Which crypto platform is the best in staking?
Picking a staking venue boils down to three basics: the real yield after fees, who controls your keys, and how solid the platform’s security record is. Centralized exchanges such as Gemini, Binance US, and Crypto.com hide the technical details but take custody of your coins, while DeFi choices like Aave, Bake, and Lido leave you in full control and can offer richer rewards if you are comfortable managing wallets and gas.
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Best staking platforms comparison
Below is a quick look comparing our top picks, including typical APYs, main features, and security considerations. Rates can vary by asset, and all data is approximate. Visit the platform for the most current details.
Aave is a decentralized finance (DeFi) protocol known for lending and borrowing. It also supports the staking of tokens like ETH, MATIC, and WBTC, appealing to large-scale stakers seeking an on-chain, flexible option.
APY
Key features
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Non-custodial: you manage your private keys
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Integrates smoothly with MetaMask/Coinbase Wallet
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Flexibility to lend, borrow, or swap tokens within the ecosystem
Fees
Deposit methods
Withdrawal fees
Trading fees
– Pros & Cons
Pros
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User-friendly UI for an on-chain protocol
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No identity checks required, preserving privacy
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Large-scale staking can yield significant returns
Cons
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Smaller stakers may find the returns modest
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Collateral could be liquidated abruptly if certain conditions aren’t met
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Limited direct tracking tools for taxation or record-keeping
– Why our experts picked it
Aave offers an all-in-one DeFi platform with robust liquidity. Large-volume crypto holders can stake tokens without dealing with centralized custody. Its flexible, open-source environment suits advanced stakers seeking on-chain control.
Bake
Best for peer to peer lending and borrowing
Bake (formerly Cake) is a Singapore-based DeFi platform that connects users via a peer-to-peer model, offering staking, lending, and borrowing. It supports a wide range of assets, including BTC and ETH, and can yield up to ~20% in certain pools.
APY
Key features
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P2P DeFi approach can boost interest rates
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Simple interface for staking, borrowing, and lending
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Numerous coins supported
Fees
Deposit methods
Withdrawal fees
Trading fees
– Pros & Cons
Pros
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Lock-ups for top-yield pools can be lengthy
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Some advanced pools or swaps incur higher fees
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Missing some specialized or lesser-known coins
Cons
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Trading stake fees may be relatively higher compared to other exchanges.
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Limited support for some lesser-known currencies and tokens.
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Long freeze time for high APYs.
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Users may only borrow in DUSD and cannot convert DFI rewards to other coins.
– Why our experts picked it
Bake stands out with its peer-to-peer model and wide coin support. Earning options go beyond just staking, opening a range of ways to earn. Plus, its user-friendly design suits both new and seasoned DeFi participants.
Gemini is a regulated US exchange providing a simple gateway to staking. Its compliance and transparent structure make it particularly appealing to institutions, though individuals also find it user-friendly.
APY
Key features
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Institutional-friendly approach
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Low-friction staking, no direct gas fees
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Strong security track record
Fees
Deposit methods
Withdrawal fees
Trading fees
– Pros & Cons
Pros
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Fully regulated and reputable in the US
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Great for larger firms needing compliance
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Simple interface for staking
Cons
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Limited coins for staking
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Slightly higher trading fees than some competitors
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Customer support can be slower when volume is high
– Why our experts picked it
Our team appreciates Gemini’s robust compliance, which appeals to professional entities needing a regulated environment. Additionally, the platform’s streamlined staking helps new investors get started, with relatively few complications.
Binance.US is a leading American exchange branch of global Binance. It offers a user-friendly option to stake various tokens at fair APYs and charges no direct staking fees.
APY
Key features
Fees
Deposit methods
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ACH, wire, crypto deposits
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Debit cards around 3.75% fee
Withdrawal fees
Trading fees
– Pros & Cons
Pros
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Straightforward staking approach for novices
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Decent range of PoS tokens
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Credible brand derived from Binance
Cons
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Not as many staking choices as the global Binance platform
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Regulatory constraints vary by state
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Some advanced features not offered in the US
– Why our experts picked it
Binance.US combines decent APYs, straightforward staking steps, and minimal fees. It’s a prime match for newcomers who want to stake in a regulated US environment with minimal friction.
Crypto.com focuses heavily on mobile usability with its Crypto Earn program. Through the app, you can stake 20+ coins or stablecoins, receiving weekly payouts. Holding CRO tokens unlocks higher yields.
APY
Key features
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Easy mobile app for staking, shopping, and more
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Tiered loyalty structure with CRO
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Rewards distributed weekly
Fees
Deposit methods
Withdrawal fees
Trading fees
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Maker/taker, typically 0.075%–0.4%
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CRO holdings can reduce fees
– Pros & Cons
Pros
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Streamlined mobile experience
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Flexible lock-up periods with clear APY listings
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Weekly rewards directly to your wallet
Cons
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Best APYs require significant CRO stake
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Desktop usability is limited
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Some users may find the tier system restrictive
– Why our experts picked it
For a smartphone-first approach, Crypto.com stands out. It smoothly blends user-friendly staking with an all-in-one ecosystem. Newcomers can easily stake various tokens, and experienced holders can target top-tier yields by staking CRO.
How to choose the best platform for staking
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Security first: Focus on platforms with strong reputations and protective measures.
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Asset variety: Make sure your chosen token is supported.
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Reward rates: Compare APYs but watch out for overly high numbers.
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Lock-up terms: Check if you can stake or unstake at will or have fixed periods.
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Fees and convenience: Some platforms take a cut of rewards; others may require advanced steps or knowledge.
How to compare staking exchanges and apps
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Custody model: DeFi is typically non-custodial but can be trickier, while CEXs are simpler but hold your crypto for you.
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Supported tokens: If you want to stake multiple coins, ensure your platform covers them all.
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Fees vs. APY: A high APY can be offset by fees, so look at net returns.
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User reviews: Check community feedback on reliability and customer support.
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Methodology
How our crypto tax professionals selected the best DeFi crypto staking platforms
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