8 January 2024

15 Coins That Offer Great Staking Rewards

By Ronald Smith

Earning passive income by staking your coins is a smart move. When you lock up a portion of your coins, you contribute to the blockchain’s operations and receive a small interest payment from paid transaction fees.

With more than 6,000 coins available today, I’ve curated a list of the 15 best ones to consider for staking. Let’s explore what each of them offers and the benefits they bring. Additionally, I’ve handpicked some of the top staking platforms that you can use with each token.

What is MetaMask and How Can You Use It?

MetaMask is an incredibly popular cryptocurrency wallet, boasting over 10 million monthly active users. It serves as a secure digital wallet for your crypto assets. Learn more about it here.

1. Solana (SOL)

15 Coins That Offer Great Staking Rewards

Solana is widely regarded as one of the fastest blockchains and one of the fastest-growing ecosystems across the globe. Its native currency, SOL, operates on the Solana network.

You can utilize SOL to engage in trading, buying, selling, and interacting with decentralized apps (DApps). It’s currently one of the most popular cryptocurrencies and serves as a compelling alternative to Ethereum.

With an average staking growth rate of 8% per year, Solana stands out as one of the top investment opportunities in the crypto world.

Here are some platforms that support Solana:

– Kraken

– SolFlare.com

– Solana

– Coinbase

– Exodus

– Binance

– FTX

Now, let’s move on to another exciting cryptocurrency.

## 2. Ethereum 2.0 (ETH)

15 Coins That Offer Great Staking Rewards

Hey there! Let me tell you about Ethereum 2.0 – the upgraded version of Ethereum. Now, you have the opportunity to invest and earn by staking ETH2. Staking ETH2 is simply putting your Ethereum to work, making it work harder for you. Pretty cool, right?

Ethereum 2.0 is not only faster, but it’s also more energy-efficient and scalable. It can handle more transactions and at a lower cost too! That’s why it’s considered one of the most secure cryptocurrencies out there. So if you’re thinking about staking Ethereum, you can expect an average annual percentage yield of 5%. Nice!

Supported platforms:
  • Binance
  • Lido
  • Exodus
  • Kraken
  • Stakewise Pool
  • RocketPool
  • Coinbase

3. Cosmos (ATOM)

15 Coins That Offer Great Staking Rewards

Blockchains are well-known for their inability to communicate with each other, which creates a challenge when it comes to conducting transactions. However, Cosmos has stepped in to address this issue. Cosmos is an ecosystem of decentralized apps (DApps) that serves as a bridge between different blockchains, enabling seamless and convenient transactions. In fact, it has earned the nickname “internet of blockchains”.

To participate in the Cosmos ecosystem, you will need to use its native token called ATOM. ATOM can be used for holding, buying, selling, and staking. By staking your ATOM, you can earn an annual yield of around 8-10%.

If you’re interested in getting involved with Cosmos, you can do so through various supported platforms. Some of these platforms include Cosmostation, KEPLR, Lunie, Trust, Ledger, Binance, Coinbase, and Atomic Wallet.

Now, let’s move on to the fourth cryptocurrency on our list – Binance Coin (BNB).

15 Coins That Offer Great Staking Rewards

Binance, the biggest and most popular cryptocurrency exchange platform, launched Binance Coin in September 2020. They call it BSC, and it works a lot like Ethereum 2.0. With BSC, you get faster transactions and lower fees. It’s pretty cool!

Binance Coin is a big deal for Binance. It helps the platform run smoothly and has some neat features. If you stake your BNB, you can even earn up to a 27% annual return on your investment. Just keep in mind that it can be pretty unpredictable, and your results may vary depending on the platform.

Here are some platforms that support Binance Coin:

– Binance

– Coinbase

– Ledger

– Trezor

– FTX

– Lido

Now let’s move on to Internet Computer (ICP). It’s number 5 on our list.

15 Coins That Offer Great Staking Rewards

The ICP token is like the money we use on the Internet Computer. It helps keep everything running smoothly and lets us make decisions together. When you have ICP tokens, you can use them to vote on important choices about how things work.

