Did you know that staking PoS cryptocurrencies is one of the easiest ways to earn passive income? Here's the list of the best coins for staking.

Profitable Coins for Staking

PoW is starting to fall behind due to its higher fees, slower transaction times, and more demanding requirements. This leads to many investors switching to PoS cryptocurrencies.

As an alternative to PoW, PoS requires potential validators to "stake" their coins on the network. Participants can either earn rewards by nominating trustworthy validators or becoming validators themselves if they stake enough coins. This way, distributed consensus can be achieved cheaper and more energy-efficient.

For investors, staking PoS cryptocurrencies is a great way to earn passive income as it only requires them to stake their coins. PoS staking can generate up to 30 percent rewards per year, on top of the value of the underlying token itself.

Some coins that can be profitable to stacks are:

  1. BNB: Earn 30% or more by staking alone.
  2. Tezos: Get approximately 6.8% returns per year
  3. Flow Token: The estimated reward rate of Flow is 8.80%.
  4. NEO: You can get approximately 5.5% return per year using NEO.
  5. Dash: Allows you to get an annual reward of 7.5%.
  6. PIVX: This could give you an annual 5% return on your holdings.
  7. AKT Token: Earn up to 58% APR, one of the highest rewards.
  8. Raydium: You can earn up to 50% APR.
  9. Decentral Games: Earning up to 32% APY by staking $DG is possible.
  10. NOW: This crypto staking offers up to 25% annual returns.

If you haven't gotten your hands on PoS coins, stay tuned because we will reveal the best and most profitable PoS coins for staking.

 

List of the Most Profitable PoS Coins for Staking

If you already have PoS coins, you only need to find the right wallet to hold them. Some giant cryptocurrency exchanges like Binance offer a staking feature, a great way to find profitable PoS coins. The benefit is that you can redeem it quickly and don't have to be a tech expert to understand. However, the returns of staking coins in exchanges are usually less than direct staking.

 

1. BNB

BNB is the native coin of Binance. Essentially, there are several ways that you do to stake the coins and earn 30% or more by staking alone. The most popular way is through the BNB vault, which is available inside the exchange. Other than Binance, you can also get BNB from other exchanges such as WazirX (for Indian citizens), Binance.us (for US citizens), and FTX.

Another staking option is using Trust wallet, one of the widely-known mobile wallets. Although the security is not as good as hardware wallets, this can be a good alternative to stake your coin.

 

2. Tezos

Tezos (XTZ) is a multi-purpose blockchain with on-chain governance. By staking Tezos, you will be able to get passive income. What's unique about Tezos is that users can directly interact with the network's governance by becoming what's known as a "baker".

These bakers are allowed to vote or propose changes on the blockchain. Like validators, potential bakers must stake a specified number of Tezos before earning the rewards.

Tezos is the first PoS crypto that is supported by all major exchanges for staking. By staking Tezos, you can get approximately 6.8% returns per year. You can get Tezos from Binance (global) or Coinbase (USA).

See also: List of Cryptocurrency Exchanges from the US

 

3. Flow Token

Flow token is an independent Layer 1 blockchain for games and NFT. The current estimated reward rate of Flow is 8.80%. There are several methods that you can do to stake Flow. One of the simplest ways is to stake it on Kraken, a popular exchange in the US.

You can also use Blockto wallet, where you can go to the wallet section, add the crypto that you want to stake (pick Flow), and transfer the coins to your wallet. Once you have transferred it to your wallet, click on "stake", and that's about it!

Also, check the "auto-stake your rewards" so every token you get will be automatically staked. You can get Flow from Kraken, MXC, or HOO.

 

4. NEO

NEO, or what formerly known as Antshares, is the first Chinese open-source blockchain project which claims to be a "distributed network for the smart economy". NEO is a cryptocurrency that exists on NEO's blockchain. Apart from NEO, the blockchain also has one more crypto called GAS (formerly known as Antcoins or ANC) which can be staked in NEO wallet for a good return.

