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10 Best Crypto Staking Platforms You Can Trust (2024 Edition)

13 mins
Fact Checked
by Ish Bautista
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Are you wondering what are the best crypto-staking platforms? We’ve researched 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?

Crypto staking is the act of locking up cryptocurrencies on a blockchain network to help verify and confirm transactions in exchange for crypto staking rewards or staking fees.

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 in exchange for staking benefits.  

Staking is also a great way for crypto investors to generate passive income with staking. This is especially true if you have high-interest rate staking yields 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. 

10 best crypto staking platforms

Uphold
Availability
U.S., U.K., & 4+
Welcome bonus
Seasonal cashback for deposit
Cryptos
250+
Interest rate
Up to 16% APY

Terms Apply. Cryptoassets are highly volatile. Your capital is at risk.

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
39
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
120+
Interest rate
5.16%
Gate.io

Gate.io

CEX exchange
Availability
US, EU, and 100+ countries
Welcome bonus
Up to $100
Cryptos
100+
Interest rate
65.70%
CoinLoan

CoinLoan

Lending and earning platform
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 proof of stake (PoS) cryptocurrencies 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 cryptocurrency’s price.

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?

The staking process is usually easy and accessible to almost all cryptocurrency holders. Most centralized cryptocurrency exchanges offer crypto staking or staking pools 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

Crypto staking platforms compared
Chart made by Tom, BIC writer

How to choose the best crypto staking platforms?

When delving into the realm of cryptocurrency, selecting the best crypto-staking platforms can significantly enhance your earning potential through staking rewards. Here are a few helpful hints for choosing the best crypto staking platforms.

Fees

Firstly, consider whether these platforms are free of exorbitant fees, as this directly impacts your net earnings. The best crypto staking platforms, free from high costs, enable you to retain a larger portion of your staking rewards.

This is particularly important when dealing with platforms offering the highest APY crypto staking options. Hefty fees can quickly diminish high returns, so it’s crucial to find a balance between high APY and low costs.

Platform type

Another vital aspect is the platform’s alignment with DeFi (decentralized finance) principles. Whether you are a power user or not will determine if you require a centralized or decentralized platform.

The best DeFi staking platform will offer a transparent, user-controlled approach to staking, often yielding higher returns and providing more flexibility. They may also provide liquid staking derivatives, which can be used for yield farming.

These decentralized staking platforms leverage blockchain technology to offer a more democratic and accessible staking environment compared to their centralized counterparts.

Crypto staking rewards

When considering the best staking crypto, it’s essential to research the various cryptocurrencies available for staking. Not all cryptocurrencies offer staking options, and not every platform supports all staking-capable coins.

For instance, bitcoin, being the most well-known cryptocurrency, often prompts the question, “Can you stake bitcoin?” Currently, Bitcoin does not support traditional staking due to its proof of work (PoW) consensus mechanism, but there are other ways to earn rewards from holding Bitcoin.

Additionally, you must consider the rewards rate versus the inflation rate and price, as an imbalance can result in diminished rewards from staking.

Ease of use and support

Moreover, the platform should be user-friendly, providing clear guidance and support making the process of staking straightforward, especially for newcomers. Good customer support will help you avoid any crypto staking mistakes.

What’s the best crypto-staking platform for you?

While not all platforms on this list may be accessible in your region or offer the specific assets you’re interested in, it’s important to remember that the value of holding one crypto asset over another varies with each investor’s long-term strategy. However, if you already possess crypto, consider leveraging it to generate passive income, capitalizing on your current investments. Finally, always conduct due diligence and only invest what you can afford to lose.

Frequently asked questions

How do crypto staking platforms generate staking rewards?

Are there any tax implications for staking rewards?

How secure are my funds on crypto staking platforms?

Can I unstake my assets anytime, or is there a lock-up period?

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?

Where is the safest place to stake crypto?

Is staking in Binance safe?

Where can I stake my USDT?

Is Binance or Coinbase better for staking?

How much crypto do you need for staking?

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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 has the unique ability to write about complicated topics, including DeFi, NFTs, trading, and AI, in a way that is easy to understand. Iulia learned multiple programming languages while completing her Software Engineering degree in Bucharest at Politehnica University. Iulia brings her expertise and personal...
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