🆕 Best Exchanges To Stake Your Crypto

Earning rewards by staking crypto has become a go-to strategy for investors looking to grow their digital assets. To help you get the most out of your holdings, we’ve curated a list of the top cryptocurrency platforms where staking is both straightforward and rewarding. Whether you're staking stablecoins or altcoins, these exchanges offer competitive yields and a seamless experience.

‍

1. Binance (best overall staking platform)
2. ByBit (best staking platform for ETH 2.0)
3. Kraken (best for institutional and high-net-worth investors)
4. Coinbase (best place to stake in USA)
5. Crypto.com (best crypto staking app)
6. KuCoin (best platform for flexible staking)

‍

Why We Picked These Platforms To Stake Your Crypto

1. Binance

Binance stands out as the premier platform for crypto staking and earning services, offering an extensive array of staking options tailored to meet diverse investor needs. Users can choose from flexible, locked, and DeFi staking, each with its unique features and enticing benefits.

The ‘flexible staking option’ allows you to deposit and withdraw your cryptocurrencies at your convenience, making it ideal for those who prefer liquidity. 

In contrast, ‘locked staking’ typically yields higher returns for those willing to commit their assets for fixed terms, such as 15, 30, 60, or even 90 days. For those interested in decentralised finance, ‘DeFi staking’ enables direct interaction with various DeFi protocols right through your Binance account, unlocking an array of innovative financial opportunities.

The platform supports a remarkable variety of over 70 cryptocurrencies for staking, including widely recognized tokens such as Ethereum (ETH), Cardano (ADA), and Polkadot (DOT)*, in addition to Binance's very own native token, Binance Coin (BNB). 

One of the standout features of Binance's staking service is its Annual Percentage Yield (APY) rates, which can fluctuate between 1% and an outstanding 100% or more. For instance, stablecoins like USDC can offer an APY of over 3%. Moreover, Binance often rolls out promotional staking options that present even more lucrative yields for a limited duration.

Read our full review on Binance and guide on their $100 USDT referral code.

‍

2. Bybit

ByBit is a staking platform. Its Earn module lets you move your ETH 2.0 to a staking wallet where you can earn up to 7% APR while still using it as trading collateral. There are zero on-chain gas fees, and yields are paid daily. 

‍

Read our full review on Bybit exchange.

‍

3. Kraken

Kraken is a solid staking exchange for coins such as Ethereum 2.0, Solana, and Cardano. However, it's only available for institutional investors or high-net-worth individuals who hold over $500,000 or more in Proof-of-Stake crypto assets. 

The platform streamlines the staking process, requiring little effort to earn rewards. The only downsides to Kraken staking are the bi-weekly payouts and staking fees. 

Kraken's support for Proof-of-staking tokens through its soft-staking service appeals to retail investors who don't want to run a node. The sixth-largest crypto exchange in the world supports 25 assets, such as ETH2.0, DOT, ADA, SOL, KSM, ATOM, FLOW, KAVA, XTZ, and ALGO.

‍

‍

Read out complete Kraken guide.

‍

4. Coinbase

Coinbase is one of the world's most popular exchanges. Its platform offers one-click staking, which allows users to earn staking rewards on funds. Coinbase users can earn up to 35.45% APY on staking Cardano, Ethereum, Tezos, Cosmos, and Solana. 

Supported staking assets do not need to be purchased with Coinbase and can be transferred to the exchange from another wallet. Moreover, Coinbase has selected the most popular coins.

‍

‍

Other pros of staking on one of the biggest crypto exchanges include a low barrier for entry and a minimum staking amount of USD 1. Funds within a Coinbase wallet that are delegated for staking will automatically accrue rewards - this makes it useful for staking nodes who are worried about the risks associated with staking.

The con with Coinbase staking is the fees. The estimated returns depend on each staked token. Coinbase will distribute earned rewards minus a 25% commission for providing the service, which is one of the higher fees in the market for staking crypto (on our list).

Read our complete Coinbase review.

‍

5. Crypto.com

Crypto.com Earn is a popular mobile application that helps investors earn interest using crypto. You can earn staking rewards on 28 supported tokens in the exchange wallet, which is a good selection. You can also stake more than 100,000 CRO tokens to increase the reward payouts for other coins.

The benefit of staking crypto with Crypto.com Exchange is the flexibility to transfer funds between the App and Exchange without fees and earn rewards based on the daily balance. 

There is no lock-up or fixed period for staked tokens, which can be withdrawn or transferred at any time. The staking rewards are calculated and paid out daily. Each coin must be aware of the minimum amounts to qualify for staking interest.

‍

‍

Another advantage that Crypto.com Exchange offers is the ability to earn staking rewards on pending orders (e.g. limit orders) placed on the trading platform. There is a staking report to view all earned rewards on the exchange, which can be exported to CSV and imported into a crypto tax program for tax obligations. 

Moreover, Crypto.com App features one of the best crypto apps for monitoring the performance of digital assets and is second to none in the market.

Read our full Crypto.com review.

‍

6. KuCoin

KuCoin Earn is the soft-staking terminal on KuCoin that has a wide selection of PoS tokens that can be delegated to a staking pool or fixed-term arrangement. Multiple coins such as staking Tezos, Cosmos, Polkadot, and high-yield DeFi tokens make it a suitable platform for investors chasing high yields. 

However, the user interface is a little complicated, with many options that involve more than one click to stake a particular coin.

‍

‍

A major pro of using KuCoin for staking is the wide selection of other financial products, such as interest accounts, mining pools, and lending services. Funds delegated under a flexible term can be un-staked at any time for trading or other services. 

KuCoin regularly features limited-time promotions and offers to stake coins with higher APYs. The offers are the lesser-known tokens that can be bought and sold on the exchange directly or using the mobile app.

Read our full KuCoin review.

‍

What Is Crypto Staking?

In short, staking crypto involves delegating tokens in wallets for a specific period to participate in network governance. Staking is common with Proof-of-Stake (PoS) projects, which involves validating transactions on the particular network protocol, creating a new block, and distributing newly minted coins as staking rewards. 

In return, the participants are given a percentage-based staking reward based on the number of tokens locked in for their contribution. 

‍

What Does Soft-Staking Mean?

Soft-staking is a process that allows individuals to use a crypto exchange to stake assets without having to lock in their funds or run a staking node. Holding funds on an exchange wallet is delegated to a mining pool with other participants to earn a share of the staking rewards.

‍

***

‍

We aim to publish factual and accurate information as of the publication date. For specific information about a cryptocurrency exchange or trading platform please visit that provider's website. This information is general in nature and is for educational purposes only. We do not provide financial advice, nor does it take into account your personal financial situation. We encourage you to seek financial advice from an independent financial advisor where appropriate and make your own inquiries.

‍

-

‍

Launch your crypto business. Operate a brokerage platform and start earning with HollaEx®.