Crypto staking is a new way of earning rewards from your cryptocurrency holdings. It works a little bit like traditional stock trading, but with the added bonus of earning rewards for holding your coins. What could be better than making a passive income with very little effort? One of the best ways to increase your investment in crypto is with crypto staking. Not only will you earn rewards by investing, but help to stabilize and increase the value of blockchain networks, which in turn boosts your projected returns. The best crypto staking platforms offer high returns of above 20% per annum. There are very few centralized investments that can offer investors those kinds of returns which is what makes crypto staking so attractive to investors. You can make use of a staking platform to streamline and automate the process of staking crypto. With so many crypto staking platforms to choose from, we will go over our top 12 of the best crypto staking platforms for both old and new stakers alike. Table of contents - [What is Crypto Staking?](#place1) - [How to stake cryptocurrencies](#place2) - [How to choose the best platform for crypto staking](#place3) - [Best crypto staking platforms to earn passive income](#place4) - [1. Coinbase](#place5) - [2. Binance](#place6) - [3. KuCoin](#place7) - [4. Gemini](#place8) - [5. UpHold](#place9) - [6. CakeDefi](#place10) - [7. Kraken](#place11) - [8. BitStamp](#place12) - [9. MyCointainer](#place13) - [10. Stake.Fish](#place14) - [11. Crypto.com](#place15) - [12. eToro](#place16) - [Conclusion](#place17) ## What is Crypto Staking? Crypto staking is the process of holding onto your cryptocurrency in order to support the blockchain network and earn rewards. When you stake your coins, you are essentially locking them up so that they can’t be used for transactions. In return for supporting the network, you earn interest on your stake. Staking is a great way to earn rewards on your investment without having to do any extra work. If you are interested in earning rewards from your crypto holdings, then staking is a good option for you. There are many different platforms that offer staking services, so be sure to do your research before choosing one. In order to start staking crypto, you must choose a crypto asset held on a blockchain that supports proof of stake. A proof-of-stake blockchain is a type of blockchain that uses a different method of security than the majority of blockchains. With a proof of stake blockchain, participants holding crypto tokens deposit these tokens into the node they are voting for. This constitutes a "stake" in the network, and as such, these nodes can earn rewards for verifying transactions and maintaining the network. Whereas with Bitcoin and other Proof-of-Work blockchain models, users who hold a large number of coins are more likely to be chosen to verify and append new blocks to the blockchain, with Proof-of-Stake this is not always the case. Proof-of-stake blockchains use a different algorithm than proof of work blockchains. The most common algorithm used in proof of stake blockchains is called Delegated Proof of Stake. This algorithm requires users to be chosen as validators on the blockchain. This means that users who are chosen as validators are most likely to be chosen because they have earned the trust of the community. Proof of stake algorithms are popular because they are energy efficient and require less CPU power than proof of work algorithms. To add new transactions to a ‘proof-of-stake’ blockchain, participants must first make a pledge to the protocol. From among these participants, the protocol then selects validators that will confirm blocks of transactions. The more crypto staking coins participants pledge (aka staking crypto), the higher chance they have of being selected as a validator and receiving a reward for successfully adding blocks onto the blockchain. This acts as a security blanket to make sure that stakers are getting rewarded for picking out trustworthy validators, and losing out when backing bad ones. There are a number of different ways to take part in the staking process without needing too much technical know-how. ## How to stake cryptocurrencies Cryptocurrency staking is a process by which users can earn rewards for holding onto their digital assets. By “staking” or holding cryptocurrencies in a wallet, users can help validate transactions on certain Proof-of-Stake (PoS) blockchains and earn rewards for doing so. In order to stake cryptocurrencies, users need to have a digital wallet that supports the cryptocurrency they wish to stake. Some popular cryptocurrency wallets that support staking include Trust Wallet, Atomic Wallet, and Coinbase Wallet. Once you have a supported wallet, you will need to deposit your chosen cryptocurrency into the wallet. Once the deposit is confirmed, you will be able to start staking crypto assets and earning staking rewards! There are a few different ways to stake crypto which we'll touch on below. First up, To stake your cryptocurrency, you can choose an exchange to handle the details for you. The exchange will find a node for you to stake your cryptocurrency and take a commission from your investment. Next, you could opt to join a staking pool. A staking pool is a collection of many crypto investors. These investors collectively invest their coins and share the profits of staking rewards, but need to be coordinated to avoid creating problems. Most pools are privately organized with high entry barriers because of the complexity involved. Another option is staking through DeFi. DeFi is the opposite of the traditional financial system. It allows you to stake crypto using a smart contract. DeFi relies on a specific blockchain network to facilitate trade and provides income for investors without trying to convince them to invest in an organization's token. Without any middleman, DeFi staking is often much cheaper. The final route is making use of a staking platform. One way to avoid pitfalls is to try staking services with the goal of uncovering sensible investments by entrusting them to the provider. They are useful because they offer a way to bypass some of the complexities while still being decentralized, which is one of the philosophical advantages of crypto investments. We will cover some tips for choosing the best staking platform below because choosing the right one can be really tough. ## How to choose the best platform for crypto staking When it comes to choosing the best platform for crypto staking, there are a few things you need to take into account. First and foremost, you need to make sure that the platform is reliable and secure. There are a lot of platforms out there that are simply not worth your time or money. Second, you need to make sure that the platform has a good reputation. There are a lot of platforms out there that claim to be the best but don't live up to their hype. Finally, you need to make sure that the platform suits your needs. Different platforms offer different features and benefits, so it's important to find one that fits your particular needs. There are also a couple of other key factors to consider when choosing the best crypto staking platform. ### User-friendliness In order for a crypto staking platform to be successful, it must be user-friendly. If users are not able to easily navigate the platform and find the information they need, they will likely move on to another platform. A user-friendly crypto staking platform will have an intuitive design that is easy to use. It should also provide all of the information that users need in order to make informed decisions about their investments. ### Competitive fees When it comes to staking your cryptocurrency, you want to choose a platform with low fees so you can maximize your earnings. With a platform that charges high fees, you will end up losing a significant portion of your earnings to those fees. When choosing a crypto staking platform, be sure to compare the fees charged by each one so you can choose the one that will give you the most bang for your buck. ### Network compatibility Not all staking platforms support every single cryptocurrency and blockchain network. The majority support the big players like Ether, Bitcoin and Solana, but if you want to stake lesser-known alt coins, you should check that your staking platform is compatible with the network. ### Client support When you are choosing a crypto staking platform, it is important to consider the customer support that is available. A good customer support team can help you with any questions or problems that you may have, and they can also help to resolve any issues that may arise. Having a good customer support team available can make a big difference in your overall experience with the platform, so it is definitely something to keep in mind. Read a couple reviews of your shortlisted platforms to get a better sense of the type of support they offer. ## Best crypto staking platforms to earn passive income It's no secret that crypto staking has become one of the most popular ways to earn passive income from digital assets. But with so many different staking platforms to choose from, it can be difficult to decide which one is right for you. To help you make an informed decision, we've put together a list of the best crypto staking platforms available today. We've also included a brief overview of each platform so you can easily compare and contrast the different features on offer. So, without further ado, here are the best crypto staking platforms to earn passive income: ### 1. [Coinbase](https://www.coinbase.com)

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