17 Best Crypto Staking Platforms to Use in 2023

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

Crypto staking platforms enable investors to generate passive income on idle tokens. 

This will suit investors that wish to benefit from both income and capital growth, through a long-term investment strategy. 

This comparison guide reviews and ranks the best crypto staking platforms for yields, supported coins, safety, and more. 

The Best Crypto Staking Platforms with the Highest Rewards

From our research the best crypto staking platforms on the market right now are listed below:

1. Bitcoin ETF Token – This unique cryptocurrency rewards $BTCETF token holders based on the events around the Bitcoin ETF approval. Bitcoin ETF Token will burn 25% of its total supply and offers huge staking yields through its smart contract. 
2. Bitcoin Minetrix – With this innovative stake-to-mine cryptocurrency, $BTCMTX token holders can earn high APYs and cloud mining credits. Burn the credits and earn Bitcoin mining power. The Bitcoin Minetrix presale has just launched and has a hard cap target of $33 million. 
3. Meme Kombat – Stake-and-earn a 112% APY with this meme crypto platform that has only just launched on presale. Staked $MK, the native token, can also be used to wager in the Battle Arena which features battling meme coin avatars.
4. XETA Genesis – Offers a unique blend of decentralized and traditional finance, enabling average returns of 20% per month. Its XETADATA Dashboard provides real-time account control, while Genesis Accounts and Pools offer tiered, high-yield investment options with transparent fees.
5. TG.Casino – A revolutionary new online casino that is KYC-free and completely accessible via Telegram. $TGC, the native token, can be staked to earn a whopping 2,300% staking yield as well as earn dividends from the casino in a profit-sharing system.
6. Wall Street Memes – Soaring new meme cryptocurrency is offering a 50% staking APY and has enjoyed one of the best crypto presales ever, raising $25 million. $WSM has now been listed on the OKX exchange.
7. eToro – Top-tier Crypto Exchange with High-interest Staking
8. Coinbase – Earn up to 5.75% via a User-Friendly Staking Platform  
9. Kraken – Staking Rewards Paid Bi-Weekly  
10. OKX – World-Class Crypto Staking Platform Offering up to 300% APY
11. Crypto.com – Earn up to 14.5% APY in Passive Interest 
12. DeFi Swap – New Decentralized Exchange With High-Yield Staking Tools 
13. MyCointainer – Earn up to 133% APY by Running Nodes
14. Binance – Stake 14 Different Coins for Competitive Yields 
15. BlockFi – Lend Out Crypto to generate Interest Payments 
16. Nexo – Top Earning Platform for High Yields  
17. BitStamp – Established Crypto Exchange Offering Staking 

Full and comprehensive reviews of the above crypto staking platforms can be found in the sections below. 

Reviewing the Top Cryptocurrency Staking Sites

Choosing the best crypto staking platform in 2023 will require investors to focus on core metrics surrounding:

• APYs
• Lock-up terms
• Security and trust
• Supported coins
• Minimum account balances 

In the reviews below – which rank the 17 best crypto staking platforms for 2023, we discuss these metrics and more. 

1. Bitcoin ETF Token – Overall Best Crypto Staking Platform, Earn Up to 500% in APYs

Our #1 pick for the best cryptocurrency staking platforms is Bitcoin ETF Token ($BTCETF). This new cryptocurrency has recently launched on presale and offers huge staking yields to early investors. 

In total, Bitcoin ETF Token has a total supply of 2.1 billion tokens. 25% of the supply will be allocated to token holders via staking rewards. These rewards are based on 5 milestones that the project has set. Most of these milestones are related to the SEC’s upcoming decision on the approval of Bitcoin ETFs (Exchange-Traded Funds). The milestones include: 

• The SEC approving the first Bitcoin ETF 
• The release of the Bitcoin ETF 
• Bitcoin ETF crosses $1 billion in assets under management
• Bitcoin reaches an all-time high of $100K
• $BTCETF reaches $100 million in trading volume 

As each of these milestones are reached, Bitcoin ETF Token will offer staking rewards, and burn 5% of its token supply. Thus, 25% of the token supply will be burned over time. To start earning the staking rewards, you can buy $BTCETF on presale and lock your holdings. 

The tokens will locked on an Ethereum smart contract – which has been verified by Coinsult. At the time of writing, the staking APYs (Annual Percentage Yields) are 500%. Over 55 million tokens have already been locked on the contract. 

The rewards are based on your stake in the pool, and the annual returns percentage. Thus, you can generate passive income, while promoting network security. For the ongoing presale, Bitcoin ETF Token has allocated 40% of the token supply – 840 million tokens. The tokens are being distributed through ten rounds. 

While $BTCETF is currently priced at $0.0052 per token, the price will increase per subsequent round. In only a few days, the presale has raised nearly $500K. Read the Bitcoin ETF Token whitepaper and join the Telegram channel to stay updated with this new crypto platform. 

Presale Started	6 Nov 2023
Purchase Methods	ETH, USDT, Card
Chain	Ethereum
Min Investment	None
Max Investment	None

 

2. Bitcoin Minetrix – Earn Bitcoin Cloud Mining Power and Huge Staking APYs with Bitcoin Minetrix, Newly Launched Presale 

The Bitcoin Minetrix staking platform combines token staking with cloud mining. The goal of Bitcoin Minetrix is simple – tokenize cloud mining services by offering credits to token holders that stake the $BTCMTX token. 

