If you are looking forward to investing in cryptocurrencies, you’ll come across many terms like blockchain, bitcoin, staking. Staking is an effective way to verify your cryptocurrency transactions. Also, it is a great way to earn an extra income by holding your crypto coins in your wallet for a specific period. Have you heard our friends and relatives holding their cryptocurrencies in the crypto wallet? Have you ever thought about why they do so?
Well! There are many people who don’t want to trade or mining cryptocurrencies, instead, they prefer an easy way to earnings. The blockchain platform rewards the stakers with additional tokens if they keep their coins locked up for a while. Also, there are many cryptocurrencies in the market that provide high interest rates for staking.
In this blog, we have listed some of the best crypto staking platforms. These platforms can help you make earn more income on your crypto holdings.
Top Crypto Staking Platforms
1. eToro
When it comes to choosing one of the best cryptocurrencies staking platforms, eToro stands on top 1st position. Currently, over 20 million users are practicing this platform to invest in cryptocurrencies and generate passive income. Avail world-class services with eToro and earn high interest for staking. There is no stress on security, supports multiple asset classes, and helps generate passive income by holdings in a hassle-free manner. The platform has also been awarded as the Top-performer in the social trading niche. If you want to improve your earnings, then eToro is the right platform for cryptocurrency staking.
2. Binance
Started in 2017, Binance has become the world’s largest crypto exchange at the current time. Also, has been marked as a leading for crypto staking. One can easily buy and sell cryptocurrencies on this platform in minutes. The trusted platform offers a guaranteed flexible savings plan and a locked savings plan for users with high risk and returns. Further, Binance supports multiple cryptocurrencies and altcoins and also provides an option for users to join DeFi staking by means of this platform. A user can stake a minimum of 100 different digital assets through Binance.
3. Coinbase
Coinbase is one secure, and leading US crypto exchange founded in 2012 by Brian Armstrong. It is a user-friendly platform that helps buy, sell and hold cryptocurrency in the wallet to earn extra as a reward. To do staking on your own can be a bit difficult, but with Coinbase the process is smooth, and you can earn up to 5 APR on your crypto coins. Make sure that have a verified identity with a valid TIN and reside in a country where there is no restriction to staking. Coinbase offers custodial services and is an intuitive platform. The only drawback is it charges expensive staking fees and few assets for staking.
4. Kucoin
Introduced in 2017, Kucoin has become the sixth biggest crypto exchange. It runs two staking programs, including Soft Staking and Pool X. In Soft Staking, a user can daily earn rewards and bonuses on crypto assets. These crypto-assets include EOS, TRX, ATOM, KSM, IOST, and more.
However, the other staking program Pool-X, includes cryptocurrencies EOS, ATOM, TRX, and TOMO. Furthermore, under this program, the users earn through staking and proof of liquidity (POL). Also, gain interest starting from 5% to 20%.Also, for for staking costs, Kucoin charges a minimum of 5% and a maximum of 8%.
Many cryptocurrencies, including Tezos, Cosmos, Neo can be used for staking. Find some of the best cryptocurrency For Staking, and invest your time and money using these platforms and earn high interest rates. I hope this article helps you to select best cryptocurrency platforms for Staking in 2021.
