Top 15 Best Crypto Coins to Stake in June 2024
Crypto staking allows investors to lock-up their holdings and earn free crypto via passive income and governance rights. Complementing a buy-and-hold investment strategy, staking crypto is an effective way to guard against a bear market cycle without having to cash out and realize losses.
This guide reviews the best crypto staking coins to invest in for 2024 and where to buy them.
The Best Crypto Staking Coins
- The Pepe meme gets its own Ethereum Layer-2 chain
- Stake $PEPU to earn double the staking rewards through Layer-2 technology
- Pepe Unchained aims to replicate the success of Pepe but with its own ecosystem
ETH
bnb
usdt- +1 more
- Infinitely upgradeable AI meme coin, with modular technological capabilities.
- Huge staking rewards available everyday during presale.
- Presale price rises every two days - buy now to benefit from best price before listing.
- ETH
- usdt
- Play-to-earn meme coin, transforming the iconic Doge meme into a Tamagotchi-style virtual pet.
- P2E meme utility tokens looking bullish for summer - get in on this 40-stage presale early for biggest returns.
- Token on the Binance Smart Chain, with a possible Binance CEX launch post presale
- bnb
- usdt
Bank Card
- New base meme coin that offers multi-chain purchases, staking rewards and share to earn functionality.
- Combines the popularity of base with the appeal of dog meme coins that are dominating the crypto market.
- Points from sharing Base Dawgz content can be redeemed for $DAWGZ tokens once the presale is complete.
- usdt
- ETH
Solana
- First of its kind daily rewards based on the performance of Mega Dice Casino
- $DICE holders can enjoy 25% rev-share through the Mega Dice Referral Program
- $2,250,000+ USD airdrop for casino players
- Solana
- ETH
- bnb
- Learn-to-Earn platform that rewards users for learning about crypto
- Stake $99BTC tokens in secure smart contract to earn passive rewards
- Get the edge in fast-moving markets with expert crypto trading signals
- ETH
- usdt
- Bank Card
- +1 more
- Sustainable new transportation revolution project with green $TUK tokens powering its AI-driven project.
- Buy and stake $TUK tokens to earn passive 83% annual rewards. Presale has raised $3.3M so far.
- Features a play-to-earn game allowing users to gather rewards while driving virtual eTukTuks around cities.
- bnb
- usdt
- Bank Card
- Looking to disrupt the DOGE-dominated meme space, $KAI is a AI-based meme coin with 10x potential
- As a PoS ERC20 token investors can buy and stake $KAI for massive rewards
- Fully audited by Coinsult, the presale has raised over $170k already
- bnb
- ETH
- usdt
- +1 more
- New meme coin offering an immersive experience via high-stakes battles
- Participants can buy and stake $SHIBASHOOT tokens for rewards in excess of 25,000% p/a
- Token holders can cast votes on key project decisions and try their luck in the 'Lucky Lasso Lotteries'
- ETH
- usdt
- bnb
- New token that aims to revolutionise how digital currencies are used in everyday commerce.
- $SPY tokens to list on major centralised exchanges, including the MEXC Global exchange.
- Loyalty incentives, airdrops, and participation rewards for community members.
- bnb
- usdt
- Bank Card
- +5 more
- Meme coin celebrating iconic boxing legends such as Muhammad Ali
- First smart meme with powerful features in collaboration with a celebrity, including Web3 retro boxing game, webtoon, and AI platform.
- Plans to be listed on a major CEX exchange, expected to have an ROI of between 10x and 20x
- usdt
- ETH
- bnb
Best Crypto to Stake For High Rewards
Our top staking coin rankings include new crypto projects set to roll out staking products and established big caps with a large community of holders.
- PlayDoge – P2E Doge meme coin can be staked to earn an APY of 537%.
- WienerAI – Dog-themed meme coin promising passive staking rewards.
- Dogeverse – Multi-chain meme staking token. Get 384% annual yields.
- Mega Dice Token – CasinoFi crypto offers daily bonuses to staked token holders.
- 99Bitcoins – Learn-to-earn cryptocurrency offers over 20,000% staking yields.
