Best Staking Coins For Maximum Gains In 2023

What if you could earn passive income by locking the coins you already own in a smart contract? What if you could live off the interest accrued from such an investment? That’s the sort of financial freedom coin staking offers crypto investors. And it all starts with identifying the best staking coins in 2023, buying some, and locking them in the best staking platforms.

In this crypto investing guide, we will tell you of the nine best staking coins for maximum passive income in 2023. We will also touch on where to buy the best altcoins for staking and some of the most reliable staking platforms.

Best Staking Coins In 2023

Presented below is a quick overview of the best staking coins to invest in this year. Each of these coin projects will be reviewed in the following section.

 

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

What Is Staking And How Does It Work?

Staking is to crypto investing what a bank savings account or a managed investment account in a hedge or mutual fund are to traditional investing. It is a form of investing that makes it possible for you to earn rewards and interest when you validate transactions for a blockchain that uses the proof-of-stake consensus mechanism.

It also refers to a form of investing that involves locking crypto funds in a crypto lending platform and earning rewards/interest.  

Unlike other passive crypto investing ideas like mining, staking does not need special equipment. You do not even need special skills to lock your crypto in a DeFi protocol and earn rewards.

You only need to buy crypto assets and lock them in a reliable crypto lending platform or commit to becoming a validator on a blockchain that uses the PoS consensus mechanism.

Let us go over 9 of the best coins for staking rewards in 2023.

A Closer Look at the Top Staking Coins For Maximum Gains In 2023

When coming up with the list of the best staking coins for maximum passive income, we considered more than the rewards or interest generated from staking. We also considered the coins with the highest probability of gaining value while locked up in a PoS network of the crypto lending protocol.

Here is our list of the best staking coins in 2023.

1. Avalanche (AVAX) - Overall Best Staking Coin In 2023

Several factors make Avalanche one of the best staking coins in 2023. Its blockchain network, for instance, is one of the fastest-growing DeFi platforms in the crypto-verse. It also operates a Proof-of-stake consensus algorithm, with highly affordable staking minimums for both validators and delegates, at 2000 AVAX and 25 AVAX tokens - respectively.

At the time of writing, the Avalanche network is paying an average of 9.43% P.A to validators for staking coins on the platform. And it has a flexible lock-up period - starting from 14 days.

As a top 10 cryptocurrency, Avalanche has also been massively adopted as a top staking coin both within and outside the Avalanche network. It has been adopted by multiple crypto lending protocols and third-party wallets.

Nexo, a crypto lending platform, for example, rewards crypto investors with up to 17% P.A in interest when they stake AVAX tokens.

In addition to high staking rewards, we also feature Avalanche here because of its promise of uptrending future price action. Looking back on its price action for the last 12 months, for instance, the Avalanche token has grown its value by more than 275%. And moving forward, analysts are confident that it has all it needs to sustain this uptrend in the foreseeable future.

Read Also: Avalanche (AVAX) Price Prediction

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

2. Algorand (ALGO) - Top Staking Coin for Minimum Lock-Up Period

Algorand joins our list of best altcoins for staking because of the low minimum staking requirements for validators. On the Algorand network - which embraces a pure proof-of-stake algorithm - you can stake as little as 1 ALGO token. We also appreciated the fact that the network doesn’t have a minimum lock-up period.

There also are multiple third-party platforms - both staking and crypto lending - that will pay you to lock your ALGO tokens in their platform. The most popular is the Ledger Live staking platform from Ledger.

When you stake in these platforms, you can expect to earn interest of between 3% - 10% P.A.

It also makes it here because it has strong technicals and fundamentals. Over the next few months, for instance, analysts expect the imminent crypto market recovery to inspire a rebound for the 31st most valuable crypto asset.

Don't Miss: Algorand Price Predictions

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

3. Cardano (ADA) - Best Staking Coin For Smart Contract Networks

Cardano is the largest proof-of-stake blockchain - though it may soon be replaced by Ethereum after the MERGE. But this isn’t the only reason we featured it on our list of best coins for staking rewards. It makes it here because it has been widely adopted by crypto staking platforms, it offers competitive staking rewards, it is liquid - which makes stakeout easy and has strong fundamentals.

Today, for example, you can stake ADA tokens not just on the Cardano network but also on leading staking and crypto lending platforms - and even exchanges like Binance, eToro, and Crypto.com. Being a top 10 crypto asset and one of the most traded altcoins, stakeout for ADA tokens on either platform is rather seamless.  

