6 Best Crypto Staking Platforms

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Staking crypto is a popular way to earn a yield on assets. Here's our shortlist of the best cryptocurrency platforms for staking that you can consider:

1. Binance (best overall staking exchange)
2. Kraken (best exchange to stake Cardano)
3. ByBit (best staking platform for traders)
4. Coinbase (best place to stake in USA)
5. KuCoin (best platform for flexible staking)
6. Crypto.com (best crypto staking app)

Why We Picked These Platforms To Stake Your Crypto

1. Binance

Binance is a one-stop destination for its users to browse and invest their assets into staking programs to earn rewards. We found the exchange supports the widest selection of staking assets with 88 PoS tokens available under fixed, or flexible arrangements. Coins that can be staked on Binance include BNB, LUNA, SHIB, SOL, KSM, ATOM, VET, and many others. Binance is one of the few centralized exchanges that allows staking Shiba Inu.

A popular staking option is Binance Locked-Staking which offers a low entry barrier and high yield. This arrangement is ideal for those who can leave their assets in a staking wallet and forget it for a fixed duration such as 15, 30, 60, or 90 days. At the end of the fixed term, the original staked amount can be withdrawn or used for trading purposes.

Read our full Binance review.

2. Kraken

Kraken is a solid staking exchange for coins such as Ethereum 2.0, Solana, and Cardano. The platform streamlines the staking process with little effort required to earn rewards. The only downsides with Kraken staking are the bi-weekly payouts and staking fees. The con with Kraken is that staking is not available to USA residents after it was charged by the SEC.

Kraken's support for Proof-of-staking tokens through its soft-staking service appeals to retail investors who don't want to run a node. The 4th largest crypto exchange in the world supports 12 assets such as ETH2.0, DOT, ADA, SOL, KSM, ATOM, FLOW, KAVA, XTZ and ALGO.

Each coin can be staked without lock-in contracts or waiting periods. Furthermore, Kraken users have the flexibility to instantly un-stake and trade the funds on its world-class altcoin trading platform with competitive fees. The funds must be delegated to the staking wallet to commence the process.

Staking rewards are paid out twice a week every Monday and Thursday at 14:00 UTC. As opposed to other exchanges such as Binance and Crypto.com Exchange which have daily pay-outs, the compounding effect is slightly reduced with Kraken as the estimated rewards are calculated based on daily balances. Furthermore, there is a 15% staking fee applied which can vary depending on the coin and earned rewards.

Read our full Kraken review.

3. ByBit

ByBit is a staking platform where its Earn module lets you move your assets to a staking wallet to earn rewards. The staking rewards are paid out daily from the day after the tokens are deposited to the Bybit earn module. Moreover, Bybit does not charge a platform commission fee to provide the service and lets derivatives traders earn a staking yield on coins while in between trades.

At the time of writing, 22 cryptocurrencies can be staked on Bybit at the time of writing which include Ethereum, Solana, Cardano, and others. Like Binance, users on Bybit have the flexibility to choose between fixed and flexible staking arrangements. There are limited choices when it comes to fixed staking products, however, this won't worry traders who are earning rewards by staking in between trades. Staked tokens in a flexible plan can be withdrawn at any time.

Read our full review on Bybit exchange.

4. Coinbase

Coinbase is one of the world's most popular exchanges that offers one-click staking on its platform for its users to earn staking rewards on funds. Coinbase users can earn up to 5.0% APY on staking Cardano, Ethereum 2.0 (ETH2), Tezos (XTZ), Cosmos (ATOM) and USD Coin (USDC). The fees are higher than other options we've compared.

The staking offering on Coinbase is fairly limited compared to Binance, however, the benefit of staking with Coinbase is that investors within the United States are allowed to stake. Supported staking assets do not need to be purchased with Coinbase and can be transferred to the exchange from another wallet. Moreover, Coinbase does include the most popular coins to stake in its selection.

Other pros of staking on one of the biggest crypto exchanges include a low barrier for entry and a minimum staking amount of USD 1. Funds within a Coinbase wallet that are delegated for staking will automatically accrue rewards – this makes it useful for staking nodes who are worried about the risks associated with staking.