While users may directly access cloud mining companies and services, these have been known to scam investors and be unreliable. Bitcoin Minetrix will ensure safety by decentralizing the cloud mining process and also offering passive income. 

All $BTCMTX tokens can be staked on the Ethereum-powered staking contract. By staking $BTCMTX, you can earn cloud mining credits. These non-tradable ERC-20 tokens can be burnt on the platform to earn Bitcoin mining power. Thus, this will allow users to earn a share of mining revenues. 

Furthermore, users can also generate a hefty APY (Annual Percentage Yield) by staking their tokens. At the time of writing, Bitcoin Minetrix is offering a 190% APY on $BTCMTX. The number is expected to reduce as more tokens are staked on the contract. 

$BTCMTX has a low supply of 4 billion tokens. 70% of the tokens will be offered through ten presale rounds. Currently, the token is priced at $0.0114, but will increase by 2.5% at each stage of the 39-stage presale. 

According to the Bitcoin Minetrix whitepaper, the project is in its first roadmap phase. The main focus is to undergo a successful presale and reach a hard cap target of $33 million. Afterward, Bitcoin Minetrix will start developing the stake-to-mine project and focus on new CEX and DEX listings. 

Stay updated with this new cryptocurrency staking platform by joining the Bitcoin Minetrix Telegram channel. 

Presale Started	26 Sept 2023
Purchase Methods	ETH, USDT, BNB
Chain	Ethereum
Min Investment	$10
Max Investment	None

 

3. Meme Kombat – Exciting Meme Crypto Offering Wagering Options on a Battle Arena and Huge Stake-and-Earn Rewards

The next top staking platform on our list is Meme Kombat ($MK). This cryptocurrency combines the popularity of memes with increased utility through its staking mechanism and Battle Arena.

Staked $MK token can be used to in the play-to-earn Battle Arena which allows players to earn tokens and rewards by wagering.

Currently, one can purchase the $MK token on presale for just $0.1667 per token, with tokens automatically staked on Meme Kombat’s ecosystem. 

Investors can earn an APY of 112% during the presale through the staking contract, with a minimum lock-up period of only 14 days when the presale ends.

While tokens are staked, a portion can also be allocated for betting purposes. Players can bet on Player vs Player and Player vs Game betting modes. Meme Kombat is expected to release season one of its Battle Arena after the end of the presale. Every new season will feature multiple battle modes, exciting rewards, and online leaderboards. 

Meme Kombat has a low supply of just 120 million compared to other meme coins and will offer 30% of the entire token supply as staking and battle rewards. Another 10% will be offered as community rewards. 

Half of the 120 million token supply has been allocated for the ongoing presale. By the end of this presale round, Meme Kombat aims to raise a hard cap of $10 million. The remaining 10% of the token supply will be allocated to maintain DEX liquidity. Interested investors can buy Meme Kombat before the presale sells out. 

To learn more about this exciting meme cryptocurrency, which has a doxxed and public-facing team, go through the Meme Kombat whitepaper and join the Telegram channel. 

Presale Started	21 September 2023
Purchase Methods	ETH, USDT
Chain	Ethereum
Min Investment	$5
Max Investment	None

 

4. XETA Genesis – Bridges Traditional Finance And DeFi With 20% Monthly Returns, Nearly $24 Million In Deposits Received

XETA Genesis is currently a promising alternative to crypto staking platforms, with rewarding features that offer users a way to earn passive income.

It is a web3 utility platform that offers unique and high-rewarding features to daily users, day traders, and fund managers.

One of the most appealing features of XETA Genesis is its capability to merge DeFi and TradFi effortlessly. 

The project uses blockchain, cryptos, and high-frequency trading to create a unified financial model. XETA Genesis has witnessed over $23.9 million in total deposits and manages assets worth $62.1 million, highlighting strong community support and trust in the platform.

Top Features

• XETADATA Dashboard: XETADATA allows users complete control over their accounts. It is a centralized place to manage deposits, withdrawals and view real-time performance metrics.
• Genesis Accounts: These accounts are the gateway to all other features. They come in three tiers: 250, 500, and 1000 USDC. A $25 monthly membership fee is applicable, and withdrawals are subject to a 2.5% fee. However, the account offers up to 20% monthly returns and has a 12-month lifespan.
• Genesis Pools: Designed as a premium investment tool, Genesis Pools offers compounded monthly returns of up to 20%. These pools are managed with a 2.5% monthly fee and a 2.5% withdrawal fee.
• Private Consultations: Users can schedule a one-on-one session with a Xeta representative for personalized investment advice.
• Diverse Trading Options: Partnering with regulated entities, XETA Genesis uses high-frequency trading across various financial instruments, including gold, gold futures, gold ETFs, and foreign exchange markets.
• Transparent Fee Structure: The project is upfront about its fees, from account creation to investment management. While there’s a flat $25 membership fee for Genesis Accounts, the Genesis Pools require a monthly management fee of 2.5% of the principal balance.

Interested users can follow XETA Genesis on X (Twitter) for the latest updates.

