We compiled a list of some of the best crypto staking platforms that you can try this year. Besides reviewing them, we’ll also compare these staking providers to help you find the one that suits you most. Moreover, you’ll find out which platform offers the best staking wallet and which one has the best staking pools.

After the reviews, we’ll list the main factors that you should consider when choosing the best staking crypto platforms. We’ll also talk about the main benefits of blockchain staking.

With that in mind, here’s a list of some of the best cryptocurrency exchanges for staking.

What Is the Best Platform to Stake Crypto?

  • MEXC Best for BTC staking
  • OKX Best crypto staking platform for ETH holders
  • Binance Best place to stake Ethereum
  • Bybit Best app and highest APY
  • Margex Best for beginners
  • Bitrue Best for XRP staking
  • Nexo Best staking wallet
  • PrimeXBT — Best for staking COV 
  • Kucoin — Best for staking less popular coins
  • BingX — Best for staking Tether

Best Crypto Staking Platforms Reviewed

Now that you’ve seen our selection of the best platforms for staking crypto, we’ll write a short review about each one so you can find out what makes them stand out. Here’s how these top staking platforms perform regarding supported tokens and APYs.

1. MEXC — Best for BTC Staking

mexc logo

Our best crypto staking platforms list starts with MEXC, a CEX that offers 2000+ cryptocurrencies. Its staking service is called MEXC Savings, and it comes in two forms – Locked Savings and Flexible Savings. The first option has lock-in periods of 30, 60, and 90 days, while the second option allows users to withdraw their staked assets at any time.

MEXC is the best place to stake crypto coins that don’t follow the PoS model. For example, BTC staking comes with an estimated APY of 1.68%. This platform recently launched a stETH DeFi staking program, which enables its users to stake stETH for an APY of 6.8%. You can also stake USDC for an estimated APY of 8%, USDT (2.80% APY), and ETH (2.08% APY).

This program uses a first-come, first-served format, which means that the yield payout time occurs daily.

This platform also offers a unique crypto staking wallet. Namely, MEXC’s native wallet combines a cold and hot wallet. This wallet is also integrated with MEXC’s trading platform and has a user-friendly design.

Pros

  • Flexible and locked staking
  • DeFi staking program
  • Suitable for both beginner and advanced stakers
  • 2000+ available cryptocurrencies

Cons

  • High withdrawal fees

2. OKX — Best Staking Platform for ETH holders

okx logo

OKX is one of the best crypto staking platforms. This platform offers 320+ cryptocurrencies and supports over 40 blockchains. Moreover, OKX offers some of the highest staking rewards, which come with annual returns of up to 70%. Staking stablecoins on the OKX offers investors a secure way to earn passive income while minimizing risk. Users can stake popular tokens like Ripple, Shiba Inu, Litecoin, and Dogecoin. Moreover, some coins have multiple staking terms, ranging from 15 to 120 days, while others come with flexible staking options. they don’t require users to lock up their tokens.

Additionally, this platform provides flash deals with short-term offers for up to 500% APY on in-demand tokens like Ethereum.

OKX recently launched a multi-chain wallet that allows its users to stake BTC and BRC-20 tokens. It also enables the implementation of its open-source BRC20-S protocol. This means that its users can earn BRC20-S tokens through its Web3 DeFi aggregator. Moreover, OKX doesn’t require a minimum deposit to open an account.

Pros

  • Has over 20 million global users
  • Competitive trading fees
  • Multi-chain wallet that enables its users to earn BRC-20 tokens
  • Up to 500% APY on in-demand tokens like Ethereum

Cons

  • Not suitable for beginners

3. Binance — Best Place to Stake Ethereum

binance logo

If you’re looking for the best Ethereum staking platforms, you should opt for Binance. This popular exchange platform offers you a stake in ETH 2.0. This means that you’ll get to stake ETH 2.0 for 0.1 ETH instead of 32 ETH. On top of that, staking rewards will come in the form of WBETH, the tokenized version of staked ETH. By participating in ETH 2.0 staking, users can earn daily rewards. They’ll also have the flexibility to exchange their BETH tokens for ETH at any time.

Binance is also suitable for locked staking and DeFi staking. The former allows you to lock your tokens for 10, 30, 60, or 90 days, while the latter allows you to stake some of the best DeFi coins, like Uniswap, Decentraland, and SushiSwap.

