<p>Investing in crypto is not only about trading on decentralized exchanges, it is also about lending and staking the property into pools that will give extra money after a certain amount of time. While the market is still experiencing red candles, it’s time to acquire information about the possibilities of investing. Let’s find out the&nbsp;<strong>7&nbsp;best crypto staking platforms</strong> in 2022 on <a href="https://www.builder.news/" alt="builder.news" title="Builder.news" target="_blank" rel="" class="">Builder.news</a>.</p><p class="prosemirror-p-center"><img src="https://cdn.builder.news/news/11ed19576b33fdbfa8e6023f659fee92.jpg" alt="Best crypto staking platforms in 2022" title="Best crypto staking platforms in 2022" width="600" height="334"></p><h2>Why is crypto staking most appropriate for idle cryptocurrency?</h2><p>In the traditional finance system, currencies can be used for different purposes from investing in real estate to being saved as idle money, it depends on the distinct needs and interests. On cryptocurrency, the rule of thumb is not to leave your money idled cause those are not so stable as fiat money. The most proper way to invest your idle cryptocurrency is staking.</p><p>In simple terms, DeFi staking means locking investors’ tokens into a smart contract, which could help them earn more tokens. To speak in other words, DeFi staking is considered a decentralized form of putting money in a bank fixed deposit.</p><p>Thanks to the appearance of crypto and DeFi, staking allows you to gain profits from cryptocurrencies by generating a regular income on your tokens in addition to capital gains, rather than leaving your idle cryptocurrency investments in a traditional wallet.</p><h2>How DeFi staking works</h2><p>As already mentioned, DeFi staking mechanics is similar to sending money to a bank in a form of saving within a specific amount of time and receiving interest afterward. There are factors that can affect your interest money after staking especially APY or Annual Percentage Yield.</p><p>APY, which is the actual rate of return on a financial investment after factoring in compound interest, plays a significantly important role in the interest calculating formula. For example, if you are staking $5000 worth of BNB for 3 months on staking platform A which offers 10% APY. The staking allocation would result in $500 in rewards over the course of a year or $125 in passive revenue over three months. It is a simple way to get the hang of DeFi staking mechanics and the role of APY.</p><p>However, to have the exact amount of interest you might get after staking, you will need to visit a specific DeFi staking platform and read thoroughly about the guidance of these well-recommended&nbsp;<strong>7 staking platforms</strong> in the market.</p><h2>Best platforms for staking crypto overall</h2><h3>Goen Finance</h3><p>Launched version 1.0 in August 2022, Goen Finance is the youngest staking platform on this list but showing its potential amid the bearish market. After <a href="https://github.com/verichains/public-audit-reports/blob/main/Verichains%20Public%20Audit%20Report%20-%20Goen%20Smartcontracts%20-%20v1.0.pdf" alt="VeriChain audit report" title="VeriChain audit report" target="_blank" rel="nofollow" class="">being meticulously audited by VeriChains</a>, Goen Finance is a platform with a staking feature that allows users to stake tokens to farm BTC, ETH, BNB up to 25.991% APR at no cost and without spending any money on the initial funds. Users can take advantage of 3 staking models namely Stablecoin, Enhanced Pancake, and Enhanced Biswap.</p><p>The platform offers users 3 tokens for staking including BUSD, CAKE and BSW, in return, they will get options of rewards in BNB, BTCB, ETH or KNC accordingly. Although being a newcomer in the field, Goen Finance has reached&nbsp;$21,946.582 in TVL, giving out&nbsp;$1,310.85 in total reward since its official launch.&nbsp;</p><p><a href="https://www.goen.finance/" alt="Goen Finance" title="Goen Finance" target="_blank" rel="nofollow" class="">Goen Finance</a> also provides users with no lock time and immediate withdrawal. In the user's perception, it means the most significant risk associated with price fluctuation will be eliminated and they are given more control over their funds than other platforms set limits to staking properties.