Best Crypto Staking Platforms to Earn You Passive Income in 2024

Many beginners think that trading cryptos is the only way to make money in the crypto sphere. Fortunately, there are many other ways to do it, but not all of them are recommended for people just starting out in the industry. You will be delighted to learn that staking is probably the easiest way to earn some profits without even knowing what particular coins are used for.

If that sounds like you, you’ve come to the right place. Read our guide to discover the best crypto staking platforms, how to use them, what benefits and rewards they offer, and more.

Reviewing the Best Crypto Staking Platforms

Let’s now take a closer look at the above-mentioned crypto staking platforms so that you can find the best option that fits your investment portfolio. 

1. Pepe Unchained

We have picked Pepe Unchained ($PEPU) as the best crypto staking platform in 2024. This is an Ethereum-based layer-two (L2) meme token that offers huge staking rewards to token holders. 

At press time, $PEPU can be staked on the platform to generate an APY (Annual percentage yield) of nearly 321%. Since $PEPU is an L2 token, it offers greater scalability and faster transaction speeds compared to other tokens. This also helps reduce the operational costs, allowing $PEPU holders to earn a greater yield. 

$PEPU has a total supply of 8 billion tokens, of which 2.4 billion will be allocated through staking pools. So far, more than 600 million tokens have been staked on Pepe Unchained. Another 20% of the total supply is being distributed through the presale. 

Currently, $PEPU is priced at just $0.0090178 per token. Within a few months since the Pepe Unchained presale started, the platform has raised more than $8.4 million. To stay tuned for more project updates, go through the Pepe Unchained whitepaper and join the Telegram channel. 

2. Crypto All-Stars

Crypto All-Stars ($STARS) is one of the best crypto staking platforms for holders of the world’s biggest meme tokens. 

With Crypto All-Stars’ upcoming mode known as the ‘MemeVault’, investors can stake various meme coins under one roof – including the likes of Dogecoin, Shiba Inu, Floki Inu, Pepe, and Brett. 

Once all your assets are staked on the MemeVault, Crypto All-Stars will offer passive income via $STARS, its native currency. Notably, 25% of the total 42.069 billion $STARS token supply will be distributed through the MemeVault. 

Investors can stand a chance of earning a 3x increase on their APY by holding a certain number of $STARS tokens in their portfolios. Moreover, $STARS tokens can also be staked to earn an annual yield of 5,073% on Crypto All-Stars. Another 25% of the supply will be distributed through staking mechanisms for staking the native token. 

Thus, this revolutionary staking mechanism has already attracted the interest of mainstream buyers – with over $350K worth of tokens being purchased within three days of the presale launch. 

Learn more about this meme-staking platform by going through the Crypto All-Stars whitepaper and joining the Telegram channel. 

3. Kraken Pro

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 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.

4. PlayDoge

PlayDoge ($PLAY) is a mobile-based play-to-earn (P2E) meme coin that offers several earning opportunities. One of its main features is the multi-chain staking mechanism, which allows token holders to lock their holdings on both the BNB and ETH chains. 

At the time of writing, $PLAY can be staked to earn an APY of 77% and 69% on the BNB and ETH chains, respectively. Nearly 500 million of the total 9.4 billion $PLAY token supply is staked on PlayDoge. 

Along with the staking platform, PlayDoge users can win big rewards through the P2E mode. On this environment, players can leverage their pet Doge avatars in mini-games and win tokens as they progress through the gameplay. 

Interested investors can buy $PLAY for just $0.00528 through the ongoing presale. The presale consists of 40 rounds, through which 50% of the token supply will be distributed. Another 12% of the supply will be allocated through staking pools. 

The PlayDoge presale has raised more than $6 million. Stay tuned for more project updates by going through the PlayDoge whitepaper and joining the Telegram channel. 

5. The Meme Games

The Meme Games ($MGMES) is a new meme token that offers staking rewards and presale gamified bonuses through an Olympics-style racing competition. 

$MGMES token holders can stake their holdings on Ethereum-based smart contracts, and earn an APY of up to 571%. To earn further rewards, presale investors can take part in the gamified token bonus scheme. 

After purchasing tokens on presale, investors get access to a 169m dash race. On this race, users can select a meme avatar to represent them, and win a 25% presale bonus if their chosen character wins. 

From a total supply of 2.024 billion tokens, The Meme Games will allocate 10% through the staking mechanism and another 10% through the game winnings. The presale is allocating 38% of the total token supply. 

