7 best crypto staking platforms (2024)

Disclaimer: This page is not financial advice or an endorsem*nt of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.

Each year, we conduct a comprehensive review of crypto staking and rewards platforms. To arrive at these picks, we’ve compared more than 30 platforms on things like annual percentage yield (APY), how yield is generated, user experience, range of assets and risk mitigation tools.

Before you begin, it’s important to understand that crypto platforms generate yield in several different ways, each with different levels of risk attached. Any time you give up the private keys to your assets, you technically lose your ability to access them. Keep this in mind before lending them to a third party.

The following are platforms that can help you earn crypto via staking, lending and decentralized finance (DeFi).

Whether products shown are available to you is subject to individual provider sole approval and discretion in accordance with the eligibility criteria and T&Cs on the provider website.

Best crypto staking and rewards platforms of 2024

  • Nexo – Best platform (overall)
  • Kraken – Best for off-chain staking
  • Gate.io – Best for range of staking assets
  • Binance – Best for flexible staking periods
  • Crypto.com – Best crypto staking broker
  • Ledger Nano S Plus – Best hardware wallet for crypto staking
  • Aave – Best DeFi staking platform

Our selection of best global crypto staking platforms is updated by our editorial team throughout the year to reflect changes in the market.

We’ve chosen to spotlight platforms with sustainable yield protocols and transparent business practices, including how yield is generated, risk management and insurance. You can read our full methodology below. If we show a “Promoted” pick, it’s been chosen from among our commercial partners and is based on factors that include special features or offers and the commission we receive.

Keep in mind that these picks are suggestions and that the staking or rewards platform that is best for you will depend on your individual needs. There are other products on the market not included in our picks.

Staking vs. lending

Lending involves you depositing crypto to an exchange or platform’s lending pool. These assets are then lent out to borrowers at a fixed or variable rate. The platform keeps a commission for acting as a third party during this process, while you are paid out the remaining yield.

On-chain lending involves you lending your crypto tokens via a decentralized finance (DeFi) protocol. To do this, you’ll need to use a non-custodial wallet and know how to interact with a DeFi protocol.

Traditional on-chain staking involves locking up your cryptocurrency in a smart contract that is governed by the network’s proof-of-stake consensus. These assets are used by the blockchain to secure the network, confirm transactions and generate new blocks. New coins are distributed to stakers.

Off-chain staking differs from traditional staking in that it doesn’t involve direct interaction with the blockchain. Instead, you deposit your assets on an exchange or platform that acts as a middleman and stakes on your behalf. This is sometimes referred to as “staking-as-a-service”.

1. Nexo – Best platform (overall)

7 best crypto staking platforms (1)

Read review

Nexo Cryptocurrency Exchange

60+
Supported cryptos

3
Fiat currencies

  • Why we chose it

How yield is generated: Lending

Nexo offers competitive rates on major cryptocurrencies with industry-leading risk management, is suitable for both beginners and advanced users and comes complete with exchange features. That's why it's our pick for the best overall platform for earning yield.

While many lending platforms see rewards fluctuate over time – sometimes daily – Nexo's rates are relatively stable and you can easily estimate your returns using the website's yield calculator.

Another stand-out feature of the Nexo platform is its risk management practices. Over-collateralized loans mean that borrowers must deposit more funds than they borrow, which ensures that lenders take on minimal risk. Lenders are also covered by Nexo's insurance policy in the event of a hack, theft or loss of private keys.

As an incentive to increase your reward rate and balance limits, Nexo uses a tiered loyalty structure. In order to receive higher returns and balance limits, lenders are encouraged to hold a percentage of their portfolio in the NEXO token, which also generates yield.7 best crypto staking platforms (2)

Pros

  • Beginner-friendly platform with consistently competitive APYs
  • Earn yield on fiat deposits as well as crypto
  • Industry-leading security standards and insurance policies
  • Offers exchange services and a debit card for spending crypto
  • Enables you to take out loans against your crypto assets

Cons

  • Not available to US customers
  • Must hold a percentage of portfolio in NEXO to receive highest APY
  • Less yield-earning cryptos than some competitors
Deposit methodsBank transfer, Cryptocurrency, Credit or Debit Card
Deposit feesNone
Withdrawal feesNone (Blockchain gas fees apply)
Trading feesMaker: 0-0.3%
Taker: 0.08-0.4%

2. Kraken – Best for off-chain staking/staking-as-a-service

7 best crypto staking platforms (3)

Go to siteRead review

Kraken Cryptocurrency Exchange

220+
Supported cryptos

8
Fiat currencies

  • Why we chose it

How yield is generated: Off-chain staking

Kraken differs from many other staking platforms in that it mainly supports off-chain staking to generate yield.

