It’s okay not to be sure where is the best place to stake crypto this year – the cryptocurrency market isn’t just rough, it’s wild! If you’re looking for the best website to stake crypto, it means that you most likely know what crypto staking is and what its pros and cons are. In a nutshell, it’s very similar to fixed-term deposits almost every one of us tried at least once in our lives. However, crypto staking is riskier because of the high volatility of the market.
Basically, you get your assets frozen or, as they say, locked on an exchange or a staking pool and get cryptocurrency rewards after the lockup period comes to an end. Easy-breezy, isn’t it? But how about price swings? Imagine you locked a couple of thousands and the coin you staked crashes while it’s locked up. Definitely not something you dream of, right?
Keep reading to find out about the best staking platforms that have shown more stability and growth over time and can be trusted amidst this rough storming sea.
Best site for staking crypto – choose from these four
If you’re looking for a reliable source, choose your personal best site to stake crypto from one of the fifth options below.
1. MyCointainer
MyCointainer beginner-friendly staking platform provides users with regular crypro staking, cold staking, cryptocurrency exchange, and node deployment. MyCointainer doesn’t have any lockup periods which is especially calming and useful in times of extreme volatility of the market.
Masternodes give crypto investors the chance to make higher rewards than common nodes in a blockchain network. With MyCointainer, you delegate your coins to MyCointainer’s nodes and wait for your rewards to be generated. When you delegate, your coins stay in the wallet, so you don’t have to worry about it.
Being a legally registered and regulated platform, MyCointainer makes up a secure and transparent place to stake crypto with clear fees and profits. Also, you only pay fees when you get rewards which contributes to the beauty of the platform. One of the most pleasant things about MyCointainer is that you can get compound interest on the rewards to get even more profit.
2. Binance
Binance has proven to be one of the biggest and best-known platforms for daily exchange volumes. With over a hundred staking coins at disposal, it offers two types of staking: locked and flexible. It’s clear that if you choose to lock your coins for some time, you get higher rewards compared to flexible staking. However, if you opt for a flexible type, you get to save your nerve cells.
It’s worth mentioning that with Binance, you can withdraw your assets even with locked staking, however, in that case, you’re going to lose all your rewards generated. Sometimes it’s the best option though, so it’s great to have the option anyway. The platform’s minimum lockup period is 30 days. However, you can stake some coins with a lockup period of just 10-15 days.
Flexible lockup periods are connected with DeFi staking. You choose a DeFi project to stake and get your rewards. For some projects, the lockup period can last less than 24 hours. The only risk is the project can get attacked or simply fail, so you have to choose them wisely and do research anyway.
3. Coinbase
Like MyCointainer, Coinbase was created with the aim to allow non-experts to enter crypto. You can buy coins at the Coinbase exchange and stake them on the assets page within your portfolio. This makes staking almost effortless, but it doesn’t equal most profitable.
As in any deal in the world, you have to sacrifice something – it’s going to be either your time and efforts, quality, or your money. So with Coinbase, get ready to pay the price for making staking so easy – the commission will be quite high (25%, as it is stated in the User Agreement).
One more advantage of the platform is no minimum staking limit which corresponds with the idea of making crypto more available for amateurs.
4. Crypto.com
Crypto.com is another trustworthy platform offering two types of staking: fixed-term and flexible. Its distinct feature is a well-built mobile app that is a self-sufficient alternative to the desktop version. It supports several staking assets, including stablecoins and their native token, CRO. If you choose to buy some of it, the rewards will be pretty tempting.
The platform is also easy and user-friendly, allowing beginners to navigate it easily.
5. Stake.Fish
Stake.Fish has become famous for providing a similar staking service to MyCointainer – they run public validator nodes on many crypto networks and give users the chance to delegate their coins and earn higher rewards. Currently, users get access to 12 networks including the most popular ones – Solana, Ethereum, Cardano, Polkadot, etc. All the fees, commissions, and yields are clearly stated, so the service is really transparent.
It might not be as straightforward as some other platforms mentioned in this article, but Stake.Fish definitely provides one of the most secure ways to stake assets from your personal cryptocurrency wallet.
Best way to stake crypto – the secret to effortless staking
Now you want to understand what is the easiest way to stake crypto. Even though there are multiple videos and articles about it created to make staking available for everybody, it remains a riddle for many. Here are three keys to successful staking:
- Choose the right platform. It’s a number one tip because a transparent and reliable platform makes up more than a half of success. Choose a platform that makes crypto understandable, a platform that wants to educate you and wants to see you grow.
- Study the market. Sign up for a quality crypto newsletter, choose a couple of good resources with comprehensive articles about assets including analysis of the market and just observe what’s happening around. Sometimes signs of the incoming crush or skyrocketing growth appear much earlier than most traders see. To see them, you need to be savvy, but you also need experience (yes, as simple as that!) So go and get this experience.
- Don’t hustle too much. Especially those, who got used to investing, it might be quite stressful to see how fast the prices go up and down. An important thing worth remembering is to avoid emotional decisions – withdrawals or purchases – when it seems that it’s the end of the world. Interestingly enough, those crypto investors who opt for long-term earn the best rewards.
Best place to stake coins – what coins are most promising in 2022
Even the prices of top proof of stake coins look appalling, but there are still coins that definitely stand out from the rest. You need to read about every asset to make sure you don’t lose your very first investment to some no-name coin. However, one day Bitcoin was such a coin, with billions of people all over the world being very suspicious and doubtful about it. You never know when a certain asset flies to the very top. The highest staking cryptos below have been chosen on the basis of their potential value growth and wide popularity (i.d. those are the most staked crypto coins):
- Ethereum (ETH)
- Solana (SOL)
- Cardano (ADA)
- Avalanche (AVAX)
- Polkadot (DOT)
- Cosmos Hub (ATOM)
- Tron (TRX)
- BNB Chain (BNB)
- NEAR Protocol (NEAR)
- Internet Computer (ICP)
You might also follow other criteria like highest yearly return or a low reward fee depending on the platform you chose. For example, the best crypto to stake on MyCointainer as for the return rate might be Decimal (DEL).
Crypto with best staking rewards – the best rewards are not just your yearly returns
No wonder you might get attracted by the highest crypto staking rewards for several crypto assets, but you need to remember that it’s always better to make an educated decision. So make sure you do research on the crypto you plan to stake to consider some other factors that might influence its growth. Other factors might include:
- The change of the price over the last 24 hours/30 days/12 months
- The total USD value of all the tokens staked
- Staking ratio of the coin.
Fruitful investments are all about research and market observation. If you’re new to crypto, use some experts’ explanations and articles to tell the difference between a one-day coin and a source of continuous income.
Best crypto staking sites – concluding thoughts
The best place to stake cryptocurrency should be trustworthy, secure, and transparent and should allow you to stake with no lockup period (at least to have it as an option). We are crypto believers and are sure that the rough times we’re seeing now is a preparation and a cleanup before another jump. You have to decide whether you’re in.
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Source: https://www.thecoinrepublic.com/2022/07/13/best-place-to-stake-crypto-navigating-in-the-rough-sea-of-crypto-in-2022/