Compare the best crypto staking platforms in 2024

This expert guide picks out the best crypto staking platforms according to their APY, security, and flexibility.
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Updated: Jun 13, 2023
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Our expert panel tests and reviews the best staking platforms to find the best, most convenient way to earn passive income on your crypto tokens. Whether you’re searching for a beginner-friendly platform or just looking for the highest yields, our panel has the right crypto staking service for you.

Best crypto staking platforms overall for 2024

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  1. Plus500: Best for international CFD trading*
  2. eToro: Best for beginners, copy-trading & demo-account
  3. Public: Best for sharing beginner trading ideas
  4. Uphold: Best for building long term wealth
  5. Binance: Best crypto platform for trading altcoins
  6. Bitstamp: Best for professionals & trading with APIs

What are the best crypto staking platforms?

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Use the table below to pick one of the top platforms and start staking right away. You can sign up by clicking one of the links or keep reading to compare the features and rewards on offer from each platform.

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1
Min. Deposit
$ 100
Best offer
User Score
10
CFDs on BTC, ETH, LTC, NEO, XRP, IOTA, EOS, BAB, ADA, TRX, XMR
No need to open a crypto exchange account or use a special wallet
Regulated Broker - FCA, ASIC, CySEC (license number 250/14)
Start Trading
Payment Methods:
American Express, Apple Pay, Bank Transfer, Credit Card, Debit Card, Discover, Google Pay, Mastercard, PayPal, SEPA, Trustly, Visa, , skrill
Full Regulations:
ASIC, FCA, FSA, MAS, cysec-250-14-regulator, isa-regulator

CFD service. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

2
Min. Deposit
$ 10
Best offer
User Score
9.9
Up to $240 bonus!
Build a diversified portfolio with crypto, stocks, and ETFs — all in one place.
Trade on the world's leading social trading and investing platform
Start Trading
Payment Methods:
Bank Transfer, Credit Card, Debit Card, PayPal, Wire Transfer
Full Regulations:
CySEC, FCA

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Invezz.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB.

3
Min. Deposit
$ 0
Best offer
User Score
9.6
Get insights from millions of investors, creators, and analysts
Build your portfolio of stocks, ETFs, and crypto–all in one place
No minimum deposit
Start Trading
Payment Methods:
Bank Wire, Check, Debit Card, Wire Transfer
Full Regulations:
Cryptocurrency execution and custody services are provided by Apex Crypto LLC (NMLS ID 1828849) through a software licensing agreement between Apex Crypto LLC and Public Crypto LLC. Crypto trading on Public platforms is served by Public Crypto LLC and offered through APEX Crypto. Please ensure that you fully understand the risks involved before trading.

Top 6 staking platforms, reviewed

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1. Plus500. Best for international CFD trading*

From 2%

Fees

$100

Minimum deposit

3,000

No. assets

Yes

Demo/virtual account

Pros & Cons

Can get a free demo account A great mobile platform Well regulated in multiple jurisdictions Wide variety of CFDs to trade Several good risk management tools
No support on trading information and education Website isn’t brilliantly designed to help users find answers to their questions No MetaTrader trading platform compatibility

Overview

We love Plus500 because it is one of the industry’s most transparent and reliable brokers. Its fees are clear and you’ll know exactly what you will be paying before you make a trade. Its technology driven platform gives access to over 2800 instruments, including CFDs on stocks, forex, commodities, and cryptocurrencies among several others.

Plus500 has something for all types of traders, no matter what level of experience. It’s zero commission and tight spreads make it a top choice for day traders and its trading academy is packed with educational content, perfect for beginners just starting. 

For accurate instrument availability, visit plus500.com.

The fees: There are no commission fees on any trades with Plus500 and it makes it money through the Bid/Ask spread. Spread starts from 0.01% or 0.9 pips and varies depending on the instrument. Additional fees include overnight funding which is dependant on trade size and guaranteed stop orders, which add a minimum of 10% to the spread. There is an inactivity charge of £10 per month for accounts not logged in for three months. 

*Based on a comparison of 60+ leading brokers and trading platforms.

