9 Best Staking Coins to Buy in 2023 – Earn Crypto Passive Income

If you have some idle cryptocurrencies that you won’t sell in the near future, you can also use them to get some passive income. Staking coins is an excellent way to get money from your crypto meanwhile keeping the ownership of those assets. All you need to do is lock them in a liquidity tool for a certain period, become a network validator, and earn interest generated from them. 

If you want to know more about staking coins, our guide is here to help you. First, we have reviewed the best staking coins to buy in 2023 so you can have the list of the best coins and make a better decision. Moreover, in our guide, we will discuss some important factors about staking coins, including how they work, how much you can earn through staking, what to consider when you stake cryptocurrencies, etc. 

Top Staking Coins to Buy Reviewed – Full List

With hundreds of available options for staking coins, it can be tricky to find the best ones. The problem is that if you want to find the most beneficial options, you will need to explore several crypto projects and find out which ones offer the highest YTD rates. Another thing to consider is the upside potential of the coin.

Considering these two factors, we have already done detailed research and made a list of the top staking coins for 2023. Read the detailed reviews about each of them to discover which ones are more suitable for you. 

Bitcoin Minetrix – Best New Staking Coin with 500% Yield and Other Staking Benefits

As written on its website, Bitcoin Minetrix is here to mine Bitcoin so that you don’t have to. It introduces a cloud mining platform based on the Proof of Stake architecture and claims to be the first stake-to-earn design in the crypto space. To put it simply, Bitcoin Minetrix aims to make Bitcoin mining easier for everyone and democratize the Bitcoin mining market. Before explaining how this happens, let’s first understand the challenges in traditional BTC mining. 

When BTC was first introduced, its mining was considerably easy. Everyone who had computers at home could participate in the transaction verification process, mine a new block for the blockchain, and get rewards in return. However, in time, Bitcoin mining got harder and harder. More people got involved, and the supply of Bitcoin that can be mined for each block is halved every four years. 

Today, Bitcoin mining requires advanced technology and expertise and consumes a huge electricity power. Electricity is required to keep devices running so that they will be the lucky ones who can solve hard computational tasks, mine a new block, and get rewards in the form of new Bitcoins. This comes with a lot of problems, the most important of which is the environmental damage because of the huge power consumption. 

It also makes Bitcoin mining quite challenging, expensive, and centralized in the sense that it is dominated by mining groups. So, for someone who simply has a computer, mining Bitcoin is near-to-impossible. Bitcoin Minetrix is here to change this through its innovative platform, which makes BTC mining cheaper, easier, and more eco-friendly.

The process involves the following simple steps – you buy its native token, BTCMTX, stake it, get credits for the coins you staked, and burn those credits to mine Bitcoin. The credits you get for the staked BTCMTX tokens are non-tradable ERC-20 tokens, so the only you can do with them is burn and get BTC.

 Another benefit is that Bitcoin Minetrix is a new crypto project, and its native token has huge upside potential. The coin is currently at a presale stage which means you can invest in it at its lowest price. The price for each token is $0.011 at this stage, but it will increase with each presale stage and reach $0.0119 at the final stage. Check out our guide to discover how you can buy Bitcoin Minetrix safely. 

Purchasing BTCMTX tokens is also an effortless process. All you need to do is connect your crypto wallet and have ETH, BNB, or USDT tokens to swap it with Bitcoin Minetrix native coins. A card option is also available for payment. For more information about the project, you can visit the Bitcoin Minetrix website. 

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Meme Kombat – AI-Powered Gaming Platform with over 100% APY

Meme Kombat is an alternative approach to the meme sector and offers the next meme token that can soar in price once it hits the exchanges. Its main unique feature is that it focuses on combining many other meme tokens and enables its users to earn rewards by betting on the battles between these tokens. Apart from the active way of earning rewards, Meme Kombat also enables you to stake your coins and earn passive income.

