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Home / Impact Feature / 5 Best Crypto Staking Platform in May 2022

5 Best Crypto Staking Platform in May 2022

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There are a myriad of crypto staking platforms in the market at present. We will help you find one that best fits your needs.

Find out the best crypto staking platforms in May 2022. In this article, we list the top five platforms for staking crypto and their competitive advantages. Read on to learn more

Crypto is exciting. Sometimes, a little too much.

Crypto is exciting. Sometimes, a little too much.

Not everyone has the time or resources to keep tabs on the market throughout the day and fine-tune their investment strategies. This is where crypto staking platforms come in handy. They let you earn passive income on your crypto holdingsusing advanced yield generation strategies, while you focus on things you excel at.

Not everyone has the time or resources to keep tabs on the market throughout the day and fine-tune their investment strategies. This is where crypto staking platforms come in handy. They let you earn passive income on your crypto holdingsusing advanced yield generation strategies, while you focus on things you excel at.

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There are a myriad of crypto staking platforms in the market at present. We will help you find one that best fits your needs.

Top 5 Crypto Staking Platforms

We have compiled a list of the best platforms for staking crypto after analyzing their fees, lock-in conditions, reward system, security measures, and usability among other factors.

1.AQRU — The Best Crypto Staking Platform in 2022

2. Binance — Crypto Exchange with Allied Services

3. Crypto.com — Easy-to-use Staking Platform for Mobile Users

4. Kraken — For On-chain and Off-chain Staking

5. BlockFi — Staking Account with Competitive Returns

A Closer Look at the Best Staking Platforms for Crypto

Here is a deep dive into the top crypto staking platforms of this month with the best earning opportunities.

1.AQRU — The Best Crypto Staking Platform in 2022

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The key defining feature of the platform is its flexibility.
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AQRU is an easy-to-use application that shows the most potential in the crypto staking arena. It allows you to earn attractive returns on robust coins like Bitcoin, Ethereum, USDT, USDC, and DAI.

The key defining feature of the platform is its flexibility. You can deposit your assets on the platform in a few clicks by crypto transfer, bank transfer, or credit card payment. Deposits come at zero cost. More importantly, there is no lock-in period on AQRU, unlike most crypto staking platforms that mandate users to deposit their funds for a fixed period of time.

In fact, you can withdraw your funds from the platform within 24 hours of depositing if you choose to. How does it work? AQRU distributes staking rewards daily, tracked to the second! There is no fee on withdrawals, either, if done in fiat currency. On the other hand, crypto withdrawals amount to a small fee of $20.

Given the highly volatile nature of cryptocurrencies, we need platforms that have a sustainable vision of growth. We have seen how massive, unrealistic promises can be fatal for crypto platforms in the long run. This is one of the key reasons why AQRU tops our list of the best crypto staking platforms. It brings exciting yield opportunities to the market, harnessing the skills and expertise of a professional team of investors.

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The in-house risk management committee reviews and monitors the yield generation strategies, keeping in line with the latest trends and developments in the industry.
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The deposits are strategically distributed across different crypto platforms using the latest resources and analytical tools. The in-house risk management committee reviews and monitors the yield generation strategies, keeping in line with the latest trends and developments in the industry. This ensures consistent returns for stakers.

AQRU is designed with a special emphasis on security. It uses the latest Multi-Sig technology from the leading wallet provider Fireblocks to give users peace of mind while investing their money. Additionally, it offers a multi-layered insurance policy against hacking. These advanced security measures have played an integral role in expanding the platform’s user base across the globe in a short span of time.

2. Binance — Crypto Exchange with Allied Services

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The three primary options for Binance staking are flexible savings, locked savings, and locked staking.
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Binance is one of the most widely used crypto exchanges in the world. Its mass appeal can be attributed to its user-friendly interface, competent fee structure, and wide ecosystem to a great extent. Binance Earn, the crypto savings account on Binance, becomes one of the best staking platforms for crypto owing to these features.

It offers a great variety of options to generate passive income. Based on your risk profile, time horizon, and desired returns, you can choose an option that best suits you. The three primary options for Binance staking are flexible savings, locked savings, and locked staking.

While all three allow you to earn passive income on your deposits, the third one specifically refers to PoS staking. As the name implies, flexible savings are open to changes. Here, you can deposit and withdraw your funds anytime. You can go for this option instead of holding your assets in the spot wallet to make more of them without compromising on accessibility.

