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In our series of various ways to make money with crypto, staking is one of the best passive ways to make money in crypto. By committing your coins or tokens to a staking pool, you can earn passive rewards and build a crypto portfolio from your staking earnings.
However, finding the best platforms or staking sites to join a pool can be daunting. This is why we have outlined some of the best crypto staking platforms or websites you can join in 2024.
Best Crypto Staking Websites
Most Flexible Crypto Staking Platform: Binance Defi Staking
Binance is a popular crypto exchange in many countries and is one of the safest and least risky platforms for crypto staking because most of their DeFi staking projects are tested and vetted. However, you should still do your research and verify for yourself before investing.
On Binance defi staking, only a handful of cryptocurrencies are available for staking.
The process of staking and interest on Binance defi staking is simple and direct, and you can also earn rewards and interest for staking BNB.
The amount you can earn on Binance staking pools will depend on the coin you are staking, the staking reward pool. For example, if you stake 100,000 USDT, you can earn around $200 monthly in staking rewards.
These are some of the highest staking rewards pools on Binance:
- USDT: 10% APY
- BUSD: 10% APY
- ADA: 5% APY
- DOT: 12% APY
- SOL: 7% APY
- MATIC: 10% APY
You can also earn staking rewards on Binance by staking less popular coins. However, the staking rewards for these coins are typically lower. The amount of staking rewards you earn will also depend on the period. Binance defi staking offers flexible staking.
Thus, you can unstake your coins at any time. However, the staking rewards for flexible staking are lower than for locked staking.
To maximize your staking rewards, you should lock your coins longer. However, remember that the price of the coin you are staking could decrease during the period.
Highest Staking Rewards Up To 686%: Coinbase
Coinbase is another popular crypto exchange that also offers crypto staking pools.
Coinbase offers a limited number of tokens for staking and rewards. However, the most popular cryptocurrencies for staking are available on the platform. You may need a minimum balance depending on the selected coin or token. For example, you must have at least $1 worth of SOL to stake Solana.
These are some of the highest yield pools on coinbase:
- Ethereum ETH: 2.63% APY
- Solana SOL: .01% APY
- Cardano ADA: 2.04% APY
- Polkadot DOT: 6.92% APY
- Cosmos ATOM: 9.22% APY
- Tezos XTZ: 4.62% APY
- SUI: 3.59% APY
- Celestia TIA: 14.82% APY
Coinbase takes measures to mitigate risks and allows you to opt-out anytime. Some staking protocols may require you to wait until unstaking is complete to transfer or sell your assets.
The reward rate is based on the estimated protocol rate, which varies depending on the token, up to 686% APY. You can see the latest applicable rates directly within your Coinbase account. Enrollment in staking is available only in eligible jurisdictions and for eligible networks.
Any rewards earned in unstaked form will be automatically restaked. You can request to unstake anytime, but you cannot sell or send your staked assets until the unstaking process is complete. Depending on the asset, This could take a few minutes to several weeks.
Site With Largest Staking Pools: Gemini
Gemini supports over 40 cryptocurrencies for earning rewards through the Gemini Earn program. Although it’s not particularly a staking program, Gemini Earn is a lending platform that lets you lend out your crypto holdings in exchange for interest payments.
The rewards from staking are not fixed and are determined by the relevant protocol. You will receive rewards in the amount determined by the relevant protocol (such as Polygon or Ethereum) minus a 15% fee that Gemini retains for paying on-chain fees and acting as the staking service provider.
Like staking on other crypto exchanges, you can earn an annual percentage yield (APY) for participating in their crypto staking pools. For example, you can earn 4.55% APY on your Solana holdings.
Gemini interest rates allow users to earn passive income via cryptocurrency staking. Ethereum, Solana, and Polygon offer competitive Annual Percentage Yields (APY).
Potential rewards reach as high as 4.27%. You can stake their assets to earn rewards:
- Ethereum (ETH): 3% APY
- Solana (SOL): 4.27% APY
- Polygon (MATIC): 3.71% APY
Gemini sets the maximum interest rate you can earn when lending your assets. This rate can vary depending on market conditions and the specific type of cryptocurrency.