Staking utilizes the blockchain's proof-of-stake consensus mechanism. By locking up eligible cryptos, node operators are helping to secure the network and in turn are rewarded when new blocks are generated.

To partake in this, you lend your assets to Kraken, and they stake them for you.

This method of generating a yield with crypto substantially reduces the counterparty risk when compared with other yield-generating products like lending.

Kraken currently supports on-chain staking for 19 cryptos and offers returns over 20%, which makes it our top pick in this category.

Launched in 2013, Kraken is one of the oldest cryptocurrency exchanges and has a strong focus on high-end security and legal compliance.

Unfortunately, Kraken can't offer its staking feature to US customers due to regulatory issues.
7 best crypto staking platforms (4)

Pros

  • No waiting or bonding periods
  • Payouts twice weekly
  • No fees or fixed lock-up durations
  • Staking available via the Kraken website or mobile app

Cons

  • Stopped staking service in the US in February 2023 and facing regulatory scrutiny in other markets
  • Fewer cryptos available for staking than competitor lending services
  • ETH staking is more complicated and can result in admin fees and waiting periods
  • Lower rewards than running a node yourself because Kraken takes a commission
Deposit methodsBank transfer, Credit card, Cryptocurrency, Debit card, Apple Pay, Google Pay, SWIFT
Deposit feesFees vary
Withdrawal feesFees vary
Trading feesMaker: 0.00-0.16%
Taker: 0.10-0.26%

3. Gate.io – Best range of assets and earning options

7 best crypto staking platforms (5)

Go to siteRead review

Gate.io Cryptocurrency Exchange

1600+
Supported cryptos

8
Fiat currencies

  • Why we chose it

How yield is generated: Varies

Gate.io is our stand-out in this category thanks to the multiple earning products and range of assets it offers. Popular Gate.io earning products include:

  • HODL & Earn. Subscription to a pool requires locking up your crypto for 7–14 days. APRs range from 0.5% to 1.5%.
  • Single-asset vaults. Lend your crypto to borrowers and earn a percentage reward for doing so. Single-asset vaults support hundreds of coins and tokens and APRs of +150% are not uncommon.
  • Dual currency liquidity mining. Gate.io offers liquidity mining on hundreds of trading pairs. Centralized exchange liquidity pools work in much the same way as on DeFi exchanges. Liquidity mining carries the risk of impermanent loss and this should be carefully considered when calculating APRs – higher return rates equate to a higher chance of impermanent loss.

Gate.io also features cloud mining, dual currency products and copy trading.7 best crypto staking platforms (6)

Pros

  • Multiple ways to earn with a range of low- and high-risk products
  • Hundreds of cryptos supported for single-asset vaults and dual currency liquidity mining
  • Opportunities to earn on low-cap cryptos
  • No DeFi knowledge required
  • No need to use a non-custodial wallet

Cons

  • Not available to US customers
  • Popular HODL & Earn pools can sell out quickly
  • Liquidity pool APRs fluctuate daily and can be volatile depending on fund utilization rate
  • Liquidity mining carries the risk of impermanent loss
Deposit methodsBank transfer, Credit card, Cryptocurrency, Debit card
Deposit feesNone
Withdrawal feesFees vary
Trading feesMaker: 0.30%
Taker: Varies
Advanced Trading FeaturesYes

4. Binance – Best for flexible staking periods

7 best crypto staking platforms (7)

Go to siteRead review

Binance Cryptocurrency Exchange

370+
Supported cryptos

71
Fiat currencies

  • Why we chose it

How yield is generated: Varies

The option to choose between short- and long-term lock-up periods makes Binance our top pick for flexible staking.

Binance supports staking on 350+ cryptocurrencies and offers attractive APRs on some tokens. Staking durations range from 7–120 days and require low minimum token balances to start earning. Keep in mind that staking durations differ between tokens and pools can sell out at Binance's discretion.

If you choose to remove your funds before the lock-up period ends, your assets will be refunded into your Binance spot account. Early redemption will result in the APR accrued being deducted from your initial investment.

