Best Crypto staking platform in 2024

Crypto staking is one the best earning source for passive income. Here are some best crypto staking platform in 2024. Various exchanges provide features for staking. Some wallet also has in-built feature. Let’s discuss all in detail.

Kucoin:

Kucoin offers many coins for staking. The redemption period varies from one day to one year. The Reference APR also differs according to coin. Here are some list of coins that you can stake in Kucoin.

• Hydra: Hydra has flexible terms and provide reward of 25% Reference APR for one day redemption period. Hydra is considered as the best crypto staking coin in 2024.
• Luna: Luna gives 12% reward for 21 days redemption period.
• Ethereum: If you stake Ethereum for one week in kucoin you can earn a return of 2.57%
• TRX: TRX gives 3% return staking it for 3%.

Pros and Cons:

Pros

• Multiple choice of coins are available.
• Flexible in terms o redemption period.
• High return of profit.
• Easy user interface.

Cons

• Doesn’t have license to operate in US

Coinbase

Coinbase also have various coins for staking. To invest in coinbase you must need some technical knowledge about non-custodial staking. Here are some list of best crypto staking coins that coinbase offers.

• Ethereum
• Cardano
• Cosmos
• Aptos
• Polygon
• Solana

Pros

• Less option of coins
• Better security.
• Good review from existing customers.
• Allows to connect external wallet for staking.

Cons

• Not available in all states of US.
• High fees.

Binance

Binance is the world’s largest crypto exchange. It offers variety of coins to choose and gives a good APY. Here are some list of coins available in Binance for staking.

• Tether(USDT): Tether USDT provides a APY up to 4%.
• BNB(Binance Coin): BNB gives a APY up to 0.41%.
• Solana(SOL): Solana gives a APY up to 6.4%.
• Cardano(ADA): Cardano gives a APY up to 2.59%.
• Polkadot(DOT): Palkadot gives a high return of 15.1%.

Pros

• Man options for coins are available.
• Allow to stake Tether(USDT).
• Better security.

Cons

• Binance is banned in US.

Bybit

Bybit is one the best crypto staking platform. Bybit allows customers to stake crypto in the launchpool and earn a good return. Here is the list of few coin that you can invest in Bybit.

• Ethereum 2.0 (ETH): You need a minimum of 32 ETH to earn a APY of 2.5%.
• BitDAO(BIT): BitDAO provides a interest rate of 14.77% . Honestly, it is higher then the return rate of FD(Fixed Deposit)in bank.
• Tether(USDT): Tether gives an APY of 3.5% which is less then Kucoin return.
• USDC: USDC provides an interest rate of 8.88%.
• Luna: Luna gives an interest rate of 12.10%

Pros

• High liquidity
• Good security
• Network Participation

Cons

• Limited number of coins

Coindcx

Coindcx is a Indian company that and considered as on of the best crypto staking platform. It has many coins enlisted for staking. I have mentioned few coins below for your reference.

• Axie Infinity (AXS)
• Polkadot (DOT)
• Cosmos (ATOM)
• Algorand (ALGO)
• Tezos (XTZ)

Pros

• Not many coins are listed for staking.
• Easy user interface

Cons

• High fees.

Conclusion on best crypto staking platforms

There are many platforms which allows to stake crypto. Although, staking have high return and it is also a good source of passive income. Staking is a better option than trading because, staking has a stable income and less risky. As with any investment or financial assets there is always a risk factor and understanding the outcomes of uncertain declination of price is essential for successful participation in crypto staking.

So, before you invest always do a thorough research and jump into it if you can only bear the loss of price declination. Hope you got an overview about the crypto staking platforms