Moreover, you can stake your Meme Kombat tokens in the presale without waiting for them to launch. The native token of the project, MK, is currently in the presale stage. 50% of its market cap is planned to be sold during the presale, and the price for the first presale stage is $1.667. The benefit of buying MK in the presale is not only the discount in its price but also the staking opportunity. 

Once you connect your wallet and buy MK tokens, they will be automatically staked to generate rewards with an APY of 112%. Once the token is officially launched, you can claim your MK tokens, restake them, and meanwhile get your rewards. After this, you can stake your coins again if you want to. You can also use them to participate in battles and earn rewards with your correct bettings once the gaming platform is available. 

There are three types of betting battles you can take part in – player vs. player, direct betting, and player vs. game betting. In Season 1, there are 11 tokens taking part in the battles, including such popular meme tokens as Pepe, Pepe 2, Dogecoin, Shiba, etc. The betting platform is expected to be ready in October 2023, but staking is available before the launch of the platform. 

Meme Kombat is quite a reliable platform as it has already gone through a smart contract audit, and its founder revealed its personality. The hard cap of the token is 12 million coins, half of which will be sold during the presale; 30% is for staking rewards, 10% is for DEX liquidity, and the other 10% is for other player rewards. Meme Kombat has a beautifully designed website at memekombat.io where you can find more insights about the project. 

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TG.Casino – Fully Licensed Decentralized Casino with High Staking Rewards

TG.Casino is another new cryptocurrency project that offers high yields for staking coins. It is a fully licensed decentralized online casino that offers several benefits along with its staking opportunities. As with the other projects discussed above, TG.Casino is selling its native tokens at a discount in the presale stage. The price for the coin is $0.125, and the presale has already raised a capital of more than $324,000, positioning it as one of the crypto projects with good potential. 

Once you buy TGC coins, you can immediately stake them and earn rewards with yields currently reaching 1121% YTD. Moreover, the presale buyers will also receive special rewards when the token officially launches. And those buying in high amounts will also receive NFTs and exclusive rewards. 

Another benefit of buying the presale is its low price, as the coin has good potential for growth and increase in value. This seems to be possible if you examine the project’s unique features. Compared to most traditional casinos, TG.Casino requires no KYC process and no account setup. So, you don’t need to provide your personal details to the platform. Moreover, if you have a Telegram app, the games are available to play from Telegram without its app. 

To this, it should be added that TG.Casino is 100% safe and licensed. Other benefits of the platform include instant withdrawals, hundreds of games, and tens of sports available for betting. The project’s native token, TGC, is a deflationary coin, which means that a small portion of the profits will be used to regularly buy some coins back and burn them. This will reduce the supply of the coin and increase its value.

The maximum supply of the coin is 100 million tokens, 40% of which goes to the presale, 20% is for staking, 20% for additional rewards, and the rest is for marketing, liquidity, and team. TG.Casino is an excellent new token to add to your staking portfolio. But before that, make sure to do your own research about the project on its website. 

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Ethereum – Largest Stakable Cryptocurrency with Proof of Stake Rewards of 3% APY

It’s hard to find someone who has never heard of Ethereum – the second-largest cryptocurrency by market cap and the first-largest cryptocurrency operating on the Proof-of-Stake blockchain. Ethereum was a breakthrough in the crypto space in the sense that it introduced smart contracts that enable building applications on decentralized blockchain technology. Currently, there are hundreds of decentralized apps built on Ethereum. 

To create a dApp on Ethereum’s blockchain, one must run multiple transactions and pay gas fees for those transactions. These fees are paid in Ethereum’s ETH token, so the more dApp projects built on Ethereum, the larger the demand for the ETH token. Moreover, a very significant event known as the Merge took place in 2022, which marked Ethereum’s transaction to the Proof-of-Stake consensus mechanism.