</p><p class="prosemirror-p-center"><img src="https://cdn.builder.news/news/11ed19576b341629a8e6023f659fee92.jpg" alt="Goen Finance staking module" title="Goen Finance staking module" width="600" height="347"></p><h3>Kraken</h3><p>Kraken is a crypto exchange on which users could purchase assets such as Bitcoin or Ethereum. Established in 2011, it is one of the earliest Bitcoin exchanges, supporting over 120 different coins including, of course, Bitcoin, Ethereum, Dogecoin, Solana, and Cardano with competitive exchange fees. Kraken is well-known for supporting both spot trading at current market rates and cryptocurrency futures as well. With the yielding up to 23% interest depending on the cryptocurrency being staked, Kraken is one of the <strong>best crypto staking platforms</strong> available.</p><p>Users can choose between the Kraken and Kraken Pro trading systems from the platform. Anyone with a Kraken account can use Kraken Pro, which has lower prices. Active trading platform Kraken Pro is accessible by smartphone or web browser. It contains more thorough asset data, such as live charts and an overview of open orders.</p><p class="prosemirror-p-center"><img src="https://cdn.builder.news/news/11ecf794faad166ca8e6023f659fee92.jpg" alt="kraken staking apy" title="Kraken staking APY" width="600" height="274"></p><p>Both versions of Kraken offer spread fees and those will be affected by trading volumes investors make in the latest 30 days. Fortunately, Pro users are asked to pay fewer fees compared to others in the original version.</p><p>Besides, Kraken’s customer service is remarkably great. Newbies could acquire all information about crypto by heading to the Learn Center. The Support Center is always ready to troubleshoot all users’ questions. Investors who are looking for a wide array of coins and comfortable customer service might find Kraken promising.</p><h3>Binance Staking</h3><p>Up to date, Binance is now the largest cryptocurrency trading platform in the world. Besides providing an exchange for trading coins on a regular basis such as future, long/short…, the platform also offers different ways to earn, especially the staking feature. With the motto of “Easy stake. Higher returns”, Binance proves to be one of the <strong>best crypto staking platforms</strong> of all time. Being available with 2 staking options: Locked Staking and DeFi Staking, users can diversify their ways to yearn for their idle income easily with one of the most popular crypto exchanges.</p><p class="prosemirror-p-center"><img src="https://cdn.builder.news/news/11ecf794faad1ff0a8e6023f659fee92.jpg" alt="Binance defi staking" title="Binance DeFi staking APY" width="600" height="289"></p><p>Participants in locked Staking Binance lock up some of their cryptocurrencies on the exchange in order to stake them and receive incentives. The more coin users stake, the more rewards will be distributed. Currently, Binance is offering a new program called auto staking for locked stake pools on Binance. In detail, when the staking period is over, users can use the auto-staking feature to automatically add their digital assets and currencies to the staking pool once more. Users can click to activate the Auto-Staking feature prior to the Interest End Date.</p><p>The more popular staking option on Binance is DeFi staking. With an estimated APY of up to 13.33%, this feature allows users to either stake within a fixed amount of time or in a flexible lock.</p><p><em><strong>&gt;&gt;&gt; Read more:&nbsp;</strong></em><a href="https://www.builder.news/crypto-insights/7-best-defi-lending-platforms-in-2022" alt="best DeFi lending platforms" title="7 best DeFi lending platforms in 2022" target="_blank" rel="" class=""><em><strong>7 best DeFi lending platforms in 2022</strong></em></a></p><h3>MyCointainer</h3><p>Founded in 2018 by Bartosz Poźniak, MyCointainer has earned a certain reputation in the crypto field. MyCointainer’s team has developed an easy-to-navigate interface in order to help users feel comfortable and quickly become familiar with the basic functions of the website.</p><p class="prosemirror-p-center"><img src="https://cdn.builder.news/news/11ecf794faad244aa8e6023f659fee92.jpg" alt="mycointainer staking apy" title="Mycointainer staking" width="600" height="463"></p><p>Around 150 crypto assets are available on the MyCointainer staking platform, including some of the most well-known cryptocurrencies like Polkadot and Cardano as well as many other lucrative coins. With up to 133% yearly rewards, MyCointainer staking feature proposes a great chance for investors to yield their idle cryptocurrency. There is a staking cost on the earned rewards with MyCointainer, however, it is one of the lowest fees available. However, you can avoid costs and gain access to a small number of Masternodes with the POWER membership.