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Best Crypto Staking Platform
With the Best crypto staking platform, you can invest in various cryptocurrencies. The platform lets you track your investment portfolio and performance over time. Investors adore earning passive income, but many industry experts argue that cryptocurrencies cannot serve as a source of income. That's not exactly accurate.
The cryptocurrency that you currently own can generate interest income through staking and a few rewards programs. The best crypto staking platforms for 2022 are researched in this guide and explain how this blockchain segment works.
10 Top crypto staking platforms
Best overall
Binance
Staking Rewards
Up to 5% on stablecoin
Up to 104.62 % on non-stablecoins.
Staking Fees
Free
Lock-In Period
Flexible, 10, 30, 60, or 90 days
Multiple currencies
Gemini
Staking Rewards
Up to 8.05%
Staking Fees
0.5% - 3.99%
(depending on payment method and platform)
Lock-In Period
No Lock-In Period
Low staking fees
BitStamp
Staking Rewards
Up to 5% of APY
Staking Fees
No direct fees. Commission is taken from the total reward pool (15% of the rewards)
Lock-In Period
ALGO: No lock in period, ETH 2.0: Until the upgrade is complete
Best for US users
eToro
Staking Rewards
Differs monthly for ADA, TRX, and ETH2.0*
Staking Fees
Dependable; with a fee of a small percentage of the yield.
Lock-In Period
No lock-in period, flexible withdrawals
Easy to use
Coinbase
Staking Rewards
Up to 5.75% APY
Staking Fees
25% commission on cryptocurrency earnings
Lock-In Period
Vary by asset
Automatic staking
MyCointainer
Staking Rewards
Average up to 14.98% annually
Staking Fees
Differs depending up on assets ( Average Around 2%)
Lock-In Period
No lock-in period
For on-chain staking
Kraken
Staking Rewards
Up to 23% annually (Varies by cryptocurrencies)
Staking Fees
For Stablecoins: 0.9% Flat Fee
Other cryptos: 1.5%
Lock-In Period
No lock-in period
Flexible withdrawals
Crypto.com
Staking Rewards
Up to 8.5% on Stablecoins; USDT, USDC, DAI, etc
Up to 14.5% on Non-Stablecoins; BTC, ETH, CRO, LTC, etc
Staking Fees
Depends on assets
Lock-In Period
3 months, 1 month, or flexible
Best for outside US
AQRU
Staking Rewards
Up to 7% on Stablecoins: USDC Maple, USDC: 3%,
BTC, ETH up to 1%, Maple ETH: 5%
Staking Fees
Free, only crypto withdrawal fee: 20%
Lock-In Period
No lock-in period
High interest rate
DeFi Swap
Staking Rewards
On DeFi Coin: 30-75% APY
Staking Fees
Extremely low fees (such as $0.11on 4,000 DEFC)
Lock-In Period
30, 90, 180, or 365 days
What is Crypto Staking?
One tactic that allows for passive income generation is staking. Crypto Staking is transferring or locking up crypto holdings to validate blockchain transactions according to the Proof of Stake, or "PoS" protocol. An investor locks up assets while earning rewards or "interest" in return.
Crypto staking is similar to depositing money in a bank. A network's protocol locks up an investor's holdings, like depositing money in a bank and agreeing not to withdraw it for a set time. It benefits the network in different manners.
Everyone who builds a new block is rewarded. Verified transactions update the blockchain. Proof of stake is needed for staking cryptocurrencies that support it. Staking benefits you with tokens and voting rights.
Consider the rates at which you can earn rewards, how often they're paid out, how easy it is to withdraw your holdings, and the number of eligible cryptocurrencies when choosing a staking or rewards platform.
How does cryptocurrency staking work?
The cryptocurrency staking process locks up the crypto assets to support a blockchain network's security and operations and confirm transactions. Stakeholders get a share of the network's block rewards in exchange for staking their crypto coins. The rewards can be newly minted coins, transaction fees, or a combination. It works with proof-of-stake cryptocurrencies.
A lock-up period is required when you stake crypto through a blockchain node. Until the lock-up period ends, you can't withdraw your crypto assets.
Remember that crypto mining and staking are two ways to earn rewards on cryptocurrency investments. Miners verify and add transactions to the blockchain. In return for their work, miners get new coins. Staking is a way to support a blockchain network by holding funds in a wallet. Stakers are rewarded for their work with a share of transaction fees.
On-chain staking vs. off-chain staking
The process of crypto staking can be started on-chain or off-chain. On-chain staking involves staking your tokens directly on the blockchain. It is best for those with advanced cryptocurrency knowledge.
Beginners who want to keep things simple should use an off-chain staking provider. All of the best staking platforms we will review here below offer off-chain services, so no prior experience is needed.
A simple but necessary question: How do I stake crypto?