Binance is also on our best DeFi staking platform list due to its flexible staking options and high best crypto staking rates.

Binance supports over 100 cryptocurrencies, has a native token, and has a native crypto wallet. What’s more, the binance.us interest rate can reach 23%.

Pros

  • Flexible lock-in period
  • Daily payout frequency
  • High staking liquidity
  • ETH 2.0 and DeFi staking available

Cons

  • Poor customer support

4. Bybit — Best App and Highest APY

bybit logo

Bybit is a platform that offers the highest APY crypto staking pools, which come with annual rewards of up to 563.54%. What’s more, you’ll get to stake 1185+ tokens. You’ll also be able to use the auto-savings option on 20 crypto coins. However, keep in mind that this option comes with certain limits. For example, the auto-savings limit for Ethereum amounts to 10 ETH, while for Bitcoin, this limit stands at 1 BTC.

The staking option offers flexible and fixed terms with a 30-day and 60-day lock-in period. Bybit will also reward members of its Flexible Savings plans with an APR booster voucher. This voucher will increase your APR and boost the interest rate on your savings.

When it comes to crypto staking apps, no one can beat the Bybit app. Not only is this the best app for staking crypto on the go, but it also comes with a $5,020 welcome gift. The app is compatible with iOS 12.0 or later and Android devices. Its ratings on the App Store and Google Play are 4.7 and 4.6, respectively.

Pros

  • Over 30 crypto staking pools
  • Auto-savings option
  • Flexible and fixed staking terms
  • High liquidity and volume

Cons

  • Not available in the US

5. Margex — Best for Beginners

margex logo

Margex is one of the best staking platforms for crypto beginners. It’s user-friendly and sends price alerts to help users make informed decisions. Moreover, its members can keep track of their staking activity.

That said, Margex offers its users the chance to stake 35+ cryptocurrencies with APYs of up to 5%. This platform uses an MP Shield system to protect its users from price manipulation. In addition, Margex allows its members to use staked assets to trade with up to 100x leverage.

Unlike most of its competitors, Margex doesn’t have lock-up periods. This means that you can stake and withdraw your coins at any time. Staked tokens will go to various DeFi and CeFi projects. To keep its return rate fixed at 5%, Margex imposes staking pool limits. If the pool reaches 0%, you won’t be able to stake your tokens until the limit goes up.

In addition, this is a good platform for staking stablecoins since they offer an annual return of up to 10%.

Pros

  • User-friendly interface
  • Staked tokens go towards CeFI and DeFi projects
  • No lock-up periods
  • Fixed APY

Cons

  • Limited selection of crypto trading pairs

6. Bitrue — Best for XRP Staking

Bitrue Logo

Bitrue is a crypto staking platform that offers 1000+ digital assets, including its native token, BTR. Its yield farming program enables traders to earn passive income by staking and lending their cryptocurrencies. The lock-up period can be set to 7, 30, or 90 days, while the annual returns range from 2% to 114.8%, depending on the chosen time period.

Bitrue’s staking feature is called the Power Piggy. This feature stands out because it allows you to earn daily rewards and receive your funds before the locking period ends. Moreover, its interest rates range from 1.9% to 20% p/a.

This platform is the best place to stake XRP. XRP currently comes with an APY of up to 20%. Moreover, there are no lock-up periods, which means that you can cash out your XRPs at any time. Plus, if you keep part of your funds in BTR, you’ll receive 6.1% on XRP. XRP trading pairs also come with a low trading fee of 0.280%.

Pros

  • Flexible staking solutions
  • High-yield earning
  • 1000+ cryptocurrencies
  • Available in the US

Cons

  •  Some cryptocurrencies have low liquidity

7. Nexo — Best Staking Wallet

nexo logo

Nexo is a staking platform that offers lucrative crypto staking rates of up to 16% per year. Moreover, once you buy or transfer your crypto assets, this platform automatically enables you to earn interest.

Nexo is also one of the few crypto staking sites that utilizes loyalty tiers. This means that its users will start with the Base tier, after which they’ll be able to advance to the Silver, Gold, and Platinum tiers. A higher tier equals a higher APY. For example, Base members can earn up to 12% interest on USDT, while this percentage for Platinum members will amount to 16%.