 

5. TG.Casino – Get a 2,300% Staking APY with this Telegram Casino, Over $200k Raised 

TG.Casino ($TGC) is a fully licensed Telegram casino that offers thousands of betting markets and a sportsbook. Since it is completely accessible via Telegram, users can easily connect to the casino and start betting without meeting any KYC requirements. 

The project has already raised more than $200,000 and is currently offering an incredible staking APY of 2,300%.

Focused on offering security and transparency, TG.Casino supports seamless withdrawals and deposits and leverages Telegram’s robust security infrastructure. Furthermore, users can make completely anonymous bets by leveraging $TGC, the native token. 

One of the main benefits of $TGC is its stake-and-earn rewards and, at the time of writing, more than 1.7 million tokens have already been staked on the ecosystem. 

Once the casino starts making profits, a portion will be used to buy back $TGC tokens, with those staking able to earn rewards as part of a profit-sharing system – 60% will be sent to those staking and 40% of the tokens bought back will be burnt on the ecosystem. 

This will make TG.Casino Token deflationary and make the token more competitive in the market.

The TG.Casino Token has a total supply of only 100 million, 40% of which has been allocated for presale. Interested investors can buy TG.Casino token for just $0.0125 with the presale rushing towards its hard cap target of $10 million. 

20% of the token supply will be distributed as staking rewards, and 10% as player rewards and bonuses. New players will be able to get a matched deposit bonus of 150% up to $30,000 on their first deposit. This comes with 500 free spins. 

For more information on this cryptocurrency, read the TG.Casino whitepaper and joining the Telegram channel. 

Presale Started	21 September 2023
Purchase Methods	ETH, USDT, BNB
Chain	Ethereum
Min Investment	None
Max Investment	None

 

6. Wall Street Memes – Earn High APYs With This Meme Cryptocurrency, Over $25 Million Raised on Sold-Out Presale 

 Wall Street Memes ($WSM) is a meme platform has existed since 2019 and has amassed over 1 million followers across various social media platforms. 

Through the successful presale, Wall Street Memes has raised more than $25 million. After the presale ended, the cryptocurrency was listed on top crypto exchanges such as OKX and Huobi. 

One of the best crypto staking platforms, Wall Street Memes, is allowing investors to stake the $WSM token to earn high APYs (Annual Percentage Yields). At the time of writing, one can stake and earn a 50% yield on $WSM. So far, more than 375 million tokens have been staked on the ecosystem. 

The creators of this popular cryptocurrency platform have also released their own NFT legacy project called Wall St Bulls. The first NFT drop sold out 10,000 NFTs in 32 minutes. Now, the creators want to build the $WSM into a successful ecosystem through the help of loyal customers. 

From a total supply of 2 billion, 1 billion tokens were allocated for the presale. 

The project, which has a long track record of success in the space, has more than a million social media followers with Elon Musk a known fan.

Another 30% of the token supply will be used to offer community rewards, while the remaining will be used for CEX (Centralized Exchange) and DEX (Decentralized Exchange) allocation. 

Join the Wall Street Memes Telegram channel to stay updated with the cryptocurrency.

 

7. eToro – Top-tier Crypto Exchange with High-Interest Staking

eToro is primarily a brokerage platform that supports crypto in addition to stocks, ETFs, forex, indices, and commodities. More than 27 million people now use eToro to trade, for its strong commitment to regulation, simple user interface, and cost-effective pricing structure. eToro is also, however, one of the best crypto staking platforms on the market. 

Here’s how it works. After buying crypto on the eToro platform, the respective tokens will automatically be eligible for staking rewards. This means that there is no requirement to opt-in. As of writing, eToro supports staking on three coins – Cardano, Tron, and Ethereum. New crypto tokens are expected to be added in due course. 

The share of any staking rewards generated will depend on the status of the eToro user. Diamond and platinum members, for instance, will receive 90% of the staking rewards. Do note that automated staking kicks in after 10 and 8 days of holding Cardano and Tron, respectively. Those electing to buy crypto on eToro for the purpose of staking require a minimum purchase of $10. 

A fee of 1% is collected on both buy and sell orders. In addition to Bitcoin, eToro is home to nearly 80 of the best altcoins. This is inclusive of some of the best metaverse coins, such as Decentraland and Axie Infinity. Depositing funds into eToro is seamless, as the broker supports debit and credit cards, e-wallets, and bank transfers. 

Payments made in US dollars are fee-free, which makes eToro one of the best platforms for buying top trending cryptos with fiat money. Another reason why eToro is one of the best crypto staking sites on the market is that it offers copy trading tools. This means that eToro users can trade crypto passively, by automatically copying the positions of a seasoned trader. 

The eToro platform is regulated on multiple fronts, inclusive of the SEC, FCA, ASIC, and CySEC. Accounts can be opened and maintained online or via the eToro mobile app. Those wishing to try eToro out before making a deposit can open a free demo account. This comes with a $100,000 allocation of paper trading funds. 

