16 Best Crypto Staking Platforms with the Highest Rates in 2023

Cryptocurrency has completely reshaped the world of finance, providing an array of innovative approaches that individuals can employ to invest and grow their cash. Crypto staking has emerged as one of the most attractive approaches, allowing investors to earn passive income while participating in the validation of top blockchain networks.

However, with so many staking options, it can be tricky for investors to choose the right platform to partner with. That’s why we’ve researched and identified the best crypto staking platforms available this year – ensuring investors have the information needed to maximize their returns.

Reviewing the Best Cryptocurrency Staking Platforms

According to Statista, over $47bn was staked across the top five staking cryptos at the end of 2022 – highlighting the massive scale of this investment opportunity. This figure is even more impressive, considering it was reported during the depths of the crypto winter, hinting that the staking sector could grow even larger this year.

So, without further ado, let us dive in and take a closer look at the best staking crypto platforms available to investors:

1. Bitcoin ETF Token – Overall Best Crypto Staking Platform Offering Over 1,100% in APYs

Our #1 pick for the best cryptocurrency staking platforms is Bitcoin ETF Token ($BTCETF). This cryptocurrency speculates on the imminent arrival of a Bitcoin ETF – and will reward token holders with deflationary mechanics and high staking yields. 

A Bitcoin ETF (Exchange-Traded Fund) will allow institutional investors to trade BTC without holding the underlying asset. This move is also being pushed by global investment firms such as BlackRock. Currently, the SEC is yet to approve the first Bitcoin ETF.

Bitcoin ETF Token has set 5 milestones in relation with the developments of the ETF. Upon reaching each milestone, the cryptocurrency will burn 5% of its token supply. These include: 

• The first Bitcoin ETF is approved by the SEC
• Release of the first Bitcoin ETF 
• Bitcoin ETF crosses $1 billion in assets under management
• $BTC reaches the $100K mark 
• $BTCETF reaches $100 million in trading volume 

Thus, Bitcoin ETF Token will burn 25% of its token supply in total. The cryptocurrency will also offer 25% of the supply via staking rewards. This crypto staking platform is offering huge APYs (Annual Percentage Yields) through its smart contract. 

At press time, investors can stake $BTCETF and get 1,120% in APYs. Over 25 million tokens have already been staked on Bitcoin ETF Token’s smart contract. As staking increases, the decrease in circulating supply can make $BTCETF a valuable token in the long term. 

From the 2.1 billion token supply, Bitcoin ETF Token is allocating 40% for presale. There will be ten presale rounds – each allocating 84 million tokens. The goal is to raise $4.956 million by the end of the presale. Interested investors can buy $BTCETF through the presale and get huge staking yields. 

Read the Bitcoin ETF Token whitepaper and join the Telegram channel for more information. 

2. Bitcoin Minetrix – New ERC20 Crypto Staking Platform With 10,895% PoS Yields and BTC Cloud Mining Rewards

Bitcoin Minetrix ($BTCMTX) is an Ethereum-powered BTC cloud mining platform with two methods of income generation – PoS yields and cloud mining rewards.

Users can either stake their $BTCMTX token or burn their credits for BTC, through a world-first stake-to-mine model. 

This is something we haven’t seen before in the BTC cloud mining industry, which offers BTC mining over Ethereum. Users stake $BTCMTX to generate mining credits over time. These are then burned in return for BTC cloud mining power and Bitcoin rewards. It’s a simple concept that makes Bitcoin mining accessible to the masses. 

Bitcoin mining is now dominated by small groups of mining companies that use specialized hardware (ASICs) that are expensive and ecologically damaging. No layperson can afford this technology, and even if they could, it is very expensive to maintain it profitably. It takes considerable expertise, which is where this new presale comes into play. 

Bitcoin Minetrix provides an interface where users can burn, withdraw, or stake their coins. They are also provided with an overview of daily, weekly, and monthly rewards, as well as ‘Mining Credits Earned’, ‘Mining Power Bought’, and ‘Total Power Recieved’. They have complete control over their entire operation, without purchasing anything, without any technical expertise, and with a $10 minimum upfront investment. 