- Sponge V2 – Successor to $SPONGE that offers a Stake-to-Bridge mechanism with high APYs.
- Smog – New meme cryptocurrency offers APYs of 42% and huge airdrop rewards.
- eTukTuk – Eco-friendly staking coin that aims for financial inclusion and environmental improvement.
- Ethereum – Popular after PoS transition. It offers staking rewards and aims for scalability and lower fees.
- Cardano – High transaction speed, offers staking rewards through nodes and stake pool operators.
- Solana – Known for scalability, low costs, and high TPS, offers staking rewards.
- Polygon – Ethereum’s layer-2 scaling solution. It offers high APYs and an eco-friendly network.
- Avalanche – Ethereum rival, offers staking rewards for validators and delegators, high TPS.
- Binance Coin – Offers trading fee discounts and staking options with various lock-up periods.
- Polkadot – Enables cross-chain transfers, offers staking rewards for network operations and security.
Analyzing the Top Cryptos for Staking
To get a better idea of the best staking tokens, the sections below provide an in-depth review of some of the best crypto for staking in this niche.
1. PlayDoge – Play-to-Earn Meme Coin Offers 537% Staking Returns
PlayDoge ($PLAY) is the #1 meme coin to stake for high returns in 2024. $PLAY, the native token, is the in-game currency of this play-to-earn (P2E) gaming ecosystem. However, it can also be leveraged as an earning mechanism through PlayDoge’s staking platform.
At press time, token holders can stake $PLAY on the smart contract to generate an annual yield of up to 537%. Early investors can benefit from the high yield, as the pot will be divided between more investors as more tokens are staked.
So far, over 34 million $PLAY tokens have been staked on PlayDoge. From a total supply of 9.4 billion tokens, PlayDoge will distribute 6% of the supply as staking rewards over the next three years.
To stake $PLAY, purchase the token through the ongoing presale – which will consist of 40 rounds. PlayDoge is distributing 50% of the token supply through the presale and has raised $560K in only three days.
$PLAY will also be offered as an in-game reward through PlayDoge’s P2E Doge-based companion game. The game will allow players to manage their virtual Doge pets and fight in mini-games to win $PLAY.
Join the PlayDoge Telegram channel and follow PlayDoge on X (Formerly Twitter) to learn more about this cryptocurrency.
| Presale Started | May 2024 |
| Purchase Methods | BNB, ETH, USDT, Card |
| Chain | Binance |
| Min Investment | None |
| Max Investment | None |
2. WienerAI – AI Driven Dog-Themed Meme Coin Promising Passive Staking Rewards
One of the hottest meme tokens to stake right now is WienerAI ($WAI). This dog-themed meme coin is making a big splash in the meme market and offers investors impressive staking rewards.
The creators behind the WienerAI presale are aiming to generate massive levels of hype to send the token viral following in the footsteps of meme favourites such as $Doge and $Pepe. $WAI token holders can also generate passive income by staking their tokens for very generous rewards.
To buy the token all you have to do is head over to the official WienerAI website and connect your wallet. You can use BNB, ETH, MATIC or USDT. Choose how many $WAI tokens you want to buy and click ok. Make sure you have enough crypto in your wallet to cover the gas fees. A massive 40% of the total token supply (69 billion) have been reserved for the presale, so there has never been a better time to invest.
All the latest news and product updates can be found by following the team on X and joining the exclusive Telegram channel. For more information, be sure to download and read the whitepaper.
| Presale Started | April 2024 |
| Purchase Methods | ETH, BNB, MATIC, USDT, Card |
| Chain | Ethereum |
| Min Investment | None |
| Max Investment | None |
3. Dogeverse – Multi-Chain Meme Coin Offers 384% Staking Yields
The next coin to stake in 2024 is Dogeverse. This is the first multi-chain compatible Doge token. In only a few days since the presale launched, Dogeverse has raised more than $2.6 million.
With Doge Day coming on April 20th, many investors are looking for the best Doge token. Dogeverse stands out due to its innovative utility and high staking yields.
