Staking Crypto: Top Coins to Stake in Trust Wallet 2024 (2024)

Staking

Published on: Jan 5, 2024

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In Brief

Explore top staking coins like Solana, Tron, and more with Trust Wallet 2024. Securely stake & earn rewards directly in the wallet for optimal portfolio growth.

Crypto staking allows you to grow your portfolio while helping secure blockchain networks for everyone. Top staking options in Trust Wallet include the following:

• Solana (SOL)

• Tron (TRX)

• Cosmos (ATOM)

• Terra Classic (LUNC)

• Kava (KAVA)

• Cardano (ADA)

Below, you can learn about each of these crypto assets and how they fit into their respective networks, but first let’s take a quick look at what staking is, and how you can do it using Trust Wallet.

What is Staking?

Staking is a process where users support a blockchain network's operations, including transaction validation and network security, by locking or "staking" their cryptocurrencies. It's a common feature in proof-of-stake (PoS) or delegated proof-of-stake (dPoS) networks. By contributing their tokens to the network's functionality, participants help maintain and secure the system and are rewarded with staking returns, similar to earning interest.

Trust Wallet simplifies this process by offering over 20 in-wallet staking options, allowing users to stake various cryptocurrencies directly within the wallet without navigating complex decentralized applications (dApps) or leaving the wallet's interface. This makes staking more accessible and streamlined, providing an easy way to contribute to your favorite networks while potentially earning rewards.

How Do I Stake Crypto Using Trust Wallet?

Before you stake, be sure that you get the most up-to-date version of Trust Wallet.

Next, if you don’t have any of the stakeable assets in your wallet you can either deposit crypto using the “Receive” button, or buy crypto directly using Trust Wallet.

Now you’re ready to stake and earn rewards. Staking can be done in just a few steps, and here’s how.

Note: Below we’ll use staking Solana (SOL) as the example, but the process is generally the same for each asset.

• Select the “Earn” button from the wallet home screen.

• Select the asset you want to stake, in this example it’s “SOL”.

• Select “Stake”.

• Choose the amount you want to stake and choose the validator you want to use by selecting the Validator dropdown.

• Once you choose a validator, select “Continue”.

• Follow the remaining instructions to confirm your stake.

Learn more about the top staking options in Trust Wallet

Now that you know what staking is, and how to do it using Trust Wallet, let’s have a look at what each of these staking coins is.

Solana (SOL)

Solana is a high-performance blockchain supporting decentralized apps and crypto-currencies. It's known for its speed and efficiency, attributed to its unique consensus algorithm. The SOL token is used to pay for transaction fees and for staking as part of Solana's security mechanism. Solana aims to improve blockchain scalability and speed without sacrificing decentralization.

Tron (TRX)

Tron is a decentralized entertainment and content-sharing platform that aims to eliminate the middleman between content creators and consumers through blockchain technology. The TRX token is the native currency within the Tron network, used for voting rights, paying for services, and incentivizing content creators. It aims to create a more democratic internet, where users have ownership and control over their data.

Cosmos (ATOM)

Cosmos is known as the "Internet of Blockchains," aiming to create a network of interoperable blockchains. The ATOM token is used for governance and transaction fees within the network. Cosmos enables different blockchains to communicate with each other, preserving their sovereignty while ensuring security and scalability. ATOM holders can stake their tokens to maintain the network's integrity and participate in governance decisions.

Terra Classic (LUNC)

Terra Classic is a blockchain platform that focuses on stable digital currencies, or stablecoins. LUNC, formerly known as LUNA, is the native token, serving as collateral for the platform's stablecoins and for network governance. Although the network faced significant challenges, LUNC is integral for maintaining the Terra Classic ecosystem and incentivizing validators.

Kava (KAVA)

Kava is a decentralized finance (DeFi) platform offering collateralized loans and stablecoins to users of major cryptocurrency assets. The KAVA token is used for governance, staking to secure the network, and as a reserve currency for the platform. Kava aims to combine the speed and interoperability of blockchain with the security and reliability of traditional financial services.

Cardano (ADA)

Cardano is a blockchain platform built on a peer-reviewed research foundation, aiming to provide more secure and sustainable smart contracts and decentralized applications. The ADA token is used for network operations, including transaction fees and governance. Cardano emphasizes a research-driven approach to design, striving for efficiency, scalability, and interoperability in the blockchain space.

Start Staking With Trust Wallet

As we've explored, staking is more than just a way to earn rewards; it's a commitment to the security and functionality of blockchain networks. With Trust Wallet, you have access to over 20+ in-wallet staking options, making it easier than ever to contribute to your favorite networks and watch your portfolio grow.

Whether you're interested in the fast-paced world of Solana, the decentralized web of Tron, or any of the other robust networks like Cosmos, Terra Classic, Kava, or Cardano, Trust Wallet provides a secure, straightforward platform for your staking needs.

Get Trust Wallet, and start earning staking rewards now.

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Note: Any cited numbers, figures, or illustrations are reported at the time of writing, and are subject to change.