This campaign has also undertaken an advanced manual third-party smarty contract audit from Coinsult, and no issues were found within the code – low risk, medium risk, or high risk. 

This staking platform offers a staggering 10,895% yield with a mining reward of 158 $BTCMTX per block and a total of 3,824,514 staked tokens, at the present time

There are ten stages to its presale, and the price per token in the initial stage is $0.011, thought this will rise to $0.0119  by stage ten. 2.8 billion tokens are available in this presale, which raised over $100k within hours of its launch. 

This is a token that could experience upside potential.

It can also be staked for sky-high APY, or burned for BTC rewards – a triplicity of revenue, though it’s important to read the Whitepaper to understand the risks associated with this token, and what it really offers.  

It’s also useful to connect with the Twitter and Telegram accounts for more information about Bitcoin Minetrix. 

3. Meme Kombat – Battle Themed Stake-to-Earn Meme Platform With 112% APY And Blockchain-Based Betting

Meme Kombat ($MK) is a new stake-to-earn ERC20 platform that allows memes to come together under one roof and engage in combat. So far, the list of celebrity memes include Doge, Floki, Baby Doge, Milady, Kishu, Mong, Pepe, Pepe 2, Shiba, Sponge, and Wojack. This is the case for Season 1, but more memes and battle styles are sure to follow in Season 2, based on user feedback and network enhancements.

The stake to earn platform currently offers yields of 112%. Of the overall supply of 12 million tokens, 30%, a relatively large figure, is allocated to staking and battle rewards. 50% (6 million $TGC) is available in presale, 10% to DEX liquidity, and 10% to community rewards. 

A 14 day lock period applies to staked tokens. Staked tokens gather interest with time, so users are rewarded for their commitment. These passive rewards tie in well with the active betting aspect of the ecosystem, providing a dual means of income for users. Users can specify what percentage of their overall allocation they would like to place on a given event, catering to individual risk tolerance and gaming preferences. 

Aside from staking rewards, the native $MK token could undergo price appreciation. This is because the idea of bringing together all memes into a battle arena has not been done before. Individual meme tokens have a history of parabolic performance if a community gets behind them. 

This is a new initiative that allows memes to come together, with blockchain-based bets placed on the outcomes. There are 3 betting types – direct, p v p, or p v game, which adds depth and sophistication to the combat. The platform also uses AI-rendering to make lifelike meme visuals, while staying true to their original representations. 

Aside from high APY rewards, this is a coin with 10x potential, according to some analysts.

The price per token is $1.667 with a total of 6 million available in the presale, for a total hard cap of $10 million. 

More info can be found on the Whitepaper as well as the campaign socials – Telegram and Twitter.

4. XETA Genesis – A Leading Platform That Connects Web3 Investors And Traditional Finance Investing With Up To 20% Monthly Returns

XETA Genesis is a leading Web3 project that lets users participate via something called Genesis accounts and Genesis pools via the USDC stablecoin, while the XETA team uses the funds to trade forex and precious metals with high-frequency trading (HFT) algorithms.

This project has been around for over a year and has consistently made high returns of 20% and higher each month to investors.

 

All you need is an Ethereum wallet like MetaMask to connect to XETA Genesis and use USDC to buy accounts or create pools. XETA also supports the Avalanche blockchain, which is the better option due to lower transaction fees.

There are three Genesis accounts to choose from: $250, $500 and $1,000. All three return up to 20% each month at the moment, and all three come with a $25 monthly fee. If you fail to pay the monthly fee, your entire account will be forfeited. Make sure to have enough funds in your wallet to cover the fee.

Withdrawals are open every 28 days — known as XETA cycles —and cost 2.5% of the withdrawal amount. Genesis accounts don’t compound returns and expire after 12 months. This means, you only make withdrawals every XETA cycle and after 12 months, there’s nothing more to withdraw. With the current returns, though, that’s not bad, given you can double your account within 12 months.

If you got to invest $10,000 or more, you can choose a Genesis pool. Monthly returns vary with pools depending on the amount you deposit. However, each pool comes with a 2.5% withdrawal fee and a 2.5% monthly maintenance fee, which if unpaid, closes your account and your funds are forfeited.