DeFi staking is also supported. This is the process in which Binance, by proxy, stakes your assets in on-chain yield earning pools. Binance's DeFi staking works in a similar manner to its traditional staking services. However, Binance claims it will 'not assume liability for any losses incurred due to project on-chain contract security issues'.7 best crypto staking platforms (8)

Pros

  • 350+ coins and tokens supported for staking
  • DeFi staking supported
  • Low minimum token balance required
  • Lock-up durations of 7 to 120 days
  • High yield rates

Cons

  • Not available to US customers
  • Early redemption results in a loss of yield accrued
  • Staking pools can sell out
  • Binance is not liable for losses incurred in DeFi staking pools
Deposit methodsBank transfer, Credit card, Cryptocurrency, Debit card, P2P
Deposit feesNone
Withdrawal feesFees vary
Trading fees0-0.1%
Advanced Trading FeaturesYes

5. Crypto.com – Best staking broker

7 best crypto staking platforms (9)

Read review

Crypto.com App

★★★★★

Finder score

370+
Supported cryptos

31
Fiat currencies

49
States supported (incl. CA, FL, HI, TX)

  • Why we chose it
  • States supported

How yield is generated: Off-chain staking

Crypto.com offers staking APRs on dozens of popular cryptocurrencies. This wide range of assets with flexible length lock-ups and an easy-to-use app make Crypto.com our pick for the best crypto staking broker.

Crypto.com offers staking deposit durations of 1 and 3 months, as well as a flexible term option. Rewards are paid out in the same currency that you used to stake and are transferred to your crypto wallet every 7 days.

Rewards are calculated based on a tiered loyalty structure – you must stake a certain amount of Crypto.com's native coin, CRO to receive the highest APR. You can estimate your rewards through the website's earn calculator.7 best crypto staking platforms (10)

Pros

  • Easy-to-use app
  • Earn staking rewards on dozens of cryptos
  • Rewards paid weekly to your Crypto.com wallet
  • Flexible staking durations

Cons

  • Tiered structure. Less CRO staked equates to a lower APR
  • Desktop support not available
Deposit methodsBank transfer, Credit card, Cryptocurrency, Debit card, PayPal, Wire transfer, Apple Pay, Google Pay, SWIFT
Deposit feesNone
Withdrawal feesCryptocurrency: Fees vary
Trading feesMaker - 0-0.075%
Taker - 0.05-0.075%

AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY

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6. Ledger Nano S Plus – Best staking wallet

7 best crypto staking platforms (11)

Go to siteRead review

Ledger Nano S Plus Wallet

★★★★★
Finder score

$79
Price (USD)

5,500+
Assets

Hardware
Wallet type

  • Why we chose Ledger

How yield is generated: On-chain staking
The Nano S Plus supports on-chain staking for 9 cryptos via the device's native software — Ledger Live.

Staking via a hardware wallet is one of the safer ways to earn yield on your crypto. That being said, Ledger experienced a hack in 2023 which led to the draining of funds from users who used their Ledger device to stake crypto assets with the help of a decentralized app (dapp), which are popular in DeFi.(22)(23)

This additional layer of security, in combination with a wide range of yield-earning cryptos to choose from, makes the Ledger Nano S Plus our choice for best staking wallets.

Ledger's native software — Ledger Live — is an all-in-one solution that allows you to stake a modest range of cryptos through a single interface. You will need to use third-party apps to access staking features for the full range of cryptos supported by the Nano S Plus. 7 best crypto staking platforms (12)

  • Earn yield while knowing your crypto is secured in cold storage
  • Stake directly through your favorite project's software wallet, or via Ledger Live
  • Safely store all of your digital assets in one location
  • Rewards paid directly into your Nano S Plus wallet
  • List of yield-earning cryptos is not as comprehensive as some exchanges or wallets
  • On-chain staking can require a more advanced knowledge than a simple 'click-to-earn' platform
  • Management and security of staked assets falls on you as the owner of the wallet

7. Aave – Best DeFi lending platform

  • Why we chose Aave

How yield is generated: On-chain lending

Aave lets users make the most of decentralized finance while keeping things simple. That’s why it’s our top pick for DeFi lending.

Aave’s lending platform allows users to deposit cryptocurrency into the Aave Liquidity Protocol. These assets are lent to borrowers in the form of a “crypto loan”. Borrowers pay a stable or variable rate, of which Aave keeps a percentage, while the remainder is paid to lenders at an algorithm-decided APY.

Aave differs from many DeFi platforms in that it doesn’t support liquidity pools, but instead single-asset lending. This makes it one of the more simple DeFi protocols, as it can be used by lenders looking to earn yield without having to worry about impermanent loss.