Staking Rewards on Cryptocurrencies	Up to 90% of staked rewards
Min & Max Staking Amounts	$1 – No maximum
Lock-In Period	No lock-in period; flexible withdrawals offered
Security & Regulation Features	Regulated by the SEC, FCA, ASIC, CySEC
Additional Rewards Offered	N/A
Payout Frequency	Monthly

Pros

• Authorized and regulated by the SEC, FCA, ASIC, and CySEC
• 27+million clients
• Automated staking on eligible coins
• Buy crypto from just $10 at a commission of 1%
• Copy trading services 
• No deposit fees on USD payments

Cons 

• Only 3 coins are supported for staking 

Visit eToro

Crypto assets are highly volatile investment products. Your capital is at risk. 

8. Coinbase – Earn up to 5.75% via a User-Friendly Staking Platform 

Coinbase is a popular crypto exchange and broker that supports 100 coins. It is home to a user-friendly platform that will appeal to beginners. As of writing, Coinbase supports six coins for staking – namely, Algorand, Cardano, Cosmos, Ethereum, Solana, and Tezos. In terms of yields, the best APY on offer is 5.75%, when staking Algorand. 

Do note that Coinbase staking is not accessible to US clients. Moreover, staking rewards are only paid on crypto assets purchased on the Coinbase platform. This could be a sticking point considering that Coinbase charges a trading commission of 1.49%. Furthermore, buying coins directly with a debit card will cost 3.99%. 

In addition to staking, Coinbase also supports DeFi yield services. This is supported for both Dai and Tether, albeit, yields will vary depending on market conditions. Staking and DeFi yield rewards can be tracked in real-time via the Coinbase website or mobile app for Android and iOS. 

Staking Rewards on Cryptocurrencies	Up to 5.75%
Min & Max Staking Amounts	Not stated
Lock-In Period	Flexible withdrawals
Security & Regulation Features	Regulated by relevant US licensing bodies
Additional Rewards Offered	DeFi yield rewards on Dai and Tether
Payout Frequency	Depends on the coin being staked

Pros

• Top staking platform for beginners 
• No minimum staking amount required 
• Heavily regulated 

Cons 

• Debit/credit cards attract a fee of 3.99%
• Better staking yields are available elsewhere 
• High trading commissions 

Visit Coinbase

9. Kraken – Staking Rewards Paid Bi-Weekly 

Kraken is one of the best crypto staking platforms for fast reward distributions. This popular exchange pays staking rewards twice per week, which is in addition to competitive yields. In total, 15 digital assets can be staked on the Kraken platform. Apart from Bitcoin, all staking coins on Kraken are initiated on-chain. 

Popular coins to stake include Ethereum, Tezos, Tron, Solana, and Polkadot. In terms of APYs, the best rate on offer is 20% and this is available when staking Mina. Kusama and Kava are competitive too, with maximum staking rewards of 18%. All staking agreements on Kraken are offered on flexible terms.  

Staking Rewards on Cryptocurrencies	Up to 20%
Min & Max Staking Amounts	Not stated
Lock-In Period	Flexible withdrawals
Security & Regulation Features	Registered as a money service business in the US
Additional Rewards Offered	None
Payout Frequency	Bi-weekly

Pros

• Staking rewards are distributed bi-weekly 
• Earn up to 20% in staking yields 

Cons 

• Terms and conditions can vary depending on the coin
• Not transparent on fees 

Visit Kraken

10. OKX – World-Class Crypto Staking Platform Offering up to 300% APY

Another top pick for staking cryptocurrencies in 2023 is OKX. This global crypto exchange offers trading on more than 340 popular cryptocurrencies and gives investors a chance to earn interest on many of them.

OKX’s staking platform is integrated right into the exchange, making it very simple to use. Users can choose from a wide selection of coins to stake, some earning up to 70% APY. Many coins are available to stake with flexible staking periods and there are higher rates available for 15, 30, 60, 90, or 120-day lock-up periods.

In addition to DeFi crypto staking, OKX has crypto savings accounts where investors can earn interest on their tokens. These accounts offer up to 300% APY for certain tokens. Stablecoins like Tether and USD Coin each earn 10% APY, while Bitcoin and Ethereum each earn 5% APY. There are no lock-up periods for tokens in an OKX savings account.

OKX pays out interest every hour, so investors can start compounding their returns right away. OKX is also one of the best yield farming crypto platforms with APYs as high as 6.52% on given crypto crosses.

OKX makes it easy to buy crypto and then stake it. The exchange accepts credit cards, debit cards, bank transfers, and e-wallets to purchase crypto with a minimum trade size of $10. On top of that, the fee to buy crypto on OKX is just 0.10% – among the lowest trading fees in the industry.

Staking Rewards on Cryptocurrencies	Up to 300% APY
Min & Max Staking Amounts	None
Lock-In Period	Flexible or 15, 30, 60, 90, 120 days
Security & Regulation Features	Regulated in Malta
Additional Rewards Offered	None
Payout Frequency	Hourly

Pros

• 20+ million users around the world
• Offers trading on 340+ crypto tokens
• Flexible staking or lock-in periods for higher rewards
• Earn up to 300% APY for specific tokens
• Interest is paid out hourly

Cons 

• Doesn’t specify fees for purchasing crypto with a credit card

Visit OKX

Crypto assets are highly volatile investment products. Your capital is at risk.

11. Crypto.com – Earn up to 14.5% APY in Passive Interest 

Crypto.com is a leading digital asset exchange that offers the lowest trading commissions in this industry. After recently reducing its fee structure, buying and selling crypto at a commission of just 0.075% is possible. This means that for every $1,000 worth of crypto traded, a commission of just $0.75 will be collected.