Unlike Genesis accounts, Genesis pools compound and you can withdraw your principal. This means that if you don’t withdraw anything each XETA cycle, your next return will increase due to compounding.

Follow XETA on X and join the XETA Discord channel to learn more about this project.

5. TG.Casino – Telegram Powered Casino With 3,395% APY And KYC-Free Betting Raises $150,000 Within a Day of Launch

TG.Casino ($TGC) is a brand new presale that enables users to access casino games through a single application, which they probably already have – Telegram.

With a Zero-KYC policy and instant crypto deposits/withdrawals, the barriers to the casino industry have all but disappeared. And this is 100% legal, TG.Casino being a licensed provider based in Curacao. 

This Ethereum-powered staking platform has a large number of USPs, but a major one would be that it’s Telegram only. Telegram is the most popular messaging application among crypto investors, who will already have both. No additional software needs to be downloaded, and there is no waiting on account approval. 

This instant access model is currently providing a gigantic 3,395% APY to presale investors, though such yields tend to decrease as more people invest and stake their coins.

Rewards are immediate with TG.Casino, even during presale. 20% of the overall token allocation (20 million $TGC) is allocated to staking. And there is another 10% (10 million $TGC) dedicated specifically to player rewards. 

This crypto staking ecosystem offers more than just straight APY, with many levels of incentives. A portion of the casino’s profits are either burned (to facilitate price appreciation for $TGC) or sent straight back to the community in the form of bonuses. This means that it is the coin holders and players who get rewarded, not an unknown group of owners. 

This high APY presale is selling out quickly, raising $150,000 out of its $5 million hard cap within 24 hours. It is redefining the casino industry to make it more equitable for all users, with many ways to earn an income. 

For those who just want to play without the hassle of KYC or account registration, it’s never been easier than with TG.Casino. 

The price per token is $0.125 with 40 million available in presale, for a hard cap of $5 million.

For an enhanced understanding of TG.Casino and what’s on offer, join the socials (Telegram/Twitter), and read the Whitepaper from top to bottom.

6. Wall Street Memes –  Staking Cryptocurrency  Raised $25M During Presale With 60% Staking APY, Now Listed on OKX

 Wall Street Memes ($WSM) is one of the best presales of 2023. This is a meme token that has enjoyed one of the best crypto presales of the year, raising more than $25 million so far ahead of its closing date on September 25.

Currently, token holders can stake $WSM on the ecosystem and get a huge estimated APY (Annual Percentage Yield) of 60%, with almost 350 million tokens locked in the pool at the time of writing.

However, the staking amount reduces as the number of staked tokens rises in the ecosystem, so this is expected to drop but still outperform other leading staking tokens.

The presale is now in the final round – with $WSM is priced at $0.0337 per token – giving investors one final chance to secure tokens before a highly-anticipated IEO on a tier 1 cryptocurrency exchange. 

Wall Street Memes has a total token supply of 2 billion, 1 billion of which have been allocated for the presale. Another 30% of the token supply will be allocated in the form of community rewards, including staking and an airdrop. Thus, long-term token holders can earn passive income and rewards by holding $WSM.

Furthermore, 10% of the token supply will be used to maintain CEX (Centralized Exchange) liquidity, while 10% will be used to maintain DEX (Decentralized Exchange) liquidity. Notably, Wall Street Memes already has a social media following of more than 1 million users, which will help make it a viral token in the future. 

The Wall Street Memes creators also released a successful NFT project called Wall St Bulls, which sold out 10,000 NFTs in 32 minutes during the first NFT drop. Join the Wall Street Memes Telegram channel to stay updated with this cryptocurrency. 

7. eToro – Emerging Crypto Staking Platform in 2023

Next on our list of the best crypto staking platforms this year is eToro. eToro is one of the world’s most highly-respected brokers, working with over 28 million clients in hundreds of countries globally. With eToro, clients benefit from low trading fees, a considerable asset selection, and a range of attractive features – including “automatic staking.”

