HomeCryptocurrency Comparison GuidesCrypto Staking Platforms
Start trading with eToro

5 Best Crypto Staking Platforms in 2022

Author: Alice Leetham Updated: May 11, 2022

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

  1. Binance - Best Overall

  2. eToro - Best for Social Investing

  3. Coinbase - Best for Beginners

  4. Kraken - Best for Support

  5. Bitfinex - Best for Security

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.

Pros

  • 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

  • Mobile app

Cons

  • 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.

Pros

  • Simple to use

  • Earn staking rewards without doing any work

  • Secure

  • Transparent

  • Assets protected from additional risks

  • Compound staking rewards

  • Range of crypto and other financial services available

  • Help centre and customer service

  • Mobile app

Cons

  • 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.

Pros

  • 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

  • Mobile app

Cons

  • 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.

Pros

  • 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

  • Mobile app

Cons

  • 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.

Pros

  • Earn up to 16% yearly rewards on 11 cryptocurrencies

  • Hassle-free staking

  • Weekly rewards

  • Automatic distribution

  • No minimums

  • Strong security

  • Advanced trading tools

  • Customer support

  • Mobile app

Cons

  • 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.

1
Min. Deposit
$1
Promotion
User Score
10
The world's largest cryptocurrency exchange with over 2bn daily users
Innovative trading platform offering enormous range of crypto coins
Supports over 60 methods of payment including PayPal
Start Trading
Description:
Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.
Payment Methods
1Pay, 2C2P, 3d Secure Credit Card, ACH, ANELIK, Abaqoos, AdvCash, AlertPay, Alfa-Click
Algocharge, AliPay, American Express, Apple Pay, AstroPay, BPAY, Bank Link, Bank Transfer, Bank Wire, Baofoo, BitGold, BitPay, Bitcoin, Boleto, Bonds, Borneo Exchanger, Bradesco, CEX.io Mobile App, CFDs, CSS System, CUPS, CartaSi, Carte Bleu, Carte Bleue, Cash, CashU, Cashier Order, Check, Check (UK only), China UinonPay, China Union Pay, China UnionPay, ClickandBuy, Commodities, Contact, Contact Z, Credit Card, Cryptocurrencies, Currencies, DCPay, DIXIPAY, Dankort, Debit Card, Dengi Online, DineroMail, DirectPay, Dotpay, E-dinar, ELV, ENets, EPS, ETFs, EXCARD, Easy2Pay, EcoPayz, Ecommpay, Ecurrencyzone, EgoPay, Emerchant Pay, Eprotections, EstroPay, Ethereum, Euro Bank Account, Euteller, Express Dotpay, Express Polish Post Office 24/7, Express Zabka Market, Ezeebill, Ezybonds, FasaPay, Fastapay, Fastbank, Faster Payments, FilsPay, Forex, GTBank, Gate2Shop, Giropay, GlobalCollect, GlobalPAY, GlobePay, Gluepay, Google Pay, Halcash, I-Account, IPS, Ideal, Indices, Individual US State License(s), Indonesia Exchanger, InstaBill, Instadebit, IntellectMoney, Interswitch, Investmate, Investmate, Itukar, KNET, Klarna, LaoForexBoard, LavaPay, Lion Payment, LiqPay, Litecoin, Lobanet, MOTO, MT4, MT5, Mailing Cash, Market Maker, Masari, Mastercard, MegaTransfer, Mister Cash, Mobile Trading App, Mobile Trading Platform, Moneta, Money Bookers, Money Order, MoneyBookers, MoneyGram, MoneyPolo, Multibanco, NETBANX, Nab, Namecoin, Neosurf, NetPay, OKPAY, OMT, OmahPoin, OnPay.ru, Online Naira, OrangePay, PAYSEC, POLi, POLi & BPay, PYEER, PagoEfectivo, Paxum, Pay Nova, PayCo, PayPal, PayRetailers, PayWeb, Payeer, Payoneer, Payonline, Payvision, Payza, Perfect Money, PocketMoni, Postbank, Powercash 21, Prepaid MasterCard, Prepaid MasterCard (I-Account), Prepaid MasterCard (Intercash), Prepaid MasterCard (Payoneer), Privat 24, Przelewy24, QIWI, RBK Money, Rapid Transfer, RegularPay, SEPA, Safecharge, SafetyPay, SahibExchange, Shilling, SmartPay, Sofort, SolidTrust Pay, SorexPay, Sporopay, Stock Certificate, Stocks, Swish, Teleingreso, Thailand Exchanger, Ticketsurf, Todito Cash, Trade Interceptor, Transact Europe Payment, Trazus, TrustPay, Trustly, UAE Exchange, UPayCard, USD, Ukash, Unet, UnionPay, Unistream, Uphold, Verve, Vietnam Exchanger, Visa, VixiPay, VoguePay, Vouchers, Wallet One, WeChat, Web Based Trading Platform, WebMoney, WebPay, Webtrader, Western Union, Wire Transfer, Wirecard, Yandex, Yandex Money, Yemadai, YuuPay, Z-Payment, Zenith, cTrader, dinpay, eCard, eCheck, eKonto, ePay bg, ePayments Transfer, eToro Mobile Trading Platform, eToro Trading Platform, eTranzact, iPay, mPay, neteller, paysafecard, postepay, skrill, unichange.me
Full regulations list:

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.

Final Thoughts

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.

We use cookies to personalise content & ads, provide social media features and offer you a better experience. By continuing to browse the site or clicking "OK, Thanks" you are consenting to the use of cookies on this website.