Highlights

Visit Plus500 Plus500 Review

CFD service. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

2. eToro. Best for beginners, copy-trading & demo-account

1%

Fees

$100

Minimum deposit

4,000

No. assets

Yes

Demo/virtual account

Pros & Cons

Great for beginners, simple to set up and get started Competitive, industry-leading commissions Popular ‘Copy Portfolios’ function lets you follow top traders Excellent customer service, with live chat support provided
Comparatively high fees for withdrawals and account inactivity Does not integrate with the MetaTrader platform High spreads on some assets

Overview

We love eToro because it makes it simple to trade crypto at home or on the go. If you’ve never bought cryptocurrency before, then eToro makes it simple to buy 75+ of the leading coins, including the likes of Bitcoin, Ethereum, and Dogecoin. Every crypto trade comes with a flat 1% fee, which makes it one of the cheapest crypto brokers on the market to boot.

As well as being a broker that offers lots of investor protection, eToro offers a very social trading experience. You can easily see what’s trending on the crypto market every day, browse the latest technical analysis about every one of those tokens, and copy other people’s trade suggestions from your desktop or the eToro app.

The fees: You will be charged a 1% fee every time you buy or sell crypto. The charge is included in the market price that’s displayed on eToro. CFD trades may be charged an overnight or weekend fee if you leave the position open.

Highlights

Visit eToro eToro Review

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Invezz.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB.

3. Public. Best for sharing beginner trading ideas

public.com logo

...

Fees

...

Minimum deposit

...

No. assets

No

Demo/virtual account

Pros & Cons

Commission free stock and ETF investing Share and compare your portfolio on a social trading platform Trade crypto, fractional shares, and alternative investments
You can't trade on margin or use leverage No forex, options, funds, metals, or bonds

Overview

We love Public because it’s a social platform where you can share trading tips and get ideas from other people. Public offers 9,000+ financial instruments, including cryptocurrencies and stocks from around the world.

Alongside a community of other investors all sharing their ideas, Public offers real time news and information so that you can see the full picture before you invest. And the assets don’t just include your run-of-the-mill assets; you can make alternative investments in things like handbags and comic books as well.

The fees: Cryptocurrency trades are charged a 2.5% fee per transaction. 

Highlights

Visit Review
Cryptocurrency execution and custody services are provided by Apex Crypto LLC (NMLS ID 1828849) through a software licensing agreement between Apex Crypto LLC and Public Crypto LLC. Crypto trading on Public platforms is served by Public Crypto LLC and offered through APEX Crypto. Please ensure that you fully understand the risks involved before trading.

4. Uphold. Best for building long term wealth

$0.99

Fees

...

Minimum deposit

300

No. assets

Yes

Demo/virtual account

Pros & Cons

Wide range of cryptocurrencies available Zero deposit and withdrawal fees Crypto wallets to store your coins Low minimum deposits and fast account set up
Spreads can be high for some cryptocurrencies Services vary depending on region Customer support is limited

Overview

We love Uphold because it’s a regulated and transparent digital asset platform. There are 160+ cryptocurrencies available to hold and trade, along with three fiat currencies; GBP, EUR, and USD. 

Uphold’s key features include the ability to schedule transactions to avoid trying to time the market. With a focus on long term wealth building, Uphold also offers the ability to earn rewards of up to 25% on staked crypto, as well as 4% cashback paid in XRP for purchases made with the Uphold card.

The fees: Crypto spreads start from 0.9% and are usually lower than 1.3% for BTC and ETH. Other cryptocurrency spreads are higher. Average spreads on fiat currency are 0.2%. There is a $0.99 fee for transactions under $100 made with the Uphold card.

Highlights

Visit Review

Terms Apply. Cryptoassets are highly volatile. Your capital is at risk.

5. Binance. Best crypto platform for trading altcoins

0.1%

Fees

...

Minimum deposit

400

No. assets

Yes

Demo/virtual account

Pros & Cons

Supports the trading and storage of over 360 coins Offers multiple trading pairs (BTC, ETH, BNB, and USDT) High maximum daily withdrawal limit Available globally Low trading fees, particularly when using BNB (Binance Coin)
Occasionally slow customer support Centralised, rather than decentralised

Overview

We love Binance because it’s the largest crypto platform in the world. More than 30 million people use Binance to trade 350+ cryptocurrencies. Binance also offers a range of other services, such as staking, crypto loans, and derivatives markets such as futures and options.