Before digging deeper into the concept, let us make clear how you can stake your cryptocurrency. The process of staking your crypto will vary depending on which platform you use. In general, though, you will need to:
1. Choose the cryptocurrency you want to stake.
2. Buy the cryptocurrency and deposit it into a wallet that supports staking. You might want to use the best anonymous wallets on the market.
3. Select a staking pool or platform.
4. Stake your cryptocurrency and wait for your staking rewards!
Keep reading because now you will explore all of the concepts and eventually discover the best staking platforms.
Benefits and Drawbacks of Crypto Staking
Benefits
Drawbacks
While crypto staking offers benefits, it's important to understand the risks before making any decisions. Staking crypto can be fun and profitable if you're careful and do your research.
5 Key Features of Best Crypto Staking Platforms That Make It Stand Out
Best crypto staking platforms should have the following features:
Ease of Use
Best Crypto Staking Platform is easy to use. The framework should be easy for new and experienced users. Tasks should be simple to execute with a few clicks.
Security
High security is another trait of the best crypto staking platforms. Platforms should use industry-leading security to keep user data, crypto assets, and funds safe.
Wide Selection of Cryptocurrencies
Best Crypto Staking Platform offers many cryptocurrencies for investment. Bitcoin, Ethereum, Litecoin, and others are included.
Flexible Investment Options
Best Crypto Staking Platform is easy to use. The framework should be easy for new and experienced users. Tasks should be simple to execute with a few clicks.
Excellent Customer Support
High security is another trait of the best crypto staking platforms. Platforms should use industry-leading security to keep user data, crypto assets, and funds safe.
The best crypto staking platform must offer low fees and all features, staking options, and benefits without sacrificing security or customer support. So users can choose the best one.
The 10 best crypto staking platforms
After reviewing staking fees, lock-in conditions, staking reward system, security checks, and usability, we assembled a list of the 10 best staking platforms.
1. Binance
Binance is our top staking platform, launched in 2017, and is the world's largest digital asset exchange. Binance Earn is its crypto-staking platform. It has many passive income options.
'Locked staking' stakes your coins for a set time, then returns them. Binance also offers DeFi staking for a limited number of currencies, but an outside organization does this.
Binance requires users to lock up their tokens for a minimum of 14 days to begin earning rewards, which are distributed daily. The staking rewards range from 3% to 15%, depending on the staked asset.
Types of staking
Flexible, Locked, and Defi
Payout
Monthly
Min & Max Staking Amounts
Varies depending on the coin
Additional Rewards
N/A
Security & Regulation
UK trading license application.
Multiple US states issue money transmitter licenses
Pros
Cons
2. Gemini
Gemini is an exchange and custodian for digital assets like bitcoin, ether, and zcash. The Gemini exchange is famous for crypto staking. The platform doesn't list lockup or staking fees. Crypto staking rewards cap at 8.05 percent APY. It can stake stablecoins and no hidden fees when staking crypto on Gemini.
Gemini offers rewards for over 40 cryptocurrencies. Gemini has liquidity limits; users can request their cryptocurrencies anytime but must wait five business days to receive them. Rewards are distributed daily.
Min & Max Staking Amounts
Varies depending on the coin
Additional Rewards
N/A
Security & Regulation
Certified ISO 27001.
3rd party security evaluations, including SOC2 Type 2 and annual penetration testing.
Pros
Cons
3. BitStamp
Bitstamp is a Luxembourg-based bitcoin exchange. It enables trading between fiat currency and bitcoin. Also, they provide a variety of services, including crypto staking.
Crypto staking on Bitstamp is simple. You need to purchase the cryptocurrency you want to stake and deposit it into your account. Bitstamp will then convert it into staking-compatible units and store it in a separate account.
Bitstamp charges a low fee for staking services. You can withdraw your cryptocurrency anytime, but you will forfeit any staking rewards that have not been paid out yet.
Min & Max Staking Amounts
Additional Rewards
N/A
Security & Regulation
Regulated by the CSSF in Luxembourg.
Maintains strict AML policies.
Follows a VASP in its operating country.
Pros
Cons
4. eToro
One of the most prominent online brokers is eToro. They provide diverse assets, including stocks, ETFs, cryptos, and others.
With their new crypto staking feature, you can now earn rewards simply for holding specific cryptocurrencies. eToro currently supports Ethereum 2, Cardano, and Tron staking, with NEO, Tezos, and EOS on the way.
Just keep it on the platform to stake the coin, as with Cardano and Tron. Your APY is determined by your membership level, with Diamond Club members receiving 90% of their yield.
Payout
Monthly
Min & Max Staking Amounts
USD equivalent with a monthly staking reward of at least $1
Additional Rewards
Relatively high club tiers retain more staking rewards.
Security & Regulation
SEC-governed.
Authorization by FINRA and FinCEN
Pros
Cons
5. Coinbase
Coinbase is a leading US Bitcoin exchange. The platform is a Nasdaq public company. The platform's beginner-friendly approach to crypto trading has been carried over to staking coins. Coinbase lets crypto investors profit from select digital assets with a few clicks.