This feature does exactly what it sounds like – it stakes clients’ crypto holdings on their behalf with no manual input required. At the time of writing, eToro supports three cryptos through this feature (Ethereum, Cardano, and Tron), although more are set to be added soon.

The automated process is one of the main reasons that eToro is our pick for the best crypto staking platform. Moreover, eToro has no lock-in period, so clients can access their staking rewards anytime. These rewards are distributed each month and are based on which “tier” the user is part of.

Each tier (e.g., bronze, silver, gold, etc.) is based on the user’s equity, which is essentially their balance plus any open positions. The higher the tier, the bigger the share of the staking rewards that eToro can obtain – with Diamond and Platinum+ tier members receiving 90% of the rewards.

Aside from staking, eToro provides access to a host of the best altcoins and tokens. Clients can invest in these crypto assets and pay just a 1% transaction fee on each position (plus the market spread). Importantly, eToro’s minimum trade size is just $10, which makes this broker accessible to all traders.

eToro even offers its very own crypto wallet called “eToro Money.” This wallet supports hundreds of crypto assets and is completely free to download and use. Clients can swap one coin/token for another from within the wallet’s interface while benefitting from high-end security features like SSL encryption and an unlosable private key.

Ultimately, those seeking an easy-to-use crypto staking site would be well served using eToro. The site’s automated staking feature, low trading fees, and free crypto wallet app make it ideal for beginners and advanced investors. It also allows users to earn interest on crypto with the click of a button.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

8. Binance – Enormous Crypto Exchange with DeFi Staking Protocol

Another of the best crypto staking platforms to consider is Binance. Binance needs no introduction, as it remains the world’s largest cryptocurrency exchange, regularly handling over $6.7bn in daily trading volume. Due to this exchange’s size, it has enormous credibility within the space, making it an excellent option for staking cryptos.

Binance’s “DeFi Staking” feature offers staking opportunities on 14 coins/tokens, including ETH, XRP, AAVE, and LTC. APRs vary depending on the asset but typically range from 0.2% to 6%. Each crypto asset has a minimum staking amount, although users can opt for “flexible” lock-in or fixed, depending on their preferences.

Although it’s not the highest APY crypto staking site on our list, Binance offers other features, such as ETH 2.0 staking. This differs from the DeFi Staking feature mentioned above since rewards will be paid in “BETH.” With ETH 2.0 staking, users will receive daily rewards and can redeem their BETH tokens for ETH at any time.

Those looking for the next crypto to explode can also use Binance to open positions cost-effectively. Binance only charges a 0.1% maker/taker fee, making it one of the cheapest platforms on our list. However, users can reduce this to 0.075% simply by paying fees using Binance Coin (BNB).

Cryptoassets are a highly volatile unregulated investment product.

9. Crypto.com – Well-Known Exchange Offering Flexible Staking Periods

Crypto.com is another top crypto staking site designed to appeal to investors of all experience levels. The staking feature is called “Crypto.com Earn” and allows users to stake over 20 crypto assets, including lesser-known tokens like ONE and NEAR.

Our Crypto.com staking review found that the feature even works with coins that aren’t based on Proof-of-Stake (PoS) protocols, significantly enhancing the options available to investors. Moreover, investors can select their staking amount and term (flexible, one month, three months) to tailor their rewards ratio.

The Crypto.com staking rewards on offer are also based on how many CRO tokens the investor chooses to lock up. CRO is Crypto.com’s native token, so the more tokens utilized, the higher the investor’s yield. Those that lock up over $40,000 worth of CRO can receive up to 4% more staking rewards.

Rewards are paid weekly, with “Private Members” receiving an additional 2% yield relative to regular clients. Users must hold a Frosted White Gold, Icy White, or Obsidian Crypto.com credit card to become a Private Member. Regardless, those interested in cryptocurrency staking can redeem their rewards anytime, subject to certain conditions.

Cryptoassets are a highly volatile unregulated investment product.

10. Kraken – Best Crypto Staking Platform for Experienced Investors

Advanced investors looking to start staking in crypto may wish to check out Kraken. This is because Kraken’s staking protocol is included in its “Kraken Pro” account, which is specially designed for experienced traders. Kraken Pro is highly customizable and offers a massive array of advanced trading tools.

