Home The 7 sites for staking cryptos to generate passive income

The 7 sites for staking cryptos to generate passive income

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Crypto staking is perhaps one of the most popular ways to generate passive income. It's one of the simplest to do and requires no technical skills! It's accessible to everyone, although some methods require more knowledge.

The arrival of staking has been a great thing for the crypto world, let's be clear about that. If only for its economic advantages (no need to buy Bitcoin mining equipment, no additional electricity costs, no maintenance, etc.), proof-of-stake is an opportunity for wealth creation accessible to everyone. Indeed, by locking up cryptocurrencies for a certain period, you receive rewards.

And, because staking generally allows for the creation of passive income, it has quickly attracted the attention of crypto holders. So, now that the staking system is increasingly developing, with greater participation from investors, it is becoming ever easier to do so.

However, there are different ways of staking (more or less secure) and in this article we will see the different ways of staking via trusted applications or platforms.

What is staking?

In PoS (Proof-Of-Stake), staking (which is also translated as “staking” in French…) is a mechanism that allows users to earn passive income simply by storing them. There is a complex mechanism behind why and how it works, but to keep it simple, you can understand it as earning rewards for “storing cryptocurrency in your wallet”.

At the beginning of setting up this mechanism, it was quite complicated to do staking. Today, it really has become simpler and simpler. There are in fact sites today that allow you to do this in a simple way, without configuration.

The amount of reward reward is directly proportional to the number of coins you have (stored in the wallet) and the annual percentage varies from 5% to 35% or even more depending on the crypto.

This is a method particularly appreciated by people who have little capital to invest.

So that's the simple explanation; Now, we will be able to discuss the best crypto staking sites because I know you are impatient! 🙂

Top of the best staking wallets

😛 Note on this ranking: There are many (too many?) staking platforms, and choosing one isn't easy. I personally use several sites for staking, and I'll explain why later in this article.

Sometimes these are applications with additional functions, dedicated sites or facilitator sites. The choice is not easy knowing that I had to select the most reliable (over time). It has already happened that sites close and I do not want to show you, in fact, sites which risk not remaining in the long term.

Also, I wanted to choose easy-to-use sites, which allow you to stake in a simple way without having to do any configuration. I will show you in other articles, if you are interested, platforms that allow you to do non-custodial staking and completely autonomously. And, therefore, without having to pay any fees. No fees to pay, but then you will have to do the configurations yourself. Rest assured though, it is not of the same difficulty as masternodes. Quiet bugou.

So here I show you an overview of the options available according to your preferences, app, site, ergonomics so that you want a clearer view,

The best apps for crypto staking

In this section, we will see solutions that allow you to stake directly via decentralized wallets. You can use them in computer or mobile version depending on your choices.

1/ Guarda Wallet

Guarda is a very easy-to-use and secure multi-crypto wallet that supports over 100 crypto assets. You can also exchange them and do many other interesting things (including creating tokens, but that's another topic).

The Guarda wallet is a non-custodial wallet, which allows users to have complete control over their private keys.

Similar to Atomic Wallet, this is a wallet available for web, desktop, mobile or as a Chrome browser extension. Guarda is renowned for safety and ease of use. It is possible to create multi-sig wallets for greater security.

The Guarda wallet supports PoS coin staking so users can earn additional tokens, without having technical skills.

However, I think that it is certainly an excellent application, but perhaps not ideal for beginners. This is just my opinion, it seems to me that staking on this wallet is a little more complicated (without being very complicated either!).

Staking on Guarda

2/ Atomic Wallet

Atomic Wallet is a truly remarkable wallet, and I'm not afraid to say it's one of the best on the market . First and foremost, it's one of the most secure wallets available, and here are its key advantages:

A Muti-cryptocurrencies wallet and you can exchange them directly on the platform without paying any fees.
It is a decentralized wallet (This means you own your backup phrase and private keys, so you have full control over your funds. We do not have access to your wallet and sensitive information. Your 12 word backup and Your private keys are stored locally on your device and heavily encrypted. Additionally, your funds are not located in the wallet itself, they are stored securely on the blockchain.)
You can use it anonymously (No need for KYC, unless you buy directly with a credit card on the site).

You can get the wallet directly on your computer or mobile. Remember that this is a decentralized wallet, so you will need to download the wallet. It's not a site like Coinbase for example, where you can log into the site online.

And, what interests us here is that beyond its functions as a classic crypto wallet , you can also stake your crypto assets on Atomic Wallet. Users can delegate their crypto assets to validators to earn interest without fees.

You can stake 9 different cryptos with different interest rates.

3/ Trust Platform

Maybe you already know? It is a crypto wallet which is indeed very well known because one of the oldest. There are more than 1 million (satisfied) users. In fact, it is the official crypto wallet of Binance, hence its notoriety.

The TrustWallet app is a non-custodial wallet . This means that you are the one who keeps your data secure.

Again for me, it's one of the best that we can do everything on this platform. Buy cryptos by credit card, trade instantly, etc.

Trust wallet is therefore a classic wallet where you can have hundreds of different cryptos and tokens.

Moreover, it is certainly on Trust Wallet that you can have the most tokens, it seems to me as the choice is so varied.

Currently, the Trust platform supports staking for:

VeChain (VET), TRON (TRX), Callisto (CLO), TomoChain (TOMO), Tezos (XTX), Cosmos (ATOM), IoTeX (IOTX) and Algorand (ALGO) . They will add more later.

😎 Staking is extremely easy. All you have to do is deposit your tokens and you can start earning additional cryptos.

