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Top 9 Highest APY Crypto Staking Platforms

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Cryptocurrency has restructured the world of finance, which has presented several profitable approaches that investors can explore to invest and grow their cash. Staking crypto is one of the most popular options out there with an attractive yield, investors love generating passive income and staking has provided the opportunity to generate interest income from the crypto that you own. In this article, we’ll discuss the highest APY crypto staking platforms that are available for investors to enjoy passive income. 

Highest APY Crypto Staking Platforms:

Staking crypto is a risky version of savings or fixed-term deposit accounts. Crypto staking is a process of getting your crypto frozen for some time in order to earn rewards after the lockup period. Staking has the potential of generating interest income from the tokens that you own. By staking you help support the blockchains that run cryptocurrencies. When you are staking, it is essential to use a platform that gives high APY, if you are not going to be utilizing your crypto, you need to make sure that you earn high rewards for it.

Following are some of the highest APY crypto staking platforms. 

  • Bybit:

bybit - Highest APY Crypto Staking Platforms

Image source: https://www.bybit.com/en-US/

This is a top-notch crypto exchange platform that is providing a yield of up to 545%. By staking your crypto on their platform, you can earn via a procedure called “ByBit Earn”, which features over 30 tokens

Generally, the longer the lock-in duration is, the higher the yield will be. Bybit allows traders to maximize their returns, it has incorporated an “Auto-Earn” option which allows the transfer of eligible cryptos to the earn mechanism automatically.

The flexible terms come with daily yields that are automatically deposited into your account. It’s one of the most flexible staking options in the crypto-verse.

Pros                                                                               Cons
Some tokens give a yield of above 500% The setup might be hard to understand for beginners
Yield is accrued daily
Auto-Earn feature
  • Binance 

binance - Highest APY Crypto Staking Platforms

Image source: https://www.binance.com/en

Considered by many as the greatest crypto exchange platform, Binance supports over 100 staking tokens. The platform provides two kinds of staking options; locked and flexible. Since its credibility is very high, even new investors aren’t hesitant with utilizing this platform for staking cryptos.

The locked staking method holds the user’s funds for a minimum of 30 days, but some tokens can be staked for 10 or 15 days. They come with a higher annualized percentage yield and are generally considered more secure.

Granted, it’s not the highest APY crypto staking platform but it offers features that other sites don’t. Binance’s ETH 2.0 staking option allows you to receive rewards and redeem BETH tokens for ETH.

Pros Cons
Low fees when trading crypto ETH 2.0 rewards are redeemed in BETH, not ETH.
Both flexible or fixed lock-in periods are available
Rewards are earned on daily-basis
High credibility 
  • eToro

eToro - Highest APY Crypto Staking Platforms

Image source: https://www.etoro.com/

This staking platform is considered by many investors to be the best in regards to producing high APY. It’s one of the world’s most highly-respected brokers, working with over 30 million users all around the world. This platform provides a low trading fee, so the burden isn’t transferred onto the investors carrying out transactions. When you entrust eToro with your token, you are presented with a range of options, such as automatic staking.

The share of any staking rewards generated will depend on the status of the user. Diamond and platinum users will receive the higher end of 90% of the staking rewards. A fee of 1% is usually charged on trading orders, more than 80 altcoins can be found on the site. However, payments in the US are fee-free.

Pros                                                                               Cons
No lock-in periods Only three cryptos are available on the platform to stake
Regulated by the SEC
Only a 1% transaction fee
A free crypto wallet app
  • Coinbase

coinbase -Highest APY Crypto Staking Platforms

Image source: https://www.coinbase.com/

It’s one of the most easy-to-use crypto exchange platforms, the staking process is very easy to follow and is offered through the “Earn” tab. Though it is considered by many as a great staking platform, Coinbase does charge an unusual commission fee of 25%. By providing you with an easy-to-use platform, they charge 25% of the staking rewards but there is no minimum staking limit.

Coinbase supports more than 119 tokens and it allows traders on their platform to opt out at any time, the platform also offers an attractive feature called “Cloud Staking” which lets users keep complete ownership of their assets while aiding secure networks.

Pros Cons                                                                                        
User-friendly staking process KYC requirements to sign up
A minimum amount of $1 for staking 25% commission fee
Offers APYs of above 600% in certain circumstances
  • Nexo

nexo - Highest APY Crypto Staking Platforms

Image source: https://nexo.com/?t=banner

The platform offers competitive rates on popular cryptocurrencies with industry-leading risk management, it’s a user-friendly website that works for beginners and experienced investors as well. The rates offered by the site remain relatively stable and the returns can easily be calculated using the site’s yield calculator. This is perhaps the best option for those looking for great DeFi interest rates.