It does this using a process known as collateralized lending. In order to borrow, you must first supply an asset to be used as collateral. Any supported crypto can be used; however, if a liquidation threshold is reached, your assets will be sold and returned to lenders. This entire process is secured by smart contracts to ensure that lenders never end up out of pocket.

How to stake AAVE

Pros

  • Single asset lending – no impermanent loss
  • 7 blockchains supported in V3
  • Collateralized lending
  • Consistently ranked top 3 Ethereum-based DeFi protocols by total value locked (TVL)
  • No fixed-length loans

Cons

  • APY lowers as utilization rate increases
  • Fewer coins and tokens supported than some competitor DeFi platforms
  • Staking only available for native AAVE token

What is a crypto staking platform?

Crypto staking platforms let you deposit your digital assets with them in exchange for rewards.

This reward – or yield – can be generated via staking, lending or through DeFi. Some services may even use a combination of these methods to provide you with yield. Each method has its own unique risk profile, so it’s important to understand how each works before you decide which platform is right for you.

On-chain staking

This involves locking up a blockchain’s native coin which is then used in proof-of-stake (PoS) consensus to secure the blockchain. Staked funds are used as collateral, which allows the staker to act as a network validator: confirm transactions, secure the network against malicious nodes and generate new blocks. In return for providing these services, the staker is rewarded with freshly minted coins.

On-chain staking is considered a relatively safe way to earn yield. This is because the process is largely automated and validators are motivated by rewards to ensure everything goes smoothly. But, if they do the wrong thing or make a mistake, they can receive a slashing penalty in which a portion of the collateral is lost.

Dive deeper into crypto staking

Lending

Crypto lending involves asset holders lending coins or tokens to a platform for a fixed or variable period of time. These assets are aggregated and made available to borrowers who pay a fee. This fee is then paid as an annual percentage yield (APY) to lenders.

Many crypto trading platforms now support crypto lending and offer competitive returns for lending your unused assets. The most important thing to understand when lending crypto is the platform’s collateralization model.

Collateralization refers to the amount of capital a borrower has to deposit as collateral, in order to take out the loan. Over-collateralized loans are preferable as they require the borrower to deposit more funds than they are borrowing, which substantially reduces the risk profile for lenders.

Our complete guide to crypto lending

DeFi

Decentralized finance involves using blockchain applications to emulate many of the complex financial services found in traditional finance. At a glance, it can seem quite daunting. However, if responsibly used, it can provide a useful tool for passive income. While DeFi yield earning opportunities are vast, one of the most popular is liquidity mining.

Liquidity mining involves depositing two or more cryptos into a liquidity pool. This liquidity is made available for users of the platform to perform swaps and trades. By doing this you are acting as a liquidity provider (LP). Traders pay fees to use the pool which are distributed as APY to LPs.

Before acting as an LP, it is important to thoroughly understand impermanent loss and the role that this plays in your yield earning potential.

DeFi explained

How to choose the best platform for crypto staking rewards

It’s important to research a wide range of platforms and compare the pros and cons of each option. The best crypto staking platform for you depends on what you’re looking for.

  • Bigger is not necessarily better when it comes to staking. Many obscure coins are highly volatile in price, which may eliminate any gains received from staking. Likewise, high APYs can be a red flag, suggesting that the yield is unsustainable or that the coin has a high inflation rate.

    As such, some platforms offer a small range of coins with modest yields. This is typically because it has opted for quality over quantity and chosen coins it expects to offer more sustainable rewards with less volatility. Opt for a platform that supports the assets you already own and generates yield in a way you think is sustainable and within your risk tolerance.

  • Yields are distributed in two ways: fixed and variable. Fixed APYs are decided by the platform at the time staking is initiated and do not vary during the length of the lock-up period.

    Variable rate APYs can fluctuate depending on a variety of factors including market conditions and whether or not the assets are being utilized (lent to borrowers). While some staking pools will show daily APYs with rates of 100%-plus, this can quickly drop. Our lending calculator gives a 30-day average to help you more accurately forecast your income, as many sites only display the current rate, which for variable APY products can change quite a bit over the course of a month.

  • Lock-up periods vary from platform to platform. Some offer anytime withdrawals and flexible staking durations, while on other platforms you must commit to a certain length of time and even risk penalties or loss of accrued yield for early withdrawals. Typically, longer lock-up periods equate to a higher projected yield rate.

  • Yield is generated through a variety of ways including lending, staking and liquidity mining. Each yield-earning stream has benefits as well as drawbacks.

