Top 15 Best Staking Crypto in 2024: Highest APY & Rewards

Investing and trading crypto are not the only ways to capitalize in this niche – did you know that you can earn passive income by choosing the best staking coins? This article explains what the staking process is and how you can earn rewards, nlists the benefits and risks of staking, and covers the top 15 best coins to stake.

What Is Crypto Staking and How Does It Work?

Before we take a look at the best staking coins, let’s start with a quick definition. Staking is a process during which users may receive incentives when they lock up assets. These staking rewards are usually paid out in the form of the same tokens. The project and its blockchain determine the precise quantity of staked tokens, the technique used, and the period of staking. Providing a source of passive income and allowing users to expand their holdings exponentially, staking has gained immense popularity.

By placing their digital assets into a specific account or blockchain, token holders help validate transactions. Although it’s not possible in all blockchains, staking is used with the Proof-of-Stake (PoS) consensus mechanism, as well as delegated Proof-of-Stake (DPoS). Holders can stake coins on centralized exchanges, in DeFi (decentralized finance) services, and in third-party platforms, including OWNR Wallet.

Top 15 Cryptocurrencies With High Staking Yields

Although there are still staking platforms promising more than 100% APY, this list includes more well-balanced staking options. These best staking coins have proven to be safe, so you can expect moderate yields and no surprises such as scam pools. In this article, we’ll tell you why a given cryptocurrency is worth holding, and provide staking instructions. Note that the majority of these best staking crypto can be purchased via OWNR Wallet.

1. Cardano (ADA)

ADA investors generate passive income by contributing to the security and safety of the network. You can organize the Cardano staking process in three ways:

• Delegating.
• Centralized staking platforms.
• With a full node wallet.

The average APY if you stake Cardano with a non-custodial wallet is 4.6%, but if you possess the technical know-how to establish a Cardano stake pool, returns might rise to 22.8%.

2. Tezos (XTZ)

Tezos is among the top 50 coins, with a market capitalization exceeding $1 bln. The Tezos staking process can be set up in three ways:

• Stake Tezos by delegating to a baker with a non-custodial wallet (5.31% APY).
• Use centralized staking platforms (3% to 7% APY).
• Manage a node (a process referred to as baking).

If you're baking Tezos (running a node), you'll earn an estimated 5.89% APR.

3. Cosmos (ATOM)

A Simapp application and technical know-how are required to run a Cosmos node. The minimum ATOM staking deposit must exceed the balance of the 175th active validator, which is subject to change and currently stands at approximately 86,000 ATOM. You can increase your voting power by allowing other ATOM investors to delegate to you.

At the time of writing, stakers with a validator node may earn up to 25.2% APR, while delegators who stake ATOM can earn 23.3% APR. Centralized exchanges offer staking rewards of 6% to 21%.

4. Akash (AKT)

Akash is an open-source cloud network with Keplr used as its main wallet. After purchasing AKT on BitMart or a similar exchange, you just need to choose a validator to stake your assets with. After that, choose how much AKT to stake. So far, your highest APY can reach 34.20% – quite substantial rewards.

5. Algorand (ALGO)

Staking Algo is quite simple: just visit the Algo Governance Portal and link your wallet (WalletConnect, Defly, Pera, MyAlgo, etc.). Then send ALGOs, provide the transaction amount, and sign the document. Make sure that you are registering your ALGO within an active sign-up period.

Staking directly with a non-custodial wallet provides an estimated 7.2% APR through ALGO governance incentives. Centralized cryptocurrency exchanges offer staking rewards from 1% to 6%.

6. NEAR (NEAR)

NEAR Protocol is a dApp platform with smart contract capabilities that uses sharding technology to create the Web3 of the future. You'll need to install Docker and nearup, as well as handle some inline code, so operating a node requires a high level of technical proficiency. In addition, a minimum NEAR staking deposit equal to the current seat price is required. This is 25,205 NEAR as of the time of writing, or $48,645 at the current exchange rate. Running a node will give you 9.9% APR, while delegating NEAR tokens brings a 9.2% APR. The choice is evident!

