Crypto staking platforms let you deposit tokens and earn more of them in the form of staking rewards. The platforms will take care of the staking on your behalf, and provide an accessible way to earn a passive income on idle crypto holdings.
We’ll be looking at some of the best crypto staking platforms based on a range of important factors. Keep reading for in-depth reviews and to find the platform that is right for you.
Our Top Picks for the Best Crypto Staking Platform
The Top 5 Crypto Staking Platforms Reviewed
Here’s more information on our top five recommendations for crypto staking platforms, as well as their advantages and disadvantages.
1. Binance - Best Overall
Binance is our top choice of platforms to earn staking rewards on due to the wide range of staking opportunities. With over a hundred coins that can be staked, and a choice of lock-up periods, there is something for every investor who wants to passively grow their crypto holdings.
Users with a higher risk tolerance can also take advantage of Binance DeFi Staking to earn higher rewards. The wide variety of other services Binance offers, from spot and derivatives trading to loans and NFTs, means users can meet all their crypto needs in the same place.
Staking services for 100+ cryptocurrencies
DeFi staking services
Choice of lock-up periods
Low staking minimums
No fees for staking
Stake at the click of a button
Staking rewards distributed daily
Early redemption possible (minus distributed interest)
Wide range of exchange and other services
24/7 chat support
Minimum lock-up period for most staking products
Regulatory issues in some countries
2. eToro - Best for Social Investing
eToro is the top social investing platform for crypto and other assets such as stocks and ETFs, with access to collective wisdom to help you expand your knowledge and experience—as well as the innovative and popular copy trading feature.
eToro’s dedicated staking service is secure, easy to use, and enables users to earn crypto rewards without any effort. Customers can stake ADA, TRX, and ETH, with eToro taking 10-25% of the yield as a fee for protecting staked assets from additional risks.
Simple to use
Earn staking rewards without doing any work
Assets protected from additional risks
Compound staking rewards
Range of crypto and other financial services available
Help centre and customer service
Staking only available for a very limited number of coins
eToro retains a percentage of the yield as a fee
3. Coinbase - Best for Beginners
Coinbase is a great place for those at the beginning of their crypto journey, with its clear interface and easy-to-use features. You can earn up to 5% APR through staking a handful of popular cryptoassets with Coinbase.
Users who have verified their identity can start staking on Coinbase with as little as $1. It only takes a couple of clicks to get started, after which you will start receiving rewards automatically.
Easy to use
Automatic reward distribution
Start with as little as $1
Cash out at any time
Industry best security
Email and live phone support
Limited number of cryptocurrencies available for staking
Coinbase takes a commission on staking rewards
4. Kraken - Best for Support
If you need help navigating staking and the crypto world, Kraken is a great platform to use. They offer web chat, phone, and email support around the clock, as well as in-depth articles and educational resources to help you expand your knowledge.
You can start staking more than a dozen cryptocurrencies on Kraken, with yearly rewards of up to 23%. It’s a simple process and you can unstake your coins whenever you like without facing any penalties.
Up to 23% yearly rewards on 16 cryptocurrencies
Get started with a couple of clicks
Automatically earn rewards twice a week
Instantly unstake at any time
Choice of on-chain and off-chain staking
Extensive customer support and educational resources
Somewhat limited choice of coins to stake
Not covered by insurance
5. Bitfinex - Best for Security
Bitfinex is one of the safest places around for storing and staking crypto, as staked assets never leave Bitfinex’s cold (offline) wallets. The platform only stakes a portion of the tokens it holds to be able to accommodate withdrawals and help mitigate risks such as slashing.
The staking process is simple on Bitfinex and you can earn rewards of up to 16% per year on several of the most popular staking coins. Rewards are distributed automatically on a weekly basis.
Earn up to 16% yearly rewards on 11 cryptocurrencies
Advanced trading tools
Somewhat limited choice of cryptocurrencies to stake
Bitfinex keeps a small portion of staking rewards
What is a Crypto Staking Platform?
A crypto staking platform is any platform that allows users to deposit crypto, which is then staked and the rewards earned distributed back to the users. Staking is a method of securing a blockchain.
In a Proof of Stake blockchain, people are chosen to validate transactions based on how much and for how long they have staked. They are rewarded for this with more tokens, which they share with anyone who has delegated tokens to them. The staking platforms above simplify this process by validating or delegating on your behalf.
How to use a Crypto Staking Platform
The crypto staking platforms listed on this page are easy to use and you can get started by following these three easy steps.
1. Choose a crypto staking platform
Firstly, you will want to find a platform that is safe and easy to use and charges fees that you are comfortable with. Click on the link to our top recommendation below to sign up with a secure and reputable platform.
2. Create an account and make a deposit
Fill in some details to create an account and provide a photo ID and/or proof of address in order to complete the Know Your Customer process. Then you can go to the deposit page and choose a payment method to fund your account.
3. Start Staking
Head to the staking page on your chosen platform and choose which coin(s) you want to stake. This will probably just take a couple of clicks and then you will start earning rewards that will be distributed to you on a regular basis.
How To Choose a Crypto Staking Platform
Depending on what’s important to you, there are a number of factors that you may want to consider. Here are some of them.
Staking rewards - You may find that different platforms offer different staking returns on the same coins. You can shop around to find the highest returns, or compromise based on whether platforms meet your other needs.
Staking flexibility - Some platforms may provide the flexibility to unstake your coins whenever you like, while others may have a minimum or fixed lock-up period. Which you choose is a matter of personal preference.
Fees - It’s always a good idea to find out whether you will be charged any fees before you get started. Find out whether there are fees for the staking service, as well as other actions such as deposits, withdrawals, and trading.
Security - You will want your assets to be kept safe while you’re staking them, so check what kind of security measures the platform employs. These might include cold storage or insurance.
Extra features - If staking isn’t the only thing you want to do with your crypto, check that the platform offers any other features you require, such as spot or margin trading, copy trading, charting tools, or crypto loans.
User experience - The “feel” of a platform is an important factor in whether you enjoy using it. Things that contribute to this could include the layout and ease of navigation.
Coins available - If there are specific coins you want to stake, a platform that doesn’t support the staking of those coins is of no use to you. There will be a list of coins that can be staked on the platform website.
Customer support - It’s useful to know that you will be able to turn to customer support should you ever run into any problems. Platforms may provide web chat, phone, or email support, as well as explanatory articles.
Payment options - You’ll need to be able to fund your account once you’ve opened it, so check which payment methods the platform supports. Many platforms will let you stake tokens that you have bought and transferred from elsewhere.
Privacy - Most platforms now have KYC requirements, which means you will need to provide personal details and documentation. Make sure your information won’t be sold to third parties by choosing a secure and reputable platform.
Staking has become a popular way to support the operation of blockchain networks, and the platforms on this page let you participate and earn passive staking income without doing any of the work.
There are lots of potential factors to consider to find the platform that’s right for you, but once you have made your choice, any of the platforms above will enable you to start staking and earning rewards in a matter of minutes.