12 Best Places for Crypto Staking Compared (2024)
by Team Cryptoradar
Updated: Feb 16, 2024
- Kraken Pro: The Leading Exchange for Trading and Staking Crypto
- eToro: The Global Social Investment Brokerage Platform
- Bitpanda: The Leading European Neobroker
- CEX.IO: Makes it Easy to Work and Earn with Crypto
- Binance: The Most Popular Crypto Exchange for Staking
- Coinbase: A Simple Way to Stake Your Crypto
- Bitvavo: The No-Frills Place to Stake Your Crypto
- MyCointainer: The All-In-One Crypto Earning Tool
- Figment: The Complete Staking Solution
- Staked.Us: Compound Your Crypto with this Platform
- Lido: DeFi Liquidity Provider for Staked Assets
- Revolut: The European Neobank Betting on Crypto
With the right setup and some good research, crypto stakers can enjoy reliable rewards and maximize their holdings in the long run. In this article, we’ll explore the best crypto staking places for 2023, so you can make an informed decision about where to store and stake your crypto.
Crypto staking is an increasingly popular way of earning passive income with cryptocurrencies. Staking involves holding coins or tokens in a digital wallet and receiving rewards as the rest of the network grows. Through staking, crypto holders can add liquidity to the network and receive rewards in return.
What is Crypto Staking?
Crypto staking is a process of validating transactions on a cryptocurrency network with the use of a digital wallet. When a staker holds their coins or tokens in the wallet and participates in network validation, they receive rewards in return. The amount of rewards depends on the amount of coins or tokens held, as well as the duration they are held. Staking can provide a steady stream of income as long as the network remains active.
The process of staking is relatively simple and can be done with just a few clicks. All that is required is to deposit coins or tokens into the wallet and then select the amount of coins or tokens to stake. Once the staking process is complete, the rewards will be automatically deposited into the wallet. Staking is a great way to earn passive income with minimal effort.
Crypto Staking Benefits
Crypto staking is beneficial for both investors and projects alike. By lending their coins or tokens to the network, investors have the chance to receive rewards for minimal effort. As for projects, it allows them to attract investors easily, increase network security and create new sources of capital that can be used to fund different activities. Consequently, projects are incentivized to introduce staking models and create motivation for investors. The benefits of crypto staking can include
- Potential for passive income
- Higher security for the network
- Enhanced liquidity from investors
- Attracting more investments
- Reduced pressure on miners
How to Choose the Right Place for Staking Crypto
Choosing the right place for staking crypto is key. When choosing a crypto staking place, it is important to consider the following factors: Security, Fees, Ease of Use and Transparency. Security should be your primary concern when deciding on a crypto staking site as it will keep your coins or tokens safe from malicious actors. Fees and rewards should also be taken into account when comparing different sites. Ease of use is important for novices who are looking for an easy way to stake their crypto but also seasoned crypto holders who are looking for a fast and easy way to stake their crypto. Finally, transparency is a key indicator of reliability.
Top 10+ Places for Staking Crypto in 2024
Now that you know what to look out for when choosing a crypto staking provider, let’s take a look at some of the best ones available in 2023:
|BTC, ETH2, ADA, DOT, SOL, ATOM, XTZ, more
|ETH, ADA, TRX
|10 coins incl. ADA, TRX, SOL, DOT, ATOM, NEAR, GRT
|AVAX, ADA, ATOM, DOT, SOL, XTZ, more
|5 DeFi, 77 Locked Staking Offerings
|9 coins incl. ADA, BNB, MATIC, RDD
|ETH, ADA, ATOM, XTZ, ALGO, DAI, more
|7,90€/month + 1%-2%
|81 coins incl. ETH2, ADA, DOT, SOL
|4 coins incl. ETH, DOT, ADA, XTZ
|up to 12%
|34 coins incl. ETH2, ADA, DOT, SOL
|32 coins incl. ETH2, ADA, DOT, SOL
|ETH2 and SOL
Let’s run through these crypto staking providers in a little more detail:
Kraken Pro: The Leading Exchange for Trading and Staking Crypto
Kraken Pro is one of the oldest crypto exchanges providing its services since 2011. Here you can trade cryptocurrencies as well as stake them easily through their exchange. Kraken has some of the lowest market fees compared to other exchanges and supports many different coins and tokens. Kraken also provides assistance setting up the staking environment. Beware: Kraken ended its Staking Program for US customers in a recent SEC Deal.
eToro: The Global Social Investment Brokerage Platform
eToro offers staking for Ethereum 2, Cardano and Tron, with plans in the pipeline for other PoS currencies like NEO, Tezos and EOS. It’s simple to use — as is the case with Cardano and Tron, you only need to keep the coin on the platform in order to stake it. You’ll get a superior APY depending on your level of membership, with those in the ‘Diamond’ Club keeping 90% of their yield. Cardano (ADA) and Tron (TRX) are limited for US users.