    On-chain staking and lending are typically lower risk than liquidity mining; however, returns may not be as lucrative. While some DeFi pools offer triple-digit returns, you should make sure you thoroughly research how they work and the risk associated with acting as a liquidity provider.

  • Staking platforms offer a variety of payout options. Some pay daily or weekly yield that can be optionally reinvested. Others have a fixed duration lock-up and by default compound your returns until the lock-up period ends.

  • Yield earning can be a complex topic, especially when it comes to DeFi. Many platforms have tried to simplify the process and offer a user-friendly experience. If you’re ever uncertain, it’s best to take it slow and get your head around it first. Many platforms have FAQ pages and even video tutorials to support.

  • DeFi is the traditional way of earning yield on-chain. However, topics such as yield farming and liquidity pools can be confusing and risky. CeFi platforms aim to bring the benefits of decentralized finance to investors in a more accessible way, but do come with their own set of risks attached.

  • With hacks, scams and loss of assets common in the crypto space, security should be closely considered before staking or lending your assets. Check the licenses and registrations relevant to the platform as well as how your crypto is stored. Offline, cold storage is preferable as it is less vulnerable to hacks. When interacting on-chain and through DeFi, make sure you properly secure your private keys and double-check all Web3 wallet transactions.

  • Lending platforms operate under models with different risk tolerances.

    • Under-collateralized lending is a high-risk model that counts on the platform generating profits on your assets. If this doesn’t happen, the company is prone to liquidation and potential loss of investor funds.
    • Over-collateralized loans are preferable as they offer a much lower risk to lenders. Borrowers need to deposit an amount of collateral that is larger than the size of the loan. This protects lenders from the borrower defaulting. For instance, a borrower might have to deposit $1,000 worth of assets to borrow $500. Collateralisation is specific to lending and not applicable to staking or liquidity mining.
  • While some centralized exchanges now offer some level of insurance, they all have different policies – many of which don’t cover earning protocols. Insurance and regulation is especially uncommon in DeFi, so always read the fine print.

  • Staking platforms and exchanges typically take a cut for using their services, although this is rarely disclosed. Many claim to charge no fees for staking, but are likely taking a portion of the revenue before passing the remainder on to you.

    So, while staking through third-party platforms can be a more beginner-friendly option, it’s worth noting that you can potentially cut down on fees by going straight to the source and staking or lending on-chain, if you’re willing to learn how and take on the added risk.

How to use a crypto staking platform

Before depositing assets into a staking or lending platform, you should follow a few simple steps to help build an investment strategy:

  1. Deposit funds. Deposit the asset/s that you intend to invest. Depending on the platform, deposits can be made using fiat or cryptocurrencies.
  2. Decide on a variable or fixed yield. Variable rates fluctuate based on market conditions and can be hard to calculate over a long period of time. Fixed rates make estimating your returns over a certain period of time a lot simpler. Some platforms even offer a yield earning calculator.
  3. Select a lock-up duration. Longer lock-up periods often equate to an increased percentage yield. However, consider what crypto you’re holding before committing long term. If you aren’t confident in the project or may need to access your funds at short notice, an anytime withdrawal option is probably best.
  4. Collect your yield. Some providers distribute your yield on a daily or weekly basis and allow you direct access. Other platforms will auto-compound your returns, reinvesting and increasing your deposited funds until the contract comes to a close. Keep in mind that although some providers distribute yield on a regular basis, they will deduct this from your initial investment for contract breaches such as early termination.

Risks of staking on a crypto platform

There are always risks associated with investing, and crypto staking and lending pools are no exception. Be aware of the risks involved and how best to mitigate them:

  • Counterparty risk. Counterparty risk is the chance that a company may default on its contractual obligations. If a platform experiences a financial default, you may lose some or all of your funds. Counterparty risk can be minimized by choosing to earn yield through staking, rather than lending, or choosing a lender with an over-collateralized model. Look for a platform with an insurance policy to cover such events, or transact on-chain with DeFi.
  • Yield rates. APYs vary drastically from platform to platform. If you notice a return rate that is “too good to be true”, take the time to understand how and why that rate is offered. Whether it’s a risky project or involves impermanent loss, there is often a reason why such incredible rates are being offered.
  • Price volatility. Cryptos are inherently volatile. When planning your staking or lending, take into consideration how your assets might move. If you’re confident in holding your cryptos long term, locked staking or lending might be a suitable way to build up your balance. For higher-risk investments that you might want to sell, a variable-term, early withdrawal option is usually best.
  • On-chain earning. Staking and lending directly on-chain requires a solid grasp of how to use non-custodial wallets and make blockchain transfers. If you make a mistake along the way, there is no customer support on offer and all transactions are final. Incorrect usage can result in lost funds.
  • Under-collateralized lending. Under-collateralized lending is a high-risk method that counts on the exchange generating profits. If it fails to do so, you’re at risk of losing all of your assets.
  • Tax may apply. It may come as a surprise, but crypto transactions made on-chain or through an exchange are generally considered taxable events. Make sure you’re aware of your local tax agency’s treatment of cryptocurrencies, consider tracking your transactions with dedicated crypto tax software and consult a financial advisor if you’re unclear.