Although Crypto.com doesn’t support staking, it does offer crypto interest accounts which, for all intent and purposes, operate in much the same manner. The only difference is that the crypto assets will be used to fund loans. This Crypto.com staking review found that dozens of tokens are supported and investors can choose from flexible withdrawal terms or a 1/3-month lock-up period. 

The best interest rates are offered on longer-term agreements. Crypto.com staking rewards offer an APY of up to 14.5% on crypto and up to 8.5% on stablecoins. Moreover, the best APYs require the user to stake CRO tokens, which are native to Crypto.com. Those using the Crypto.com exchange will have access to more than 250 coins. Debit/credit card payments attract a fee of 2.99%.       

Staking Rewards on Cryptocurrencies	Up to 14.5% APY on interest accounts
Min & Max Staking Amounts	$1 – $1 million
Lock-In Period	Flexible, 1-month, and 3-month accounts
Security & Regulation Features	Regulated by CySEC
Additional Rewards Offered	When staking CRO tokens
Payout Frequency	Weekly

Pros

• Lowest crypto trading fees in the industry 
• Earn up to 14.5% on crypto interest accounts
• Stablecoins are supported too
• Choose from a flexible, 1-month, or 3-month term
• Minimum investment of just $1

Cons 

• Debit/credit cards attract a fee of 2.99%

12. DeFi Swap – New Decentralized Exchange With High-Yield Staking Tools 

DeFi Swap is the best crypto staking platform for investors that prefer using decentralized exchanges. This means that investors will be able to earn staking rewards without using an intermediary. Instead, investors only need to link their crypto wallet to the DeFi Swap exchange, meaning no private information or KYC documents. 

DeFi Swap is an up-and-coming exchange in this space that initially, will support staking agreements on tokens operating on the Binance Smart Chain. Further down the line, DeFi Swap will support cross-chain functionality. This means that investors will be able to stake tokens on other blockchain networks – such as Ethereum and Solana. 

DeFi Swap also offers decentralized trading services. After connecting a wallet, users can swap one token for another without needing a seller at the other end of the trade. Fees are extremely competitive on DeFi Swap and the platform itself is user-friendly. DeFi Swap also supports yield farming, which is another way to generate passive income in addition to staking.  

Another interesting aspect of the DeFi Swap exchange is that the project has its own native digital asset – DeFi Coin (DEFC). This sits at the heart of all DeFi Swap exchange services and subsequently enables investors to gain exposure to its growth. DeFi Coin can be purchased on DeFi Swap, in addition to PancakeSwap. 

Staking Rewards on Cryptocurrencies	75% on DeFi Coin
Min & Max Staking Amounts	None
Lock-In Period	30, 90, 180, 365 days
Security & Regulation Features	Decentralized
Additional Rewards Offered	Yield farming supported
Payout Frequency	At the end of the respective staking term

Pros

• Decentralized staking in crypto tool 
• No account registration or personal information required
• High APYs on BSc tokens
• Cross-chain functionality is a work-in-progress 
• Also supports token swaps and yield farming 

Cons 

• Does not support fiat money payments

13. MyCointainer – Earn up to 133% APY by Running Nodes

Crypto earning platform MyCointainer allows its users to earn up to 133% APY by running nodes for 122 different assets and collecting rewards in multiple ways: exchange, PoS, masternodes, or cold staking.

Users can track daily returns both in the mobile app (iOS or Android) or in a desktop version.

The platform has been on the market for four years having been launched by Bartosz Pozniak in 2018 – the service operates legally from Estonia with support available worldwide through its mobile app. 

MyCointainer also provides users with a wide range of ways to deposit funds into their wallet – from widespread SEPA & SWIFT payments and Visa/Mastercard to less conventional but very fast and convenient payment methods. 

As for the additional rewards, the platform offers crypto cashback, airdrops and a referral program. The MyCointainer Crypto Cashback extension sees users get 56% of their money back when shopping online, with the platform partnered with around 300 online stores and services worldwide – including in categories like clothing, education, tourism and entertainment.

MyCointainer provides users with the possibility to take part in multiple airdrops, with seven operating on the platform at the time of writing. 

The airdrops can earn from 40 USDT to 1,000,000 USDT, although they are time sensitive so investors should take care they don’t miss such offers.

MyCointainer referral program is versatile and currently offers three different types of referral rewards: 

• €15 of free staking tokens for each invite
• 20% from MyCointainer earnings for each of your friend
• 10% of net price for referring MyCointainer’s ‘stake-all’ hosting

On top of that, MyCointainer platform offers a power subscription that helps you avoid reward fees and gives access to various kinds of VIP giveaways. 

Staking Rewards on Cryptocurrencies	Up to 133% APY
Min & Max Staking Amounts	Min – 10EUR, Max – None
Lock-In Period	None
Security & Regulation Features	Regulated in Estonia
Additional Rewards Offered	Cashback, airdrops, referrals
Payout Frequency	Daily

Pros

• Daily rewards generation with detailed report
• Fiat currencies are available
• iOS & Android mobile apps
• Unlimited access to 120+ assets
• Beginner-friendly UX

Cons

• Not all coins are available for staking

14. Binance – Stake 14 Different Coins for Competitive Yields

The Binance ecosystem now consists of the world’s largest crypto exchange for trading volume, a top-5 digital asset by market capitalization, and a fully-fledged facility for earning passive income. As of writing, the Binance staking tool supports 14 coins. This includes everything from BNB, AAVE, and Ethereum to XRP, Litecoin, and Bitcoin. 