To stake, move funds into the 'vault' on this platform. If you're crypto-staking a particular type of crypto coin, this may mean locking them up for a set period. The platform is intuitive and secure, but staking fees are high.
Payout
Depending on the asset, it can range from daily to weekly.
Min & Max Staking Amounts
Varies based on the asset; there is no minimum for ETH
Additional Rewards
N/A
Security & Regulation
The SEC regulates it.
NASDAQ-listed platform
Pros
Cons
6. MyCointainer
MyCointainer lets you store your coins in one wallet and earn additional income. It offers deposits, masternodes, airdrops, cashback, etc. MyCointainer has high ARYs and competitive reward fees, and you're only charged if you earn yields.
The platform offers automatic and shared masternode staking. Masternodes in a blockchain network have a more significant stake, do different things, and earn higher rewards.
It is governed by the Financial Intelligence Unit (FIU). It lets you stake your personal wallet. Using private keys is safer than regular staking. MyCointainer has detailed guides for this.
Transparency is added by clearly stating coin staking fees. Yes, you can compound rewards to increase profitability. Users get the best staking deal, limited Masternodes, and 100% staking rewards.
Min & Max Staking Amounts
Minimum: Depends on the asset
Maximum: Not stated
Payout Frequency
Daily
Additional Rewards
EarnBack offers airdrops, giveaways, and cashback.
Security & Regulation
MyCointainer, based in Estonia, only offers services in local jurisdictions by following local regulations. Legal licence no. FVT000255
Pros
Cons
7. Kraken
US-based Kraken is another crypto staking access point. Kraken offers a large number of digital assets for trading.
Its staking library is impressive. Users can make money from over 12 digital assets, including proof-of-work network Bitcoin. Kraken gives staking perks for fiat currency like the Euro and USD.
Kraken allows 'off-chain' staking. It means you're simulating 'on-chain' stake rewards. However, it's limited to certain customers, mostly based on location. Off-chain staking isn't limited to proof-of-stake crypto since you're not using the blockchain. Bitcoin and fiat currencies like the dollar or euro can be bet.
Kraken's staking rewards are available for over a dozen cryptocurrencies; some exceed 23% per year.
Types of staking
On-chain and Off-chain staking
Min & Max Staking Amounts
Varies by crypto
Payout
Twice a week
Security & Regulation
FinCEN regulates Kraken's safety.
Pros
Cons
8. Crypto.com
Crypto.com was launched in 2016 and now has millions of clients. It also offers crypto staking and is one of the best staking platform. Crypto.com primarily serves U.S. users through mobile apps, and staking and rewards programs vary by app.
The platform says returns can be as high as 12.5%, depending upon the lock up period of your crypto. Crypto.com has some staking and rewards offerings on its independent DeFi Wallet application.
Its main Crypto.com app pays out rewards on 50 cryptocurrencies. The platform also offers digital asset loans, crypto credit cards, debit cards, and NFT markets.
Types of staking
Defi, Flexible
Min & Max Staking Amounts
Minimum: Dependable on coin 0.005 BTC, 0.15 ETH; maximum: $500,000
Payout Frequency
Weekly
Additional Rewards
APR rises with staked CRO.
Security & Regulation
NIST Cybersecurity Tier 4 evaluation.
Kudelski Security has stress-tested it.
Pros
Cons
9. AQRU
AQRU is a great way to earn crypto interest. AQRU staking platform is easy to use. You can access your crypto staking account via the Aqru mobile app.
This top crypto lending platform accepts fiat and digital tokens. Both EUR and GBP are included. These include Bitcoin, Ethereum, and stablecoins like USDC and USDC Maple.
Returns depend on the crypto you stake. Supported stablecoins pay up to 7% annually. Bitcoin and Ethereum yield 1% annually with no lock-in.
Aqru's fiat currency withdrawals are free. Aqru's $20 withdrawal fee may make it unsuitable for small investments.
Types of staking
Flexible
Min & Max Staking Amounts
Minimum: €100 (£110.80), no maximum stated.
Security & Regulation Features
Governed by the Republic of Lithuania.
Lithuania's law for VASP
Pros
Cons
10. DeFi Swap
DeFi Swap is a cryptocurrency exchange and farming platform. It's designed to support staking of DeFi Coin (DEFC). DeFi Swap makes idle tokens earn interest. Connect your wallet to DeFi Swap and choose a token to stake. Competitive APYs and flexible staking lock-ups.
The platform allows you to stake for 30 days, 90 days, 180 days, or 365 days. You can earn 30% to 75% APY depending on how long you lock your coins.
DeFi Swap lets you buy DeFi Coin with stablecoins, boosting the returns on USDC and USDT. Bitcoin, Ethereum, BNB, and more can be exchanged.
Payout Frequency
Monthly
Min & Max Staking Amounts
No minimum or maximum
Security & Regulation Features
Highly centralized exchange
Additional Rewards
Buying and selling fees are returned to DEFC token holders.