7. SushiSwap (SUSHI)

SUSHI coins are available on many well-known exchanges (OKEx, Huobi, and Binance) and are supported by wallets like Atomic Wallet and MetaMask. The profits from staking SUSHI can be exchanged for tokens that let you utilize other platforms, or for voting rights. Yearly staking rewards stay stable, ranging from 7% to 10%.

8. Avalanche (AVAX)

To stake AVAX, you need the Avalanche Wallet and the software of AvalancheGo node (or a third-party solution), plus a bit of coding expertise. In addition, you will require a minimum of 2,000 AVAX, which is worth $79,060 at the time of writing!

What about yields?

• Validators earn an estimated 9.51% APR.
• Delegating your AVAX will bring you a 8.94% APR.
• On centralized exchanges, rates vary between 6% to 10%.

9. Polkadot (DOT)

The Polkadot project represents a scalable, multi-chain technology from Ethereum creator Gavin Wood. So far, the minimum investment required to begin receiving incentives is 40 DOT ($200), and 350 DOT ($2,854) if you plan to establish a validator node. With an average APY of 14%, DOT are simple and convenient coins to stake. You can buy and stake DOT on large exchanges, including Binance and Kraken.

10. Hedera (HBAR)

Hedera Hashgraph is a decentralized open network for the creation of corporate solutions and dApps. Users can assign their tokens to a network of reliable validators who protect the network and take part in a consensus mechanism. You can also contribute to the network security and governance by staking HBAR and enjoy an APY of 6.5%.

11. Solana (SOL)

Staking on the Solana network does not let you control your own node, but you may stake your coins with more than 640 validators. Expected APY varies from 7% to 11%, but your returns can multiply with the stellar growth of the SOL price. It can be staked using Exodus, Atomic Wallet, Ledger, and MathWallet.

12. Polygon (MATIC)

You can assign your tokens to a public validator directly, or lock them up on a centralized exchange. If you want to stake MATIC on a DeFi platform, you will need to connect your MetaMask wallet. The amount of coins you stake determines the anticipated payout. Maximum APY is about 14%.

13. Osmosis (OSMO)

Osmosis is an innovative AMM protocol that provides developers with complete control and customization tools. You can take part in a governance process that aids in managing liquid staking pools by staking OSMO tokens. The current APY rate of Osmosis is 5.57%

14. Bitcoin Minetrix (BTCMTX)

This is a unique stake-to-mine project that raised over $4 mln in presale. You can obtain cloud mining power for Bitcoin by staking BTCMTX, the native token of Bitcoin Minetrix. Mined credits can be exchanged for BTC rewards (which you can encash with OWNR Wallet). From our list, BTCMTX has the highest staking rewards – estimated APY is 59% (at the time of launching, their highest yields exceeded 1,000% APY), but it keeps decreasing with the number of participants and coins to stake.

15. Kava (KAVA)

Here, staking follows the classic model: users assign their tokens to Kava network validators, who guard the network and keep verifying transactions. Also, users may take part in platform governance and receive staking incentives. No coding or huge investments are required: you can enjoy 5% to 8% APY on centralized exchanges, or higher percentages with Atomic Wallet (19%) and OWNR Wallet.

Guide to Selecting the Best Coin for Crypto Staking

So, how to select the best coin for staking? Those who understand staking principles will tell you that profitability is not the only factor to consider. You should also take into account minimum stake volume requirements, possible risks, and the stability of the platform. Let’s dive deeper into these aspects.

• Comprehend the concept of staking and learn about its risks: coins are frequently held for a predetermined amount of time and stay volatile.
• Examine the crypto project, its goals and offerings. An extensive examination of the project's utility, development team, roadmap, and community involvement is essential when choosing a currency.
• Assess profitability and potential staking rewards. This is usually expressed as an annual percentage yield (APY).
• Think about your long-term prospects. Look for currencies with strong applications, cutting-edge technology, and room to develop over time.
• Evaluate possible risks. Coins may lose value as a result of market instability. Additionally, there's the chance of the project failing or of the staking platform experiencing technical difficulties.
• Learn about the staking procedure and conditions. Some platforms require you to operate particular nodes, retain a minimum amount of money, or lock your coins for a predetermined amount of time.
• Assess liquidity. Prior to engaging in staking, take into account your own financial circumstances and liquidity requirements.
• Prioritize security. Choose a trustworthy site to stake your crypto holdings. Reliable staking platforms or hardware wallets are great options.

