating rewards is automated to make sure that the staked tokens are not unfrozen during the week.
eToro is an Israeli social trading and multi-asset brokerage company. The company aims at providing financial and copy trading services such as forex and crypto. An investor can stake here for Ethereum 2, Cardano, and Tron. This crypto staking platform pays out monthly.
As known to many, Binance is one of the most trustworthy cryptocurrency exchange platforms. Because of a rapid increase in Binance’s trading volume, investors have shown keen interest in staking. There are two methods of staking here – locked staking and DeFi staking. The former takes your coins for a set period of time before returning them.
With MyContainer, the users are assured of an easy-to-use user interface, thereby allowing everyone to reap the benefits of earning rewards in a decentralised economy. No wonder why this is believed to have transformed the crypto staking industry.
One of the reasons why Kraken stands apart from the rest is the fact that it allows for staking that is not on the main chain, meaning that you’re simulating the rewards of an ‘on-chain’ stake. Here, the users can stake Bitcoin as well as fiat currencies such as the dollar or euro.
Stakinglab, a German initiative, has emerged out to be no less than a blessing for master node coins, proof of stake coins, and other related services for investors and project owners. This crypto staking platform deserves to be on the list of 10 best crypto staking platforms enthusiasts should use in 2022.
This company is well-known for providing institutional-grade services, tools, software, and infrastructure to stake-based blockchains and token holders. Cryptocurrencies like Ethereum, Polkadot, Aion, Solana, and Livepeer, to name a few, can be staked here.
The main objective of this staking platform is to allow you to pool your crypto assets and earn a reasonable amount of interest on them. It was founded in 2019 and allows the users to stake coins including Kava, Solana, Aion, Livepeer, etc.
One feature of this crypto staking wallet that is worth a mention and has caught the attention of many is the fact that it doesn’t charge any staking fees. Here, the users can stake well-known coins, such as EOS, NEO, Tezos, Cosmos, and Callisto, among others. The entire staking process is transparent, thus leaving you with no doubts whatsoever.
What platforms can you stake crypto?
- Kraken: Best for Crypto platforms.
- Crypto.com: Best for Crypto platforms.
- Gemini: Best for Crypto platforms.
- BlockFi: Best for Crypto platforms.
- TradeStation Crypto: Best for Traditional brokers.
Is staking safe on Coinbase?
Coinbase is one of the most trusted exchanges in existence, and their security features have made it a must-have for many crypto enthusiasts. For example: when staking on Coinbase you can rest assured that your funds will be safe because they’re protected by two factor authentication systems which generate random numbers so even if someone gets access to them there’s no way he’ll ever know what cryptocurrency was stored inside!
How do you stake crypto?
- Learn about cryptos that offer staking. To start staking, you need to own a proof-of-stake cryptocurrency.
- Buy the cryptocurrency you want. Now that you’ve learned about cryptos you can stake, the next step is to pick one and buy it.
- Stake your crypto through an exchange or pool.