Kraken Pro supports over 200 crypto assets and offers yields of up to 24% per year. Rewards are distributed twice weekly on many cryptos, although this will vary depending on the coin/token. Notably, 14 of Kraken Pro’s supported coins allow “flexible earning,” meaning they don’t require a lock-up period.

Users can stake many of the best Reddit cryptos, including Ethereum, Tezos, and Algorand. Kraken Pro also has a handy visualization graph highlighting the staking rewards investors will accrue over time. Finally, these features can also be accessed on the free Kraken Pro app, available on iOS and Android devices.

11. Nexo – User-Friendly Earning Mechanism with Customizable Yields

Nexo offers an “Earn” feature similar to staking in crypto. This feature allows investors to earn a predictable income stream on their idle crypto assets. With Nexo Earn, investors will receive compound interest on their investments and daily payouts. This is a great option for those looking for the best DeFi interest rates in 2023.

Investors can earn rewards “in kind” or be paid in NEXO – the platform’s native token. Those who opt for the latter can receive an additional 2% yield relative to the standard setup. Regarding APYs, investors can receive up to 12% if they’re on the “Platinum” tier.

This tier is reserved for those that hold over 10% of the crypto portfolio in NEXO tokens. At the time of writing, this leading DeFi lending platform offers over 35 cryptos to stake and is available in more than 200 jurisdictions globally. The platform even has top-tier insurance to protect clients in the unlikely event of hacks or private key loss.

12. OKX – Widely-Used Platform for Flexible Ethereum 2.0 Staking

One of the best crypto staking platforms for those looking to stake ETH is OKX. As the best decentralized exchange, OKX has a dedicated staking feature for Ethereum 2.0, which is ideal for investors that wish to participate in the network’s validation without running their own node.

The minimum requirement to use this feature is 0.1 ETH, which equates to just $184 at the time of writing. Rewards are based on the on-chain locking amount, often varying between 4% and 20%. Importantly, these rewards are distributed in BETH, which can be instantly redeemed for standard ETH.

Aside from offering some of the best crypto staking rewards on Ethereum, OKX also has an exciting airdrop feature. Users who hold new BETH positions for 30 consecutive days will receive additional tokens via an airdrop – the more BETH held, the greater the airdrop eligibility.

13. Coinbase – One of the Best Staking Crypto Platforms for Beginners

Coinbase is one of the most user-friendly crypto exchanges, boasting a clean interface designed for beginners. The exchange’s staking process is also easy to use and is offered through the “Earn” tab. This feature allows users to earn up to 6% APY on their crypto, with a minimum staking amount of just $1.

A total of 119 assets are supported through Coinbase Earn, including USDC, ETH, ADA, and SOL. Coinbase allows users to opt out at any time, although the related blockchain network may require a “cooldown” before the tokens can be traded or sold.

All of Coinbase’s staking cryptos are kept in one place, and users simply need to click “Start Earning” to get involved. Coinbase even offers “Cloud Staking,” which allows investors to keep full custody of their assets while helping secure networks.

14. Bybit – Highest APY Crypto Staking Site with Yields Up To 545%

Bybit is another top crypto exchange that allows users to grow their crypto holdings through staking. This process is facilitated through “Bybit Earn,” which supports over 30 coins/tokens. At the time of writing, the APYs offered through Bybit Earn stretch all the way up to 545%.

Various lock-in durations are on offer at Bybit, ranging from flexible up to one month. The longer the lock-in duration, the higher the yield. Notably, Bybit also has an “Auto-Earn” feature that automatically transfers eligible cryptos to the Earn mechanism, allowing investors to maximize their returns.

Some top new cryptocurrencies are offered through Bybit Earn, such as APT and FITFI. Aside from this mechanism, Bybit also provides ETH 2.0 liquid staking and liquidity mining, ensuring more earnings opportunities for experienced investors.