When you use the Internet Computer, there are some fees you have to pay. But don’t worry, you can use your ICP tokens to cover those costs. It’s pretty cool because you can also earn extra money by staking your ICP tokens. Just by holding them, you can make up to 15% more every year!

These are some platforms where you can use and trade ICP tokens:

– Binance

– Coinbase

– Kucoin

– OKEx

– Ledger

– Trezor

– FTX

Now let’s talk about another interesting cryptocurrency: Algorand (ALGO).

15 Coins That Offer Great Staking Rewards

The Algorand blockchain was designed to create an economy that has no borders, allowing everyone to participate. It operates exclusively using digital currency.

ALGO is the cryptocurrency of Algorand. It can be traded and used to purchase goods and services. Just like using a debit or credit card, you can pay the provider instantly and with minimal fees. There’s no need for third parties, contracts, or forms. Everything can be done instantly, and the transaction is recorded on the Algorand Blockchain.

By staking ALGO, users have the opportunity to earn extra money, with an annual percentage yield of up to 10%.

Supported platforms:
  • Binance
  • Coinbase
  • Kucoin
  • Kraken
  • OKEx
  • FTX
  • Lido
  • Ledger

7. Polkadot ($DOT)

15 Coins That Offer Great Staking Rewards

Hey there! Did you know that Polkadot is all about bringing different blockchains together? It’s like a big party where they can mingle and work together. This means you can make transactions between different blockchains, which makes things more convenient and safe. It’s kind of like what Cosmos does, you know?

Now, let me tell you about $DOT. It’s the special cryptocurrency for the Polkadot platform. You can use it for lots of things like governance, staking, and bonding. Oh, and if you stake your $DOT, you can earn up to a whopping 14% annual percentage yield. That’s pretty cool, right?

Here are some platforms that support Polkadot:
  • Binance
  • Coinbase
  • Kucoin
  • Kraken
  • OKEx
  • Ledger
  • Lido

Number 8 on our list is Terra (LUNA).

15 Coins That Offer Great Staking Rewards

Hey there! Let me tell you about this cool thing called Terra. It’s a special kind of blockchain that’s connected to different regular currencies like dollars and euros. They use a special token called LUNA to make sure everything stays stable. This LUNA token is all about staking, which basically means you hold onto it and get rewarded.

If you stake LUNA, you can earn anywhere from 5% to 25% each year. That’s a pretty sweet deal if you ask me!

Here are some platforms that support Terra:
  • Binance
  • Kucoin
  • OKEx
  • Terra Station
  • Lido
  • Ledger

9. Tezos (XTZ)

15 Coins That Offer Great Staking Rewards

Tezos, a word derived from ancient Greek meaning “smart contract,” is a decentralized ledger that utilizes blockchain technology. Its platform is powered by the cryptocurrency XTZ. They have an interesting term for staking, which they call “baking.” By becoming a baker or staker, you can earn attractive rewards for helping to stabilize their system.

The annual percentage reward for staking is approximately 5% to 6%.

These platforms support Tezos:
  • Binance
  • Kucoin
  • Kraken
  • OKEx
  • Exodus
  • Ledger
  • Trezor

10. VeChain (VET)

15 Coins That Offer Great Staking Rewards

Vechain caught its inspiration from Ethereum and kicked off with the VET token on the Ethereum blockchain. This enabled Vechain to establish its reputation and gather funds. Over time, Vechain built its own ecosystem, and now VET operates within its very own blockchain.

VET serves as a means of conducting transactions and has the capability to interact with DApps. Additionally, VET can be staked, allowing stakers to earn annual rewards ranging from 3% to 4%.

Here are some platforms that support VET:

– Binance

– Kucoin

– Kraken

– Exodus

– Ledger

Moving on to the next cryptocurrency…

11. Lisk (LSK)

15 Coins That Offer Great Staking Rewards

Lisk is not only a blockchain, but it’s also open-source, which means it can be shared and changed by anyone. Its main goal is to inspire both blockchain enthusiasts and developers. With Lisk, developers have the power to create their own blockchain applications, and the best part is that it’s based on JavaScript, making it more user-friendly. They want to make sure that everyone can get involved in blockchain technology and contribute to its development.