</p><h3>AQRU - Best crypto staking platform in Australia</h3><p>AQRU is another best crypto staking platform to be mentioned in the list. It is also in favor in Australia. While there are 200 coins available for trading and daily transactions worth over $1 billion in cryptocurrency, AQRU supports both Bitcoin and Ethereum, which both offer an APY of 7%. Stablecoins such as Tether, USD Coin, and DAI can be deposited into AQRU as well.</p><p class="prosemirror-p-center"><img src="https://cdn.builder.news/news/11ecf794faad2845a8e6023f659fee92.jpg" alt="AQRU staking" title="AQRU staking" width="600" height="462"></p><p>In addition to lowering the danger of volatility, stablecoins like AQRU offer an extremely appealing annual percentage yield of 12%. As with AQRU tokens, users can stake on a flexible basis, allowing you to withdraw your cryptocurrency whenever you please. Alternatively, speakers might commit for one or three months to get better prices. AQRU does not require users to lock away their digital currency tokens, in contrast to other crypto interest accounts in this market.</p><h3>Crypto.com - Best crypto staking platform in Canada</h3><p>Crypto.com is world-renown for being a popular cryptocurrency platform and also the <strong>most popular crypto staking platform</strong> in Canada. Through Crypto.com, users can trade for over 250 types of cryptocurrencies, one of which is CRO tokens, Crypto.com’s own currency. Users can stake more than 50 different coins on Crypto.com for payouts of up to 10% on stablecoins (such TrueAUD, USD Coin, and DAI) and up to 14.50% on other coins for a predetermined amount of time. Besides, Crypto.com only costs users 0.04% to 0.4% maker fees, 0.1% to 0.4% taker fees, plus 2.99% for credit card purchases, which makes it one of the cheapest staking platforms.</p><p class="prosemirror-p-center"><img src="https://cdn.builder.news/news/11ecf794faad2c3ea8e6023f659fee92.jpg" alt="crypto.com staking" title="Crypto.com staking" width="600" height="434"></p><p>To get the best rates on Crypto.com you will need to buy some CRO tokens. The more $CRO you stake, the more benefits you gain. Participants can use the handy online calculator to see instantly what rates they will get, depending on how much CRO they have held for a specific amount of months.</p><h3>Coinbase - Best crypto staking platform in the UK</h3><p>Another <strong>best crypto staking platform</strong> to be mentioned is Coinbase. Coinbase is a fair, accessible, efficient, and transparent financial system enabled by crypto whose user-friendly tools and sleek design make buying and selling cryptocurrency a breeze. These benefits have helped Coinbase become one of the most well-liked cryptocurrency platforms in the UK. On this platform, users could trade, transfer, and stake cryptocurrency.</p><p class="prosemirror-p-center"><img src="https://cdn.builder.news/news/11ecf794faad34e2a8e6023f659fee92.jpg" alt="coinbase staking" title="Coinbase staking APY" width="600" height="238"></p><p>Coinbase’s APY is up to 5%. Although the rate is relatively low when compared to other platforms, Coinbase is excessively suitable for beginners who appreciate instructional tools and wish to earn extra money through initiatives like Coinbase Earn. Besides, Coinbase offers no gas fees for staking, which will be a very competitive advantage for people who are hesitant to invest.</p><p>Finding a place to maximize idle property is forever lasting thought in humankind. As long as cryptocurrency continues to thrive, there is room for staking. Staking is an extraordinary idea to invest money with a more profitable interest rate when compared to traditional finance systems such as banks.</p><div class="pr-block-special"><strong>Disclaimer:</strong><br>This article is intended for and only to be used for reference purposes only. No such information provided constitutes advice or a recommendation that any investment or trading strategy is suitable for any specific name.&nbsp;The projects mentioned are arbitrary and have been chosen by the author. </div>

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