This will increase the transaction speed on Ethereum’s blockchain drawing more developers’ attention to using its blockchain. When it comes to the price potential for the token, as one of the most popular and highly demanded coins in the crypto space, ETH has great growth potential. Once the market takes a bullish direction, Ethereum is most likely to follow the trend and peak new heights. 

Before that, you can use Binance to stake your ETH tokens, as it is one of the best platforms to lock up your ETH coins. 

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BNB – A Proof-of-Stake Cryptocurrency that Power the Large Binance Chain Ecosystem

Formerly known as Binance coin, BNB was launched by Binance exchange – one of the most popular crypto exchanges worldwide. The coin’s main purpose was to be used on the Binance exchange to pay for transactions and buy cryptocurrencies; Additionally, if traders pay in BNB coins, they get discounts on transaction fees. BNB is currently the native token of the Binance Chain, and its use cases have increased. 

Binance Chain is a blockchain platform based on the smart contract that competes with Ethereum. As the native token of the network, BNB has various use cases within it. It is the 4th largest cryptocurrency with a market cap of over $33 billion. Since the token is used to pay for transactions on the Binance Smart Chain and is also mostly used to participate in crypto ICOs or presales, the demand for the token has grown significantly. 

As one of the most well-established crypto projects, BNB can still increase in value. Though the token is currently in the bearish market, the prices will change once the broader crypto market takes a positive direction. You can take this chance and stake your BNB coins with a 3% YTD rate offered by the platform until its price increases. 

Cardano – Highly Popular Blockchain Platform for dApp Building 

Cardano is one of the competitors of Ethereum as it offers a programmable blockchain platform running on smart contracts; developers can use the Cardano blockchain platform to build decentralized apps and its native token, ADA, to run transactions. This is ADA’s main use case within Cardano’s network, but the coin also has governance purposes, and those holding ADA can vote for Cardano’s projects and decisions. 

Though Cardano, in many ways, is similar to Ethereum and other programable blockchains, it is the first such project to be based on scientific research. This helped Cardano to create a special PoS consensus mechanism called Ouroboros which provides automatic transaction verification while users can enjoy a safe and secure network. 

ADA is among the ten largest cryptocurrencies by market capitalization, while it is still traded below the $1 mark. The coin’s value has significantly suffered from the latest crypto crash and the latest price fluctuations in the market. Still, it is a great chance to buy the dip and stake ADA tokens as it can experience significant price growth when the market recovers from the crash. 

Solana – Proof-of-Stake Blockchain Platform with Scalable Solutions

Solana is another blockchain project that provides a foundation for decentralized apps like Cardano and Ethereum. The project was launched in 2017 by Solana Labs in an attempt to provide a more scalable blockchain platform with faster and more secure transactions. Scalability is one of the key problems when it comes to blockchains, as network congestion reduces their verification speed. 

Solana uses a combination of different technologies to solve this problem. The platform currently holds a record of 65,000 transactions per second; however, theoretically, the number of transactions on Solana can reach up to 710,000. To power its network, Solana has created SOL, its native token, which is used to execute custom projects, run transactions, and pay fees. SOL is also a governance token, so holders can also stake it to participate in voting related to Solana. 

Apart from governance, users staking SOL tokens can also be chosen as block validators and generate rewards from it. They can also delegate this role to someone else, meanwhile getting a portion of rewards from their staked coins. 

SOL is currently the 7th largest crypto by its market cap and is among the most widely known blockchain projects in the crypto space. The token has proved to follow the trends in the market, so it can also bring you returns once the market experiences an uptrend. Despite its large correction following the FTX collapse, it remains one of the best staking coins in terms of popularity.

Polkadot – Large-cap Stakable Coin with Blockchain Connectivity Solutions

Polkadot is another popular cryptocurrency that you can stake to earn rewards. Like previously mentioned popular projects, Ethereum, Cardano, and others, Polkadot also provides a blockchain platform on top of which developers can launch their own blockchain. To make the transactions more secure and accurate, Polkadot uses the idea of Parachains. 

