Top crypto strategist unveils the best crypto staking platforms to earn passive income
Popular crypto channel MoneyZG shares with their subscribers the best staking platforms that offer generous rewards to earn passive income with crypto.
“Staking is a great way to maximize your holdings in staking coins and fiat that would otherwise be sitting in your account. Once you have staked your assets you can earn staking rewards on top of your holdings and grow them further by compounding those future rewards.”
First on the list is Kraken. Based in San Francisco, Kraken is the world’s largest global digital asset exchange based on euro volume and liquidity.
Ther are the types of coins and fiat currencies that traders can earn generous rewards on through Kraken’s staking service. For example, staking coins such as Polkadot (DOT) can be purchased on Kraken and staked to earn 12% yearly rewards.
According to the trader, an important feature of Kraken is that it has no minimum on-chain staking time, meaning that traders can earn rewards immediately. Moreover, there are also no fees for staking and unstaking your cryptos except for ETH 2.0 where Kraken charges an admin fee and Kraken will be taking a small fee out of your rewards for their service.
KuCoin is a relatively young global cryptocurrency exchange based in Singapore. With over 200 coins and 400 trading pairs, KuCoin is among the top altcoin exchanges for new and experienced traders.
As the crypto KOL says, Kucoin offers flexible term staking where traders can stake and unstake whenever they want; but it gives lower APY than locked-in or long-term staking which requires a minimum redemption period. For example, staking ADA in a flexible term deposit gives 1.5 APY whilst locking it in for the longer term gives trader 3.5% in any case.
The outstanding feature of Kucoin is that aside from the popular coins, it also supports staking for many other altcoins like MATIC and LINK as well as smaller coins that traders probably will not see on other exchanges. For example, HYDRA has an APY of 70% which is “quite insane on flexible staking.”
Binance is the largest crypto exchange that offers lock staking for 73 coins including popular altcoins like ADA, SOL, DOT, and ETH.