At press time, one can earn more than 384% APYs (Annual Percentage Yields) by staking the token. More than 4.1 billion tokens have been locked in the smart contract.
From a total supply of 200 billion tokens, 20 billion will be offered as staking rewards across two years. This popular cryptocurrency is also compatible with six blockchains. Initially, this cryptocurrency will be built on the Ethereum blockchain to offer high security and wider adoption.
Using Wormhole and Portal Bridge technology, Dogeverse will soon be compatible with Binance, Polygon, Avalanche, Base, and the Binance blockchain.
Due to its multiple use cases, Dogeverse is in high demand during its presale, which has a set hard cap of $17 million. For more information, read the Dogeverse whitepaper and join the Telegram channel.
| Presale Started | April 2024 |
| Purchase Methods | ETH, USDT, Card |
| Chain | Ethereum, Binance, Polygon, Solana, Avalanche, Base |
| Min Investment | None |
| Max Investment | None |
4. Mega Dice Token – CasinoFi Crypto Offering Daily Bonuses and High Staking Yields
The next top staking coin is the Mega Dice Token ($DICE), which powers the Mega Dice Casino. With $DICE, staked token holders can generate high annual yields, and get access to daily rewards on the casino and sportsbook.
The Mega Dice Token is built on the Solana blockchain, and will be used across all the casino and gaming environments. Token holders can stake $DICE across three staking pools – ranging from ten days, three months, and six months, in length.
Therefore, the staking mechanism offers flexible APYs (Annual Percentage Yields), depending on your individual preference. Staked token holders also receive daily bonuses at the casino, varying according to their past performances.
You also get priority access to new casino games and promotional events, by staking the token on the smart contract. From a total supply of 420 million tokens, 10% will be distributed as staking rewards. To limit the supply, Mega Dice Token will also conduct token burning events in the future.
This CasinoFi cryptocurrency has recently launched on presale, which is allocating 35% of the total supply. At press time, $DICE is priced at $0.069 per token. In only one day, the presale has raised more than $320K.
For more information, go through the Mega Dice Token whitepaper and join the Telegram channel.
| Presale Started | April 2024 |
| Purchase Methods | SOL, ETH, BNB |
| Chain | Solana |
| Min Investment | None |
| Max Investment | None |
5. 99Bitcoins – Learn2Earn Crypto Offers 20,000% Staking APYs
The next top crypto-staking coin in 2024 is 99Bitcoins ($99BTC). Originally launched in 2010 as a crypto educational platform, 99Bitcoins has now launched $99BTC, a learn-to-earn crypto token.
Token holders can enhance their knowledge about the crypto and blockchain space and earn $99BTC as rewards by taking part in quizzes and assessments. Notably, $99BTC can be staked on 99Bitcoins’s secure smart contract to generate high annual yields.
At the time of writing, one can earn more than 20,000% in annual yields by staking the 99Bitcoins Token. More than 52 million tokens have already been staked on 99Bitcoins. From a total supply of 99 billion, 14% will be offered as staking rewards.
Token holders also get exclusive access to VIP groups and expert trading signals. Originally built on the Ethereum blockchain, 99Bitcoins will migrate to Bitcoin, adopting the BRC-20 token standard.
Currently, the token is priced at $0.001 during its presale round. 15% of the token supply is being distributed through the presale. In only a few days, 99Bitcoins has raised $160K. For more information, read the 99Bitcoins whitepaper and join the Telegram channel.
| Purchase Methods | ETH, USDT, BNB, Card |
| Chain | Ethereum (Will bridge to Bitcoin) |
| Min Investment | None |
| Max Investment | None |
6. Sponge V2 – Staking Meme Token Bridging to a V2 Version, Get High Staking APYs
Sponge V2 is the new version of $SPONGE – which is one of the most popular meme coins in 2023. After launching earlier in May, this cryptocurrency soared to a market cap of nearly $100 million.
Those who missed out on the success of the V1 token can get early access to $SPONGEV2 through a stake-to-bridge mechanism. V1 token holders can withdraw their staked tokens from the V1 smart contract, and stake $SPONGE on the new V2 smart contract. Sponge V2 will reward you with an equal amount of V2 tokens, for each V1 token you stake.