The Binance app is designed to appeal to everyone, regardless of your experience. The ‘Lite’ version slims everything down to the basics, while the regular app is one of the most advanced crypto trading platforms out there. 

The fees: There are no fees for trading Bitcoin. All other cryptocurrency spot trades come with a 0.1% fee. If you own Binance coin (BNB), you receive a 25% discount on all trading fees. Binance does not charge deposit fees but withdrawal fees are variable depending on the crypto.

Highlights

Visit Binance Binance Review

6. Bitstamp. Best for professionals & trading with APIs

...

Fees

...

Minimum deposit

...

No. assets

No

Demo/virtual account

Pros & Cons

Low trading fees and no spreads Supports multiple fiat currencies Regulated platform
Limited number of coins available Major fees on deposits and withdrawals Liquidity has suffered due to the limited selection of coins and most liquidity is concentrated in top names like Bitcoin and Ether

Overview

We love Bitstamp because it has a proud reputation for top performance over more than decade. Bitstamp offers trading on 75+ cryptocurrencies, including Bitcoin, Ethereum, and Litecoin, while staking is available on Ethereum and Algorand. 

Bitstamp was one of the first crypto platforms to set up shop in 2011 and has built up trust since. It’s designed with institutional traders in mind, so it prides itself on near 100% uptime. It stores 95% of assets in cold storage and offers a sliding scale of fees so that high volume traders get the best rates.

The fees: There are no trading fees if you trade less than $1,000 in a rolling 30-day period. Above that, fees start from 0.4% and decline the higher your trading volume is. There is a 15% charge for staking. Withdrawals are charged a flat €3 fee.

Highlights

Visit Bitstamp Bitstamp Review

Best staking platforms for your needs

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What is the best staking platform for beginners?

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On eToro you earn staking rewards automatically, simply by owning qualifying crypto coins. Rewards are paid monthly as soon as you hold certain coins for at least 7 days.

Crypto staking platformKYC verification required?Cryptos available
eToroYes3
CoinbaseYes103
BinanceYes117

What is the best high yield staking platform?

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Kucoin offers a APY (annual percentage yield) of more than 100% on selected cryptocurrencies, through its dual investment product. It also offers high rates of return on recently released coins.

Crypto staking platformMax APYCryptos available
Kucoin>100+70+
BinanceUp to 100%117+
NexoUp to 16%69+

What is the best stablecoin staking platform?

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Nexo offers 6 stablecoins as well as staking rewards on tokenised fiat currencies. It boasts the best balance between risk and reward, with a high average APY combined with long term security.

Crypto staking platformStablecoins availableAverage stablecoin APY
Nexo915%
Kucoin26%
Binance10+2%

What is the best staking platform with daily payouts?

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Nexo offers daily payouts on 69+ cryptocurrencies. You start earning automatically simply by holding coins in your Nexo account. Better rates of interest are available if you meet certain requirements.

Crypto staking platformDaily payouts
NexoYes
BinanceYes
GeminiYes

What is the best platform for flexible staking?

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Binance has the largest range of coins and the most options to earn flexibly so you can withdraw your crypto at any time.

Crypto staking platformMax APYCryptos available
BinanceUp to 100%117
Kucoin>100%103
Gemini8.05%50

What is the best crypto staking wallet?

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The Ledger Nano X is the best wallet for staking crypto. You can secure your coins in the wallet and then stake through its Ledger Live staking platform.

Crypto staking platformKYC verification required?
Ledger Nano XNo
BinanceYes
Atomic WalletNo

What is staking?

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Cryptocurrency staking is a process where individuals hold and lock up their cryptocurrencies in a wallet to support the operations of a blockchain network. By doing so, stakers contribute to the network’s security while earning rewards in return.

Staking is a feature of blockchains that use a proof-of-stake (PoS) consensus mechanism, such as Ethereum or Solana. It’s an alternative to cryptocurrency mining, which is typically used in blockchain networks, such as Bitcoin, that use a proof-of-work (PoW) consensus algorithm.

What types of staking are there?