LSK is the currency used within the Lisk ecosystem to perform tasks and transactions. As a holder of LSK, you also have the ability to vote for your preferred delegate. Additionally, you can earn rewards by staking your LSK coins, with an annual return ranging from 5% to 6%.

Lisk is supported on various platforms, including Binance, Coinbase, Kucoin, Kraken, OKEx, Ledger, and Trezor.

Next, let’s talk about number 12 on the list – Loom Network (LOOM).

15 Coins That Offer Great Staking Rewards

In 2018, I founded Loom Network. Our goal was to create a platform that would make it easy for developers to build high-quality DApps. What sets us apart is our scalable infrastructure and the ability to create both public and private blockchains that are easy to optimize. To ensure stability, we also introduced a token called “LOOM,” which operates on a proof-of-stake system.

The great thing about staking LOOM is that you can earn generous rewards. Some platforms offer up to 25% per year! It’s a fantastic opportunity to grow your investment.

If you’re interested in staking LOOM, you’ll be happy to know that we support several platforms:

– Binance

– Kucoin

– Exodus

– FTX

– Ledger

– Trezor

Now, let’s move on to another exciting coin: Decred (DCR).

15 Coins That Offer Great Staking Rewards

Decred was created to address the scalability issue that Bitcoin faces. Unlike Bitcoin, Decred allows its community to have control and influence over the system’s processes and transactions within its own ecosystem.

 

Decred utilizes both Proof of Work and Proof of Stake consensus mechanisms. By staking their DCR tokens, users can earn annual returns of up to 7% to 10%.

Supported platforms:
  • Binance
  • Kucoin
  • Kraken
  • OKEx
  • Trezor

14. Icon (ICX)

15 Coins That Offer Great Staking Rewards

In 2018, Icon burst onto the scene with a bold mission: to create a unified platform where different industries and companies can collaborate and thrive. The beauty of Icon lies in its ability to bring together a vast network of participants, allowing them to work together seamlessly.

But that’s not all. Icon has its own cryptocurrency called ICX, which offers some impressive perks for its holders. By staking ICX, you can earn additional rewards ranging from a generous 6% all the way up to a jaw-dropping 36% annually.

But where can you find Icon?

Icon has made its mark on several popular platforms, ensuring that you can easily access and engage with this groundbreaking network:

  • Binance
  • Kucoin
  • Kraken
  • OKEx
  • Exodus
  • Ledger
  • Trezor

And let’s not forget about NEO (NEO)…

15 Coins That Offer Great Staking Rewards

Hey there! Let’s talk about NEO, an open-source blockchain and cryptocurrency. You might be interested to know that NEO was actually China’s first blockchain, and it was even nicknamed the “Ethereum killer.” Pretty cool, right? It’s all about smart contracts and supporting different kinds of decentralized apps.

Now, NEO has not just one, but two tokens: NEO and GAS. NEO is their main digital asset, while GAS works as a utility token for their network. So they both have their roles to play.

Oh, and here’s a nifty fact for you: if you stake your NEO tokens, you can earn a nice little reward of up to 8% per year. Not too shabby!

Supported platforms:
  • Binance
  • Kucoin
  • Kraken
  • OKEx
  • Exodus
  • Ledger

Important Note: Stalking vs. Holding

So here’s the thing, staking cryptocurrencies might seem like a good idea because of the high annual percentage yield. But let me tell you, there are risks involved. It’s important to understand that staking is not the same as holding.

Holding is pretty straightforward. You buy crypto and hold onto it for as long as it takes to make a decent profit. And whenever you want, you can cash out and get your money back.

Staking is a whole different ball game. When you stake, you’re basically locking up your funds for a specific period, like a year. The value of the crypto you’re staking could go up or down during that time, and you can’t do anything about it. You can’t make a profit or save your investment.

So before you dive into staking, take a step back and do some serious research. Think twice about the risks involved.