by Analytics Insight
February 28, 2022
Crypto staking platforms are extensively used by investors to gain more profits in their crypto wallets
With the rising popularity of Proof-of-stake tokens, crypto staking has gained increasing attention from investors. As a result, many crypto exchanges are offering investors the opportunity to stake crypto. However, how do you know the best crypto staking platform to invest with?
We’ve put together a review of top exchanges for staking crypto. Investors looking to diversify their income stream or take a break from the rigors of trading will find this review an exciting read!
The Best Crypto Staking Platforms in 2022
Choosing the best staking platform is always a good idea. These are the best crypto staking platforms we recommend:
1. AQRU – The best crypto staking platform with up to 12% interest
2. eToro – Popular crypto staking platform with copy trading tools
3. Crypto.com – Trusted crypto staking platform with up to 14.5% pa rewards
4. Binance – High liquidity crypto staking platform
5. Coinbase – Beginner-friendly platform for staking crypto
Top Crypto Staking Platforms Reviewed
Here’s an in-depth review of the top platforms for staking crypto:
1. AQRU – The best crypto staking platform with up to 12% interest
Ever wondered why so many crypto traders have a hard time generating returns from their cryptocurrency holdings? AQRU was launched by a skilled group of investment, payment, and technology professionals.
The cryptocurrency market was created to make financial services available to everyone, but it has quickly become complex, full of jargon, and inaccessible to average investors. AQRU intends to change that. Providing access to a user-friendly crypto staking platform that allows you to convert fiat into crypto and start earning high returns on your preferred crypto assets right away.
AQRU accepts both individual and corporate traders. For more information about joining AQRU as a corporate customer, you can email onboarding@accru.finance.
What fees does AQRU charge?
There is no fee for withdrawing funds from the platform in fiat currency. There is a $20 fee for cryptocurrency withdrawals, which is charged in the currency of the asset being withdrawn.
When it comes to payment methods, AQRU accepts card payments, bank transfers, and wallet-to-wallet crypto payments (currently supporting BTC, ETH, USDT, USDC, DAI).
Additionally, there are no withdrawal minimums, provided that you cover the fees. The minimum deposit is also low at just €100.
Is AQRU regulated?
Yes. Accru Finance UAB (company number 305944953) provides virtual asset exchange and custody services in accordance with Republic of Lithuania legal regulations. Accru Finance UAB has recently completed all relevant legal standards to act as a virtual assets service provider (VASP) under Lithuanian law as of 21 January 2022.
AQRU works in partnership with Fireblocks, a top-rated crypto wallet infrastructure provider, to maintain the best security of crypto assets. This best crypto staking platform also has a $30 million policy should any assets be stolen by hackers.
What about the crypto staking interest rates?
On stablecoins, you’ll get a flat 12% interest rate, 7% on Ethereum, and 7% on Bitcoin. You’ll also have the flexibility to make deposits and withdrawals of cryptocurrencies and fiat currencies on a daily basis.
Cryptoassets are a highly volatile unregulated investment product.
2. eToro – Popular crypto staking platform with copy trading tools
eToro, established in January 2007, is a well-known online cryptocurrency trader. Low costs and excellent analytical and trading tools distinguish eToro from competitors. It features a CopyTrade tool, which allows you to copy successful trades of highly experienced traders for free.
Deposits on eToro are also free, but there’s a $5 withdrawal fee. The platform accepts bank transfers, credit/debit cards, and e-wallets like PayPal. The minimum deposit amount on eToro is $10. You can store your crypto in an eToro Wallet, which is the platform’s hot wallet storage facility.
Staking payouts at eToro are among the most substantial on the market, starting at 75% of the staking yield. To offset operational, technological, and legal costs, eToro keeps a modest fraction of the profit as a fee.
Cryptoassets are a highly volatile unregulated investment product.
3. Crypto.com – Trusted crypto staking platform with up to 14.5% pa rewards
Crypto.com is one of the leading crypto exchanges that offer a wide range of services from regular trading and investing, to crypto staking, NFTs, wallets, and more. This popular exchange supports over 250 altcoins, has competitive fees, and offers rewards for crypto-enthusiasts who hold Crypto.com coins (CRO).
To preserve account security, Crypto.com employs a variety of safety protocols, including multi-factor authentication (MFA) and whitelisting.
Crypto.com uses rigorous compliance monitoring and maintains customer deposits offline in cold storage in addition to its security procedures. It also collaborates with local banks in the United States to provide FDIC insurance on U.S. currency holdings of up to $250,000.
In terms of crypto staking rewards, Crypto.com lets users earn up to 14.5% p.a. for stablecoins, and 8.5% for BTC and ETH. Moreover, this leading crypto staking exchange has a huge range of supported tokens and coins; 40+ to be precise. There’s also a convenient crypto staking app that you can download to your mobile device and make your crypto work for you anytime and anywhere.
Cryptoassets are a highly volatile unregulated investment product.
How Does Crypto Staking Work?
Staking is the next step in the crypto mining process, which makes the blockchain work. Mining is a proof-of-work (PoW) mechanism where the computer that completes a task the fastest (for example, translating a document or adding data to the blockchain) gets rewarded in cryptocurrency.
This means that every machine on the network is constantly scrambling to complete tasks first, wasting a lot of energy. Staking is done via the proof-of-stake algorithm (PoS). The blockchain achieves this by designating a machine to perform the task at hand randomly.
To stake, you set aside a certain amount of your assets of the blockchain’s native token (for example, on Ethereum’s blockchain, your ETH), and the amount you stake impacts your chances of receiving the assignment.
You’re essentially pledging a portion of your wallet to the blockchain as collateral when you stake crypto. This signifies that a portion of your wallet has been locked up for a set amount of time. It’s still your money if you unstake it, although this may not be possible right now.
You’ll also need a minimum amount of the native coin to start staking on some blockchains. You have a better chance of completing the objective if you wager more. You’re paid when you complete the staking period, much like mining.
The Best Crypto Coins for Staking
1. Ethereum 2.0 (ETH)
Staking rewards on Ethereum range from 5% to 21%, a rather significant percentage. On average, it may provide a strong return on investment (ROI) of roughly 7.5% every year.
2. Algorand (ALGO)
Depending on the crypto staking platform you use, the staking incentives for this currency range from 5% to 10%.
3. Cosmos (ATOM)
Cosmos is considered one of the best new cryptocurrencies to invest in. It generates an average return of 8-10% for stakers.
How to Stake Crypto on AQRU
This section is a step-by-step guide to staking crypto on our overall best crypto staking platform, AQRU:
- Create an account – Visit the AQRU official website and create an account. You’ll need to go through the standard KYC process to verify your account.
- Fund your account – The minimum deposit amount is €100 and you can use the card, bank transfer or wallet-to-wallet cryptocurrency payments.
- Deposit or Invest in Cryptos – Buy cryptocurrency such Ether, Bitcoin, or several stablecoins. These are the assets investors can stake on AQRU.
- Stake your asset – If you place funds in BTC, ETH, or one of the supported stablecoins you’ll start earning annual rewards of 7% and 12% APY respectively.
Cryptoassets are a highly volatile unregulated investment product.