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There are generally two main types of cryptocurrency staking, PoS staking and DeFi staking.

Proof-of-stake (PoS) staking

In PoS staking, users hold and lock up a specific amount of a cryptocurrency in a staking wallet to become validators. Validators are responsible for verifying transactions and creating new blocks in the blockchain.

The probability of being selected as a validator is proportional to the amount of cryptocurrency a staker holds and locks up. Popular examples of PoS staking cryptocurrencies include Ethereum 2.0, Cardano, and Polkadot.

DeFi staking

DeFi (Decentralised Finance) staking involves locking up cryptocurrencies on decentralised finance platforms that offer staking services.

In this case, stakers contribute their funds to liquidity pools, lending protocols, or other DeFi applications. DeFi staking often involves earning additional rewards, such as transaction fees or crypto tokens specific to the platform. Notable examples of DeFi staking platforms include Compound, Aave, and Uniswap.

How should I choose a crypto staking platform?

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You should look for the platform that offers the best payouts, most security, and lowest fees. Below is a list of the most important things to consider before choosing a platform.

  • Low fees. Many crypto exchanges offer staking automatically but there can be hidden fees, in the form of a commission or as a percentage of the total payout. This can run up to 25% of the total payout on some platforms. Generally decentralised finance or lending platforms, such as Nexo, charge the lowest fees.
  • Timing of payouts. Some coins and platforms payout daily, while others are weekly or even monthly. Think about how long you want to lock your coins away for, and how easily you want to be able to access them in case you want to sell. Daily payouts offer more flexibility but often pay lower rewards.
  • Rates of interest. Different coins offer different rewards, depending on how popular they are. But the rates can vary across platforms as well, so decide which coins you want to earn rewards on and prioritise the platforms that offer the best rewards on those cryptocurrencies.
  • Range of supported coins. A wider range of crypto staking options is often best if you want to actively move your money around to take advantage of the best rates. Again, dedicated DeFi lending platforms usually have the most variety, while brokers or crypto exchanges are best if you want to automatically earn interest on a handful of coins.
  • Fiat interest options. The best platforms allow you to use blockchain technology to earn far better rates of interest on fiat currency than is possible through a bank account. Simply storing GBP or USD and earning interest is the most risk-free way to take advantage of these services and is worth considering for beginners.
  • Verification levels. Most crypto staking services require some level of verification but if you don’t want to have to provide multiple forms of ID, it could be worth comparing what’s required across platforms. These days, however, any broker is required to comply with money laundering regulations so you will have to trade some anonymity for that security.
  • Bonus payouts or additional features. If you want to maximise your rewards, look for platforms that offer higher payouts if you meet certain requirements. This might mean earning your payments in a particular cryptocurrency, keeping some of your portfolio in the platform’s native coin, or locking your money away for a longer period. 
OK, I’m ready to start staking now

Quick answers to key questions

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What are the fees for staking?

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Normally there isn’t a fee for staking, but there can be on the interest you earn. The fees themselves can vary dramatically between platforms, however. The likes of eToro and Coinbase take up to 25% of the interest, while dedicated crypto lending platforms charge significantly less.

Can I withdraw my money at any time?

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It depends on how you choose to stake. Generally, there are two options available to you when you sign up to a crypto staking platform: flexible staking or locked staking.

Flexible staking does exactly what it says on the tin, you can start earning rewards immediately but can also withdraw your money at any time.

The alternative is locked staking, where you commit your digital assets for a fixed period of time. The pay off is the ability to earn significantly higher yields, but it means you can’t access your money until the fixed period expires, or you may have to pay a penalty if you do.

What’s the difference between PoS staking and DeFi staking?

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Proof of Stake (PoS) staking and DeFi staking are similar in that both involve locking up cryptocurrencies to earn rewards. However, there are some key differences between the two:

  • Consensus mechanism. PoS staking is primarily focused on participating in the consensus mechanism of a specific blockchain network. Validators are responsible for securing the network and validating transactions. DeFi staking is about engaging with crypto platforms more broadly, and is often associated with providing liquidity, participating in lending protocols, or engaging in other decentralised financial activities.
  • Rewards structure. PoS staking rewards are typically based on the amount of cryptocurrency staked, and the rewards are usually in the form of additional coins issued by the network. DeFi staking rewards can vary depending on the specific platform and activity. Rewards may include transaction fees or platform-specific tokens.
  • Platform dependency. PoS staking is specific to the blockchain network on which the cryptocurrency operates. Each network has its staking rules and requirements. DeFi staking can be conducted on various platforms that offer staking services, and the rewards may differ between platforms.

