Cryptocurrencies becoming mainstream has given rise to more than a few crypto staking platforms. The best crypto staking platforms among them offer the perfect blend of high annual percentage yields (APYs) and good security features.
The prospect of merely holding crypto and generating gains has become very valuable, especially now since the market has become increasingly volatile. Some of the best options offer APYs ranging from 5% to 20%, and even many new crypto presales have come with this option.
However, this guide will focus on up and running projects with robust staking facilities. Some exchanges offer unique earn programs, others offer chain staking through wallets, and there are also programs that focus exclusively on staking.
Summary
Best Crypto Staking Platforms – Top 5 List
Best Wallet
Best Wallet is a multi-utility wallet offering wallet-based on-chain staking featuring industry-high APY through the Best Wallet ecosystem. The staking options available on this platform are diverse thanks to Best Wallet’s integration of over 60 cryptocurrencies.
Accessing the staking perks on this platform is a simple matter of opening the mobile app, going to the apps menu, and selecting staking. Multiple cryptos are available for staking, offering high yields ranging from 5% to 20%.
That said, Best Wallet’s staking perks aren’t limited to what is provided on the platform. It also offers a link to RocketPool and Lido, allowing investors to engage with more nuanced forms of staking opportunities.
These features are complemented by top-tier security features that include both 2FA and crypto fund insurance through FireBlocks. FireBlocks also allows investors to use Best Wallet without having to use a passphrase. Accessibility is simple using an email and phone number.
In addition to staking and standard wallet functionalities, Best Wallet also acts as a crypto trading platform, enabling users to buy and sell crypto using fiat. There is also a token launchpad featured on the website, allowing users to invest in crypto ICOs.
That said, since the wallet is decentralized and is powered by a DAO crypto known as BEST, many of the features listed on the website are being steadily introduced. This means that more staking options could open in the future.
Due to these features, Best Wallet has been called the best cryptocurrency wallet by the likes of ClayBro, a prominent YouTuber with over 100K followers. These are just a few of the reasons why Best Wallet is one of the best crypto staking platforms on the market.
Ankr
Ankr is another one of the best crypto staking platforms on the market thanks to its versatile and dedicated approach to staking. The key feature that makes it enticing to most cryptocurrency investors is Liquid Staking. With Liquid Staking, users can stake their tokens and receive liquid staking tokens in return. Maintaining a 1:1 ratio with the staked assets, these tokens can be utilized in various DeFi ecosystems for additional rewards.
Ankr also provides delegated staking, suitable for those not wanting to manage validator nodes themselves. Those using delegated staking can monitor the validators using a simple UI, which makes it suitable for beginners.
Additional features of Ankr include a Parachain Crowdloan, which is enabled within the Polkadot ecosystem. Users can contribute crypto to support specific projects that are vying for a parachain slot and earn rewards in return.
At the time of writing, cryptos available for liquid staking include Ethereum, Flow, Avalanche, BNB, Polkadot, and Sui, offering Annual Percentage Returns (APRs) ranging from 2.5% to 8.9%. Only two cryptos are available for delegated staking, however, and they are ANKR and GNO.
Uphold
Uphold is also one of the best crypto staking platforms in the world that offers upwards of 14.4% on your staked crypto. The staking approach on this platform is also simple, requiring users only to select the stake options for their stored crypto.
At the time of writing, 19 cryptocurrencies can be staked on the platform. The highest staking reward is for staking Cosmos at 14.4%. The minimum staking reward is for staking Hedera, which only offers 0.1045% rewards.
According to Uphold, these rewards are given to people on a weekly basis and are paid in terms of the crypto that has been staked. For example, those who stake Cosmos will receive staking rewards in terms of Cosmos only.
Like most crypto staking platforms, the rewards vary depending on the chain. However, factors like network demand and activity can also influence the APYs.
While the main options for staking on this platform involve locked staking, Flexible staking is also available here.
That being said, there is a fee associated with staking. Uphold clearly states that it takes 20 to 25% commission based on the asset being staked.
Margex
Referring to itself as a crypto trading boutique, Margex is another top crypto staking platform offering daily interest on crypto. According to the official website, you can earn interest on Bitcoin, Ethereum, USDC, USDT, DAI, and many top crypto assets on this platform. However, only the named assets are being covered.
The APY ranges from 6% to 7% and accessing the staking perk involves only clicking the “Go to Stake” button lying beside all the staking options available.
A standout feature of Margex (not Uphold) is the “Calculate your Earnings” module that lets you see how much you will earn upon staking.
Key features of Margex’s staking utility include daily accrual of rewards and flexible liquid staking.
Margex also reveals that there are some staking products offering a 5% APY. However, they are limited, which is done to ensure that users can start earning fixed returns. Getting access to these products requires users to create an affiliate link.
Margex is also very active on its X account, focusing on talking about the current state of the market, and sometimes, it also gives actionable tips to investors.
Nexo
Nexo is another platform considered suitable as a beginner-friendly crypto staking site. The primary way it offers rewards to users is through its “Flexible Savings” system that offers up to 14% annual interest on digital assets. Since they don’t have any associated lock-ups, investors have an easier time accessing them.
Those who opt for the fixed-term savings program will earn as high as 16% annually. The flexible savings terms are available for 1, 3, and 12 months. And if you don’t withdraw once the period is over, Nexo automatically renews staking.
The third option is through dual investment that offers even higher yields. Here, users can earn interest rates in triple digits. Earnings are fixed and locked-in rates won’t change even if the market goes bearish.
That said, the dual investment option can be risky and involves a strategic approach to investing. That is why it is only suitable for professionals.
Conclusion
Crypto staking has become a good option for those who aim to put their crypto to work. However, picking the best crypto staking platform isn’t easy since most see the scale of the APY as the core factor to consider.
Higher staking APYs, although desirable, are often associated with low-cost cryptos. Look for small but sustainable returns when looking for staking, and only pick staking platforms that place priority on security. Best Wallet is a platform that meets all of these requirements.