The site gives the option of earning rewards either “in kind” or NEXO. An additional yield of 2% can be earned by choosing the latter option. The risk management practices of the site are praised by many traders, over-collateralized loans ensure that lenders take on minimal risk as borrowers will need to deposit more funds than they borrow. As an incentive to increase your reward rate, the platform offers a tiered loyalty structure.

Pros Cons
Daily payouts No regulation in the US
Higher yields
No maximum staking limit
Additional rewards offered
  • Kraken

kraken - Highest APY Crypto Staking Platforms

Image source: https://www.kraken.com/

In addition to competitive yields, the platform offers to pay staking rewards bi-weekly. Usually, beginners tend to avoid Kraken and advanced investors are encouraged to use this platform for staking. As the Kraken Pro offers several advanced trading tools which beginners can’t easily comprehend. 

The site offers over 200 crypto assets and yields of up to 24% annually. The pro version of the site offers a handy visualization graph highlighting the staking rewards investors will earn over time.

Pros                                                                                  Cons
Staking rewards of up to 24% per year Can only be accessed through the pro version of the platform 
Regulated by internal/external audits
Payouts twice per week
14 crypto tokens on the site
  • OKX 

okx - Highest APY Crypto Staking Platforms

Image source: https://www.okx.com/

Voted by many as the best-decentralized exchange platform, this platform offers trading on more than 340 major cryptocurrencies. The staking platform is incorporated right into the exchange and is user-friendly. The platform has a staking option for ETH 2.0, which is utilized by both beginner and advanced users to participate in the network’s validation.

The minimum amount to start is just 0.1 ETH, rewards can be earned based on the on-chain locking amount which has a varying percentage between 5% to 20%. Saving accounts are also featured on the website that can be utilized to earn up to 250% APY for certain tokens.

Pros Cons
Staking rewards between 5% to 20% Rewards are earned in BETH, not ETH
A dedicated ETH 2.0 staking service
Additional rewards via airdrops
Payout on a daily basis
  • Aave

aave - Highest APY Crypto Staking Platforms

Image source: https://aave.com/

This platform allows you to make the most out of decentralized financing. For DeFi lending it is considered one of the best sites out there. The lending platform allows investors to invest cryptocurrency into the liquidity protocol. The site provides a compatible wallet and some native tokens that are necessary for the staking process.

The yield range varies but generally, a 12% yield along with some additional rewards can be earned.

Beginner investors are usually worried about the impermanent loss, but because Aave supports single-asset lending, users don’t have to worry about that loss. The exact yield depends on the number of tokens staked and the period they’re staked for.

Pros Cons
Smart yields of above 12% per year Contains a cooldown period when unstaking
Insured by Nexus Mutual
Fully-decentralized
  • Crypto.com

crypto.com - Highest APY Crypto Staking Platforms

Image source: https://crypto.com/

It’s a well-known exchange platform that is appreciated by both beginner and advanced investors. The staking feature allows investors to stake over 20 crypto assets. It offers the lowest trading commissions in the industry, by charging a commission of just 0.075%. Tokens that aren’t based on POS protocols can be staked on this platform, increasing the choices available to users. 

It offers staking deposit durations of 1 and 3 months, rewards are paid every week. CRO is the native token of the platform. By locking up over $50,000 worth of CRO, investors can earn up to 5% more staking rewards.

Pros Cons
High staking rewards on both coins and stablecoins High necessities to become a private user
Both flexible and fixed staking periods
Native token holders earn a higher yield
Supports a ton of tokens

Conclusion:

In short, the above-mentioned platforms are considered the best crypto-staking platforms, by offering a simple and profitable opportunity to investors they have solidified their position at the top. Crypto assets are a highly volatile investment product and as such no decision should be taken without proper research.

All investors are highly advised to carry out their research before using any of the above-mentioned platforms for staking. Although, these platforms have been known to give the highest yield and no such incidents have taken place where investors have lost huge amounts of money by using these platforms to stake tokens. Still, it is best to carry out your research before you invest anything. Nevertheless, people have made a tremendous amount of money by using these platforms to stake tokens and now seems like the best time to start staking and earning rewards.

Also checkout the best crypto you should buy right now that will give you long term benefit!

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