Yields vary depending on the coin, albeit, the highest interest rate as of writing is being paid on DYDX at 8.7%. Some staking coins come with flexible withdrawal terms, while others require a lock-up period of up to 120 days. It is possible to earn an even higher yield by opting for a Binance interest account. Axie Infinity, for example, on a 90-day term yields an APY of 76%. 

In addition to offering interest-bearing products, Binance is one of the cheapest crypto exchanges in this space. Buying and selling crypto will cost just 0.1% per slide here. Binance supports more than 1,000 markets, which includes many of the best meme coins for speculative investors. Binance also lists a range of fast-growing cryptocurrencies from the BSc network. 

Staking Rewards on Cryptocurrencies	Up to 8.7%
Min & Max Staking Amounts	Depends on the coin
Lock-In Period	From flexible to 180 days
Security & Regulation Features	Regulated digital asset service provider in several jurisdictions
Additional Rewards Offered	Yield farming and interest accounts supported
Payout Frequency	At the end of the respective staking term

Pros

• 14 assets can be staked 
• Various terms and yields on offer
• Also supports yield farming and interest accounts 
• Hosts some of the best crypto giveaways  

Cons 

• Some staking pools sell out quickly  

15. BlockFi – Lend Out Crypto to generate Interest Payments 

BlockFi is a leading crypto lending platform that supports interest accounts and loans. While BlockFi does not support staking tools per se, it does enable investors to deposit coins for the purpose of generating passive income. The coins deposited by investors will subsequently be used to fund third-party loans that are secured by crypto. 

BlockFi supports interest accounts on 15 crypto assets, which includes a selection of stablecoins. Interest rates will vary depending on the coin and the amount that has been invested. For example, investors can earn an APY of 3.5% on Bitcoin, up to the first 0.1 BTC. For deposits above this amount, interest of 2% is paid. 

The best rates, however, are actually offered on stablecoins – which will appeal to investors that wish to earn passive income without witnessing volatility. BUSD and USDC, for example, yield 7.5%. 

Staking Rewards on Cryptocurrencies	Up to 7.5%
Min & Max Staking Amounts	Not stated
Lock-In Period	Flexible withdrawals
Security & Regulation Features	Licensed by the Bermuda Monetary Authority
Additional Rewards Offered	Credit card cashback rewards
Payout Frequency	Monthly

Pros

• Earn up to 7.5% on stablecoins
• Flexible withdrawals 

Cons 

• Small limits on the highest rates offered
• APYs change at a moment’s notice   

16. Nexo – Top Earning Platform for High Yields  

Nexo is a direct competitor to BlockFi, as the platform specializes in crypto lending services. Investors can deposit tokens into Nexo to earn a high rate of interest, with the likes of Axie Infinity yielding up to 36%. Bitcoin and Ethereum are competitive too, with yields of up to 7% and 8% on offer, respectively. 

However, in order to get the best rates possible on Nexo, investors will need to meet certain terms. This typically includes meeting a minimum lock-up term of one month and receiving interest payments in NEXO tokens. Nonetheless, Nexo is popular for fast payouts, with rewards distributed on a daily basis. Nexo does not collect any fees from the APYs advertised. 

Staking Rewards on Cryptocurrencies	Up to 36%
Min & Max Staking Amounts	Not stated
Lock-In Period	Flexible withdrawals, but the highest rate kicks in after one month of holding
Security & Regulation Features	Licensed in various jurisdictions
Additional Rewards Offered	Higher rates when electing to receive rewards in NEXO
Payout Frequency	Daily

Pros

• One of the best crypto staking rewards for high yields 
• APYs of up to 36% 

Cons 

• Need to hold tokens for at least one month to get the best rates
• Best rates require users to receive rewards in NEXO   

Visit Nexo

17. Bitstamp – Established Crypto Exchange Offering Staking

Bitstamp is an established crypto exchange that was founded in 2013. The platform is primarily used by traders that seek low commissions and access to a diversified range of markets. Trading volumes of under $1,000, for example, have access to 0% commissions when buying and selling crypto. 

Although Bitstamp also offers staking services, only two crypto assets are supported at this moment in time. This includes Ethereum, which offers an APY of 4.12%. The other crypto asset supported is Algorand, which offers an APY of just 1.6%. The minimum staking amount on Ethereum is 0.1 ETH. There is no minimum when staking Algorand. 