After the V2 token launches on crypto exchanges, the V1 tokens will no longer be supported. Your staked tokens will allow you to generate high APYs (Annual Percentage Yields) for the next 4 years. Notably, more than 400 million $SPONGE tokens have been staked on the V2 contract.
At the time of writing, the smart contract is rewarding investors with up to 4,000% in APYs. The number will decrease as more tokens are staked. This staking token may surge in popularity, similar to the V1 token, post the exchange listing.
According to the Sponge V2 whitepaper, the platform is looking to get $SPONGEV2 listed on tier-one cryptocurrency exchanges to help push the trading volume. One of the upcoming features on Sponge V2 is a play-to-earn racing game. Through this ecosystem, players can compete against each other and earn $SPONGEV2 tokens. By the third and final roadmap stage, Sponge V2 will look to launch the P2E game.
From a total supply of 150 billion – more than 43% will be distributed as staking rewards. For more information on Sponge V2 – join the Discord and Telegram channel.
| Presale Started | 17 Dec 2023 |
| Purchase Methods | ETH, USDT, Card |
| Chain | Ethereum |
| Min Investment | None |
| Max Investment | None |
7. Smog – Meme Coin Offers Airdrop Rewards and Staking APYs of 42%
Smog ($SMOG) has quickly caught investor attention as a viral meme coin on the Solana blockchain since its recent launch on the Jupiter DEX.
Investors can earn rewards by holding tokens and completing quests, supported by a 42% APY staking yield with a 90-day lock-in period.
Starting at $0.001419, its price surged by over 3000% to $0.047, boosting its market cap from $2 million to over $64 million. This growth positions Smog as a potential rival to coins like Bonk, Myro, and Dogwifhat.
The “Greatest SOL Airdrop” campaign is central to Smog’s strategy, allocating 490 million of its 1.4 billion supply for community engagement and rewards.
Also, Smog’s fair launch approach with no presale has boosted its credibility. The platform dedicates 50% of its supply to marketing, aiming for broad adoption and community expansion. Additionally, 10% of the supply is reserved for future centralized exchange listings and 5% for decentralized exchange liquidity.
Smog offers an appealing opportunity for investors in a new crypto project with a high staking yield and growth potential. Investors can read the Smog whitepaper and join the community through its Telegram channel and X (formerly Twitter) for the latest updates.
8. eTukTuk – Best Eco-Friendly Staking Coin
eTukTuk (TUK) is a campaign launched from Sri Lanka, that aims to provide financial inclusion by replacing TukTuks with electric vehicles, which will be enhanced with AI for route optimization and task automation. It is a socio-economic revolution to remedy financial barriers while also helping the environment, an issue that is plaguing certain developing countries at present.
eTukTuk is offering high APY rewards of 33,487%, with rewards of 4.75 per BSC Block. A total of 144,981 TUK have been staked thus far. However, there are multiple benefits aside from direct staking on this BSC implementation.
The Electric Vehicles put forward by eTukTuk are far cheaper in comparison to traditional TukTuks, meaning it will be more affordable for drivers to make a purchase. There will be no fuel costs, as the vehicles can be charged at designated charging stations, maintained by territory partners.
The TUK token will have additional benefits, as it will be the native token within the application used by drivers to oversee their operations. This can include discounts and bonuses for its usage.
These are Zero Emission Vehicles (ZEVs) that are much more eco-friendly, in comparison to both cars and TukTuks. Sri Lanka and surrounding countries do not have a healthy carbon footprint. But if this solution is implemented on a wide scale, it would place it above developed countries in multiple regards.
The whitepaper also highlights the fact that many people in impoverished regions suffer from the ill effects of air pollution, and this initiative can help with people’s well-being in multiple ways. It is further intended to be part of a much broader sharing economy, to improve the quality of life for drivers.
