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5 Best Crypto Staking Platforms in 2024

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Staking crypto allows holders to put their idle crypto assets to use and generate passive income in exchange for providing security for blockchain networks. However, picking a platform that’s best for staking can be quite challenging, especially if you are inexperienced with crypto staking.

In this article, we are going to examine some of the best options for stalking crypto available on the market right now to help you decide which might be the best choice for you.

List of the best crypto staking platforms in 2024:

  1. Binance – The best crypto staking platform overall
  2. Kraken – The safest crypto staking option
  3. KuCoin – Wide selection of supported cryptocurrencies
  4. Lido – Leading liquid staking service
  5. Kiln – Crypto restaking platform

The 5 best crypto staking platforms: Examining top platforms for 2024

In the sections that follow, we are going to examine some of the best crypto-staking platforms in the market today and look into their key features as well as their pros and cons.

1. Binance – The best crypto staking platform overall

binance staking

Binance is one of the best staking platforms on the market, allowing users to stake more than 100 different cryptocurrencies, from larger altcoins like Ethereum and Solana, stablecoins like Tether and USD Coin, to smaller coins like Omni Network. Staking on Binance is available via the Simple Earn platform, which consists of flexible and locked products. Flexible products allow users to unstake their crypto at any time, whereas locked products lock up deposited crypto for a predetermined period of time.

As a part of its trading offering, which is widely considered as one of the best crypto exchanges in the world, Binance allows traders to earn anywhere between 0.15% to more than 100% Annual Percentage Yield (APY). The APY rate fluctuates daily and is influenced by a myriad of on-chain and market factors.

It’s worth noting that Simple Earn consists of both Proof-of-Stake (PoS) coins like Ethereum and Solana, which offer native support for on-chain staking, as well as stablecoins and coins like Bitcoin, which generate rewards from lending for "0">

Supported cryptocurrencies 100+
APY ETH: 3.3%
SOL: 8.9%
AVAX: 8.5%
MATIC: 5.5%

Visit Binance

2. Kraken – The safest crypto staking platform

kraken staking

Kraken, much like Binance, is a leading crypto exchange that complements its trading features by providing users with the ability to stake their funds and earn passive income with crypto. The staking offering is somewhat limited in terms of supported cryptocurrencies but still features most of the staples, including Ethereum and Solana.

When staking crypto on Kraken, the staking rewards are paid out daily and in the cryptocurrency you had originally staked. In other words, if you stake Solana, then you will receive SOL tokens as a reward. It’s worth noting that Kraken's staking offering is not available to customers from the US due to regulatory restrictions.

Overall, Kraken is widely considered one of the safest crypto exchanges. If the safety of your funds is your primary concern, then you should definitely consider Kraken as your main choice for a crypto-staking platform.

Supported cryptocurrencies 19
APY ETH: 1-4%
SOL: 3-5%
KAVA: 3-6%
MINA: 12-18%

Visit Kraken

3. KuCoin – Wide selection of supported cryptocurrencies

kucoin staking

KuCoin offers crypto staking capabilities as a part of its Kraken Earn platform, which boasts a rich selection of more than 70 different crypto assets, including Ethereum, Avalanche, Polygon, and dozens of others. In large part, KuCoin’s offering resembles that of Binance, both in terms of staking periods and APY.

It’s worth pointing out that KuCoin’s APY figures are a bit less precise than at Kraken or Binance, for example, which can make it difficult to assess just how much staking rewards you can expect to earn before you decide to stake. 

At KuCoin, users can stake cryptocurrencies that are not PoS. This means that Bitcoin, stablecoins, and PoW coins can be staked in exchange for a return. In this case, staking doesn’t refer to on-chain staking but rather interest bearing.

Supported cryptocurrencies 70+
APY ETH: 0.1-4.6%
SOL: 1-30%
AVAX: 1-7%
MATIC: 1-30%

Visit KuCoin

4. Lido – Leading liquid staking service

lido staking

Lido is the most popular liquid staking solution on the market, boasting a total value locked (TVL) of more than $29 billion as of April 2024. The lion’s share of all staked funds belongs to Ethereum, and a smaller share belongs to Polygon.

Lido is arguably the best Ethereum staking choice for those who wish to stake their ETH but don’t have the required 32 ETH to stake as a solo staker, and don’t want to use cryptocurrency exchanges for their staking.

When staking via Lido, users who deposit their ETH get Lido Staked Ether (stETH) in return. Staking rewards accumulate in the form of stETH. Meanwhile, stETH can be traded and transferred as a regular token. This is a major benefit over staking ETH without receiving a liquid staking token in return.

Supported cryptocurrencies Ethereum, Polygon
APR ETH: 3.2%
MATIC: 4.2%

Visit Lido

5. Kiln – Crypto restaking platform

kiln staking

Kiln is a comprehensive decentralized crypto staking platform that supports more than 30 Proof-of-Stake blockchains, from Ethereum to Tron. It’s one of the only staking platforms that leverages the novel concept of Ethereum restaking.

Kiln allows Ethereum stakers to basically reuse their ETH or liquid staking tokens via the EigenLayer restaking protocol. This allows users to earn double rewards while allowing services that connect via EigenLayer to connect to the platform and increase their security.

Restaking has become a major trend in the crypto industry in recent months, with EigenLayer recording a TVL of more than $15 billion as of this writing. If restaking ETH is something you are interested in, then Kiln is probably your best choice.

Supported cryptocurrencies 30+
APY ETH: 4-10%
SOL: 7-9%
MATIC: 4-6%

Visit Kiln

The bottom line

There are several great options available to users who want to put their idle crypto to work and earn some passive income. All of the options on our list boast very high security and a wide range of features. If you are unsure which digital asset is best for staking, check our list of the best crypto to stake in 2024.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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