What’s the difference between on chain and off chain staking?

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On-chain staking refers to the process of staking cryptocurrencies directly on the underlying blockchain network. It involves participating in the consensus mechanism of the blockchain and contributing to the network’s security and operations.

Off-chain staking involves staking cryptocurrencies outside of the underlying blockchain network. Off chain staking takes place on third-party platforms, providing liquidity to decentralised exchanges (DEXs), lending protocols, or other DeFi applications.

What is liquid staking?

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Liquid staking, also known as wrapped staking, refers to the process of tokenising staked cryptocurrencies so they can be used in other financial activities. It enables stakers to unlock the value of their staked assets and access liquidity without waiting for the staking period to end.

Here’s how liquid staking typically works:

  1. Stakers lock up their cryptocurrencies for a specific staking period to participate in the network’s consensus mechanism.
  2. A token representing the staked assets is issued. This token is often referred to as a ‘wrapped token’ or ‘staked token’.
  3. The wrapped token can be traded on decentralised exchanges or used as collateral in various DeFi applications. It allows stakers to retain ownership of their staked assets while accessing the benefits of liquidity and flexibility.
  4. Once the staking period ends, stakers can redeem the wrapped tokens for the original staked assets.

Liquid staking provides more flexibility and options for utilizing your staked assets while still participating in the network’s consensus mechanism. It combines the benefits of staking with the liquidity of tradable assets.

How to stake crypto

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Follow these steps to create an account and start the staking process with Plus500 .

Step 1. Create an account with Plus500

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Provide some personal information to set up an account. Once you’ve passed the verification checks, deposit some money into the account to get started.

Step 2. Choose a staking cryptocurrency

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Select a cryptocurrency that supports staking. Make sure you understand the staking requirements and potential risks associated with the specific cryptocurrency.

Step 3. Purchase the cryptocurrency

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Find your chosen crypto by searching for its symbol, such as BTC or ETH. Buy some. Once it’s arrived in your account, you’re ready to stake.

Step 4. Turn on staking rewards

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You may have to opt in to start staking and rewards earning. This is as simple as going to the Plus500 Earn page and opting in.

Step 5. Start earning rewards

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As soon as you meet the entrance requirements, such as holding the cryptocurrency for 7 days, you will start earning rewards. These are paid out daily, weekly, or monthly, depending on the coin.

Should I stake crypto to earn rewards?

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Staking crypto is a great way to earn extra money and it doesn’t require much expertise to get started. The best staking platforms make it simple to start earning and the amount of extra effort you put in is up to you.

There are some risks, particularly if you are paid in cryptocurrency because the price volatility can eliminate the value of your rewards. It’s also only suited for long term holders, because often you can’t touch your coins for a set period of time if you want to earn staking rewards.

Despite that, it’s almost a no-brainer to try to benefit from staking and there are ways to mitigate those risks. You can choose a platform that pays the rewards in fiat currency, or that doesn’t force you to lock up any money. Staking is one of the most attractive features in the cryptocurrency space, as it offers much better rewards than anything in traditional finance.

Pros and cons of staking

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If you still aren’t sure whether to sign up for a staking platform, we can help. Below is a summary of the pros and cons of crypto staking platforms, followed by some final questions that you might need answered.

Pros

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  • Staking allows you to earn extra money with minimal effort
  • You can use staking platforms to earn interest on fiat as well as crypto currency
  • Staking is normally a free feature
  • You can access staking on popular broker or crypto exchange platforms like Binance, Coinbase, and eToro
  • You can unlock higher rewards the more money you stake

Cons

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Register with a staking platform

FAQs

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Are crypto staking platforms safe?
Are crypto staking rewards taxable?
Which is the best staking crypto?
Can you stake crypto on Binance?
Can you stake crypto on Coinbase?


Sources & references
Risk disclaimer
James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.