Statista shows that 28% of the total Ethereum, 65% of the total Solana, 77% of the total SUI, and 79% of the total APTOS tokens have been staked. While staking plays a crucial role in network security, it is also increasingly supported by investors looking to complement the gains they make through active crypto trading.
The prospect of “putting crypto to work” is exciting, and the best top rated crypto staking platforms provide this facility in a top-tier manner. This article will list some of these platforms, giving you insight into their offerings and why investors gravitate toward them.
Best Crypto Staking Platforms
Best Wallet – Multi-Chain Native Staking Wallet
Although Best Wallet has added staking as a feature add-on, it has implemented it with complete dedication, offering high yields and establishing itself as one of the best crypto staking platforms on the market.
Staking on Best Wallet is done through its mobile application of the same name. A simple and quick download, it features robust security measures that not only secure the staked assets but also make it easy for users to access their tokens.
Partnering with FireBlocks, Best Wallet offers insurance for stored/staked cryptos while ensuring that investors don’t need to enter lengthy passphrases to access their assets.
Supporting over 60 blockchains and over 1,000 cryptocurrencies, Best Wallet offers native staking for some of the biggest crypto assets. The APY it offers for Ethereum is 3.99%, for SOL it is 7.6%, and for Cardano, it is 2.98%. Higher yields in double digits can be earned by staking ATOM, which offers 14.75%, and Injective, which offers 20.56%.
Best Wallet also supports third-party staking. Once on the website, users can go to the Apps section and choose between Rocketpool or Lido to stake their holdings. This flexible approach to staking is complemented by a simplified UI that makes staking accessible to beginners.
A multi-functional wallet, Best Wallet has also earned recognition for its Token Launchpad, which lets investors access some of the biggest crypto ICOs on the market even before they go public.
Customization options are plentiful on this cryptocurrency wallet, and the extent of this customizability is showcased through the platform’s YouTube channel.
Kraken – Regulated Exchange with Dual Staking Options
Kraken is a centralized cryptocurrency exchange, offering up to 17% APY for staking crypto. The way to use staking perks on this platform is similar to others. Users only need to buy the asset they want to stake and then select the asset to stake. Afterward, rewards will be deposited into their wallets once a week.
There are two forms of staking available on this platform. Bonded staking locks up the asset for a specific period of time, and Flexible staking locks the asset but lets investors unstake it any time they want.
This form of staking is available for 24 different cryptos. Ethereum staking, the bonded version, offers 2.5% to 7% APY, and with flexible staking, users can get 1-3% APY. Injective and Flow staking offer higher rewards, 10-15% and 7-11% respectively.
While the staking perks associated with this platform are numerous, one thing to note is that staking rewards are subject to geographical restrictions. Furthermore, Kraken does not allow users to stake all of their assets; it only lets investors receive rewards on 50% of the assets they choose to stake.
Besides staking, Kraken offers additional features accessible through other versions of the platform including Kraken Desktop, Kraken Institutional, Kraken Wallet, and Kraken Pro. The platform supports derivatives trading and margin trading with up to 5x leverage.
Bitrue – High-Yield Staking Platform for Low-Cap Tokens
Bitrue is another exchange offering a detailed earn program. What makes staking on this platform exciting is the presence of high APY and staking rewards for low-cap cryptos.
For instance, those who invest in AI16Z can earn up to 33.20% APY. Choosing AVA, on the other hand, will offer users up to 80% APY.
There are 20 assets available for staking on this platform, and all of them are either meme coins or AI agent tokens, which is primarily the reason for the yields being so high. Furthermore, staking only happens for 7 days. This limited time can be extended automatically by deciding not to unstake the tokens. At the time of writing, over 672 million USDT worth of crypto has been staked on the platform, and over 428K USDT has been distributed as rewards.
These staking rewards can be further enhanced by staking BMAX tokens, the native crypto of Bitrue.
Bitrue is also big on exclusive events, rewarding new users with additional cryptos to trade. On Twitter, it is very active, organizing competitions and rewarding ample tokens to participants.
🚀JUST IN: $SOL Deposit Contest now live! @solana🎁 Deposit $SOL to share 1,300 $SOL prize pool!⏰Event Period: 9:00 UTC, Feb 17 – 9:00 UTC, Feb 25👉 Deposit now:https://t.co/cL1F5gRIAr🌟 New Users：https://t.co/PXeBq3tiNg pic.twitter.com/n5lwFfNvtF
— Bitrue (@BitrueOfficial) February 17, 2025
While there are no options to stake high-cap tokens on Bitrue, considering how popular low-cap cryptos have become, Bitrue could be an excellent choice for degens who want to extract more value from their meme or AI agent tokens.
Bybit – Comprehensive Web3 Staking Platform
Bybit is a highly popular cryptocurrency exchange offering high staking rewards. There are two modes to generate passive income through this platform: Bybit Savings and Web3 Staking.
With Bybit staking, users can get comfortable returns on top cryptos, such as BTC and ETH. BTC offers 1.4% APR and ETH 1.5%.
There is also a new-user exclusive staking option available that allows newcomers to earn Annual Percentage Returns (APRs) in high-double or triple digits. For instance, new users on the platform who stake their USDT will earn a 555% APR (for a limited time).
Web3 Staking on the platform is accessible through the Web3 Earn program. Per the website, this feature lets users tap into multi-chain and generate gains with a single click. This one-click staking offers returns as high as 10.22%, which is offered for Bybit Staked SOL.
USDE (Ethena) stakers can earn up to 8.68% APY, and ETH APY will depend on the staking pool picked. For instance, using the Mantle staking pool will reward users with 3.9% APY, whereas Lido will reward only 2.75%.
Beyond the staking perks, Bybit is also a very user-friendly cryptocurrency exchange, offering insight into the hottest derivatives on the market and keeping users updated about the top gainers. Key features of this platform also include copy trading, trading bot, debit card, TradeGPT, and Bybit Web3.
Conclusion
The need for staking has grown due to increased volatility in the cryptocurrency market. This has heightened the importance of finding the best crypto staking platforms. This article serves as a guide for investors looking to put their idle assets to work for passive earnings.
However, staking doesn’t protect investors from risks. Reward slashing is possible. Therefore, investors are recommended to stake only a small portion of their assets in flexible staking pools. In this regard, the best option available is Best Wallet. It is simple to use, easy to maintain, has robust security features, and does not require any KYC.
Visit Best Wallet
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Credit: Source link