It also includes the idea of “banking the unbanked”, something many crypto-based platforms have sought to do. In other words, eTukTuk is a gigantic project with multiple ongoing initiatives, the main ones being an upgrade to the transport industry and a reduction in carbon emissions.
It could do very well to improve socio-economic conditions for drivers if it takes off. More information can be found on the Telegram and Twitter accounts.
| Presale Started | August 2023 |
| Purchase Methods | ETH, USDT, BNB |
| Chain | Binance Smart Chain |
| Min Investment | $5 |
| Max Investment | None |
9. Ethereum – Most Popular Staking Crypto
One of the largest and most popular cryptocurrencies, Ethereum (ETH) has the potential to become one of the best cryptocurrencies for staking in 2024. With the upgrade, Ethereum is expected to solve major network concerns related to high gas fees, scalability, and transaction speed, as well as cutting energy usage by 99.9%.
Alternatively, if you’re looking to earn a yield on your ETH holding then the best yield farming crypto platforms such as OKX can offer APYs over 5% on certain crypto crosses. Similarly, for those looking for the best crypto interest accounts, Crypto.com offers an interest rate of up to 6% for ETH.
With the new upgrade, investors will be able to stake Ethereum to help secure the network and earn rewards in the process. However, there is a minimum staking requirement of 32 ETH. Seen as the best altcoin by many investors, Ethereum is the second largest cryptocurrency behind Bitcoin with a market cap of $148 billion. ETH is currently trading near $3,945 compared to its all-time high of $4,900.
10. Cardano – Best Staking Token for High Transaction Speed
Created by one of the founders of Ethereum, Cardano is considered one of the best proof-of-stake blockchains in 2024. ADA, the native cryptocurrency, can be staked on the Cardano network to earn yearly interest in return for validating blocks on the blockchain.
On Cardano, new blocks are verified through nodes selection. When an individual joins a node, ADA is locked away in that node. After blocks are produced, the nodes earn rewards distributed among the individuals, also referred to as pool contributors.
Investors can also choose to stake their assets to stake pool operators – individuals who have specialized knowledge to perform the necessary tasks of maintaining the network. One of the best proof of stake coins, Cardano (ADA), can be staked on some of the popular crypto exchanges such as Binance, Crypto.com, and Kraken exchange.
With an average of 75,000 transactions per second (TPS), Cardano is one of the fastest networks in the blockchain space. After launching at $0.076 in 2017, ADA reached an ATH of $3.10 in 2021.
11. Solana – Best Staking Token for Scalability
Solana is a decentralized blockchain built to support scalable and user-friendly apps worldwide. The network attracts various dApps (decentralized applications) and developers due to its high speed and low costs – supporting more than 50,000 TPS with an average transaction cost below $0.1.
A proof-of-stake coin, SOL can be easily delegated to network validators to earn a potentially high annual percentage yield (APY). SOL has an APY of $5.32%, making it one of the best staking cryptocurrencies for investors seeking to generate passive income.
In 2021, SOL grew from a price of $1.5 in January to an ATH of $260 in May – a 17,233% price increase. After a brutal year where its value sank to $25, SOL is making an impressive recovery, trading at about $146 at time of writing.
12. Polygon – Super-Fast Layer-2 Staking Crypto
An open-sourced and permissionless blockchain, Polygon (MATIC) is built on the Ethereum network to offer high-scaling solutions. The native cryptocurrency, MATIC, is used to settle transactions, staked to secure the platform, and has rewarded investors with massive growth in the last few years.
With a total supply of 10 billion tokens, 12% of MATIC is allocated to fund staking rewards on the Polygon network. A PoS consensus, Polygon utilizes a sustainable and environmentally friendly network that does not require large amounts of computational power.
Anyone can become a network validator by staking MATIC, with the proportion of rewards depending on an individual’s stake. With over 100 global validators maintaining the network, a total of $2.36 billion is staked on the Polygon network. With nearly half a billion worth of rewards distributed from the staking pool, Polygon is one of the top staking coins in 2024.
13. Avalanche – Best Staking Coin for Network Validators
Avalanche (AVAX) is an Ethereum Virtual Machine (EVM) compatible open-sourced platform that functions as a platform for various decentralized applications. One of Ethereum’s top rivals, Avalanche, is also smart contract compatible and offers higher throughput levels.
