Best Crypto Staking Platforms


When it comes to earning cryptocurrency, staking is among the simplest options, as you can earn passively. Before you can choose the best staking wallet, you should understand a few basics of cryptocurrency staking.

When it comes to earning cryptocurrency, staking is among the simplest options, as you can earn passively. Before you can choose the best staking wallet, you should understand a few basics of cryptocurrency staking.

Basics of Crypto Staking

The idea of crypto staking began as an alternative to mining, which uses a great deal of electricity. Staking offers a different consensus mechanism that uses less energy, something called Proof of Staking. This essentially means that people who hold or “stake” their cryptocurrency in a wallet have the potential to earn rewards for generating new cryptocurrencies. In many cases, staking crypto in a Proof of Stake system also entitles you to voting rights on major governance decisions.

Over time, the idea of staking cryptocurrency expanded to refer to holding it or locking it up in an account to earn interest. After all, those are the basic features of staking under a Proof of Stake model.

That development led to the creation of many Bitcoin staking wallets, as well as staking wallets for other cryptocurrencies. Exactly how they work varies by wallet, but they have some important common elements.

Wallets with Crypto Interest Comparison

You don’t have to stake, you can earn interest on crypto.

Most players in the industry chose the deposit-lending system as their business model. In this structure, what borrowers pay the service determines how much you can earn. At this point, the industry average for lending rates is getting lower – and so is the maximum earn rates you can get elsewhere.

At Haru, we do not have borrowers for your deposits. Instead, we invest them for you with minimized risk. That’s why your earnings at Haru can go higher than at the other services.

You can calculate your interest earnings with our calculator. 

Here’re some platforms:

  1. Binance Earn,
  2. Huobi Earn,
  3. Nexo,
  4. BlockFi,
  5. Celsius Network.

You can read our Nexo review and BlockFi review. You can also visit our Haru Earn Plus page to get more information about how we’re providing the best rates that you can get in the market and check our latest performance numbers from our Medium blog.

We also have a Beyond Staking product that gives you to opportunity Invest in a low risk high return strategy taking advantage of the inefficiencies between crypto future exchanges.

Interest Rate Comparison

PlatformBTC (APY)USDT (APY)ETH (APY)
Haru Earn Plus15.5%15.3%15%
Binance Earn1.2%2%Variable
Nexo4%8%4%
Blockfi0.5%9.3%0.5%
Celsius Network3.5%10%5.1%

What to Know About Staking Wallets

At the most basic level, an Ethereum staking wallet lets you deposit your Ethereum into the wallet and leave it there, with the crypto earning interest the whole time.

Some staking wallets have set or semi-set interest rates, while others offer higher interest rates that are not guaranteed, just expected. In most cases, the platform offering the staking wallet uses a range of methods to earn crypto and give you that interest rate.

Think of it as an alternative to investing cryptocurrency yourself, but one that doesn’t require any time, effort, or knowledge on your part. The team at the platform will handle everything based on their knowledge and experience, so you can sit back and watch your crypto grow.

How to Make a Profit With Staking Crypto

The key to making a profit with staking is to choose the best cryptocurrency wallet for crypto staking. This will help ensure that you earn a good interest rate and that your crypto is safe.

What’s the Difference Between Staking Wallets?

Saying you should choose the best staking wallet to make a profit is one thing, but how do you do that? You have to understand the differences between staking wallets and what sets them apart from each other.

Earn Up To

15% APR*

On your crypto today!

*Haru Earn Plus/365days lock-up

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How It Earns Crypto (Behind the Scenes)

You also want to pay attention to how the wallet earns cryptocurrency behind the scenes. This refers to how the platform holding your crypto increases it. Some will use arbitrage, others will lend crypto or actively trade it, and there are other methods as well.

Some of these strategies are riskier than others, but those with higher risks also tend to result in better potential rewards. The best staking wallet will use a combination of methods, including less risky strategies. This will increase the chances of at least some profit while still allowing for major profits.

Team and Experience

The best cryptocurrency wallet for crypto staking will be run by a team with a great deal of experience related to cryptocurrency and investing. The team’s expertise will improve the chances of delivering solid results, as they will know the types of investments and trades to make.

That experience ties back into the previous point about how the wallet earns crypto. Specifically, if the team has more experience, it can take more of an investment approach and actively manage the cryptocurrency to increase the profits.

Interest

You will find several types of Bitcoin staking wallets. Some offer high single-digit interest rates with a guarantee. These rates can typically change based on the market but are always guaranteed at the current rate. Then, some accounts aim to deliver higher interest rates, such as at least the high 10s. But these will not have any guaranteed earnings. You have to trust the company and its past results to give you confidence.

Fees

As you look at Ethereum staking wallets, also pay attention to the fees. These can vary, and there may be management fees, early withdrawal fees, and performance fees.

Requirements

There are also variations in what the best staking wallet requires from investors. Many have very high requirements for minimum investment amounts or experience. The best ones, though, have minimal or no requirements, making them accessible to everyone.

How Much Income Can I Expect?

To get an idea of the income you can expect, look at the target interest rate for your chosen wallet. The best staking wallet will publish its performance numbers, so you can estimate future earnings based on past performance.

Further information:

Crypto staking calculator

What Are Other Opportunities to Earn Crypto?

Crypto staking is among the easiest methods of earning cryptocurrency. Haru Invest, for example, lets you invest in a major cryptocurrency with target profits of 21.5% and higher.

Another passive option for earning cryptocurrency is to open a crypto savings account. Haru Earn and Haru Earn Plus are good options, with the latter offering higher interest rates in exchange for locking up your crypto.

You can also take matters into your own hands and actively trade cryptocurrency on an exchange. However, this requires a lot of time and knowledge.

There are also plenty of other methods of earning crypto, from finding a job that pays in crypto to finding airdrops, mining, and earning small amounts for completing tasks like watching videos. There are even some opportunities to gamble with crypto, although that comes with some risks as well.

Why Haru Is the Best for Crypto Income

Haru offers a few options to help you earn crypto income, including the best staking wallet for your needs. Beyond Staking from Haru Invest is the best option for staking Ethereum for those in search of high returns. It uses a strategy with high returns and low risks by taking advantage of inefficiencies between exchanges.

Beyond Staking fulfils all the requirements we mentioned above for a staking wallet, including being run by an experienced team and publishing strong figures. The product is the newest offering from Haru, but the company itself is already well-established. And the three-day return for April 27-30, 2021, was 0.1686%, which translates to an annualized return of 20.51%. That gives you an idea of what to expect in terms of profits from this best staking wallet.

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