For better returns, you can opt for locked savings. This comes with strings, though. You can’t access your money as you please, for starters, since the rewards are accrued for a defined term ranging from 7 to 90 days. The reward rate and duration of locked savings are fixed. In the volatile crypto market, this may not be desirable.

There is also the option to lock PoS coins for staking rewards. In this case, your coins are redistributed for blockchain validation rather than lending or liquidity generation. Here too, the period ranges from 7 to 90 days. The longer the holding period, the higher the rewards from Binance staking.

3. Crypto.com — Easy-to-use Staking Platform for Mobile Users

The leading exchange Crypto.com also offers staking services on its platform. The user-friendly mobile application makes staking easy for novice users with intuitive navigation and simple tools. The best thing is, you can track your allocations and earnings on the go for on-time decision-making. And it comes with the wide Crypto.com ecosystem, which is a one-stop-shop for buying, selling, and earning cryptocurrencies.

Crypto.com staking rewards are calculated daily and distributed every seven days on the platform. If the 1-month and 3-month staking periods feel too constricting, you can opt for flexible-term deposits instead. The rewards increase with the time you lock in your assets. However, the reward rates are also dependent on the asset, the tier, and the CRO (native cryptocurrency of Crypto.com) staked on the platform.

Crypto.com staking follows a tiered structure that determines some of the most crucial aspects of the service. For example, the maximum limit of allocations. While you’re allowed to make different allocations of assets for different terms, you should always be aware not to cross the limit prescribed for your tier. There is also a minimum deposit limit, which varies for each coin.

The tiered reward structure comes at the cost of usability. CRO staking requirements, too, stop users from making the most of the platform.

4. Kraken — For On-chain and Off-chain Staking

Kraken empowers you to earn rewards on crypto holdings through its staking platform. Rather than leaving your assets in the spot wallet, you can move them to Kraken staking accounts and generate passive income. The staking rewards automatically accrue twice a week. And you can unstake your assets at any time with no penalties.

Kraken intends to motivate users to acquire and hold onto staking assets through this approach without hindering accessibility. However, some Kraken staking coins have a bonding period. They are ready to earn rewards only after the bonding period is completed.

You can stake both on-chain and off-chain from the platform. In off-chain staking, the pooled assets are redistributed across Kraken’s internal programs to generate profits using different strategies. Later, these are sent back to users with accrued rewards. (It is important to note that off-chain staking is not available in all countries.) On-chain staking, on the other hand, uses the staked coins for Proof-of-Stake blockchain validation. This covers coins like Ethereum, Cardano, Cosmos, Flow, and Polkadot among others.

5. BlockFi — Staking Account with Competitive Returns

BlockFi allows you to earn competitive returns on your crypto deposits with BlockFi Interest Accounts (BIA). Assets locked in BIA will accrue monthly compounding crypto staking rewards starting from the day after depositing. They are paid to account holders at the end of each month. All deposits and reward accumulation are facilitated by BlockFi Wallet. It comes with zero hidden fees and zero minimum balance.

The staking platform is accessible from a user-friendly mobile application, where you can use other financial services as well. It allows you to keep track of your assets and earnings with ease. In addition to managing your crypto portfolio, you can also get access to simple financial tools that help you tweak your investment strategies.

The BIA is unavailable only to US clients, though. Even if you are from non-US countries, make sure to check the eligibility conditions before staking.

Conclusion

As you can see, all the crypto staking platforms discussed above maintain an edge in the market in their unique ways. However, if you’re looking for the best crypto staking platform out there, the answer is AQRU. The platform offers attractive yields with no lock-in period. It has advanced security measures that guarantee multiple layers of protection to staked assets. If that’s not reason enough, the staking rewards are calculated daily, and tracked to the second!

Disclaimer: This article is a paid publication and does not have journalistic/ editorial involvement of Hindustan Times. Hindustan Times does not endorse/ subscribe to the contents of the article/advertisement and/or views expressed herein.The reader is further advised that Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.Hindustan Times shall not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the views, opinions, announcements, declarations, affirmations etc., stated/featured in same. The decision to read hereinafter is purely a matter of choice and shall be construed as an express undertaking/guarantee in favour of Hindustan Times of being absolved from any/ all potential legal action, or enforceable claims. The content may be for information and awareness purposes and does not constitute a financial advice.

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