Cryptocurrency staking is one of the most popular activities in the market. Passive investors are especially attracted to this activity because it allows them to easily earn low-risk returns on their crypto holdings. Data has shown that several assets have seen up to $10 billion worth of their units staked in many of the best staking protocols.
If you’re interested in staking, finding the right platform for you can be a huge benefit. This guide will look into the best staking protocols available to investors and what they offer.
1. Lucky Block: Overall Best Staking Platform
You should know that Lucky Block isn’t a staking platform. However, thanks to its strong social media presence and interesting product roadmap, investors are increasingly interested in the platform.
Launched in 2021, Lucky Block is a gaming and play-to-earn platform powered by blockchain technology. The platform offers access to games and online activities that allow players to earn money. Using blockchain technology, Lucky Block promotes transparency and fairness in transactions and ensures players enjoy a level playing field.
Besides blockchain gaming, Lucky Block offers an impressive opportunity for players to earn. The game launched its Platinum Rollers Club non-fungible token (NFT) collection earlier in the year, and there is a $1 million prize pool that’s expected to start this month as well. These allow ecosystem members to earn income while they play the available games on the platform.
Presently, the Lucky Block community has surged to over 50,000 members. These members will be awaiting the launch of the mobile apps, which the developers have claimed to be working on. The apps should further improve Lucky Block’s reach together with its blockchain-based operation to attract a global audience.
2. eToro Staking: Best Staking Platform for Beginners
eToro comes next on our list of the best staking protocols. The platform has become a popular name among retail investors, offering omission-free access to assets across multiple classes. At the same time, passive market participants can take advantage of eToro’s staking platform to easily earn profit.
eToro offers the eToro Club, giving members access to a staking service that allows them to earn passive income. The eToro club allows you to stake several top proof-of-stake (PoS) coins, including Ether (ETH), Cardano (ADA), and TRON (TRX).
Staking with eToro is impressive for several reasons. For one, the platform offers some of the best yields in the market, with up to 4.3% in annual yields on ETH 2.0 staking. The process is also very hassle-free. All you have to do is commit your funds to the staking service, and eToro does all the work on your behalf.
You should know that eToro has a 9-day holding period. However, if you’re a Silver, Gold, or Platinum level subscriber, the platform cuts your holding period to just 7 days, so you begin earning rewards on the 8th day.
3. Binance Earn: Most Versatile Staking Tool
Binance is another platform that needs no introduction for avid crypto fans. The platform has become a household name, as the world’s largest crypto exchange by daily trading volumes.
The dominance of Binance has been partly due to its existence in different parts of the market. And its Binance Earn service has become one of the best staking protocols in the market.
Binance Earn currently allows users to stake up to 22 assets. The platform offers locked and flexible staking, allowing you to choose. Locked staking requires holding your funds in the staking protocol for a specific period, while flexible staking allows you to stake your coins and unstake them whenever you’d like.
The reward percentages on Binance Earn will vary depending on the coins you’re staking. However, assets like Avalanche (AVAX) and Near Protocol (NEAR) can earn you up to 20% returns.
4. Coinbase Staking: Well-Regulated Staking Service
Coinbase is another exchange that has become a household name in the market – especially among retail traders. The broker has thrived off its cosy relationship with regulators, and Coinbase has also expanded into different parts of The industry.
With Coinbase Staking, investors have access to a dedicated service to stake stablecoins and a few other assets. These assets include ETH, Algorand (ALGO), USDC, Tesoz (XTZ), and Dai (DAI).
Rewards on Coinbase Staking vary. ALGO has the highest yield with 5.75%, while DAI has the lowest yield with 0.15%.
Coinbase allows you to begin staking with as little as $1.
5. BlockFi: Highest Yields on Crypto Staking
BlockFi is one of the few services in the crypto market that focus on delivering passive income easily to investors. The service offers a bridge between crypto and traditional financial services, allowing investors to move between fiat and crypto whenever they’d like easily.
Currently, BlockFi also offers an impressive crypto staking product that allows users to stake nine assets – Bitcoin (BTC), ETH, Litecoin (LTC), USDC, Gemini Dollar (GUSD), Paxos Standard (PAX), Tether (USDTR), Chainlink (LINK), and Binance Dollar (BUSD).
Rewards on BlockFi are much higher than most, with the platform offering up to 5% yields on Bitcoin and 9.3% on USDT staking.
Read More:
Lucky Block – Our Recommended Crypto of 2022
- New Crypto Games Platform
- Featured in Forbes, Nasdaq.com, Yahoo Finance
- Worldwide Competitions with Play to Earn Rewards
- LBLOCK Token Up 1000%+ From Presale
- Listed on Pancakeswap, LBank
- Free Tickets to Jackpot Prize Draws for Holders
- Passive Income Rewards
- 10,000 NFTs Minted in 2022 – Now on NFTLaunchpad.com
- $1 Million NFT Jackpot in May 2022
