Putting your idle cryptocurrencies to work and maintaining full ownership of your coins. Yes, we are talking about crypto staking.

Cryptocurrency staking and delegation are on the rise and as a result, there are more thriving PoS ecosystems and staking opportunities than ever.

The numbers speak volumes about the skyrocketing return. The average staking yield increased by 11% Q/Q to 15.4% and the average stake rate increased by 14% Q/Q to 49.3% in the first quarter of 2022. (Staked)

The good news is that it’s not too late to jump on the bandwagon and secure your financial future.

Wondering what the best crypto staking coins are and how to get started? We’ve got you covered. In this guide, we explore our top 5 picks as well as the best place to stake stablecoins and efficiently delegate the most profitable digital assets to earn interest.

How to earn a reward with crypto staking coins?

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Asset holders have the ability to earn rewards via Proof of Stake, which involves the validation of block transactions

Rewards are based on the number of coins a validator holds in his balance. Meaning the more cryptocurrency you hold, the more you can stake, and the more potential rewards you receive.

Blocks are validated by more than one validator, and when a specific number of the validators verify the accuracy of a block, it is finalized and closed. Rewards largely depend on the frequency of blocks produced by a particular cryptocurrency’s network.

Every time a block is added to the blockchain, new staking reward coins are distributed. In most cases, the rewards are the same as the cryptocurrency that participants had staked. However, there might be other conditions and the type of rewards depending on the network.

Best coins to stake in 2022

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If you are looking for a way to stake coins and boost your crypto returns, here are 5 best crypto coins for staking and generating passive income in your crypto portfolio:

Ethereum 2.0 (ETH)

Ether is the world's second largest cryptocurrency by market cap. (Investopedia) Whereas, Ethereum 2.0 is a newly developed version of Ethereum that utilizes Proof-of-Staking (PoS) instead of PoW. With such a drastic shift, it has upgraded security and network scalability.

The safety became more enhanced now that the ETH’s network is monitored and protected much more robustly. So, staking it won’t be only enjoyable but also safe.

Cosmos (ATOM)

Cosmos is an ever-expanding ecosystem of scalable and sovereign blockchain apps and services, built for a decentralized future. It is a platform where newbies can easily derive the maximum rewards and enjoy the Cosmos’ decentralization and adaptiveness.

Additionally, as Cosmos uses Delegated Proof of Stake (DPoS) it is regarded as one of the most superior cold staking coins. As a matter of fact, the delegated proof of stake coins function similarly to the PoS coins, but DPoS makes the process more efficient because of the quality of delegating and voting.

Polkadot (DOT)

Polkadot is a cryptocurrency that is a shared multichain network able to process several transactions in parallel chains. A distinguishing thing about Polkadot is that it’s applying Nominated Proof-of-Stake that encourages holders to be engaged as nominators.

Also, scalability and multi-chain technology make Polkadot one of the most exceptional providers.

Besides, the Polkadot annual reward rate is nearly 14%, depending on whether you delegate or run a validator note.

Tezos (XTZ)

Tezos is a Blockchain network connected to a digital token Tezzie. A unique Tezos feature is that it promotes optional delegation by using LPoS (liquid proof of stake).

With XTZ, all stakeholders have a say in the decision-making process. Participation in network upgrades is done either through baking (signing and publishing blocks) or delegation (Delegated Proof-of-Stake).

Staking Tezos offers an average yearly return of 6,2%. This interest rate may vary depending on different criteria.

Beyond Protocol (BP)

Beyond Protocol is a blockchain-centric, universal protocol that enables devices to exchange value and communicate within a trusted network through a combination of hardware signatures and validating nodes.

Beyond Protocol’s pre-stake program is designed to stimulate the growth of the staking ecosystem through high yields and mainstream adoption.

And, currently, there are two staking programs that generously incentivize the network support activity:

  1. more flexible program with a 101% APR;
  2. more rewarding program with a minimum 30-day lockup, higher 133% APR, and exclusive private sale access to the profit-sharing $BPEV token. (Beyondprotocol)

You don’t need to be a crypto expert to realize it is one of the most profitable coins to stake.

Top crypto staking coins — which one is the right for you?

Now that you know the best coins to stake right now, the hard decision comes along. How to properly choose the right asset that will turn your returns for the better?

Checking the lists of the best proof of stake coins is certainly not enough and, moreover, it will never constitute financial advice. Like with any other investment, you should do your own research on the assets you would like to stake.

It is advisable to look at factors such as market capitalization, liquidity, historic value, current price, size, quality and so much more.

Don’t choose assets solely counting on returns. You must understand that annual returns are not fixed and can fluctuate substantially in one day. So, make sure the asset you opt for meets the standard digital asset investment criteria.

How to stake coins in a wallet?

Now, we’re moving on to the most exciting part. How to stake coins?

There is no complex process behind staking coins. Just for the sake of brevity, staking means storing cryptocurrency in the wallet. Initially, when the Proof of Stake consensus has been just introduced numerous users had to go through numerous verifications and configurations but, nowadays, it is as easy as ABC.

The beauty of cryptocurrency staking lies in its straightforwardness and minimum of steps. You just keep tokens in a wallet that supports staking and get rewarded for block validation.

The greater the number of coins you hold, the more coins you have to pledge and, consequently, be paid some dividends as a loyal supporter in return for your vote.

How to stake coins on MyCointainer?

MyCointainer is certainly the best place to stake coins when it comes to safety, returns, functionalities, and customer service.

Follow these steps to start staking:

  1. Login to MyCointainer.
  2. Find “Staking” in the main menu
  3. Click “Deposit” to generate the MyCointainer wallet address or click “Buy” to purchase the desired coin if you don’t have any yet
  4. Transfer your assets to a generated address
  5. You are done. Your coins will soon appear in your MyCointainer account and rewards will be displayed!

What coins can I stake on MyCointainer?

MyCointainer has 150+ digital assets to stake that offer one of the highest yields. The ones mentioned in this guide are supported for staking if you are curious. Find the list of all assets here.

To sum up

Choosing the right coin to stake is the most determined decision that will shape your financial future.

If you are new to crypto, start by experimenting with minimum amounts with particular staking protocols and staking rewards. There will be ebbs and flows that can bring outstanding results when faced in a smart way.

Remember that this is both a numbers game and a gut feeling. So, rely on your anticipations and market predictions but do conduct your own research as well to choose the project that has a potential to crown with success.