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9 Best Crypto Staking Platforms You Can Trust (2023 Edition)

10 mins
Updated by Maria Petrova
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Are you wondering what are the best crypto staking platforms? We’ve done the research on how you can earn a passive income from your crypto assets, so you don’t have to. During an unpredictable bear market, it can be tough to earn interest or rewards, but it’s still possible.

PoS blockchains still require individuals to stake their assets to verify transactions, and they offer staking rewards for their help. Read on to discover the best staking services available for worldwide users.

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What is crypto staking?

staking 101

Crypto staking is the act of locking up cryptocurrencies on a blockchain network to help verify and confirm transactions. You can stake cryptocurrency only on proof-of-stake (PoS) blockchains, such as Cardano, Solana, or Polygon, but there are many other blockchains that use this consensus mechanism. Furthermore, it is important to note that not all tokens are suitable for staking.

Crypto holders who deposit their coins for staking are called delegators. They can choose the validator (network node) to deposit their coins. In a nutshell, staking crypto contributes toward decentralizing and securing the blockchain.  

Staking is also a great way for crypto investors to generate passive income. This is especially true if you have high-interest rates on the cryptocurrencies that you choose. However, not all staking platforms or options are the same. Luckily, we’ve researched the best crypto staking options that you can choose from to suit your personal needs. 

9 Best Crypto Staking Platforms

Kraken
Availability
U.S., E.U., and 100+
Welcome bonus
No
Cryptos
16
Interest rate
Up to 20%
Margex
Availability
100+
Welcome bonus
$50 bonus
Cryptos
10
Interest rate
Up to 5%
Bybit
Availability
100+ countries
Welcome bonus
Up to $30,000
Cryptos
38
Interest rate
Up to 8.97%
Binance
Availability
U.S., E.U., and 100+ countires
Welcome bonus
$10 for U.S. users only
Cryptos
350+
Interest rate
Up to 52.9%
Nexo
Availability
E.E.A. and 100+ countries
Welcome bonus
No
Cryptos
35
Interest rate
Up to 36%
ZenGo
Availabilty
U.S., E.U., 100+ countries
Welcome bonus
$10 in BTC
Cryptos
Interest rate
5.16%
Gate.io
Availability
US, EU, and 100+ countries
Welcome bonus
Up to $100
Cryptos
100+
Interest rate
65.70%
Crypto.com
Availability
U.S. and E.E.A.
Welcome bonus
No
Cryptos
22
Interest rate
Up to 6.5%
CoinLoan
Availability
100+ countires
Welcome bonus
No
Cryptos
21
Interest rate
9.2%

Is staking a good option during a bear market?

The cryptocurrency market is receiving less support during bear markets. However, buying and staking cryptocurrency at a low market price can turn out to be successful long-term investments. 

Over time, crypto staking can yield very valuable rewards. In exchange for their staked crypto, investors receive more coins, thus generating a passive income while staying out of the crisis in an economic environment with low-interest rates and high inflation.

Staking cryptocurrency with higher staking rewards translates into more rewards, which allows their staking yields to increase significantly in a bear market. Historically, all bear markets have been followed by recovery periods. By analyzing the past bear markets economically, this is the best time to start staking cryptocurrency. As long as you have the assets available, the economics have proven reliable. Investors should also keep a relaxed mindset and have patience for the market to recover. 

One of the main concerns of cryptocurrency stakers is that low-value crypto will result in lower returns. However, investors should keep in mind that the coins received as rewards are not affected by the price of the cryptocurrency. The total number of coins is what determines your returns, and not the current market price. This means that the fiat value of your coins may decrease as the price goes lower, but the value will also increase over time when the bear market passes. 

How to easily stake your crypto?

Staking cryptocurrency is easy and accessible to almost all cryptocurrency holders. Most centralized cryptocurrency exchanges offer crypto staking on their platforms. One of the most used centralized exchanges for staking crypto is Binance. 

Using Binance, you can stake your crypto in only a few steps.

  1. Set up a Binance account and verify your identity
  2. Deposit funds into your account
  3. Go to Binance Staking and choose crypto to stake

You can find Binance Staking on the top menu under “Earn” > “Staking.”

best crypto staking platforms: binance

Note that each coin has a different APR (Annual Percentage Rate), a pre-defined duration for staking (e.g., 30, 60, 90 days), and a minimum amount for staking. 

  1. Set the amount to stake and confirm the deposit
staking amount

After the time is up, you will be able to unlock your funds. 

But this is just one example of how easy it is to stake cryptocurrency on a platform that you may be already using. There are other cryptocurrency platforms offering staking for the most popular coins. Here’s a list of the best crypto staking platforms for cryptocurrency holders. 

Crypto staking platforms compared

EXCHANGEAVAILABLE COINSINTEREST RATE
Nexo35up to 36%
Binance350+up to 52.9%
Crypto.com22up to 6.5%
Kraken16up to 20%
Bybit38up to 8.97%
CoinLoan21up to 9.2%
Gate.io100+up to 65.70%
ZenGo1up to 5.16%
Margex5Up to 5%

What’s the best crypto staking platform for you?

Some platforms in this list might not be available in your region, while others might not be offering your desired assets. That doesn’t mean that holding one crypto asset is better than holding another one, and each investor has a different strategy when it comes to holding crypto long term. But since you already own crypto, why not use it to earn a passive income from it?

Whether it’s about particular crypto staking platforms or information on staking, the BeInCrypto Telegram group has got you covered. The members are friendly and helpful, and can help you get up to speed with the latest in crypto.

Frequently asked questions

What platform is best for staking crypto?

Can you get rich from staking crypto?

How can I stake crypto?

Is crypto staking a good idea?

Which crypto can you stake?

Will I lose my coins staking?

Why should you not stake your crypto?

Can you stake Shiba Inu?

Disclaimer

In line with the Trust Project guidelines, the educational content on this website is offered in good faith and for general information purposes only. BeInCrypto prioritizes providing high-quality information, taking the time to research and create informative content for readers. While partners may reward the company with commissions for placements in articles, these commissions do not influence the unbiased, honest, and helpful content creation process. Any action taken by the reader based on this information is strictly at their own risk.

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Iulia Vasile
Iulia Vasile is a seasoned professional in the cryptocurrency and blockchain industry, working full-time in the field since 2017. With a background in computer engineering, she...
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