Crypto staking has become a primary form of earning passive income in the crypto space.
Following the growth in the number of proof-of-stake digital assets, there has also been a consequent increase in value locked in staking platforms. Currently, the value locked in DeFi staking platforms is between $21-$23 billion, and similar growth is expected in 2021.
In this article, I will share with you the best crypto staking providers in 2021.
Top 5 Cryptocurrency Staking Providers in 2021
Binance is one of the most popular cryptocurrency exchanges with an average daily trading volume of $3.88 billion. The platform offers three forms of crypto staking, i.e., locked staking, flexible staking, and DeFi staking.
The locked staking option allows stakers to lock their cryptocurrencies over a period of between 7 to 90 days, with staking rewards ranging from between 2.8%-16% APR.
The platform supports some PoS coins for staking, including BAND, DAI, USDT, BNB, BUSD, EOS, XEM, IRIS, DASH, ONE, and GXS.
The Estonia-based staking platform established in 2018 has largely been credited to be the easiest and safest means of staking PoS coins with high returns.
On the platform, you can stake your preferred PoS coins and earn staking rewards from staking multiple coins simultaneously. It allows investors to choose from over 100 digital assets, including Ethereum 2.0, Fusion, Polkadot, Cosmos, Harmony, Cardano, Waves, Loom, Algorand, Tezos, Matic, Band Protocol and Kyber Network, among many others.
In 2018, Coinbase Inc. launched Coinbase Custody-a digital-asset custodial service platform that operates as a standalone, independently-capitalized business to Coinbase, Inc.
The platform supports staking on several PoS assets, including Cosmos, Tezos, Maker Protocol, Algorand, and Solana tokens. The platform is also expected to add other coins, including NEO, ADA, ETH 2.0, and many others. Staking rewards on Coinbase Custody ranges between 6–20%, with varied reward fees on every token.
New York-based Staked is another exemplary staking platform to consider in 2021. Staked.Us implements staking security by using Kubernetes to distribute across 5 clouds with automated failover.
The platform offers staking on over 30 PoS coins, including Ethereum 2.0, Kava, Polkadot, Cardano, NEAR Protocol, Synthetix Network, Livepeer, etc., and its offer staking rewards ranging from 5% to 100% annually.
SnapBots Wallet is a secure cryptocurrency wallet that is powered by AI deep learning bots provided by SnapBots.
SnapBots is a group of AI bots powered by learning algorithms. It creates buy-or-build financial bots and caters to humans that seek to maintain a self-sustaining bot economy.
On September 7th, 2020, the platform launched staking support for major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Tether (USDT), and SNAP (SNAP). Through SnapBots Wallet, users not only store their cryptocurrencies but also stake, choosing between three low-risk trading strategies.
SnapBots Wallet is an excellent option if you’re looking to stake cryptos without having your time to spend in the days.
The substantial growth of crypto staking has seen a boom in staking platforms, allowing investors to earn staking rewards seamlessly. If you’re thinking of crypto staking in 2021, you should consider the above best cryptocurrency staking providers.