Cardano is currently the largest proof-of-stake blockchain network in terms of market cap. With its academic approach to development, enthusiastic community, and unofficial leadership by one of Ethereum's founders, Cardano is expected by many crypto users to dominate the decentralization of certain segments of the world economy. Typical APY for Cardano staking is in the 4-6% range. Polkadot (DOT)
Also led by one of the founders of Ethereum, Polkadot aims to achieve blockchain interoperability in order to facilitate the cross-network transfer of data and value. This is one of the most profitable staking opportunities for crypto investors, with yields hovering around 12%. Ethereum 2.0 (ETH)
While the Ethereum blockchain is still not expected to shift to PoS until at least 2022, it is already possible to begin staking tokens there. Indeed, even despite the fact that investors will not be able to withdraw rewards or staked tokens until that time, more than 13 billion dollars
in Ether have already been locked in the network. Yearly rewards are in the 5-7% range. Binance Coin (BNB)
A utility token that serves various roles within the Binance exchange ecosystem, BNB is one of the most actively traded coins across crypto markets and is frequently staked as a part of a highly profitable rewards program. NEO
The "Chinese Ethereum," while not one of the largest networks out there, offers investors a solid means by which to diversify their staking portfolios. Rewards are in the single digits, but still reliably surpass those of bank deposits.How to stake crypto
The way that you should begin generating a passive income through cryptocurrency staking largely depends on the size of your portfolio. Basically, depending on the underlying network of the cryptocurrency in question, you may be required to hold a certain number of coins or tokens in order to stake independently. For example, staking participants on the Ethereum network are required to hold 32 tokens, valued currently at nearly 70 thousand dollars.
If you do have enough tokens to stake on your own, you will need to hold them in a specific wallet. There may be other technical requirements and complexities involved. Feel free to contact us
if you have any questions regarding this process.
Smaller portfolios are by no means excluded from receiving staking rewards. All that's required is to take advantage of services that have been specifically created to allow even small-scale investors to deposit and stake their coins. These platforms, run by popular exchanges (like Kraken or Binance), and specialized services (Staked and Stake Capital), enable users to begin staking — and to withdraw rewards — with just a few clicks by pooling resources in common wallets.
Before getting started with staking, we highly encourage you to compare platforms and to pay special attention to fees and withdrawal wait times. Our crypto consultants are on hand if you require any specific advice.