Overview of Crypto Staking Rewards and Interest

Staking rewards are comparable to interest earned on a conventional bank account. This is how it works:

1. Stakers safeguard the network and approve new blockchain transactions in a proof-of-stake (PoS) blockchain.
2. A PoS system depends on the quantity of staked coins which are used as collateral (instead of computing capacity, as with Bitcoin and other proof-of-work systems).
3. Participants show they have an interest in the network's good conduct, and get staking rewards in exchange.

There are several ways to get income: receive newly minted tokens, or share a percentage of transaction fees collected from the new blocks that signers verify. The interest depends on the wallet or staking pools’ policies: some offer a fixed APY, while others alter it depending on the amount of coins locked up.

Risks and Challenges Associated With Crypto Staking

What distinguishes the best staking coins? Among others, lower risks. Here are the threats of staking you should be aware of:

• Because of serious market volatility, cryptocurrency values might drop sharply. If your asset’s price declines significantly, you might not be able to cover your losses.
• You cannot always "unstake" your cryptocurrency, although on certain platforms, this process might take up to seven days. Centralized exchanges provide instantaneous withdrawals through adjustable staking (but they offer lower APYs).
• Unless a platform allows for withdrawals at any time, you won’t be able to manage your locked assets.

Staking Pool Explained

Staking pools are collective resources where several users combine their crypto assets in order to increase the probability of rewards. These pools eliminate the need for in-depth technical knowledge by allowing anyone to join, regardless of their asset volume. Keep in mind that staking pools deduct commissions from your gains, and the duration of the lock-up period has an influence on APYs.

Conclusion on Crypto Staking

Crypto staking can be an awesome source of passive income, but you should always consider your financial goals and risk tolerance. There is always a danger of coin price drop or technical problems on platforms – no one can give you 100% guarantees. To select the best staking coin, do your own research and never invest money that you are not ready to lose.

FAQs

What's the difference between validators and delegators in staking?

Validators are responsible for validating transactions and securing the blockchain network in staking protocols. Delegators send their tokens to validators and earn staking rewards for supporting the network without directly participating in the transaction validation process.

What's the difference between APR and APY?

APR (Annual Percentage Rate) represents the yearly interest rate without compounding. APY (Annual Percentage Yield) considers compound interest, reflecting the actual return including reinvestment of these percentages. APY tends to be higher due to compounding effects, providing a more accurate measure of investment growth.

Which crypto gives the highest staking?

In the above-mentioned list, the best crypto coins in terms of APY are ATOM, AKT and BTCMTX.

What's the difference between reward and adjusted reward?

Reward (APR) is the percentage that you will earn over the course of a year. An adjusted reward accounts for the yearly dilution of a certain cryptocurrency, i.e. the increase in the token supply.

Which coins have the highest ROI staking?

In 2024, the best crypto coins in terms of returns are Bitcoin Minetrix (BTCMTX) and TG Casino (TGC).

What is the most stable staking coin?

Stablecoins like DAI, USDT and USDC are the safest ones because they are not prone to price fluctuations. Plus, you can stake crypto on centralized exchanges, which is simple and involves minimal risks.

What is the cheapest coin to stake?

In our list, the cheapest coin to stake is HBAR (the price at the moment of writing is $0.12) and BTCMTX. However, you should always consider minimum staking requirements and APYs to figure out the best crypto staking coins.

What coin is best for staking?

It depends on your financial goals and risk tolerance. The best staking coins combine safety with agreeable APY rates.

What are the easiest cryptos to stake?

Thanks to non-custodial wallets and the delegation process, it is easy to stake the majority of available coins.

Where should I stake my crypto?

The easiest way is staking coins on a centralized crypto exchange and via crypto wallets. However, if you want a higher APY, consider DeFi platforms.

DISCLAIMER: None of the authors, contributors, administrators, or editors connected to OWNR Wallet encourage readers to invest in cryptocurrency without doing proper research on their own. This article is purely for educational purposes only.