The staking rewards for ADA are also highly variable, with exchanges like Coinbase offering 3.75% P.A while crypto lending platforms like Nexo offering upwards of 8.00% P.A.

Cardano is also expected to eventually morph into one of the largest smart contract platforms. It has been uptrending since its launch, and analysts are confident that it will post incredible value gains in the foreseeable future.

Check Out: Cardano (ADA) Price Prediction

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

4. Uniswap (UNI) - Top Decentralized Staking Coin

Uniswap is the second-largest decentralized exchange in the world, with more than $7 Billion locked in its liquidity pools. It makes it to our pool of the best staking coins in 2023 because of the massive reception the coin has received in the staking and crypto lending world, as well as its promise of a bright future.

Today, there are multiple liquidity pools on the Uniswap DEX, with varying lock-up periods where you can stake your UNI tokens. Here, staking rewards for the altcoin range between 3.0% and 12% P.A.

You could also choose to stake your UNI tokens on crypto lending platforms and wallets or such exchanges as Crypto.com and Binance. On these platforms, you get to earn interests of between 3% and 10% P.A.

Given its revolutionary approach to crypto trading, Uniswap has been consistently ranked among the most undervalued crypto projects. Moving forward, analysts are confident that UNI tokens prices may soon enter a corrective phase that catapults their value to unimaginable heights.

Don't Miss: Uniswap (UNI) Price Prediction

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

5. Solana (SOL) - Best Staking Coin For Long Term Investors

Solana is one of the fastest-growing crypto projects, as evidenced by the fact that it made it to the top 10 crypto asset category with a $34 Billion market cap less than 24 months after launch. It makes it here because of its popularity within the crypto staking circles and potential for future value gain.

Two factors have made Solana a popular staking altcoin - its network’s embrace of the DeFi ecosystem and its chase for interoperability, especially through the wormhole bridge.

Today, you can stake SOL tokens on the Solana blockchain as well as on third-party crypto lending and staking platforms like Binance, Crypto.com, Exodus wallet, and Nexo.

On the Solana blockchain, staking rewards average 6%, and lock-up periods start from 5 days. Third-party platforms, however, offer more competitive but highly variable staking rewards and interests of between 3% and 14%.

Solana is also one of the fastest-growing Ethereum killers. It has sustained an overall uptrend since launch and has an ROI of 46000%+. SOL is expected to sustain this uptrend, break above the current all-time high before the end of 2023, continue rallying, and set new price heights in the foreseeable future.

Don't Miss: Solana (SOL) Price Prediction

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

6. Chainlink (LINK) - Best Staking Coin For An Interoperable Blockchain

Did you know that Chainlink is the most widely held altcoin by crypto whales? This speaks to the crypto community’s confidence in the future of the Oracle network and its LINK tokens.

We feature it among the best altcoins for staking rewards even though the Chainlink network does not support staking today. Its development team has, however, promised to roll out the feature in the next few months.

This means that you can only stake LINK tokens on third-party crypto lending and staking platforms like Binance, Exodus, and Nexo. And the staking rewards on these platforms range from 2.5% to upwards of 8% P.A.

Chainlink also ranks highly among the most revolutionary crypto technologies, especially because of its oracle system. Its ecosystem is growing fast, and LINK token prices are already up from their introductory price by close to 10000%.

Analysts and investors are confident LINK tokens will sustain this uptrend, hit new all-time highs, and post unimaginable value gains moving forward.

Check Out: Chainlink (LINK) Price Prediction

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

7. Binance Coin (BNB) - Best Staking Coin For Maximum Rewards

Binance Coin is one of the most popular staking assets, a factor that has been largely fueled by the Binance staking platform. But in addition to the Binance platform, you can stake Binance on virtually all other staking and crypto lending platforms like Nexo and Exodus. It makes it here not because of its accessibility but also because of its high staking rewards.

On the Binance staking platform, for instance, you will easily find staking pools offering staking rewards as high as 100% for the Binance Coin. Most of these have flexible staking terms in that they have highly flexible lock-up periods, and you can start staking with a limited number of coins.

The Binance exchange and the Binance smart chain have also made Binance one of the most popular and most used crypto assets. They have helped the altcoin rally by 360000%+ in the last 5 years to become the 4th most valuable project with a market cap of $68.5 Billion.

Over the next few months, the BNB token is expected to sustain this uptrend, recapture its all-time high of $690, and probably set new price records. And all these make BNB one of the best staking crypto in 2023.