Staking Rewards on Cryptocurrencies	Up to 4.12%
Min & Max Staking Amounts	0.1 ETH, no minimum on ALGO
Lock-In Period	Flexible withdrawals
Security & Regulation Features	Regulated in Luxembourg
Additional Rewards Offered	None
Payout Frequency	ETH is monthly, ALGO is typically quarterly

Pros

• Established and trusted crypto exchange founded in 2011
• No minimum staking investment on Algorand 

Cons 

• Ethereum staking requires a minimum of 0.1 ETH
• Yields are low
• Just two coins supported for staking

Best Crypto Staking Platforms Compared 

The comparison table below offers a recap of the 17 best crypto staking platforms reviewed in the sections above: 

Staking Platforms	Staking Rewards on Cryptocurrencies	Min & Max Staking Amounts	Lock-In Period	Security & Regulation Features	Additional Rewards Offered	Payout Frequency
Bitcoin ETF Token	Up to 500% APY	None	N/A	Smart contract verfied	N/A	Daily/Monthly
Bitcoin Minetrix	Up to 190% APY	None	14 days	Decentralized	Community rewards	N/A
Wall Street Memes	Up to 50% APY	No minimums	7 days	Decentralized	Community rewards	N/A
Meme Kombat	Up to 112% APY	None	14 days	Project is doxxed	Free tokens on ecosystem through wagering	N/A
TG.Casino	Up to 2,300%	100 $TGC (On presale)	14 days	Follows AML procedures	Free NFTs, token rewards	N/A
eToro	Up to 90% of staked rewards	$1 – No maximum	No lock-in period; flexible withdrawals offered	Regulated by the SEC, FCA, ASIC, CySEC	N/A	Monthly
OKX	Up to 300% APY	None	Flexible or 15, 30, 60, 90, 120 days	Regulated in Malta	None	Hourly
Crypto.com	Up to 14.5% APY on interest accounts	$1 – $1 million	Flexible, 1-month, and 3-month accounts	Regulated by CySEC	Higher rates when staking CRO tokens	Weekly
DeFi Swap	75% on DeFi Coin	None	30, 90, 180, 365 days	Decentralized	Yield farming supported	At the end of the respective staking term
Binance	Up to 8.7%	It depends on the coin	From flexible to 180 days	Regulated digital asset service provider in several jurisdictions	Yield farming and interest accounts supported	At the end of the respective staking term
Coinbase	Up to 5.75%	Not stated	Flexible withdrawals	Regulated by relevant US licensing bodies	DeFi yield rewards on Dai and Tether	It depends on the coin being staked
Blockfi	Up to 7.5%	Not stated	Flexible withdrawals	Licensed by the Bermuda Monetary Authority	Credit card cashback rewards	Monthly
Nexo	Up to 36%	Not stated	Flexible withdrawals, but the highest rate kicks in after one month of holding	Licensed in various jurisdictions	Higher rates when electing to receive rewards in NEXO	Daily
Kraken	Up to 20%	Not stated	Flexible withdrawals	Registered as a money service business in the US	None	Bi-weekly
BitStamp	Up to 4.12%	0.1 ETH, no minimum on ALGO	Flexible withdrawals	Regulated in Luxembourg	None	ETH is monthly, ALGO is typically quarterly

The Basics of Staking Crypto

Staking enables investors to earn interest on tokens that would other remain idle in a crypto wallet. It is, however, important to have a firm grasp of how crypto staking works before proceeding. 

The purpose of this section is, therefore, to explain the basics of staking cryptos. 

How Does Cryptocurrency Staking Work?

In its most basic form, staking requires the investor to deposit tokens into the respective blockchain network. This helps keep the network safe and decentralized. Miners – who verify blockchain transactions are rewarded for their efforts with the staked tokens. 

In turn, the investor that staked the tokens will be paid interest. This will be the case for as long as the investor staked the token. Yields will vary depending on the coin and underlying blockchain network. Nonetheless, staking offers a passive way to generate crypto rewards. 

Another factor to remember about staking is that oftentimes, there will be a minimum lock-up period. This refers to the number of days that the tokens will remain locked in the respective blockchain network. During this time, the investor will not be able to withdraw their tokens.  

Crypto Mining vs Staking

Both crypto mining and staking go hand in hand. However, the two terms refer to different processes. 

Regarding mining, this refers to the process of verifying blockchain transactions to ensure the network remains decentralized and secure. 

In most cases, anyone can be a miner simply by connecting specialist hardware to a device. This offers a passive way to earn free crypto, albeit, certain costs remain present – such as the consumption of electricity. 

Staking, on the other hand, refers to the process of locking crypto tokens for a minimum number of days. The tokens are used to reward miners for their efforts. Staking is a lot more cost-effective when compared to mining, albeit, yields are often less competitive. For more details on crypto mining readers can explore our article on the best crypto mining platforms in 2023. 

On-Chain & Off-Chain Staking

Investors will often have the option of staking tokens on-chain or off-chain. 

On-chain staking refers to the process of depositing tokens directly into the respective blockchain protocol. This is often considered the safest option of the two, but a lot more complex. Moreover, minimum staking requirements can be high when opting for an on-chain agreement. 

Off-chain staking enables investors to generate passive income via a third-party platform – such as eToro or Crypto.com. This typically offers a less attractive yield, but off-chain staking is more user-friendly. Furthermore, off-chain staking often requires a much lower capital outlay.   

Why Stake Crypto?

Long-term investors with an interest in crypto would be wise to consider staking. The reason being is that upon buying crypto, the tokens will sit idle in an exchange or wallet without generating any income. This is like buying an investment property and not renting it out to tenants. 

In comparison, by instead staking the purchased crypto, investors will earn income in a passive manner. Those that engage in staking will still own the respective crypto assets outright, so any capital gains that the tokens generate will still be realized. 