Methodology

We reviewed data from 30 different cryptocurrency staking and lending platforms to identify the best services globally. When assessing each platform, we looked at:

  • Source of yield. How yield is generated is a large point of difference between providers, and various methods have different consequences in terms of risk.
  • APYs. Bigger is not always better when it comes to yield rates. We rewarded providers that showed sustainable and low-risk sources of yield.
  • User experience. We took a hands-on approach and used each of the platforms reviewed to get an idea of ease-of-use and all-round user experience.
  • Transparency. We rewarded businesses that were transparent about their business practices, including how yield is generated, risk mitigation and insurance policies.
  • Counterparty risk. What liabilities the company has, particularly in regards to what risks user assets are exposed to in order to generate yield, was our main criteria in this section.
  • Regulatory environment. We considered where the business is based and what regulations it complies with at home and aboard.
  • Number of assets. We reviewed the number and quality of digital assets on offer.
  • Security. We factored in the platform’s security practices as well as its historical track record for things like hacks or data breaches.

Bottom line

There are lots of ways to put your cryptos to work and potentially earn attractive rewards for doing so.

Risk tolerance is the biggest thing to consider when you’re deciding on the best place to stake your crypto. Traders looking for higher risk and higher rewards may be more inclined to delve into the world of DeFi. Those happy to earn consistent and relatively stable returns might opt for on-chain staking or a crypto lending platform with a sound insurance policy and lending model.

While there is no perfect way to earn yield on your crypto, proper planning and research can help you build a solid investment plan, take confidence in your strategy and let your assets do the work for you.

Frequently asked questions

  • Investing of any kind has associated risk. Before staking or lending your cryptos, it is best to thoroughly research how the yield is generated, who is behind the project and what security measures or insurance policies are in place.

    It's a good idea to check whether the staking platform you're researching is registered with your local regulator as well, as this means it's required to comply with local anti-money laundering (AML) and counter-terrorism funding (CTF) laws.

  • Staking and lending crypto is a unique way to get your digital assets working for you. Periods of negative market growth can sometimes even be counteracted through high-yield earnings.

    Whether staking is worth it comes down to individual preference and your personal risk profile. If you're holding cryptos long term, passive returns can be one way to increase your account balance.

    If you're an experienced investor confident with short-term trades, hedging and yield farming, long-term lock-ups and centralized staking may not be as attractive.

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circ*mstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

Whether products shown are available to you is subject to individual provider sole approval and discretion in accordance with the eligibility criteria and T&Cs on the provider website.

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7 best crypto staking platforms (26)

To make sure you get accurate and helpful information, this guide has been edited by Moira Daniels and reviewed by Frank Corva, a member of Finder's Editorial Review Board.

7 best crypto staking platforms (27)

Written by

Billy Endres

Cryptocurrency writer

Billy Endres was a cryptocurrency writer for Finder. His background in software development helped open the door to the world of decentralised technologies, financial markets and technical writing. See full bio

Billy's expertise

Billy has written 11 Finder guides across topics including:

  • Web3 and decentralised technologies
  • Front-end development
  • Cryptocurrency futures trading and technical analysis
  • DeFi and on-chain analysis
7 best crypto staking platforms (28)

Co-written by

James Edwards

Editor

James Edwards was the global cryptocurrency editor at Finder. He coordinates a distributed team of journalists to help further Finder's mission of helping people make better financial decisions. He has been using Bitcoin since 2013 and began working in the industry in 2017. He takes pride in boiling down complex topics into language his parents can understand.His expertise has seen him called on to report at events such as TechCrunch Disrupt, CoinDesk Consensus and IBM Think and has coordinated a vast number of high-profile interviews with the industry's brightest minds.He is a regular contributor to Nasdaq, The Street and is frequently called upon for market commentary in Australia and abroad. See full bio

7 best crypto staking platforms (2024)
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