Within a week of The Meme Games presale launch, this platform has raised more than $362K. Currently, $MGMES is priced at $0.0092 per token. Read the Meme Games whitepaper and join the Telegram channel for more information. 

6. ShibaShootout

ShibaShootout ($SHIBASHOOT) is set in the world of the Wild West, and offers several benefits to token holders. 

Through the ‘Cactus Staking’ mode, $SHIBASHOOT can be locked into smart contracts to generate an annual yield of up to 1,000%. Since the staking mechanism launched, more than 25 million tokens have been staked on this ecosystem. 

ShibaShootout is a community-driven project, offering governance and voting opportunities to token holders. Through engaging storytelling modes, users can also share their meme coin journeys and win tokens for doing so. 

ShibaShootout will soon launch lottery rounds to provide further rewards to $SHIBASHOOT token holders. A portion of the lottery collections will be donated to charities. $SHIBASHOOT has a 2.2 billion token supply – out of which 440 million tokens will be distributed through the staking pool. 

Another 770 million tokens are being distributed through the presale. Within a few months, the ShibaShootout presale has raised more than $933K. Learn more about this meme coin by reading the ShibaShootout whitepaper and joining the Telegram channel.

7. Mega Dice Token

The next crypto staking platform on our list is Mega Dice ($DICE). It’s a popular casino with over 4,500 games and lets you bet on over 50 sports. It also has over 50,000 users, with 10,000+ daily active users.

Based on the Casino’s performance, the platform offers its players daily staking rewards. The project recently launched a presale for its $DICE tokens, where early buyers can get these tokens for just $0.069 each. However, this price will rise in the next presale round.

You can choose to stake your $DICE tokens for 10 days, three months, or six months. When you stake your $DICE tokens, you can earn a high APY throughout the year.

Moreover, if you stake your tokens, you’ll get daily rewards and bonuses in the casino. You’ll also get exclusive access to new casino games and can join special events.

It’s worth noting that the project has a supply cap of 420 million tokens. The casino has set aside 10% (42 million) of these tokens for staking rewards.

The platform currently offers 35% of its tokens in the ongoing presale phase. You can read the Mega Dice Token whitepaper to learn more about the project and join its Telegram group to get the latest updates.

8. Sponge V2

SPONGE‘s rapid surge in popularity propelled the project to a remarkable $100 million market cap. Despite the subsequent decline in value, the introduction of their new ERC-20 token, SPONGEV2, aims to bring the buzz back.

The new token will go live via a stake-to-bridge mechanism, enabling SPONGE holders to transition to the $SPONGEV2 smart contract. Stakers of the V1 token are rewarded with V2 tokens and a promise of high APY over the next four years. This might be enough to have your V1 tokens permanently locked in V2 contracts.

SPONGE’s upcoming play-to-earn racing game, detailed in the whitepaper, could provide an extra ‘pro’ – if you’re still concerned about having your V1 tokens permanently locked up. Set to release following the launch of V2, this game presents another opportunity to accumulate $SPONGE tokens through competitions.

Used by more than 10 million people, Bitrue is one of the most popular crypto staking platforms. Since its launch, more than 371.69 million Tether has been staked on Bitrue. A further 23.2 million Tether has been distributed as rewards. Investors can lock in top assets such as USDC, NEAR, and LINK through the staking mechanism. 

Bitrue also allows investors to stake its native token (BTR) for 30 days and generate up to 100% in APY. Other tokens, such as USDC, offer 10.99% APY for a 30-day staking period.

This staking platform also offers competitive daily rewards with its Power Piggy feature. You can earn high APY through this tool by staking tokens for a single day. 

For instance, the Power Piggy feature offers a standard APY of 16% for staking USDT. However, those holding between $500 – $10,000 worth of BTR tokens get a 1.024x multiplier on the standard base rate. A 1.2x multiplier is applied if you hold more than $10,000 worth of BTR tokens.

10. Margex 

Launched in 2019, Margex has developed into a crypto trading platform that allows investors to stake and earn passive income on some of the top tokens, such as Bitcoin, Ethereum, Tether, and Chainlink. 

On Margex, there are no lock-up periods for staking cryptos. Thus, investors can stake and withdraw their holdings at any time. Once tokens are staked on Margex, they are used for various purposes.

For instance, the tokens provide liquidity to Margex order books and help in cross-chain arbitrage. Furthermore, the tokens are used to offer collateralized loans and for liquidity farming. 

