Best Crypto Staking Platforms – Top 5 List

Cryptocurrencies becoming mainstream has given rise to more than a few crypto staking platforms. The best crypto staking platforms among them offer

As cryptocurrencies continue to gain mainstream adoption, several crypto staking platforms have emerged. Among them, the best crypto staking platforms combine high annual percentage yields (APYs) with robust security features.

The ability to generate gains by simply holding crypto has become increasingly valuable, especially amidst the market volatility. Some of the best options offer APYs ranging from 5% to 20%, and even many new crypto presales now come with this option.

However, this guide will focus on up and running projects with strong staking facilities. Some exchanges offer unique earn programs, others facilitate chain staking through wallets, and there are also programs that focus exclusively on staking.

Best Crypto Staking Platforms – Top 5 List

Best Wallet

Best Wallet is a multi-utility wallet offering wallet-based on-chain staking featuring industry-high APY through the Best Wallet ecosystem. The staking options available on this platform are diverse thanks to Best Wallet’s integration of over 60 cryptocurrencies.

Accessing the staking perks on this platform is a simple matter of opening the mobile app, going to the apps menu, and selecting staking. Multiple cryptos are available for staking, offering high yields ranging from 5% to 20%.

That said, Best Wallet’s staking perks aren’t limited to what is provided on the platform. It also offers a link to RocketPool and Lido, allowing investors to engage with more nuanced forms of staking opportunities.

These features are complemented by top-tier security features that include both 2FA and crypto fund insurance through FireBlocks. FireBlocks also allows investors to use Best Wallet without having to use a passphrase. Accessibility is simple using an email and phone number.

In addition to staking and standard wallet functionalities, Best Wallet also acts as a crypto trading platform, enabling users to buy and sell crypto using fiat. There is also a token launchpad featured on the website, allowing users to invest in crypto ICOs.

That said, since the wallet is decentralized and is powered by a DAO crypto known as BEST, many of the features listed on the website are being steadily introduced. This means that more staking options could open in the future. 

Due to these features, Best Wallet has been called the best cryptocurrency wallet by the likes of ClayBro, a prominent YouTuber with over 100K followers. These are just a few of the reasons why Best Wallet is one of the best crypto staking platforms on the market.

Ankr

Ankr is another one of the best crypto staking platforms on the market thanks to its versatile and dedicated approach to staking. The key feature that makes it enticing to most cryptocurrency investors is Liquid Staking. With Liquid Staking, users can stake their tokens and receive liquid staking tokens in return. Maintaining a 1:1 ratio with the staked assets, these tokens can be utilized in various DeFi ecosystems for additional rewards.

Ankr also provides delegated staking, suitable for those not wanting to manage validator nodes themselves. Those using delegated staking can monitor the validators using a simple UI, which makes it suitable for beginners.

Additional features of Ankr include a Parachain Crowdloan, which is enabled within the Polkadot ecosystem. Users can contribute crypto to support specific projects that are vying for a parachain slot and earn rewards in return.

At the time of writing, cryptos available for liquid staking include Ethereum, Flow, Avalanche, BNB, Polkadot, and Sui, offering Annual Percentage Returns (APRs) ranging from 2.5% to 8.9%. Only two cryptos are available for delegated staking, however, and they are ANKR and GNO.

Uphold

Uphold is also one of the best crypto staking platforms in the world that offers upwards of 14.4% on your staked crypto. The staking approach on this platform is also simple, requiring users only to select the stake options for their stored crypto.

At the time of writing, 19 cryptocurrencies can be staked on the platform. The highest staking reward is for staking Cosmos at 14.4%. The minimum staking reward is for staking Hedera, which only offers 0.1045% rewards.

According to Uphold, these rewards are given to people on a weekly basis and are paid in terms of the crypto that has been staked. For example, those who stake Cosmos will receive staking rewards in terms of Cosmos only.

Like most crypto staking platforms, the rewards vary depending on the chain. However, factors like network demand and activity can also influence the APYs.

While the main options for staking on this platform involve locked staking, Flexible staking is also available here.

That being said, there is a fee associated with staking. Uphold clearly states that it takes 20 to 25% commission based on the asset being staked.

Margex

Referring to itself as a crypto trading boutique, Margex is another top crypto staking platform offering daily interest on crypto. According to the official website,