Avalanche is capable of handling 6,500 TPS, compared to Ethereum’s 17. AVAX, the native cryptocurrency, can be staked to earn potentially high annual yields. Currently, delegators can earn an average of 8.67% in yearly rewards by staking AVAX, while validators can earn up to 8.97%.
Delegators are individuals who choose to stake AVAX but give the responsibility of utilizing the staked tokens for network security to the validators.
14. Binance Coin (BNB) – Best Staking Crypto for Binance Users
Binance Coin (BNB) is the native cryptocurrency of Binance – the world’s largest cryptocurrency exchange in terms of trading volume. With Binance, investors can trade over 600 cryptocurrency assets.
On the exchange, traders access low spot trading fees of $0.1% per transaction. However, BNB token holders can get a 25% discount on this fee, depending on the size of their BNB holdings. Another way to benefit from BNB is through staking options.
The amount BNB investors earn via staking differs depending on the lock-up periods and the amount of tokens staked. For example, investors staking $5,000 worth of BNB for 120 days can earn up to 12.99% APY. Thus, BNB is potentially one of the best staking cryptocurrency options in 2024.
Trading under $1 in 2017, BNB eventually reached an ATH of $690 in 2021. Currently, BNB trades at $478 per token, with a market cap of nearly $50 billion.
15. Polkadot – Best Staking Crypto for Cross-Chain Use
Polkadot (DOT) is a popular protocol enabling cross-chain blockchain transfers of tokens, data and any other type of asset. Polkadot aims to provide a decentralized web that its users can control. Therefore, the blockchain offers staking options for various network operations and maintaining security on the network.
With a circulating supply of over 1.1 billion DOT, 52% of the available tokens have been staked. One of the major reasons for this is the high annual yields that the network provides. Platform delegators earn an average APR of 14.02% while running validator nodes attracts an APR of 14.83%.
What Are Crypto Staking Coins?
Crypto staking coins are digital assets that support the Proof-of-Stake (PoS) consensus mechanism. Staking involves locking up a portion of your tokens to earn rewards. Unlike mining, staking is energy-efficient and accessible.
When you stake your coins, you help secure the network and validate transactions by participating in the process that confirms and records blockchain transactions. In return, you receive rewards, often in the form of additional coins. For example, staking Ethereum yields annual returns of 4 to 6%, on average.
Staking provides passive income and can increase the value of your holdings. It’s similar to earning interest in a savings account, but with potentially higher returns. In addition to Ethereum, popular staking coins include Cardano and Polkadot.
Investors should choose reliable platforms and be aware of lock-up periods and potential risks.
How Does Staking Crypto Work?
As mentioned, staking crypto involves locking your tokens in a blockchain network to support its operations. Here’s an overview of how it works:
- Choose a staking platform: Select a wallet or exchange that supports staking for your chosen coin.
- Lock your tokens: Deposit and lock a certain amount of tokens into the staking pool.
- Validate transactions: Your staked tokens are selected by the network to confirm and validate transactions. This process helps to ensure that all transactions are accurate and secure.
- Maintain network security: By validating transactions, your tokens help prevent fraud and maintain the overall integrity of the blockchain.
- Earn rewards: In return, you receive staking rewards, typically in the form of additional tokens.
For example, if you stake 10 ETH in Ethereum, you may earn around 4-6% annually, meaning you’ll passively earn 0.4 to 0.6 ETH in one year. This is similar to earning interest in a savings account, but potentially more profitable.
Staking helps secure the network, and in exchange, you earn passive income. Be aware of lock-up periods and the risk of token value fluctuations.
Is Staking Cryptocurrency Worth it?
Before investing in some of the assets from our staking coins list, i’s important for investors and traders to review the benefits of staking coins. The sections below discuss whether staking cryptocurrencies is a worthwhile investment.
Earn Passive Income
Generating passive crypto income is the biggest benefit of staking cryptocurrencies. It allows you to grow your investments without actively trading. Like a savings account, you generate fixed income yearly from your holdings.
