Crypto staking platforms allow you to deposit tokens and earn more of them in the form of staking rewards. The platforms take care of staking on your behalf and provide an accessible way to earn passive income from unused crypto assets. We'll take a look at some of the best crypto staking platforms based on a number of important factors. Read on for in-depth reviews and find the platform that's right for you.
Our top tips for the best crypto staking platform
- Binance – Best overall
- eToro – The best for social investing
- Coinbase – Best for beginners
- Kraken – Best for Support
- Bitfinex – The Best for Security
The best crypto staking platforms – our top 3 recommendations
Are you looking for a quick response? Here are the 3 best recommended crypto staking platforms for cryptocurrency staking.
Sign up with the app and claim the mystery box to get a reward of up to 10.000 US dollars
One of the top digital asset exchanges by trading volume
OKX is a top cryptocurrency exchange that offers over 140 cryptocurrencies to invest in. OKX takes the security of its customers very seriously, they store almost all customer funds in ''cold storage'' and the exchange has never been hacked. In addition, the exchange offers very low fees and customers can even use their cryptocurrencies as collateral for loans on the platform.
Trading digital assets is considered high risk. Digital assets are not backed by any government or central bank. The risk for trading or holding digital assets can be significant. You should carefully consider whether interacting, holding or trading digital assets is appropriate for you given your financial condition.
The world's largest cryptocurrency exchange with over 2 billion users per day Innovative trading platform Offer enormous range of cryptocoins Supports more than 60 payment methods including PayPal
Binance is one of the largest cryptocurrency exchanges in the world. It is better suited for more experienced investors and offers a large number of cryptocurrencies to choose from, over 600. Binance is also known for low trading fees and a variety of trading options that users can take advantage of, such as.B. Peer-to-peer trading, margin trading and spot trading.
Bank transfer, debit card, credit card, PayPal, Payeer, SEPA, Western Union, Yandex Money
FCA regulated crypto exchange with 4500+ digital assets available for trading Supports users from over 100 countries, including the US and Canada Withdraw your money via PayPal or other payment methods
Coinbase is a global cryptocurrency exchange. Their platform is good for beginners and offers a wide range of coins as it has over 100 to choose from. Coinbase has a high level of security built into the platform, a number of different features to use, and it offers its users options for storing their crypto, such as the ability to store coins on the Coinbase exchange.
3D Secure credit card, debit card, Eurobank a account balance, credit card, PayPal
Cryptocurrencies are not regulated by the UK's Financial Conduct Authority and are not subject to the protection of the UK's Financial Services Compensation Scheme or the jurisdiction of the UK's Financial Ombudsman Service. Investing in cryptocurrencies comes with risks and cryptocurrencies can increase in value or lose all or part of their value. Capital gains tax may apply to profits from the sale of cryptocurrencies.
An overview of the 5 best crypto-staking platforms
Here's more information on our top five recommendations for crypto staking platforms, as well as their pros and cons.
1. Binance – Best overall
Binance is our top choice for platforms to earn staking rewards, as there is a wide range of staking options to choose from. With over a hundred coins that can be staked and a selection of lockup periods, there is something for every investor looking to passively grow their crypto holdings.
Users with a higher risk tolerance can also take advantage of Binance DeFi Staking to earn higher rewards. The wide range of other services Binance offers, from spot and derivatives trading to loans and NFTs, means users can meet all their crypto needs in the same place.
Advantages
- Staking services for over 100 cryptocurrencies
- DeFi Staking Services
- Choice of lock-up periods
- Low minimums for stakes
- Don't charge for staking
- Stake at the touch of a button
- Staking rewards are handed out on a daily basis
- Early repayment possible (less interest paid out)
- Wide range of exchange and other services
- Chat support around the clock
- App
Disadvantages
- Minimum lock-in period for most staking products
- Regulatory problems in some countries
2. eToro – Best for social investing
eToro is the leading social investing platform for crypto and other assets like stocks and ETFs, with access to collective knowledge to help you expand your knowledge and experience – as well as the innovative and popular copy trading feature.
eToro's dedicated staking service is secure, easy to use and allows users to effortlessly earn crypto rewards. Clients can stak ADA, TRX and ETH, with eToro receiving 10-25% of the return as a fee to protect the assets used from additional risks.
Advantages
- Easy to use
- Earn staking rewards without doing any work
- Sure
- Transparent
- Assets protected from additional risks
- Compound Staking Rewards
- Range of crypto and other financial services available
- Help Center and Customer Service
- App
Disadvantages
- Staking is only available for a very limited number of coins
- eToro retains a percentage of the return as a fee
3. Coinbase – Best for beginners
Coinbase is a great place for those who are at the beginning of their crypto journey with its clear interface and user-friendly features. You can earn up to 5% APR by staking a handful of popular cryptoassets with Coinbase.
Users who have verified their identity can start staking on Coinbase with as little as $1 (about 0.93 EUR). It only takes a few clicks to get started, after which you will automatically receive rewards.
