How Can You Earn Highest Staking Rewards ?

There are several ways in which you can earn rewards using cryptocurrency. Every crypto coin is hosted on a technology called blockchain which needs to be validated constantly. This is where cryptocurrencies differ from equities, in that equities are not backed by any such technology and are issued by individual companies out of their share capital. This process of validating and securing the blockchain through coins is known as staking, akin to a security deposit in traditional finance. Crypto investors make their holdings available in favour of the Proof-of-Stake (PoS) network. However, this is not just a one-sided affair. Investors can earn interest on the amount of holdings they stake. Often, these interests are very lucrative and are anytime better than keeping your crypto holdings sitting idle in your wallet. First let us discuss what staking is.

What is Staking?

Staking is essentially a way of validating blockchains. Holders of a coin block their holdings in favour of the blockchain in order to verify crypto. It is a useful way for the blockchain to save energy and use coins to validate the system. This is called Proof-of-Stake (PoS). It is a feature which is offered by various crypto platforms to not only help validate the blockchain which is issued by the network, but to also enable customers to earn high returns and yields on their crypto. You can block (or stake) a portion or the entirety of your holdings of a particular cryptocurrency, in order to earn more of the same asset. The amount that can be earned is determined according to the annualised percentage yields (APY) of individual cryptocurrencies and of the crypto platform through which staking is taking place.

Now, let us discuss some of the platforms which offer the best staking rewards.

CELSIUS

Celsius is a crypto wallet which works toward an economy in which financial inclusion and financial autonomy are priorities. It straddles the worlds of consumer lending and financial technology to make newly imagined financial products available to its customers. It has its own native token named CEL which unlocks access to rewards, higher returns and lower cost of funds. The platform allows you to stake (block) your crypto holdings and earn an annualised amount of return. If you transfer your crypto to Celsius and stake them, you can potentially earn up to 17.78% Annual Percentage Yield (APY). The rewards are paid weekly. The returns depend on whether you stake crypto, stablecoins or gold tokens.

Explore More Celsius Offers

COINBASE

Coinbase is a leading cryptocurrency exchange platform which was founded in 2012 by prominent crypto evangelist Brian Armstrong. It provides comprehensive digital asset management facilities to customers, including trading and management. Coinbase also allows you several ways to earn free crypto rewards. Of them, staking is an important way in which Coinbase users can make use of their crypto portfolio. Coinbase enables you to stake various digital assets and earn rewards accordingly. The platform makes staking easy for the average user. Rewards are automated and are transferred to your account periodically without you having to intervene in any way. You can start your staking journey on Coinbase with as little as $1. With Coinbase, you can earn up to 5.0% Annual Percentage Return (APR). Some of the coins which can be staked on the platform include ETH, ALGO, ATOM, XTZ, DAI and USDC.

Check Out More Coinbase Offers

CRYPTO.COM

Crypto.com is an exhaustive platform dedicated to all things crypto and decentralised finance. It provides a platform for not only cryptocurrency trading and management, but also lets digital creators create and sell their pieces on the platform as Non-Fungible Tokens (NFTs). The company is one of the most prominent crypto platforms and is constantly working for better coverage and uptake of crypto. Staking your cryptocurrency on Crypto.com is a user-friendly process. With Crypto.com, you can be eligible to earn up to 14.5% per annum returns on your crypto. Though the reward rates are dynamic and keep fluctuating, it lets you stake from a choice of a wide range of digital assets – more than 40 cryptocurrencies and stablecoins. Staking BTC and ETH will entitle you to a reward

of up to 8.5% p.a, while staking USD Coin will give a return of up to 14% p.a. The rewards can also be enjoyed in the CRO token, which is Crypto.com’s native utility token.

See More Crypto.Com Rewards

HUOBI

Huobi is a cryptocurrency exchange and financial services provider which has a cross-continental presence across 170 countries and regions. While its total revenue has surpassed $1.2 trillion, it regularly records high trading volumes. Huobi also provides its customers with the option to earn free crypto through staking. You can utilise your crypto holdings and instead of making them sit idle in your wallet, you can stake them with Huobi through its Huobi Earn feature. With Huobi Earn, you can possibly earn up to 50% APY on your crypto. However, the yield differs according to asset. For example, if you stake USDT without any particular lock-in period, you can earn 5% APY, but if you enable a 90-day lock-in period, you can earn as much as 6.50% APY on the same asset. Currently Huobi is offering a staking option for NFT token Ertha, with a lock-in period of 14 days, with a return of 50% APY. Coins like SUSHI and SPELL are currently eligible for staking at Huobi at a 20% return without any lock-in period.

Explore Huobi Promo Codes

KRAKEN

Kraken is a reliable and secure cryptocurrency exchange platform, founded by Jesse Powell back in 2011. It offers products and services like margin trading, over-the-counter trading etc. which are bringing an increasing number of users under the fold of decentralised finance. Staking crypto on Kraken is a great way to capitalise on your crypto holdings and bring out the best returns from them. You can enjoy up to 23% yearly rewards if you stake crypto on Kraken.

Staking ATOM token can fetch you annual returns of 7.5% while the KSM token can give you 18% p.a. Currently, Kraken is offering the highest yearly return of 23% on the KAVA token.

Check Out More Kraken Promo Codes

The post How Can You Earn Highest Staking Rewards ? appeared first on CoinGape.