Download TrustWallet

The best exchange platforms for staking

4/ Staking on Binance

Binance recently launched its dedicated staking platform allowing users to deposit PoS coins and earn staking rewards. It offers the easiest way to stake and earn rewards.

The main advantage of using the Binance exchange for staking is that users can begin staking without having to configure their nodes. Users can simply earn rewards from supported coins by holding them in their Binance account.

To make staking attractive with Binance , it offers additional promotional rewards to users and charges no fees on staking transactions. Furthermore, Binance allows you to exchange your staked coins for other coins, and your coin balance and rewards will be adjusted accordingly.

Currently, it offers to participate in all major PoS coins, including TRON, NEO, ATOM, Tezos, Algorand, QTUM, Stratis, Stellar, Ontology, etc.

Staking on Binance

The best platforms dedicated to staking

5/ MyContainer :

I've already written an article on the subject and even made a video about staking on MyContainer. You'll also find a review article about MyContainer.

So, I like MyContainer in the sense that it is a really very practical site for staking.

The site takes a commission on rewards but it is entirely possible to have 100% of the rewards for you, if you take out a subscription.

It really is one of the best staking sites, that's for sure.

(You can also read my review after a year on the platform and see how much I earned with Mycontainer )

I must say that I have been using this site for over 6 months and I have nothing to say about it. It is simple and very intuitive.

There is a wide range of crypto for stacking with really very attractive rates. No configuration, no handling. Every day, you receive your rewards automatically.

Try MyContainer now

Crypto staking without an intermediary

6/ Stakebox

So, I wanted to make an article entirely dedicated to that but I couldn't wait. If you are really interested in staking and want to do it independently, then this is for you.

😛 Just so you know: Staking with Stakebox is a little different from what we just saw. That said, it's a more efficient system than the processes used by wallets like Ledger or Trust Wallet.

Instead of an app or site for staking, Stakebox offers custom cryptocurrency Raspberry Pi staking devices.

In short, it offers a coin-specific staking device with the flexibility of usage as per your convenience and without the need to connect it to your PC or MAC. Indeed, the Stakebox itself acts as a computer in fact.

Stakebox devices are energy-efficient and designed for 24/7 operation, making the staking process more cost-effective. With minimal setup and maintenance, they are very easy to use and operate.

It offers custom staking devices of 17 coins, including QTUM, Reddcoin, PIVX, CloakCoin, BitBay, Pinkcoin, Whitecoin, Denarius, etc.

In my personal opinion, using StakeBox is the most effective way to invest in cryptocurrency and earn rewards. However, the cryptocurrencies offered don't seem very stable in the long term.

Stakebox is an efficient and less power-consuming device so you can use it 24×7 while earning your PoS coins. They have partnered with QTUM, Pinkcoin, Whitecoin, Denarius, Reddcoin, CloakCoin and Neblio so users can get their custom branded kit for automated staking. This is the weak point of stakebox in fact. I had to opt for crypto neblio in which I have no particular interest. I just wanted to try.

Currently, more than 15+ Stakeboxes are available for different altcoins.

The other drawback of Stakebox is that if users wish to skate with multiple cryptocurrencies, they would have to customize multiple devices for each coin.

7/ Staking with the Ledger wallet

The Ledger wallet is one of the most popular, well-known, and reliable crypto wallets on the market for the security of its cryptocurrencies.

You can stake tokens using Ledger Live, the desktop app, or through your Ledger device. However, Ledger Live is only compatible with Tezos (XTZ)) and for other coins you need your

Using Ledger Live, user can select validators from a long list based on their choices and preferences.

The other benefit of playing with Ledger is that you receive income while keeping your cryptos secure in your Ledger wallet.

Order a Ledger!

Staking is a great option for growing your crypto portfolio

Here we have just taken a tour of the best crypto staking sites, the simplest in any case.

Staking is something that almost everyone in the cryptocurrency world has probably already heard of. In fact, it's becoming quite trendy. Many are even turning away from Bitcoin mining because of it.

It has to be said that it's so simple that anyone can do it. Similarly, compared to passive interest with lending sites , it can be done with small amounts. That's why I generally recommend that beginners try staking.

Users do not need any specific technical knowledge to start staking.
It is much cheaper because there is no need for expensive equipment like for mining for example. Staking is therefore more environmentally friendly. Likewise, it turns out to be more cost-effective as there is no electricity cost.

Staking income is stable and predictable, as the system rewards users with a fixed percentage of the coins reserved, although reward rates vary between cryptos.

How does staking actually work?

Most often, staking works in blockchain systems, which have their consensus algorithm based on the Proof-of-Stake method.

(Know that it's a little more complex but here, I prefer to simplify)

The Proof-of-Stake method allows the system to reach consensus among all its nodes. But blockchain can't just use users' random cryptography. It needs something more stable, which can be achieved by the following algorithm:

The user lets the system reserve a certain amount of crypto for the consensus system;
The system uses the reserved coins/tokens for network needs;
When using crypto, the user is paid by the system with a commission for transactions between other users;

What are the risks of staking?

You should know that in most cases, staking implies that you have locked cryptocurrencies for a certain period of time. This means that your funds are inaccessible for a fixed period of time. This can turn into a difficult situation if you need liquidity for example.

Other risks are that the token you stake may lose value. Again, remember that every investment involves risk.

The other side of the risk is that you can do this through a trusted third party who would be subject to hacks or going out of business. If you are staking on a centralized platform and it shuts down, your funds will be lost.

You must be aware of the risks and favor decentralized staking if possible.

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