While this platform offers only 39+ crypto assets, it makes up for this deficiency with its native wallet. In our opinion, Nexo Wallet is the best crypto wallet for staking since it can be connected to multiple wallets. You can also use five networks, Ethereum, Polygon, BNB Chain, Avalanche, and Fantom, to send and receive your coins. And finally, this self-custodial wallet will enable you to earn DeFi yields.

Pros

  • Self-custodial Web3 wallet
  • Four loyalty tiers
  • Allows you to earn DeFi yields
  • Suitable for people who want to invest in major cryptocurrencies

Cons

  • The Nexo Wallet is unavailable to the US clients

8. PrimeXBT — Best for Staking COV  

best crypto staking platforms - primexbt

PrimeXBT is a staking platform that supports 100+ crypto assets. Its main goal is to become an all-in-one platform for copy trading, crypto futures, and CFD trading. This platform is partnered with Covesting, a software development company that provides innovative trading tools. This means that PrimeXBT users will be able to stake Covesting’s native token, COV.

COV stakeholders will be able to unlock various utility benefits, such as a 50% or a 100% discount on entry fees for Followings and increased profit share. They’ll also be able to use COV tokens as collateral for leveraged and copy trading.

There are four COV membership plans – Standard, Advanced, Premium, and Elite. Each plan will lock a certain number of COV tokens in your wallet. For example, if you choose the Premium plan, 5,123 COV tokens will be locked in your wallet. You’ll also be able to upgrade your staking membership plan. Moreover, depending on the chosen plan, a Follower will receive a profit share ranging from 60% to 75%.

Withdrawal fees stand at 5 COV for the ERC-20 network and 2 COV for the BEP-20 network.

Pros

  • Supports 100+ crypto assets
  • Partnered with Covesting
  • Profit shares range from 60% to 75%.
  • COV tokens can be used as collateral  

Cons

  • You can only stake COV tokens

Kucoin logo

Kucoin is a crypto staking platform that allows its users to stake 44 digital coins, including its native token, KSC. Staking less popular coins, like HYDRA and ORAI, will bring you the most benefits, since these tokens come with large annual returns of 25% and 14%, respectively. Traders will also benefit by staking KSC tokens.

Although the KSC token doesn’t have a high APY, i.e., its annual return stands at 1.38%, KCS stakeholders will be able to get trading discounts and earn on-chain rewards. This platform also uses the most rigid security standards, such as multi-layer accounts and advanced encryption.  

Kucoin is a suitable platform for advanced stakers, as it offers flexible staking options that come with locked-in periods that range from 1 to 28 days. They’ll also appreciate its Shark Fin feature, which will enable them to earn a yield from the cryptocurrency they invested in, regardless of market sentiment.

Pros

  • Suitable for advanced traders
  • KSC stakers will get trading discounts and on-chain rewards
  • Less popular coins come with large APYs
  • Robust security system 

Cons

  • Its interface is not beginner-friendly

10. BingX — Best for Staking Tether 

bingX logo

BingX is a staking platform that allows its users to stake 52+ cryptocurrencies. This platform is also regulated in the US, Canada, and Europe. In our opinion, BingX is the best platform for USDT staking. Why? For numerous reasons.

First of all, the USDT staking option comes with flexible and fixed terms that range from 30 to 90 days. Secondly, the APY on flexible terms goes up to 10%, while on fixed terms, the annual returns range from 6.50% to 14.75%. Investors will also be able to stake Tehter for 7 days during certain promotions/events for a 60-80% annualized yield. And finally, the withdrawal fees for Tether are relatively small. I.e., they range from 0.3 USDT to 1 USDT, depending on the network.

Besides staking Tether, BingX users will also be able to stake popular altcoins, like BTC and ETH, whose APYs go up to 10%. This platform is suitable for both beginners and advanced traders. It’s also partnered with notable cybersecurity firms.

Pros

  • Regulated in the US, Canada, and Europe
  • Locked-in periods for USDT range from 7 to 90 days
  • USDT staking comes with up to 10% APY
  • Suitable for both beginners and advanced traders