Its native cryptocurrency, DOT plays a vital role in Polkadot’s network. First of all, it is used for transactional purposes and also to pay for the fees on the network. Governance is another use case that enables DOT holders to have a say in Polkadot’s future projects. Most importantly, you can stake DOT tokens and earn rewards.

By staking your DOT tokens, you will be able to take any of the multiple roles for the network operation. For example, you can get the role of the validator and validate the data in para chains. You can become a nominator and delegate your votes to a trustworthy validator. There are also Fishermen’s roles to monitor the network and record any malicious behavior among validators. 

Being one of the most valuable crypto projects in terms of the technology it offers and its market capitalization, Polkadot is also a great long-term investment. Its value will increase along with the popularity of the project, which means you can sell your DOT tokens at a higher price after staking them. 

Tether – Largest Stablecoin to Earn Interest through Lending Your Tokens

Tether differs in this list in the sense that it can be considered a less risky cryptocurrency for passive rewards. The advantage is that while some cryptocurrencies can lose value instead of gaining it through staking, Tether is designed in a way that keeps its price stable. In other words, it is a stablecoin pegged to the USD, meaning that Tether’s value is always close to $1. 

Hence, you can hold Tether tokens (USDT), being sure that they won’t lose value in the volatile crypto space. However, it should be added that stablecoins are also at the risk of crashes. Still, Tether is one of the most reliable stablecoins with a market capitalization of over $83 billion which makes it the 3th largest cryptocurrency. Given it has stood the test of time, we rate USDT among the best staking coins for low risk passive income.

It is also possible that you use Tether tokens to store value, so instead of simply holding them in your crypto wallet, you can make use of them and generate passive income. You can lend or opt-in your USDT tokens through a crypto exchange and earn over 3% YTD return. 

What Are Staking Coins?

If you are a crypto investor, you may have already heard about the Proof-of-Stake consensus mechanism. Blockchains relying on the PoS protocol use a more eco-friendly method of validating their transactions. Instead of Bitcoin’s PoW, which requires the use of special devices to run the computer and high energy consumption, Proof-of-Stake relies on staking coins to participate in the safety of the network, validate transactions, and earn rewards. 

There can be different ways of staking depending on the cryptocurrency you decide to stake. But the main idea of staking is to gain wealth on your passive coins. All you need to do is lock your coins in the liquidity pool for some time, and the network will reward you for your service. You still have ownership of your coins and can sell them to earn income on price differences. Staking simply enables you to gain more money on your passive coins. 

Another method of staking is lending your coins to a liquidity pool. In this case, you don’t participate in network safety but lock your money into a pool from where other users can borrow coins. In the end, you will get your cryptocurrencies back, plus the rewards, which depend on the APY the coin offers. 

Staking in Crypto – How Does It Work?

There are two main steps in crypto staking – the first is to buy cryptocurrencies that offer staking rewards, and the second is to find a reliable platform where you can stake your coins. There are multiple ways of buying cryptocurrencies; however, the most secure way is to use a regulated crypto exchange. 

Crypto staking can also be done through crypto brokers, which is a preferable way among investors as these platforms usually offer high APYs. Here is a step-by-step guide on how crypto staking works. 

• You sign up for an account on a crypto exchange and buy stackable coins. 
• You find a platform where you can offer staking your cryptocurrencies. 
• The platform accepts your coins and offers its APY rate.
• You lock up your coins for a certain period (it is important to note that you can’t take back your coins before the predetermined date).
• Once the staking period ends, you can get your coins back.
• You also receive the APY from the staking.
• Later, when the price of the cryptocurrency increases, you can sell your coins and earn money.

It is important to note that staking is not the main way of making money with cryptocurrencies. After all, when you invest in cryptocurrencies, the end goal is to make wealth on its price fluctuations. However, staking is a good way to generate some extra income during the time you don’t use your coins. 