One of the major advantages of staking with Margex is that investors can actively trade their locked-in tokens. You can earn up to 5% APYs in some instances. For example, staking USDT and USDC will allow investors to earn up to 5% APYs, whereas BTC offers 3%. 

For security purposes, Margex uses an MP shield to avoid price manipulation.

11. Nexo

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.

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 APY, investors can receive up to 12% if they’re on the “Platinum” tier.

This tier is reserved for those who 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

One of the best crypto staking platforms for those looking to stake ETH is OKX. It has a dedicated staking feature for Ethereum 2.0, which is ideal for investors who 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 equals just $405 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 ETH.

In addition to 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. In other words, the more BETH you hold, the greater the airdrop eligibility.

13. Bybit

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 30%.

The platform offers various lock-in durations, 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.

Bybit Earn offers some of the top new cryptocurrencies, such as APT and FITFI. Additionally, Bybit provides ETH 2.0 liquid staking and liquidity mining, ensuring more earnings opportunities for experienced investors.

14. Crypto.com

Crypto.com is a 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.

This 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 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 who 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.

15. Binance

Binance needs no introduction, as it remains the world’s largest cryptocurrency exchange, regularly handling over $6.7 billion in daily trading volume. Due to this exchange’s size, it has enormous credibility within the space, making it one of the best crypto staking platforms.

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 best 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.

16. Coinbase

With a quarterly volume of over $145 billion, support in more than 100 countries, and housing $130 billion worth of assets on its platform, Coinbase offers a lot more than a traditional cryptocurrency exchange.

Its staking platform is considered lucrative among investors, for the assets supported are many, and the APY offered can go as high as 10% on average.

Its staking platform is considered lucrative among investors, for the assets supported are many, and the APY offered can go as high as 10% on average.

With Coinbase, it is possible to earn APY on 83 assets in total. The highest APY provided at press time is for holding Archway, which is 16.20%. Coming in a close second is Celestia, which delivers an annual percentage yield of 14.79%. When it comes to Ethereum, Solana, and Cardano, the APY is at a low end, peaking at 5%. However, the presence of these options is what counts, and Coinbase is leading the charge there.

Offer: Sign up and get up to $200 in crypto¹

Terms: ¹Valid for new users who make a cryptocurrency purchase on Coinbase. Limited while supplies last or Coinbase revokes this incentive at its sole discretion. Coinbase reserves the right to change the terms, eligibility criteria, and payouts for all incentives at any time, for any reason. Void where prohibited or if Coinbase determines that the customer is not eligible for the offer. Terms apply.

17. MyCointainer

When it comes to asset selection this is one of the best crypto staking platforms. 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.

18. Aave

Aave is 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.

To begin the staking process, you need a compatible wallet and some AAVE tokens. Yields can range to 12.22%, and rewards are 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.

What is Crypto Staking?

Crypto staking is a way for investors to earn rewards while locking cryptocurrencies on a staking platform for a predetermined amount of time. This process is popular because it enables investors to generate a yield on assets without having to trade them on a daily basis.

On-Chain & Off-Chain Staking

When looking for the best crypto staking platform of 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.

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.

How Does Staking Crypto Work?

Here’s a brief overview of how the staking process works:

• 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 to provide the desired rewards.

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

Benefits of Staking Crypto

Choosing the highest APY crypto staking site and locking up tokens is a popular process among 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, 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 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 equal 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 crypto staking sites 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.

Do You Pay Tax on Crypto Staking?

It’s natural for investors to wish to avoid crypto taxes, which is no different for those involved in the staking. However, 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 returns. Failure to do so could result in a penalty.

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?

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 with staking is usually related to the blockchain network and exchanges. Even the best exchange to stake crypto could be the subject of a cyberattack or a security breach 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 “stakeable,” 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 Coinbase and only investing in high-quality tokens, investors can give themselves the best chance of creating a recurring income stream.

Is Crypto Staking Worth it?

Staking can be an attractive opportunity for investors looking to maximize their income. However, as with all investment actions, whether something 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.

Conclusion

Choosing the best crypto staking platforms is important for crypto investors looking to earn passive income. Their main advantage is that you don’t have to check your investments every now and then. You just have to pick the best platform, lock your coins, and wait to withdraw yields.

Don’t forget to follow the steps we described above when selecting the proper platform. A lot of them offer similar features, but not all deserve your time and attention.

One platform that stands out from the crowd when it comes to crypto staking is Pepe Unchained. Participating in its ongoing presale empowers investors to savor huge APY rewards. 

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