15. MyCointainer – Easy-to-Use Platform with Innovative “Cold Staking” Feature

MyCointainer is one of the best crypto staking platforms when it comes to asset selection. Crypto investors can access staking opportunities on over 120 crypto assets and receive yields that exceed 100% per annum. Importantly, MyCointainer is a licensed partner of Fireblocks, enhancing the platform’s security.

There are various ways to earn with MyCointainer, including “cold staking,” which sees investors delegate their tokens to MyCointainer’s nodes. This allows investors to participate in the security of the related network, all while earning the same rewards and benefits as with the standard staking process.

Investors can boost their earnings even further thanks to MyCointainer’s airdrops, giveaways, and cashback. This latter feature is particularly exciting since cashback is offered from over 2,300 global retailers – and can reach up to 7% per transaction with some companies.

16. Aave – DeFi Protocol with Built-In Staking Mechanism

Concluding our list of the best crypto staking platforms is Aave. Aave is one of the best DeFi coins on the market since it’s a decentralized platform that allows investors to borrow and lend crypto tokens. The staking process on this platform works by users staking AAVE, the platform’s native token, to help secure the protocol.

A compatible wallet and some AAVE tokens are all required to begin the staking process. Yields can range to 12.22%, with rewards distributed as additional AAVE.

Like most staking protocols, the exact yield depends on the number of AAVE tokens staked and the length of time they’re staked for. Finally, although many investors conduct staking directly through the protocol’s interface, AAVE can also be staked using most top brokers and exchanges.

Best Crypto Staking Sites Comparison

Now that we’ve reviewed the top crypto staking sites, here’s a table comparing all ten platforms – making it easy for investors to identify which they’d like to partner with:

What is Crypto Staking?

But what is staking, and how does it work? Let’s take a deep dive into these two questions below:

How Does Staking Crypto Work?

Put simply, crypto staking is the process of taking part in the Proof-of-Stake (PoS) mechanism of a specific blockchain network. This process involves “staking” some of the network’s native tokens to help validate transactions and maintain the network’s security level. Those who help out in the network in this manner will receive rewards in the form of additional tokens.

In terms of how crypto staking works, here’s a brief overview of the process:

• Decide which crypto to stake
• Purchase some coins/tokens
• Choose a staking method
• Decide which staking platform to use
• Begin staking
• Unstake coins/tokens

The steps above will vary depending on the blockchain and other factors, although they typically follow this structure. Each staking token will have its own yield attached, so it’s wise to shop around and find a token that can provide the required rewards.

However, it’s also essential to know the risks associated with staking. Since the tokens will be “locked up,” there’s scope for their value to decrease in the interim. Moreover, there’s also a chance that the staking network could be compromised and funds stolen – although this is unlikely, it’s crucial to understand that it is possible.

On-Chain & Off-Chain Staking

When looking for the best crypto staking platform in 2024, it’s also essential to understand what on-chain and off-chain staking are and the differences between them.

• On-Chain Staking: This is when tokens are staked directly on the blockchain network. Stakers must lock up their tokens using a wallet and may also have to operate a node.
• Off-Chain Staking: This process involves staking through an intermediary, such as a broker or exchange. Stakers give their tokens to the intermediary, who stakes them on their behalf.

Both approaches have pros and cons, so neither is considered the “best” approach. Ultimately, on-chain staking is considered more decentralized and secure – although it can be more complex, which may be off-putting to beginners.

On the other hand, off-chain staking is much more accessible since the intermediary handles all technical aspects. Moreover, this approach often requires a lower minimum staking amount. However, since a third party manages the user’s tokens, there are always security risks to be aware of.

Benefits of Staking Crypto

Choosing the highest APY crypto staking site and locking up tokens is a popular process completed by hundreds of thousands of investors globally. But why is this process so popular? Let’s take a look at some key reasons below: 

Provides Passive Income

Naturally, one of the main benefits of staking crypto is that it allows investors to generate passive income. By locking up their tokens, investors will earn rewards in the form of additional tokens.

Since this income stream is inherently predictable, staking can be an appealing opportunity for those looking to maximize their idle crypto assets. Moreover, the process is relatively “hands-off,” which is ideal for beginner investors. 