• For example, let’s say that an investor owns 2 ETH and decides to stake at an APY of 5%. 
• After 12 months of staking, the investor will have generated an additional 0.1% ETH in rewards. 
• As such, they now own 2.1 ETH. If the value of ETH has since increased in the open market, this will amplify the investor’s capital gains. 

The only downside to staking is if the investor opts for an agreement that requires a minimum lock-up period. While the tokens are locked, the investor will not be able to request a withdrawal. During this timeframe, an opportunity cost might arise. 

How to Stake Cryptocurrency on eToro

The crypto staking process can vary depending on the platform chosen. 

For the purpose of this tutorial, we will explain the steps required when staking cryptocurrency on eToro. 

Step 1: Register an eToro Account  

The first step is to open an account with eToro. This is a requirement for all new eToro customers, as the broker is regulated by multiple tier-one bodies. 

Choose a suitable username and password, before entering some personal information when prompted. 

Finally, eToro will also ask for a copy of a government-issued ID. Once again, this is to ensure that eToro complies with its license issuers. 

Step 2: Deposit Funds

The only way to earn passive income on the eToro staking platform is to buy crypto directly with the broker. Before a purchase can be made, investors will need to make a deposit. 

The minimum deposit for US and UK clients is $10. Outside of these countries, the minimum deposit is slightly higher at $50. 

No deposit fees are charged on US dollar payments. Other currencies will be charged 0.5%. 

Supported payment methods are inclusive of bank transfers, e-wallets, and debit/credit cards.  

Step 3: Buy Crypto 

eToro supports staking yields for three crypto assets – Ethereum, Cardano, and Tron. As such, investors will now need to purchase one of the aforementioned coins to benefit from staking rewards. 

The minimum crypto purchase on eToro is just $10. The fastest way to buy the chosen coin is to use the search bar, before clicking on the ‘Trade’ button. 

Step 4: Start Earning Staking Rewards  

After buying a supported staking coin, there is nothing more to do. At eToro, staking rewards will automatically be generated after the initial holding period has passed. 

This amounts to eight days in the case of Tron and 10 days on Cardano. There is no minimum lock-up term, as eToro supports flexible withdrawals. 

Crypto Staking Taxes

Crypto taxes in general will vary depending on the location of the investor. With that said, in many jurisdictions, crypto staking is taxed in a similar nature to income. 

This is in stark contrast to crypto capital gains, which in most cases are only payable once the tokens have been sold. 

Taxes on staking will often be determined by the value of the rewards when they were received. 

This can make it challenging to know exactly how much tax is due, considering the volatile nature of the crypto space.  

Investors are strongly advised to consult with a tax specialist to assess their crypto staking obligations. 

Is Staking Crypto Safe?

There will always be an element of risk when staking crypto. 

First and foremost, while the investor might generate income from their staking endeavors, the process can still result in a loss if the value of the respective token declines in the open market. 

Moreover, when staking off-chain, investors need to consider the risk of the platform itself. After all, if the staking platform runs into financial issues, it might not be able to return the tokens that have been deposited by investors. 

There is also risk associated with on-chain staking. After all, if the network is hacked, this could result in the staked tokens being stolen. 

Conclusion

This guide has compared and contrasted the best staking crypto platforms on the market today. We have covered a blend of on-chain and off-chain options, across a variety of yields and supported coins. 

Alongside eToro for conventional staking, we also reviewed the new Bitcoin ETF Token platform. Investors can stake $BTCETF – to earn APYs as high as 500%. All tokens are staked on an Ethereum-based smart contract, which has been verified by Coinsult. Over 55 million tokens have already been staked on this ecosystem.

Currently, $BTCETF is available to buy on presale. 

 

FAQs

What is crypto staking?

Crypto staking is a passive investment strategy. It requires investors to deposit their crypto assets into a blockchain protocol to help keep the network safe and operational. Investors will then be paid a rate of interest on the tokens for as long as they are staked. 

One of the best crypto for staking right now is Ethereum, which recently transitioned to proof-of-stake. As such, Ethereum is now considered the best proof-of-stake coin to buy and hold long-term. This will also make Ethereum one of the most energy-efficient cryptocurrencies on the market. BTC20 is another excellent coin for staking, though the APY is not yet known. 

Is crypto staking worth it?

Yes, it goes without saying that crypto staking is worth it. Otherwise, the respective tokens will remain in a crypto wallet without generating any income. Staking enables the investor to earn passive income for as long as the tokens are held. 

What is the best crypto staking platform?

One of the top crypto staking platforms is Bitcoin ETF Token. At press time, it is offering a staking return of more than 500%. Over 55 million tokens have already been locked on the staking contract. 

How can I stake cryptocurrency?

The easiest way to stake crypto is to opt for a third-party platform that offers off-chain staking. The process typically requires the investor to open an account with the platform before depositing their tokens into the staking pool. Interest on the tokens will be generated thereon. 

Can you get rich from staking crypto?

Some crypto assets attract highly lucrative staking rewards – which can be as high as double or even triple-digit APYs. However, there is no guarantee that the investor will make a financial return when staking. After all, if the value of the token declines in the open market by more than is being generated in staking rewards, the investor will make a loss.