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Crypto Staking. The most important one.

“There are 3 eras of currency: Commodity based, politically based, and now, math-based.”

Definition Of Staking

�� Crypto staking is a way of earning passive income, and it can be seen as the crypto world’s equivalent of earning interest or dividends while holding onto your underlying assets.

Staking allows you to earn cryptocurrency as a reward for using your existing holdings to vouch for the accuracy of transactions on an underlying blockchain network. While this sounds complicated, everyday users can often do it directly from their digital wallets, or they can use services provided by crypto exchanges that will handle the technical details for a cut of the proceeds.

�� Generally speaking, cryptocurrency staking offers returns that exceed those you can earn in a savings account. However, staking is not without risk. You’ll earn rewards in crypto, a volatile asset. Sometimes, you have to lock up your crypto for a set period of time. And there is a chance that you could lose some of the cryptocurrency you’ve staked as a penalty if the system doesn’t work as expected.

That said, staking can also be a way to grow your crypto portfolio using assets you plan to hang onto for a while. Staking is also a more energy efficient way of running a crypto network than the mining process used by Bitcoin and some others. If you own a cryptocurrency that uses a proof of stake blockchain, you are eligible to stake your tokens. Staking locks up your assets to participate and help maintain the security of that network’s blockchain. In exchange for locking up your assets and participating in the network validation, validators receive rewards in that cryptocurrency known as staking rewards.

The Most Popular Crypto Exchanges With The Highest And The Lowest Rate Of Staking ⬇️

OKX — Overall Best Crypto Staking Platform Offering Up To 300% APY

OKX is our top pick for staking cryptocurrencies in 2022. This global crypto exchange offers trading on more than 340 popular cryptocurrencies and gives investors a chance to earn interest on many of them.

OKX’s staking platform is integrated right into the exchange, making it very simple to use. Users can choose from a wide selection of coins to stake, some earning up to 70% APY. Many coins are available to stake with flexible staking periods and there are higher rates available for 15, 30, 60, 90, or 120-day lock-up periods.

�� Pros

20+ million users around the world

Offers trading on 340+ crypto tokens

Flexible staking or lock-in periods for higher rewards

Earn up to 300% APY for specific tokens

Interest is paid out hourly

⛔️ Cons

Doesn’t specify fees for purchasing crypto with a credit card

BuyBitcoinBank’s Review ⬇️

��“As a result of staking, OKX also offers ‘Loans’ where the receiving end of staking is getting their funds, it’s essentially a p2p model. Users can apply for bitcoin and other crypto loans with low interest rates and large amounts. You can borrow against bitcoin or use other assets as collateral to keep your loans secure. OKX offers Fixed and Flexible loan terms meaning you can choose what period of time you wish to loan money for. OKX Jumpstart similar to a Launch Pad feature and is a product that helps new projects launch and grow their communities on OKX. Traders are able to participate in new token campaigns by staking their OKB and receiving tokens from new projects based on their staking amounts. Unlike buying tokens in offerings, getting them via Jumpstart is similar to liquidity mining because users get all their staked assets back after the campaign ends. Every project on OKX have their own rules and conditions, such as total tokens available, minimum and maximum stakes etc.”

EToro — Top-Tier Crypto Exchange With High-Interest Staking

eToro is primarily a brokerage platform that supports crypto in addition to stocks, ETFs, forex, indices, and commodities. More than 27 million people now use eToro to trade, for its strong commitment to regulation, simple user interface, and cost-effective pricing structure. eToro is also, however, one of the best crypto staking platforms in the market.

A fee of 1% is collected on both buy and sell orders. In addition to Bitcoin, eToro is home to nearly 80 of the best altcoins. This is inclusive of some of the best metaverse coins, such as Decentraland and Axie Infinity. Depositing funds into eToro is seamless, as the broker supports debit and credit cards, e-wallets, and bank transfers.

�� Pros

Authorized and regulated by the SEC, FCA, ASIC, and CySEC

27+million clients

Automated staking on eligible coins

Buy crypto from just $10 at a commission of 1%

Copy trading services

No deposit fees on USD payments

⛔️ Cons

Only 3 coins are supported for staking

Wikitoro´S Review ⬇️

�� “eToro’s staking is guaranteed safe. The staked crypto assets instantly become the property of eToro’s users. eToro meanwhile, gains the trust of eToro’s users by executing the entire staking procedure on their behalf, in a safe, effective and secured manner. As a result of staking, your cryptocurrency is often locked up for a period of time, where it can’t be transferred. This can be a drawback since you cannot trade staked tokens during this time, regardless of price changes.”

WhiteBIT

The SMART Staking on WhiteBIT page features over 40 different plans with a great variety of coins. A user can choose the one that suits you based on the size of the interest rate, terms, and the minimum/maximum amount of the deposit.

That being said, a user can participate in several plans at the same time, getting more benefits from staking. At the end of the period of the plan, it will be automatically closed, and their funds with the interests will be credited to the main balance.

For example, the users decide to participate in the USDT SMART plan for a period of 360 days and with a 30% interest rate. Having held 10,000 USDT, the users will have 13,000 USDT on their balance in 360 days.