For instance, staking 10 ETH at 5% APY yields 0.5 ETH yearly, increasing your holdings over time. This is a great opportunity for investors looking to hold tokens for the long term. Certain tokens offer higher staking yields than others.
To take advantage of this opportunity, choose reliable staking platforms and compare yield rates. Popular platforms include Binance, Coinbase, and dedicated wallets like Trust Wallet. Diversify your staked tokens to balance risk and maximize rewards. This strategy helps build wealth steadily while supporting the blockchain network.
Contribute to Network Security
Staking contributes to network security by validating transactions and maintaining blockchain integrity. When you stake, your tokens help verify transactions, preventing fraud and attacks. This makes the network more reliable and robust.
For example, Ethereum transitioned to a PoS consensus mechanism in 2022, meaning it now relies on stakers to secure its network. More stakers mean higher security and stability. This, in turn, can increase the value of the cryptocurrency, making it worthwhile for investors.
If you choose a project you believe in, staking is even more rewarding — you contribute to the security of a project you support while also making a profit. In essence, by staking, you earn rewards and help secure the network, benefiting the entire ecosystem.
How to Pick the Best Staking Cryptocurrency
Choosing the best staking cryptocurrencies is essential for maximizing your investment success. In this section, we provide tips on what to consider, including high APY, lock-up time, and platform security. These factors help you make informed decisions and optimize your staking rewards.
High APY
APY stands for Annual Percentage Yield, representing the yearly return on investment, including compound interest. Investors should choose the highest APY crypto staking options to maximize returns. For example, some established cryptos can yield an APY of 14% or more, compared to the average S&P 500 return of around 10% annually.
To find high APY cryptos, research staking platforms and compare rates. Binance, Coinbase, and Kraken provide information on staking yields. Be sure to consider the token’s stability and project credibility alongside high APY rates. This strategy helps maximize passive income from your crypto investments.
Lock-Up Time
Many cryptocurrencies offer flexible lock-up periods, allowing investors to stop staking their assets at any moment. On one hand, fixed lock-up periods are likely to attract a higher APY. But, on the other hand, investors looking to stake for short intervals may benefit from choosing digital assets that offer flexible options. For example, Cardano allows investors lock up their assets for a minimum of 30 days on Binance.
Platform Security
Investors should choose secure platforms to protect against hacks and theft. For example, Binance and Coinbase are known for their robust security measures, such as two-factor authentication and insurance for stored assets.
To stake on secure platforms, research the platform’s security features, user reviews, and past incidents. Give preference to platforms with strong reputations, regulatory compliance, and advanced security protocols. This helps safeguard your investments and ensures you earn passive crypto income without unnecessary risks.
Conclusion: What Is the Best Crypto to Stake in 2024?
The best crypto staking rewards come from the annual yields generated by crypto holders, who lock up their digital assets for specified amounts of time. One of the best crypto to stake in 2024 is PlayDoge ($PLAY), a play-to-earn coin that offers up to 537% annual staking rewards.
FAQs
What coins have the highest staking rewards?
PlayDoge ($PLAY) is currently offering investors a 537% annual yield. $PLAY can be earned through PlayDoge-‘s play-to-earn game, or can be directly purchased through the ongoing presale.
What is the best crypto to stake in 2024?
In terms of annual yields, PlayDoge is one of the best coins to stake. The token offers a yearly yield of 537%.
When is the best time to stake crypto?
There are benefits to staking crypto when it’s in bearish as well as when it’s bullish. Staking during a bullish market can render higher rewards due to increased demand and appreciation in the token’s value. However, staking during bearish market conditions could provide opportunities to accumulate tokens at lower prices, the rewards of which you’ll reap when the market turns bullish.
References
- Bitcoin Market Journal: Ethereum Staking Yields
- Helios Staking: The State Of Stake Report 2024
- Statista: Biggest cryptocurrencies in the world based on total staked value
About the Author
Michael Graw 
Eric Huffman 
Goran Radanovic 
Patrick Jennings