Check Out: Binance Coin Price Predictions

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

8. Polygon (MATIC) - Top Staking Coin For Layer 2 Networks

Polygon is one of the most popular and fastest-growing layer-2 scaling solution. And its MATIC token takes a place among nine of the best coins for staking in 2023 because of its attractive staking rewards, adoption as a staking asset, and strong fundamentals.

Given that it operates a proof-of-stake consensus algorithm, Polygon lets any MATIC token holder stake on the platform. The staking protocol is also highly flexible, with no minimum lock-up period or minimum MATIC token requirements. And the staking rewards can run as high as 14.3% APR.

You could also stake MATIC on popular third-party crypto lending or staking platforms and exchanges like Binance, Crypto.com, and Celsius. Here, staking rewards range from 4% to upwards of 15%.

Polygon is also widely featured in most crypto analysts and investor watchlists. It has already grown its value by more than 30000% and is expected to sustain this uptrend in the foreseeable future, making it worth buying and staking today.

Read Also: Polygon (MATIC) Price Prediction

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

9. Ethereum (ETH) - Best Staking With Highest Growth Potential

Ethereum is the only proof-of-work blockchain that makes it to our list of best staking coins for maximum passive rewards in 2023. Though it is looking to transition to the proof-of-stake consensus mechanism in the next few months.

That it is not a PoS network notwithstanding, Ethereum is one the most staked crypto assets, especially on the DEX and crypto lending platforms built on the Ethereum network. It is also massively popular among EVM-compatible layer 2 networks like Polygon.

It makes it here because of the competitive staking rewards and interest provided by different platforms and ease of stakeout. The fact that it is one of the most traded cryptocurrency as well as one of the most staked crypto-asset also make its stakeout relatively easy.

Different crypto staking platforms have widely varying rewards and interests for staking ETH, but they range between 4% and upwards of 20%.

Ethereum also makes it here because of its strong fundamentals. In the last 12 months, for instance, it has rallied up by more than 140%. Moving forward, analysts and investors are confident that its value will continue rallying. They expect it to recapture its November 2021 highs of $4800 before the end of 2023 and rally higher up in the months that follow. And all these make it worth buying and staking in today.

Check Out: Ethereum (ETH) Price Prediction

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

What Are The Best Staking Platforms In 2023?

Now that you understand what staking is and the 10 best coins to stake in 2023, we now need to look at the best staking platforms that offer maximum rewards. The top 5 include:

1. Binance

Binance started as a crypto exchange in late 2017, but it has since morphed into a smart contract ecosystem and hosts a wide range of crypto finance and investing protocols. It makes it here because it supports the staking of a wide range of crypto assets, pays higher than average rewards for most of these tokens, and its ease of use.

On the Binance staking platform, for example, you get to earn interest in excess of 150% for staking different coins. And in addition to the maxed staking returns, you get to enjoy highly flexible staking requirements, starting from low token minimums and even more flexible lock-up periods.

It even - through its affiliated Trust Wallet - links you to an even wider range of staking platforms, especially decentralized exchanges.

2. Crypto.com

Crypto.com exchange has also come off as one of the most attractive staking platforms. Like Binance, Crypto.com is also stretching its product offering, and this has seen it emerge as one of the best staking platforms. It, too, supports a wide range of crypto assets, pays highly competitive rewards for these coins, and has an easy staking process.

You can, for instance, stake virtually all the popular altcoins on Crypto.com’s staking platform. The lock-up period for these coins is also highly flexible and you, in most cases, need as little as one token to get started. The rewards vary from one coin to another, but it is not surprising for some tokens to have their annual interest exceed 50%.

To begin staking on Crypto.com, you only need to create a user account on the Crypto.com exchange, buy coins from the platform (or deposit from a third party wallet), click on the staking icon, and follow the prompts to deposit and customize the stake.

3. Uniswap liquidity pools

You could also stake tokens and earn massive rewards when you contribute liquidity to the Uniswap decentralized exchange. It is the second most popular decentralized exchange, with more than $7 Billion worth of crypto assets locked in the platform. We feature it among the best staking platforms because of the large number of supported crypto assets, higher than average staking rewards, flexible lock-up periods, and ease of use.

At the time of writing, for instance, Uniswap supports 100+ altcoins and tokens. There is a wide range of liquidity pools to contribute to, and the DEX is very transparent with its rewards system.

When you contribute liquidity to a pool, you will be entitled to a share of the earnings made from that pool - mostly accumulated from the trading fees. The fees on most platforms range from 0.3% to 1% and are shared among all liquidity providers - based on the amount of liquidity provided.

The process of registering a user account on Uniswap and adding liquidity to a pool is also quick and straightforward.