Disclaimer: This article promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.
Bitpanda: The Leading European Neobroker
Bitpanda is the leading European neobroker based in Austria and enabling investment access into a variety of digital asset classes. Bitpanda currently supports 10+ stakeable crypto assets and is is rapidly expanding its platform across countries and asset classes. Accessibility is supported through services like cross-platform compatibility (iOS, Android, desktop).
CEX.IO: Makes it Easy to Work and Earn with Crypto
CEX.IO is an entire ecosystem of products and services that enable customers to work and earn with crypto. Through their platform, over 4,000,000 clients can interact with the decentralized economy in a variety of ways.
Binance: The Most Popular Crypto Exchange for Staking
Binance provides two different ways: There’s ‘locked staking’, which will simply stake your coins for a fixed period, after which you’ll get it back. Then there’s a DeFi staking option for a limited number of currencies provided by a third-party provider, not by Binance themselves.
Coinbase: A Simple Way to Stake Your Crypto
Coinbase is one of the most popular crypto exchanges and also provides staking services for users. Their platform is highly user-friendly and supports a wide range of coins and tokens. Coinbase offers low fees and reliable security measures, so you can trust it with your funds. Coinbase also regularly reviews its staking program to ensure that users get maximum rewards.
Bitvavo: The No-Frills Place to Stake Your Crypto
Bitvavo positions itself as a European crypto exchange based in the Netherlands with security through asset self-custody, simplicity and strong emphasis on human support whenever needed. It offers competitive APY rates of up to 15% on eligible coins such as Cardano, BNB, Reddcoin, Polygon, Looksrare, Axie-Infinity, Cosmos, Solana, Polkadot.
MyCointainer: The All-In-One Crypto Earning Tool
MyCointainer from Estonia is an all-in-one cryptocurrency solution for earning passive income online. It includes staking, exchange, and cashback features, as well as the ability to track multiple stakes in multiple coins at once. Since it includes an exchange, so you can flip and stake your fiat currency all in one place.
Figment: The Complete Staking Solution
Canadian-based Figment Networks offers a much smaller selection of protocols, but is supported by a few major venture businesses that specialize in blockchain technology. This platform merits future attention because it is supported by a seasoned and well-established crew.
Staked.Us: Compound Your Crypto with this Platform
Staked.us operates the most secure, performant, and cost-effective block production nodes for decentralized PoS protocols. Their multi-tier signing and listening node architecture provides stakeholders with the optimal balance of security, scalability, and decentralization.
Lido: DeFi Liquidity Provider for Staked Assets
If you’re interested in DeFi then you might stake directly through the Lido platform, which works by exchanging your cryptocurrency for a staked equivalent coin. Lido lets you stake tokens from many networks and the Lido DAO is a Decentralized Autonomous Organization that decides on the key parameters of liquid staking protocols through the voting power of governance token (LDO) tokens.
Revolut: The European Neobank Betting on Crypto
Challenger bank Revolut recently announced the launch of its crypto staking service for a variety of proof-of-stake (PoS) tokens: Ethereum (ETH), Cardano (ADA), Polkadot (DOT), and Tezos (XTZ). The new service will only be available in the UK and in select EEA markets initially. Revolut is one of Europe's most valuable fintech firms, with over 25 million users worldwide, and its latest funding round in July 2021 was valued at $33 billion. In December 2017, the London-based company launched its first crypto offering, allowing users to buy, sell, and trade 25 of the most popular cryptocurrencies.
In a Nutshell
Crypto staking is one of the best ways of earning passive income with cryptocurrencies. There are several places available offering reliable services with competitive fees. To make sure you’re getting the most out of your investment we suggest doing some research before committing your funds to any particular platform.
We’ve outlined some of our top cryptocurrency staking sites of 2023 based on factors such as security, fees, ease of use and transparency. Our list includes Binance, eToro, Revolut, Bitpanda, Kraken, Bitvavo, CEX.IO, Coinbase, MyCointainer, Figment, Staked.us, Lido.
We hope that this guide has been helpful in selecting the right crypto staking place for you.