The con with Coinbase staking is the fees. The estimated returns depend on each staked token. Coinbase will distribute earned rewards minus a 25% commission for providing the service which is one of the higher fees in the market for staking crypto (on our list).

Read our complete Coinbase review.

5. Crypto.com

Crypto.com Earn is a service for investors to earn interest using crypto using the popular mobile application. You can earn staking rewards on 28 supported tokens held within the exchange wallet which is a good selection. There is also the option to stake more than 100,000 CRO tokens to increase the reward payouts for other coins.

The benefit of staking crypto with Crypto.com Exchange is the flexibility to transfer funds between the App and Exchange without fees and earn rewards based on the daily balance. There are no lock-up or fixed periods to stake tokens and can be withdrawn or transferred at any time. The staking rewards are calculated and paid out daily. There are minimum amounts for each coin to be aware of to qualify for staking interest.

Another advantage that Crypto.com Exchange offers is the ability to earn staking rewards on pending orders (e.g. limit orders) placed on the trading platform. There is a staking report to view all earned rewards on the exchange which can be exported to CSV and imported to a crypto tax program for tax obligations. Moreover, Crypto.com App features one of the best crypto apps for monitoring the performance of digital assets and is second to none in the market.

Read our full Crypto.com Earn review.

6. KuCoin

Pool-X Earn is the soft-staking terminal on KuCoin that has a wide selection of PoS tokens that can be delegated to a staking pool or fixed-term arrangement. There are multiple coins such as staking Tezos, Cosmos, Polkadot, and high-yield DeFi tokens that make it a suitable platform for investors chasing high yields. However, in our opinion, the user interface is a little complicated with many options to choose from which involve more than one 1-click to stake a particular coin.

A major benefit of using KuCoin for staking is the wide selection of other financial products such as interest accounts, mining pools, and lending services. Funds that are delegated under a flexible term can be un-staked at any time to use for trading or other services. KuCoin regularly features limited-time promotions and offers to stake coins with higher APYs. The offers are the lesser-known tokens that can also be bought and sold on the exchange directly or using the mobile app.

Read our full KuCoin review.

Crypto Staking Platforms Compared

This comparison guide provides an overview of the best one-click exchanges to stake cryptocurrency. For further information on each exchange, read our full reviews or visit the website.

PLATFORM	NUMBER OF COINS	STAKING FEE	RATING	PROMOTION	WEBSITE	REVIEW
Binance	88	None	Rating We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against. 4.8 / 5	Up to $100 welcome bonus	Visit Binance	Binance Review
ByBit	22	None	Rating We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against. 4.8 / 5	0% trading fees for 30 days (spot only)	Visit ByBit	ByBit Review
Kraken	12	15%	Rating We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against. 4.8 / 5	None available at this time	Visit Kraken	Kraken Review
Coinbase	4	25%	Rating We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against. 4.7 / 5	$5 BTC bonus (USA only)	Visit Coinbase	Coinbase Review
KuCoin	18	None	Rating We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against. 4.6 / 5	Up to 500 USDT in bonuses	Visit KuCoin	KuCoin Review
Crypto.com	28	None	Rating We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against. 4.2 / 5	None available at this time	Visit Crypto.com	Crypto.com Revie…

What Is Crypto Staking?

In short, staking crypto involves delegating tokens in wallets for a specific period to participate in the governance of the network. Staking is common with Proof-of-Stake (PoS) projects which involves validating transactions on the particular network protocol, creating a new block, and distributing newly minted coins as staking rewards. In return, the participants are given a percentage-based staking reward based on the number of tokens locked in for their contribution. To learn more, read our beginner's guide on what crypto staking is.

What Does Soft-Staking Mean?

Soft-staking is a process that allows individuals to use a crypto exchange to stake assets without having to lock in their funds or run a staking node. Holding funds on an exchange wallet is delegated to a mining pool with other participants to earn a share of the staking rewards. The benefit of soft staking or using ‘One-Click exchanges' is the flexibility to redeem staked funds at any time to trade or withdraw.

Frequently Asked Questions