4. Exodus wallet

Exodus is one of the most popular non-custodial and online crypto wallets available today. But we feature it among the best staking platforms for maximum passive income in 2023 because it offers more than just crypto custody services.

It makes it possible for virtually anyone to stake a wide range of crypto coins and provides some of the highest staking rewards. As is the case with other crypto staking platforms, staking rewards vary widely depending on the staked coin, but it is not uncommon for Exodus to pay more than 20% P.A for staked coins.

The process of staking coins on the platform is also easy and straightforward. It starts with downloading the Exodus wallet, registering a user account, depositing coins, and following their staking prompts.

5. Nexo

Nexo is a massively popular crypto lending platform. It, too, makes it to our list of best crypto staking platforms because of its support for a wide range of crypto assets, highly competitive staking interest, and ease of use.

At the time of writing, for instance, NEXO supports 20+ coins and promises to help investors earn as much as 17% APR on their staked coins. This interest on staked crypto assets is compounded and paid out daily. Not to mention that it has one of the easiest onboarding processes as it starts with creating a user account, depositing coins, and staking.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Where To Buy Staking Coins

Thus far, we have looked at the best staking cryptocurrencies for 2021 and the best staking platforms. But where do you buy these staking coins?

Well, for starters, you will notice that most of the staking platforms we have features have integrated exchanges or instant-buy platforms for their staked cryptocurrencies.

However, if you are looking for friendlier user interfaces, lower transaction costs, and support for a wider range of payment methods, consider buying from the flowing top crypto exchanges:

1. eToro - Best Staking Exchange for beginners

eToro started as a forex trading platform, but it has since morphed into one of the most popular crypto exchanges. It supports all the most popular crypto exchanges and makes it here because it has one of the most beginner-friendly user interfaces. It also allows for the purchase of crypto with fiat and supports one of the widest range of payment methods - including PayPal.

2. Coinbase - Best Staking Platform for instant buy

Coinbase is one of the oldest and most reputable crypto trading platforms, and it too has a crypto staking platform. It makes it to our list of best places to buy staling coins because of its instant-buy feature that allows you to buy all the most popular cryptocurrencies instantly - with fiat or another crypto. We also appreciate the fact that it is massively liquid and supports an extended number of crypto assets.

3. Binance - Best Staling Site for low fees

Binance isn’t just one of the best coin staking platforms, it is also one of the best places to buy staking coins. Established in 2017, Binance has morphed into the largest and most liquid crypto exchange in the world.

It also supports the widest range of crypto assets. But it makes it here because of its incredibly low crypto trading fees that range from 0.1% to 0.04% and drop by a further 25% if you pay for this fee with BNB coins.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Bottom Line

That's it. There go the nine best staking coins for maximum passive income in 2023. We have also included the list of the best staking platforms for the majority of these altcoins and the best places to buy them.

Are you new to crypto investing and looking for alternative ways of compounding your crypto earnings? Consider staking. And going by the coins we have listed here, it is evident that it makes it possible for you to earn as low as 2.5% and in excess of 100% P.A on staking crypto.

The best thing is that staking creates room for anyone to earn doubly from their crypto investment. You get to earn passively from the staking rewards/interest and when the value of the staked coins appreciates in value while in lock-up.

Open an account with eToro, deposit some funds with USD, and finally – buy Staking Coins for just $10.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Best Staking Coins FAQs

What is the best crypto to stake in 2023?

In the above guide, we have highlighted the best 9 cryptocurrencies to stake in 2023. But when considering the best crypto to stake in 2023, consider such factors as the crypto staking reward/interest and the likelihood of the coin’s value growing during staking lock-up.

How much can I make staking a cryptocurrency?

There is no standard staking reward for a cryptocurrency. How much you make from staking any crypto asset is largely dependent on such factors as the preferred coin and the crypto staking platform.

Which cryptocurrencies can I stake in 2023?

There is a growing list of cryptocurrencies that you can stake in 2023. Hereinabove, we have listed 9 of the most popular crypto staking coins. You will, however, need to consult your preferred crypto staking platform to understand which cryptocurrencies are supported on their platform.

Which is the most staked crypto asset?

According to Statista, Cardano and Solana are the most staked coins as of early 2023, seeing they have as much as 70% of their circulating supply locked up in different DeFi protocols.

Which is the best crypto staking platform?

We would recommend Binance as the best crypto staking platform because of its support for a wide range of cryptocurrencies, higher-than-average staking rewards, and ease of use. But we also found Exodus wallet, Nexo, Crypto.com exchange, and Uniswap DEX equally good. 

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

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