Now, when the cryptocurrency market is in the bearish cycle, it can be the best time to invest in new tokens, diversify your portfolio, and stake your coins to gain some extra rewards. The benefit is that you can keep your coins staked until the market is in a downtrend and prices are down. Once the market takes a bullish direction, you can get your coins back and sell them at higher prices. 

Moreover, if you invest in such new coins as Bitcoin Minetrix, you can not only benefit from such high staking rewards as 500% APY but also buy them at a discount and build huge wealth once they experience significant growth. 

How Much Can You Earn Staking Coins?

First, it is important to point out that staking coins should not be considered the main purpose for investing in cryptocurrencies. It is simply a way of making extra capital in addition to the money you will gain from trading your coins. So, you need to pick up the coins carefully and not invest in any possible cryptocurrency, as long as the coin can crash and you will risk your capital.

When we speak about how much you can earn staking coins, the important thing to understand is that there is not an exact number. The amount of rewards you get staking coins depends on the APY rate offered by the platform, the number of coins you stake, and the amount of time your coins are staked. 

For example, if you stake 10 ETH tokens with an APY rate of 4% in a year, you can claim your tokens back with an additional 0.4 ETH. But the APY staking rate can differ from token to token, so you need to take into account the APY of the coin and also that offered by the staking platform. Some new cryptos may have higher APY, and for example, Bitcoin Minetrix offers an APY of 500%. 

While you may think that staking coins brings little capital, it requires no harder effort than simply keeping your coins in the liquidity pool instead of your wallet. Diversified portfolios will also enable you to stake different cryptocurrencies with different APY rates, and it is a way of increasing your rewards from coin staking. 

What to Consider When Selecting Staking Coins

In this section, we discuss some of the most important factors to take into account when selecting the best staking coins to invest in. 

Proof of Stake Model

First to understand is that there are different types of Proof of Stake consensus mechanisms. Different coins are staked differently; hence it is important to explore the underlying PoS model of every cryptocurrency you want to invest in. The staking differences can be connected with the steps you will need to do to collect rewards with your coins. 

For example, there can be a PoS model that will require you to become a network validator and verify transactions. Or you can simply stake your coins and delegate someone else to become a validator. Another mechanism is lending which simply requires locking up your coins in the liquidity pool for a certain period. You should explore the models to find out which one is more suitable for you. 

APY

APY stands for annual percentage yield, which refers to the amount of interest the coin provides. APYs differ from token to token, so you will need to find and stake coins with relatively high APYs. High APYs are usually provided by the new cryptocurrencies, whereas already popular coins like Ethereum, Solana, Polkadot, and others have lower APYs. 

Estimated Rewards

Another crucial thing to take into account is the estimated reward which depends on two factors – rewards you get from staking and rewards on price changes. Though staking is an excellent way to earn extra capital, the upside potential of the coin is crucial too. When you invest in cryptocurrencies, you will need to consider that the price of the crypto will change over the staking period. 

Once you finish staking, you will need to sell your cryptocurrencies to make money on price changes. This assumes that you will need to consider if the crypto has good potential for growth. Investing in new coins can be quite profitable in his sense too. As the new coins are usually sold through presale, you can get them at a discount and then sell them once they get popular and their price increases. 

Conclusion

Staking coins is a great possibility to make money with cryptocurrencies and is quite popular among long-term investors. It is a great way to make extra money by staking not only popular and less risky cryptocurrencies but also new ones with high staking rewards. We rated Bitcoin Minetrix as the best staking coin to invest in it offers a high APY of 500% at the time of writing. 

Apart from the highly beneficial rewards you get, you can also buy the coin at its lowest price, as it is in the presale right now. The price of the crypto is currently $0.011, but it will increase with the next presale stage. Another advantage is that by staking Bitcoin Minetrix, you will earn credits which you can use to mine BTC. 

Other than selecting a good cryptocurrency to stake, you also need to find a suitable staking platform where you can stake your coins. The most important factors to consider here are the YTD rates and the safety of the platform. 

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