Staking: The 8 cryptocurrencies that generate interest

I noticed that you like articles that talk about passive income with cryptocurrencies. So, here, I'm going to tell you about the number 1 method for generating passive income in the field of cryptocurrencies. I'm talking about the method of staking cryptocurrencies.

I have often talked to you about masternodes (and shared masternodes), but I also had to explain to you how crypto staking works 🤑. Even more, I will tell you about the 6 cryptocurrencies that will allow you to generate additional tokens.

💰Token Staking: When “Storing” Tokens Makes You Earn Some

Cryptocurrency staking is a very popular method for those looking to grow their capital in crypto. This is explained in particular by the fact that staking does not require any technical or other knowledge.

Even a complete beginner can do cryptocurrency staking, in fact. In fact, it simply consists of keeping an amount of a cryptocurrency without touching anything. Yes, that simple.

Cryptocurrency staking offers regular payments to those who hold their cryptocurrencies in appropriate wallets. This is called “staking”. In fact, staking helps secure the network as a whole.

For example, Bitcoin is secure and works with those who mine bitcoin. They are the ones who validate transactions and ultimately ensure that the blockchain executes properly.

Likewise, other blockchains use other methods to support the network, among other things, through stacking. I know my explanation is very simplistic here. I am planning a future article on the more precise description of stacking. I would also explain the difference with masternodes. Yes, there is, although both methods allow you to generate passive income.

The 5 main principles of cryptocurrency staking:

• You will need to keep your capital in a specific online wallet.
• Some cryptocurrencies require special configuration (for example, with fees or others)
• You will need to keep your tokens throughout the requested period (it varies depending on the crypto-currencies)
• You receive your earned tokens for free after the end of the staking period.
• The amount of your rewards vary depending on whether you have more or less capital.

I would add that some cryptocurrencies pay you rewards in a token other than the one you have.

Also, you will earn more or less depending on the cryptocurrency you choose. I have selected the 6 most popular cryptocurrencies for cryptocurrency staking.

The 8 cryptocurrencies to earn interest by staking:

💰Here is a summary table for each of the 8 cryptocurrencies that generate interest when stored in a wallet.

For each cryptocurrency, you will find the particularities of staking in the middle column. In the right column, you will see the detailed procedure for obtaining this cryptocurrency.

Conclusion: Earn interest on cryptocurrencies by staking

In this article only the 8 strongest cryptocurrencies in terms of staking have been listed. That said, there are many other cryptocurrencies that offer the possibility of staking. Some even offer interest two to toris higher than what I listed in the table above.

However, I didn't mention it because I wanted to give you safe cryptocurrencies. Indeed, although others offer high returns, they also carry significant risks.

Ultimately, Proof-of-Stake is a system where you win twice. You get interest per month in exchange for your trust in the network. Likewise, you ultimately get back the amount invested and it will surely have increased in value.

Cryptocurrency stacking is also an interesting method because it allows everyone to earn cryptocurrencies for free in fact. This allows you to have a passive income in crypto very accessible. It used to be that only miners and those who could set up masternodes could do this. Now everyone, even the most novice among us, can get started. 

Unlike miners and masternode operators, earning through stacking does not require excessive start-up costs and does not consume as much electricity as mining for example.

This is not investment advice. Always do your own research before investing.