Contributes to Network Security

Another critical benefit of staking is that it allows investors to contribute to the security of a specific network. For example, if an investor stakes ETH, they’re effectively helping validate the transactions that occur on the network.

Even by using the best crypto staking platform in 2024, investors can still indirectly help maintain the integrity of blockchain networks. In turn, this helps protect the network from cyberattacks or fraud.

Access to Voting Rights

In many cases, staking crypto also gives investors access to voting rights. This is mainly the case with DAOs since they are effectively governed by token holders who vote on proposals.

Although this doesn’t equate to additional financial gain, staking crypto is a powerful way for investors to help shape the development of specific blockchain networks.

Incentivizes Long-Term Investment Horizons

Like using the best yield farming crypto platforms, crypto staking can incentivize investors to hold their crypto assets long term. This is because many staking platforms require a lock-in period, meaning investors can’t access their holdings for a set number of days.

The more people that opt to hold over the long term, the less volatile the broader crypto market becomes. As we’ve seen in our Crypto.com staking review, the rewards for staking for extended periods can be high – adding a further incentive for investors.

What Cryptos are Best for Staking?

According to the crypto data platform StakingRewards.com, there are now over 170 verified yield-bearing assets spanning a range of blockchain networks. Given this vast selection, it can be tricky for investors to identify which coins offer the best crypto staking rewards.

We have already featured Bitcoin ETF Token and Bitcoin Minetrix to help further streamline this process, presented below are four popular crypto assets that investors interested in staking may wish to check out:

Ethereum (ETH)

Ethereum is one of the most popular PoS tokens for those looking to begin staking in crypto. This smart contract platform has recently changed to a PoS protocol, which means investors can now stake ETH tokens and generate a notable yield.

According to various sources, over $33bn worth of ETH is currently staked on the network – totaling 14% of the entire market cap. Those who run a validator node can generate an APR of 4.9%, although this does require a minimum of 32 ETH to be staked.

Cryptoassets are a highly volatile unregulated investment product.

Polkadot (DOT)

Polkadot has long been considered one of the cryptos with the highest potential due to its unique “parachains” technology which supports interoperability between blockchains. This network uses a PoS protocol – and the more DOT tokens a user stakes, the greater their chances of being chosen as a validator.

It’s easy to stake DOT with various top platforms and well-known wallet providers like Ledger. The staking rewards for DOT differ depending on the platform used, although they can often exceed 15% annually.

Cryptoassets are a highly volatile unregulated investment product.

Tezos (XTZ)

Tezos is another PoS blockchain designed to support decentralized applications (dApps) and smart contracts. This network’s native token is XTZ, which must be staked for at least 23 days before investors can begin accruing rewards.

Those who delegate their XTZ tokens to the network’s validators can receive rewards above 5% annually. XTZ can be easily purchased using most brokers and exchanges – with many of these platforms offering their own staking setup for Tezos.

Cryptoassets are a highly volatile unregulated investment product.

Avalanche (AVAX)

Avalanche is a staking cryptocurrency that offers rewards of around 8% per year for those that delegate their AVAX tokens. These delegators give their tokens to validators who verify transactions that occur on the network.

Staking AVAX is simple – users must buy some tokens and then choose a validator to delegate to. However, these validators will charge a “commission” for their service, taken from the accrued staking rewards.

Cryptoassets are a highly volatile unregulated investment product.

Is Crypto Staking Worth it?

Much like investing in the cryptos with the most potential, staking can be an attractive opportunity for those looking to maximize their income. However, as with all investment actions, whether staking is “worth it” will ultimately come down to the investor’s goals and risk tolerance.

The main benefit of staking is that it provides a predictable income stream. This aspect can be particularly appealing during economic turmoil since yields are often higher than what can be obtained in “traditional” savings accounts.

Moreover, avid stakers naturally diversify their portfolios by purchasing different coins and tokens. As experienced investors will know, diversification is crucial to optimizing an investment portfolio’s risk/return profile.

However, since staking also carries certain risks, such as the possibility of the token’s value decreasing or the network being compromised, it can’t be considered a “bulletproof” approach. As such, investors must weigh the pros and cons before deciding if it’s worth it. 