Advantages
- Easy to use
- Automatic reward distribution
- Start with as little as $1 (about EUR 0.93)
- Withdrawal possible at any time
- Best safety in the industry
- Email and live phone support
- App
Disadvantages
- Limited number of cryptocurrencies available for staking
- Coinbase takes a commission on staking rewards
4. Kraken – Best support
If you need help navigating staking and the crypto world, Kraken is a great platform. They offer 24/7 web chat, phone and email support, as well as in-depth articles and educational resources to help you expand your knowledge.
You can start staking more than a dozen cryptocurrencies on Kraken, with annual rewards of up to 23%. It's a simple process and you can stak your coins at any time without penalties.
Advantages
- Up to 23% annual premiums on 16 cryptocurrencies
- Start with a few clicks
- Automatically earn rewards twice a week
- Check off immediately at any time
- Choice between on-chain and off-chain staking
- Extensive customer support and educational resources
- App
Disadvantages
- Somewhat limited choice of coins to stake
- Not insured
5. Bitfinex – Best for security
Bitfinex is one of the safest places to store and stack crypto, as staked assets never leave Bitfinex's cold (offline) wallets. The platform only uses a portion of the tokens it holds to account for payouts and mitigate risks such as slashing.
The staking process is simple at Bitfinex and you can earn premiums of up to 16% per year on some of the most popular staking coins. Rewards are distributed automatically on a weekly basis.
Advantages
- Earn up to 16% annual premiums on 11 cryptocurrencies
- Hassle free staking
- Weekly rewards
- Automatic distribution
- No minimum amounts required
- Strong security
- Advanced trading tools
- Customer Service
- App
Disadvantages
- Somewhat limited choice of cryptocurrencies to stake
- Bitfinex keeps a small portion of the staking rewards
What is a crypto staking platform?
A crypto-staking platform is any platform that allows users to deposit crypto, which is then staked and the rewards earned are returned to users. Staking is a method of securing a blockchain.
In a proof-of-stake blockchain, individuals are selected to validate transactions based on how much and how long they have gestated. In return, they are rewarded with more tokens to share with anyone who has delegated tokens to them. The above staking platforms simplify this process by validating or delegating on your behalf.
How to use a crypto-staking platform
The crypto staking platforms listed on this page are easy to use and you can get started by following these three simple steps.
1. Choose a crypto staking platform
First, you should find a platform that is secure, easy to use, and charges fees you are happy with. Click the link below to our top recommendation to sign up with a safe and reputable platform.
The world's largest cryptocurrency exchange with over 2 billion users per day Innovative trading platform Offer enormous range of crypto coins Supports more than 60 payment methods including PayPal
Binance is one of the largest cryptocurrency exchanges in the world. It is better suited for more experienced investors and offers a large number of cryptocurrencies to choose from, over 600. Binance is also known for low trading fees and a variety of trading options that users can take advantage of, such as.B. Peer-to-peer trading, margin trading and spot trading.
Bank transfer, debit card, credit card, PayPal, Payeer, SEPA, Western Union, Yandex Money
2. Create an account and make a deposit
Enter some details to create an account and provide photo identification and/or proof of address to complete the Know-Your-Customer process. Then you can go to the deposit page and select a payment method to deposit funds into your account.
3. Start Staking
Go to the staking page on your chosen platform and select the coins you want to stake. This probably only takes a few clicks, and then you start earning rewards that are distributed to you on a regular basis.
How to choose a crypto-staking platform
Depending on what is important to you, there are a number of factors you should consider. Here are a few of them.
- Staking premiums – You may find that different platforms offer different staking returns for the same coins. You can shop around to find the highest returns, or compromise depending on whether platforms meet your other requirements.
- Staking flexibility – Some platforms may offer the flexibility to withdraw your coins at any time, while others have a minimum or fixed lock-in period. Which one you choose is a matter of personal preference.
- Fees – It's always a good idea to find out if you'll be charged fees before you get started. Find out if there are fees for the staking service as well as other actions such as deposits, withdrawals and trading.
- Security – you want your assets to be safe while you're staking them, so check what kind of security measures the platform uses. This could include cold storage or insurance.
- Additional features – If staking is not the only thing you want to do with your crypto, check if the platform offers all the other features you need, such as z. B. Spot or margin trading, copy trading, charting tools or crypto loans.
- User Experience – The "feel" of a platform is an important factor in whether you enjoy using it. Things that contribute could be the layout and ease of navigation.
- Available coins – If you want to stake certain coins, a platform that does not support staking those coins is useless to you. There will be a list of coins that can be staked on the platform website.
- Customer support – It's helpful to know that you can contact customer support if you ever encounter any problems. Platforms can provide web chat, phone or email support, and explanatory articles.
- Payment options – you need to be able to fund your account once you open it, so check what payment methods the platform supports. On many platforms you can stake tokens that you have bought and transferred from elsewhere.
- Privacy – Most platforms now have KYC requirements, which means you must provide personal information and documentation. Make sure that your information is not sold to third parties by choosing a safe and reputable platform.
Final thoughts
Staking has become a popular way to help run blockchain networks, and the platforms on this page allow you to participate and earn passive staking income without doing the work.
There are many potential factors to consider to find the right platform for you, but once you've made your choice, you can start staking and earning rewards in minutes with any of the platforms above.