Cons

  • Limited fiat withdrawals

How to Compare Best Cryptp Staking Platforms and Apps

Platform Available Coins Minimum Staking Amount Staking Rewards (APY) Fees Security and Custody
MEXC 2000+ 1 for USDC and USDT, 0.0001 for BTC, and 0.001 for ETH from 1.68%-8% Withdrawal fees for BTC and ETH stand at 0.0002 and 0.002 2FA, anti-phishing code, regular audits
OKX 320+ None  up to 70% 5% commission fee for ETH staking 2FA, PoR data, cold storage, anti-phishing code
Binance 100+ 1,000 ATOM, 500 SOL up to 120% 0% fees on Tier 0 pairs + 25% to 35% service fee from earned staking rewards real-time monitoring, TSS, advanced data encryption
Bybit 1185+ 0.01 $ETH 0.46%-563.54%, depending on the staking pool no deposit fees, withdrawal fees will depend on the used cryptocurrency Advanced encryption, multi-signature cold wallets, 2-factor authentication
Margex 35+ $10 in the deposited currency up to 5% 0.060% for market orders and 0.019% for limited orders Multi-signature offline storage, real-time monitoring, access segregation system
Bitrue 1000+ 100 USDT 2%-114.8% 0.20%for XRP/BTC, XPR/USDT, XRP/ETH Multi-level account protection, 2-factor authentication, PIN
Nexo 39+ $1 in the deposited currency from 5% to 16%, depending on the crypto token and loyalty tier 15% of the total daily rewards Overcollateralization, 2FA, biometric identification, anti-phishing code
PrimeXBT 100+ Depending on the membership plan  

60% to 75% profit share

Withdrawal fees stand at 5 COV for the ERC-20 network and 2 COV for the BEP-20 network Encrypted SSL, Multi-signature access
Kucoin 700+ None 3.7% for ETH and 1.38% for KCS The withdrawal fee for ethereum stands at 0.01 ETH Safeguard program, multi-layer account, advanced encryption
BingX 700+ 0.9 – 1 USDT, depending on the network from 6.50% to 14.75% for USDT 0.3 – 10 USDT, depending on the network Bank-grade custody solution, partnered with external security experts

How to Choose the Best Platform for Staking

When looking for the best crypto staking platforms, pay attention to the following factors:

  • Supported Cryptocurrencies

The best platform for staking crypto will support different crypto assets, from the major crypto coins, like BTC and ETH, to the best altcoins. To make the most of it, give preference to sites that offer coins with large growth potential and high APYs.

  • APYs (Annual Percentage Yield)

When looking to stake crypto, aim to maximize gains. A higher APY means more passive income.

  • Security Measures

Opt for platforms that utilize strict security measures, such as advanced encryption, 2-factor authentication, and anti-phishing codes. Moreover, make sure they conduct regular audits.

  • Staking Duration

The best places to stake crypto will offer fixed and flexible staking terms. Most sites offer lock-up periods that range from 7 to 90 days. Make sure to read the Terms and Conditions section to find out everything about penalties for early unstaking.

  • Wallets

The best staking crypto platform must be compatible with the best crypto wallets. With that in mind, opt for sites that are compatible with popular wallets, like Metamask and Coinbase Wallet. You can also choose a platform that offers its native wallet, like Binance and Nexo.

  • Additional Features

Give an advantage to platforms that offer additional features like DeFi staking, ETH 2.0 staking, auto-savings options, and welcome bonuses. In addition to that, choose sites that have mobile apps and user-friendly interfaces.

  • Customer Support

A good crypto staking platform must have professional and highly responsive customer support that will be available 24/7.

  • Regulatory Compliance

Make sure to assess if the platform follows the necessary regulations and meets industry standards.

Benefits of Staking Crypto

Now that you know where to stake crypto, here are its main benefits:

  • Opportunity to Earn Passive Income
  • Lower Energy Consumption
  • Increased Value and Demand

Is Crypto Staking Worth It?

Staking is suitable for crypto investors who prefer long-term over short-term investments. Why? Because, unlike daily traders, they won’t have to worry about price fluctuations. This is also a good choice for hodlers since they’ll be able to capitalize on their trading strategy in the long run.

Moreover, this option can be useful for those who want to support a certain crypto project. Namely, anyone who becomes a token holder can vote on changes within the project’s ecosystem. A larger number of staked tokens equals greater voting power.

In short, crypto staking will be valuable for investors looking to generate higher returns over a longer period of time, as well as those looking to grow their portfolios.

Conclusion

As you can see, the best crypto staking platforms will offer staking rewards that come with lucrative APYs. They’ll also support all major cryptocurrencies and utilize rigid security measures. Some platforms will go a step further by offering native wallets, tokens, and mobile apps, which will further facilitate the staking process for their users. With that in mind, choose the platform that best suits your long-term or short-term staking plan.

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