How to Stake Cryptocurrency

As we’ve discussed until now, staking crypto can be an excellent way for investors to generate passive income on coins/tokens they already own. However, the process of beginning staking can be a little complex at first – especially for beginners.

To help streamline this process, presented below are the five steps that investors must take to stake their crypto assets today using eToro – our pick for the best crypto staking platform: 

Step 1 – Create an eToro Account

Before staking cryptocurrency, investors must create an eToro account. To do so, head to eToro’s website and click “Start Investing.” Enter a valid email address on the following page, choose a username, and create a strong password. After this, eToro will send an email containing a link to verify the provided email address.

Step 2 – Verify Account

Investors must then verify their eToro account to comply with KYC rules. This involves providing additional information and then uploading proof of identity (e.g., passport, driver’s license) and proof of address (e.g., bank statement, credit card statement). eToro will verify these documents and send an email once everything is complete.

Step 3 – Make a Deposit

The next step is to deposit into the eToro account. Click “Deposit Funds” on the account dashboard, choose the preferred currency, and enter the desired funding amount (minimum $10). At the time of writing, eToro accepts the following deposit methods:

• Credit/debit card
• PayPal
• Neteller
• Skrill
• Rapid Transfer
• Bank transfer

Note: All deposit methods are instant, apart from bank transfers, which take 4-7 working days.

Step 4 – Buy a Supported Crypto Asset

Type the name of the desired crypto asset into the search bar and click “Trade.” eToro currently supports staking for Cardano (ADA), Tron (TRX), and Ethereum (ETH) – although there are plans to add more coins in the future.

Enter the desired position size in the order box (minimum $10), check everything is correct, then click “Open Trade.”

Step 5 – Begin Staking

The cryptocurrency staking process at eToro is fully automated – so investors don’t have to do anything once their position has been opened. Staking rewards will be deposited to the investor’s account every month, along with an email detailing how much they’ve earned and how the final total was calculated. 

Do You Pay Tax on Crypto Staking?

It’s natural for investors to ponder how to avoid crypto taxes – and this is no different for those involved in the staking process. Crucially, crypto staking income is usually taxable, although this will vary depending on which country the investor resides in.

Using the US as an example, staking rewards are considered “income.” This means that investors must report what they have earned on their tax return – failure to do so could result in a penalty or worse.

To ensure investors stay compliant, it’s best to keep detailed records of all staking transactions, such as how much rewards have been earned and when the staking process began. Some investors may even wish to use crypto tax software, which can streamline the process and guarantee accurate reporting.

Is Cryptocurrency Staking Safe?

Before concluding this guide on staking cryptos, it’s important to answer one final question: is the staking process safe? Ultimately, like any investment type, staking does carry certain risks. However, if investors understand these risks and accept them, staking can be a great way to maximize potential returns.

The main worry when staking is actually to do with the related blockchain network. Even the best crypto for staking could be the subject of a cyberattack or a security breach; for example, if someone were to infiltrate the related blockchain network. Thus, it’s crucial only to stake cryptos from reputable and secure networks.

Another safety aspect to consider is the overall volatility of the crypto market. Many of the most volatile cryptos are “stakable,” meaning there’s always a risk that the value of staking rewards could go up or down. Investors can mitigate this by diversifying their portfolio by purchasing more than one staking crypto.

However, on the whole, staking crypto is a relatively safe option compared to other strategies like scalping and day trading. By using a secure staking platform like eToro and only investing in high-quality tokens, investors can give themselves the best chance of creating a recurring income stream.

Best Crypto Staking Platform – Conclusion

In summary, the best crypto staking platforms offer investors a simple and lucrative opportunity to grow their asset base. Investors can ensure they make the most of this exciting process by considering factors like security, supported assets, and user-friendliness.

One platform that stands out from the crowd when it comes to crypto staking is Bitcoin ETF Token. It provides huge yields above 1,000% and offers deflationary tokenomics. In the long-term, 25% of the $BTCETF token supply will be burned.

At press time, $BTCETF is priced at $0.005 on presale. 840 million tokens are being offered through the presale.

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