Conveniently, it doesn't require you to keep your staking wallet open at all times like in other PoS cryptos. By using NEO, you can get approximately 5.5% return per year.

 

5. DASH

DASH is a more popular crypto implementing a proof of stake consensus mechanism. In fact, DASH is one of the first cryptos that use PoS mechanism.

The crypto branded itself as a decentralized digital currency on a peer-to-peer basis and aims to be transparent as actual cash like USD, EUR GBP, or INR. It also claims to have extra privacy and fast transactional features like PrivateSend and InstantSend, which is beneficial for investors.

DASH allows its holders to earn dividends in the form of DASH by running a masternode. However, you would have to own 1000 DASH units to be able to do that. At the time of writing, one unit of DASH worth around $300 in price.

Suppose you have the needed amount of DASH units. In that case, you can stake it at various crypto wallets such as Guarda wallet, atomic wallet, MyContainer wallet, and Ledger wallet with an annual reward of 7.5%.

 

6. PIVX

Private Instant Verified Transaction or PIVX is a PoS cryptocurrency that focuses on privacy and security in transactions. The coin was dissolved from DASH in early 2016 and now has developed into a fully functioning PoS currency, allowing its consumers to deposit coins with a decent return on the blockchain.

It is convenient because it has no cap in it, so you can stake any amount and there's no limit to it. You can also earn PIVX by running a masternode of 10,000 PIVX units, which could potentially give you an annual 5% return on your holdings.

 

7. Akash Network (AKT token)

Akash Network is a PoS chain that is built on Cosmos Hub and leverages Akash Token (AKT) as its native utility token. It governs, secures the blockchain, and provides a store and exchange of value.

Staking Akash token is totally worth checking out because you can earn up to 58% APR – one of the highest staking rewards possible. If you want to stake your AKT token, you can use the Keplr wallet. AKT token is available on several websites including AscendFX (Bitmax) and Gate.io.

 

8. Raydium (RAY)

Raydium is an automated market maker on Solana platforms, which claims to have high TPS and fast settlement. With Ray, you can earn up to 50% APR. Ray staking can be done on the Raydium platform, but in order to access it, you need to own a Solana wallet like Phantom.

The best part about it is that you can use the Phantom wallet alongside your Ledger wallet for extra layer of protection and security.

Ray token can be purchased on some of the reliable exchanges such as FTX and MXC. However, we would suggest you use FTXbecause it offers Solana blockchain withdrawal addresses.

 

9. Decentral Games ($DG)

Decentral games is an ERC20 governance token that was awarded to community members who provide value to the decentral games ecosystem, including those who play the games, provide liquidity, participate in the governance, and refer new players. At the time of writing, it's possible to earn up to 32% APY by staking $DG.

 

10. NOW

NOW is a native cryptocurrency of an instant crypto exchange called ChangeNOW. The token was released in 2018 and serves as an internal currency for NOW products. Initially, the token was issued as an ERC20 token, but today it also exists on Binance Chain (BEP2 Standard). NOW staking was introduced in 2020 as a way to earn profit from holding the tokens.

This crypto staking offers up to 25% annual returns, making it one of the tokens with the highest expected returns. Another good thing about it is that there is a progressive reward scale that gradually increases over time. In addition, ChangeNOW provides an informative reward calculator to count your profits during a staking period.

 

Conclusion

Staking PoS cryptocurrency is one of the easiest yet profitable ways to earn passive income. The low or even zero barrier of coin staking on platforms like MyContainer is another great advantage you can get from staking PoS crypto.

The simplest option is that you can use the PoS coins that you already own. But if you haven't chosen yet, there are various options that you can choose from as the PoS method is becoming more popular each day. You can consider potential yearly return from staking it along with other features that come with it.

We believe that returns, even as small as 1-5% free reward per year, are actually not that bad for literally doing nothing and just keeping your wallet open. Also, if you happen to live in countries with negative and zero interest rates like the US, crypto staking is very worth considering.