Crypto staking is on its way to becoming one of the most popular methods of passive income. With the expansion of the blockchain space, most platforms today have given users an opportunity to make money by staking their crypto assets. This post points out the top 5 staking platforms you might want to try for passive income, and how you may get started with the overall process of staking, which has a possible very lucrative reward.
- StakingBonus.com
- Binance
- Kraken
- Crypto.com
- Coinbase
What is Staking?
Staking is holding and locking up a set amount of one’s cryptocurrency tokens for the purposes of taking part in the validation of the transactions on a blockchain network. In return for their work of securing the network and further validating the transactions, stakers get additional tokens as a form of compensation. The whole idea of staking is so different from normal investments, like saving accounts or stocks, because it’s truly passive earning by just holding and “staking” your tokens. How much one gets through staking would vary on the duration of staking, network, and type of cryptocurrency being staked.
How to Choose best Staking Platform
There are several things one needs to look out for when choosing a platform for staking.
- Supported Cryptocurrencies: Most of them allow staking for a wide variety of cryptocurrencies, while others supported are just a few. Watch out for what suits you.
- Annual Percentage Yield (APY): The different platforms give different rewards on staking. Make sure you go for a platform that has competitive APYs.
- Fees and Costs: Some of the platforms charge for staking. It is worth checking out the fee structure of the platform.
- Lock-up period: Depending on the platform, you might be locking up your assets. Consider whether or not the staking terms will fit your goals.
- Security: The site should have a concrete reputation for security. This ensures that your assets will not get hacked.
1. StakingBonus.com
StakingBonus is the leading web platform in providing passive income through staking. The website has a comprehensive list of staking opportunities and informs users about how to maximize the returns from staking. The StakingBonus.com gives access to top-tier staking offers coming from different blockchain projects and makes it easier by providing all those options under one hood.
How to Sign Up on StakingBonus.com
Visit Website: Go to StakingBonus.com.
Create Account: click “Sign Up” and enter your email address and password.
Verification Email: In your inbox, find an email with the verification link in it, and click on it.
Staking Offers: Upon verification, log in to your account and browse through available staking offers.
Selecting Staking Options: Find yourself an appropriate staking option and follow the instructions to begin staking.
Key Features of StakingBonus.com
Full Stake Directory: Assortment of various staking offers and their comparisons.
Ease of Interface: The interface is pretty easy to use and navigate between different options to find the best staking opportunities available.
High APYs: StakingBonus gives users the chance to compare and find platforms with high annual yields.
Security Guarantee: With partnered sites of good repute in staking service provision, the platform has ensured the security of the assets that are staked.
Staking Plans Available on StakingBonus.com:
StakingBonus allows the chance of staking in several cryptocurrencies and networks, including:
Bitcoin (BTC): The most popular cryptocurrency in the world provides stable long-term returns. BTC Plan: $100 for 2 days and earn $2 daily.
Litecoin (LTC): Litecoin offers fast transaction time and low transaction fees, making this coin the best choice for those seeking efficiency. LTC Plan: $500 for 3 days and earn $6 daily.
ETH: Ethereum’s migration to Proof of Stake makes staking on ETH one of the best methods to contribute to the network and get your reward in the process. ETH Plan: $1200 for 7 days and earn $16 daily.
Bitcoin Cash: This is, like Bitcoin, highly scalable, which renders the process of staking with it very secure for earning passively. BCH Plan: $3000 for 14 days and earn $42 daily.
Dogecoin: Staking DOGE on StakingBonus will return some quite surprisingly good figures. DOGE Plan: $6000 for 15 days and earn $90 daily.
XRP: Attributing to a number of cross-border transactions at pace, the staking of XRP ensures absolute coherence in return. XRP Plan: $10,000 for 20 days and earn $160 daily.
TRON: A content-related blockchain, staking of TRX gives some of the highest returns on the platform. TRON Plan: $20, 000 for 30 days and earn $340 daily.
Tether: This is a stablecoin pegged against the U.S. dollar. Staking in USDT provides for non-risky return, hence ideal for investors who seek stability. USDT Plan: $50,000 for 45 days and earn $900 daily.
2. Binance
It operates among the largest cryptocurrency exchanges and is also one of the leading platforms for staking. Binance provides a wide range, from flexible to locked staking plans for its customers. Currently, it allows the staking of several cryptocurrencies like Ethereum, Cardano, and Polkadot. It is known for offering competitive APYs, and the simplicity of the process makes it a perfect fit for those just starting out.
3. Kraken
Kraken is another highly prestigious exchange providing staking services. It supports staking for a wide range of assets, from Ethereum 2.0 to Tezos and up to Polkadot. Kraken provides an intuitive UI and very responsive support, which makes it good enough both for crypto newbies and experienced stakers.
4. Crypto.com
Crypto.com offers a complete suite of staking options with over 20 cryptocurrencies, including Ethereum, Polkadot, and Cardano. It is ideal for those users wanting to diversify their staking portfolio. Besides, Crypto.com has a native Crypto.com Coin (CRO) whose holders can receive additional staking rewards.
5. Coinbase
Coinbase is among the biggest and most user-friendly crypto exchanges. Ethereum, Tezos, and other major assets are available through it for staking. Being so easy to use, Coinbase’s interface is ideal for those getting started. Rewards go naturally into the accounts of users; thus, using the service is easy and smooth.
Conclusion
Staking provides an excellent avenue for passive income within the crypto space, and choosing the right platform is critical to success. In my opinion, StakingBonus.com is the topmost platform with comprehensive staking options and tremendous ease of use. Its alternatives are Binance, Kraken, Crypto.com, and Coinbase, also really recommendable depending on one’s needs for staking.
You can get long-term benefits from staking your crypto, but you need to choose the right platform if you want to maximize return with the least risk.
Disclaimer: Information provided on AlexaBlockchain is for informational purposes only and not financial advice. Crypto investments, including ICOs, IDOs, presales, and other token offerings, are highly risky. You are responsible for conducting your own research (DYOR) before making any financial commitments. Take professional advice before making any investment. Read complete disclaimer here.