Guide to Choose the Best Staking Platforms

Choosing the best staking platforms is important in cryptocurrency trading. This guide will help you make your choice.

When trading cryptocurrency, choosing the best staking platforms can be a little confusing. After all, you are trusting your cryptocurrency stacks to them.

That being said, choosing the best staking platforms is important. To do that, you must understand the features that these platforms offer.

Now let's start from the beginning.

Understanding Staking

What is staking? Why do you need staking platforms to manage them?

Staking in cryptocurrency means when you 'stake' a certain amount of tokens in order to secure a blockchain of networks. The buyer who holds these coins becomes an important piece of the network and usually earns a reward in the form of new coins.

Staking is a part of proof-of-stake (PoS). The concept of PoS states that a person is allowed to mine or validate block transactions depend on how many coins they hold. So the more coins you own, the more mining power you have.

PoS is a more environmentally-friendly alternative compare to its predecessor, the proof-of-work (PoW). Normally PoW requires machines to solve the mathematical puzzles to prevent anyone from cheating the system.

Why Do You Need Staking Platforms

Due to the technical nature of cryptocurrency, you will need a system that will help you manage your stacks in order to increase your chance to earn rewards. This is where staking platforms come in handy.

It is important for you to choose the best staking platforms. This is the list of reputable staking platforms providers that you can choose from.

1. Figment Network

Figment Network is a Canadian-based provider and known to be one of the best staking platforms in the crypto market. This platform supports Horizen, Cosmos, Kusama, Kava, Livepeer, Chainlink, Tezos, Terra, IRISnet, Harmony, ICON, Algorand, and Aion.

This platform is also very easy to use. To start staking you just have to click the 'stake now' button and choose whatever token you want to stack. Figment will provide you a calculator to determine your returns. You can set this in the span of daily, monthly, or even yearly returns.

Some of the features Figment Network offers are:

• Service via Telegram and email
• Book a call for 30 minutes
• You can maintain control of your tokens all the time
• Staking Fees 0 to 15%

2. Staked

Staked is a New York-based company that supports Tezos, Decred, EOS, Livepeer, and Factom. This company claimed that investors can get 5 to 100% annual returns. Unfortunately, Staked does not mention regulatory compliance.

Some features you can get from this platform are:

• Secure staking infrastructure
• Easy to schedule call support service
• Staking Fees 0% to 54%

3. Dokia Capital

Dokia Capital is a company based in Bucharest. This platform allows you to stacks assets right from your wallet. Right now this platform supports Cosmos, Terra, Kava, and IRISnet. You can find the estimated amount of daily, monthly, and annual returns under each token.

Some features they offer are:

• Chat and email support service
• Multi-tier security to prevent attacks
• Staking fees 5% to 15%

4. Stake Capital

Stake Capital is a finance company that allows users to stake Loom, Livepeer, Cosmos, Tezos, and Kusama. It is quite easy to use. Simply click the tokens of your choice, and follow the instructions.

These are some features they have:

• This platform uses a hardware security module or HSM to sign the offline transaction
• Live support to help users with the staking process
• Staking Fees 0% to 10%

5. MyCointainer

MyCointainer is an Estonian-based company that provides staking, buying, and investing in cryptocurrency. As one of the best staking platforms, MyCointainer allows its users to stake over 50 different PoS-based digital assets.

MyCointainer supports Phore, PinkCoin, Bitbay, CloakCoin, PIVX, Particl, NavCoin, OKCash, Wagerr, BlackCoin, and many more.

Some features you need to know about this staking platform are:

• Easy and beginner-friendly platform
• Mobile app-friendly tracking (Android and iOS)
• Staking fees 0% to 28%

6. Stake Fish

This South Korean-based staking platform allows buyers to stack multiple assets. Right now Stake Fish supports several cryptocurrencies such as Solana, Aion, Livepeer, Alogrand, Cardano, and Kava.

These are some features they have:

• Secured platform with collective security features
• Staking fee 0% to 20%
• Enable users to stake different assets

7. StakingLab

StakingLab is a European staking platform based in Germany. It allows buyers to soft stake stackable assets suck as PIVX, Reddcoin, Phore, and few other ones.

It offers features such as:

• User-friendly platform
• Customer service support
• Staking fees 7.5%

8. Stakewith.us

Stakewith.us is one of the best staking-as-a-service platforms from Singapore. It allows buyers to stack assets such as Cosmos, Terra, Kyber Network, Kava, IOV, and Band Protocol.

Their features include:

• Easy to use self-service interface to earn high-yield staking rewards
• Affordable staking fees of 10%

9. P2P Validator

P2P Validator is a company based in George. P2P Validator facilitating their buyers to utilize a wide range crossing 25 networks to stake their assets. This platform was founded in 2018 and now supports Polkadot, Cosmos, Ethereum, Tezos, Cardano, Marlin, and others.

You should consider this platform because they offer:

• Non-custodial staking with fees ranges from 3% to 15%
• Good security service
• Giving access to more than 25 networks to stake their assets

10. Staking Facilities

This Munich-based company is worth being one of the best staking-as-a-service platforms. They run industry-grade, highly secure infrastructure. Right now, Staking Facilities support Tezos, Cosmos, and Aion.

Their features are:

• Secure operations of buyers
• Non-Custodial staking service with staking fees 5% to 20%

Those are some of the best staking platforms that you can consider. If you are unsure which cryptocurrency to choose, read The Most Profitable Coins for Staking