Best Staking Coins to Buy in 2024 – 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 2024 so you can have the list of the best crypto investments 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 2024. Read the detailed reviews about each of them to discover which ones are more suitable for you. 

Pepe Unchained – New Stakable Pepe With its Own Blockchain

Pepe Unchained ($PEPU) is the hottest new meme coin of 2024 that’s poised to revolutionize crypto staking. Born from the legendary Pepe meme, PEPU promises not just fun but substantial passive income opportunities through its innovative layer-2 blockchain.

Unlike traditional meme coins, Pepe Unchained has designed its very own Ethereum layer-2 chain to overcome the limitations of its predecessor. This means lightning-fast transactions at lower costs, ensuring investors can capitalize on market movements without being hindered by network congestion or exorbitant fees.

$PEPU isn’t just about speed; it’s about doubling down on rewards with a dedicated block explorer and enhanced scalability. The project’s roadmap outlines ambitious goals, emphasizing sustainable growth and community engagement from the outset. With 30% of its token supply allocated to staking rewards right from the presale, early investors are primed to earn passive income as the project gains momentum.

Whether you’re a meme coin enthusiast or a savvy investor seeking high-potential opportunities, Pepe Unchained offers a compelling blend of nostalgia, utility, and profitability. Holding on to the super popular Pepe narrative combined with a unique utility-focused ecosystem makes it one of the leading staking coins on the market. 

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Crypto All-Stars – Presale Project With a Unique Memecoin Staking Mechanism

Due to its innovative staking mechanism and comprehensive approach to integrating various memecoins, the Crypto All-Stars project has been gaining popularity in the space lately. At the heart of this initiative is the MemeVault, a unique feature that allows users to stake a wide selection of popular memecoins, including Dogecoin, Shiba Inu, Floki Inu, Pepe, and Coq Inu. This feature enables investors to earn returns on their memecoin holdings while contributing to a unified ecosystem.

The STARS token introduces an additional layer of opportunity with its exclusive staking program. By staking STARS, investors can access rewards that are three times higher compared to the returns from the MemeVault. This high yield enhances the appeal of STARS, making it a strategic choice for maximizing investment returns. The dual staking options provide flexibility and potential for substantial earnings, catering to both traditional memecoin enthusiasts and those seeking elevated rewards.

The project’s presale is structured into 50 stages, starting with a discounted price of $0.00138. This staged approach offers early participants a chance to secure tokens at a lower rate before prices rise, creating a favorable entry point. With a total supply of 42,069,696,969 STARS tokens, the distribution is designed to balance allocations for staking rewards, presale, and liquidity, ensuring sustainable growth and value appreciation.

Crypto All-Stars has also undergone successful audits by SolidProof and Coinsult, reinforcing its commitment to security and investor protection. As the project continues to gain traction, the staking mechanisms and overall structure position it as a promising option for those looking to engage with a dynamic and rewarding investment opportunity.

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Flockerz – Stake to Participate in Flockerz DAO

Flockerz is one of the most unique staking meme coins on the market, owing its uniqueness to the blend of its Vote-to-Earn (V2E) mechanics and DAO, which could redefine the meme coin ecosystem for the better.

Staking is available on the platform in two ways. The first involves the presale, where investors can generate significant gains by staking the tokens they purchase during the ICO, offering returns upwards of 6000%.

However, it’s the second type of staking that has been drawing the most attention for Flockerz. This involves staking to cast votes in Flockerz’s DAO, a decentralized autonomous organization that will shape the project’s future. A DAO within a meme coin is uncommon, but what makes Flockerz even more unique is the addition of the Vote-to-Earn mechanic. This allows investors to make gains from two fronts, both passively.

The availability of these perks could fuel significant market interest, leading to an explosive debut when Flockerz arrives on cryptocurrency exchanges.

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Best Wallet Token – Utility Crypto With an Established Ecosystem

Best Wallet Token is the native cryptocurrency of the Best Wallet platform, designed to bring utility and rewards to its users while supporting a growing multi-chain ecosystem. Built on the Ethereum blockchain as an ERC-20 token, BEST offers several benefits, including reduced transaction fees, early access to new presales, and staking opportunities with attractive returns. These features make it a well-rounded token with both practical use and significant growth potential.

One of BEST’s leading features is its staking program, which allows holders to earn competitive APY rates by locking their tokens within the platform. This staking functionality provides a consistent source of passive income for long-term investors while contributing to the stability and growth of the Best Wallet ecosystem. With high APYs on offer, staking BEST not only increases the value of holding the token but also incentivizes user participation, ensuring the platform remains active and engaged.

Beyond its staking rewards, BEST has the potential for considerable value appreciation. As the native token of a trusted platform that supports over 60 blockchains, its demand is likely to grow as more users adopt the wallet and participate in its services. The platform’s established reputation and its expanding ecosystem provide a strong foundation for BEST’s long-term growth, making it an appealing option for those looking to invest in a staking token with upward potential.

At the time of writing, BEST is in an exclusive presale phase, available only to Best Wallet users until December. This early stage offers investors the opportunity to secure the token at a foundational price before it launches publicly, providing an additional advantage for early adopters. For those seeking a staking token that combines rewarding returns with the potential for significant growth, BEST presents an excellent choice in the crypto market.

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FreeDum Fighters – Politifi Crypto With an Exciting Staking Model

Imagine a crypto project that transforms staking into a captivating experience, blending strategy, community, and entertainment—this is what FreeDum Fighters is all about. This innovative platform has redefined what it means to stake with its DUM token, offering investors not just rewards but an immersive journey through political satire and playful competition.

In this vibrant ecosystem, users are invited to choose between two dynamic characters: Kamacop and Magatron. This choice is more than just a preference; it’s a strategic move that directly influences potential rewards. As you stake your DUM tokens, you’re not merely sitting back; you’re actively engaging in a fun rivalry, watching how each character performs in the eyes of the community. The stakes are literally high, as the rewards fluctuate based on the characters’ popularity and engagement levels.

But it doesn’t stop there. FreeDum Fighters amplifies the staking experience with a unique point system that rewards active participation. Every time you engage—whether by staking, debating, or simply being part of the conversation—you accumulate points that can lead to valuable airdrops. This gamified element turns staking into an exciting game, where your involvement translates directly into rewards.

Security is also a top priority, with thorough audits from Coinsult and SolidProof ensuring a safe environment for all investors. The blend of entertainment, community interaction, and robust security makes FreeDum Fighters a standout choice for anyone looking to dive into staking in a new and engaging way.

In a world filled with traditional investment models, FreeDum Fighters offers a refreshing twist, making the DUM token not just a stake in the game, but a ticket to an entertaining political adventure, making it a great option to consider right now.

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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.

NEAR Protocol – Crypto Powering Blockchain Operating Systems

Near Protocol is described as an OS for an open web. According to the website, it is used to easily create and distribute decentralized applications on any blockchain with a blockchain operating system.

The platform is said to be completely decentralized, allowing only the developers to have a say. Furthermore, it also allows users to host applications without focusing on any initial setup.

A layer-one blockchain, Near Protocol, has been designed to tackle some of the key issues of the existing crypto ecosystem, including low transaction speeds, low throughout, and poor interoperability. It uses human-readable account names to address users and has its own consensus mechanism known as the doomslug.

Near Protocol’s staking attributes allow users to get access to the Near Protocol’s DAO, which decides the future of this project. Furthermore, when it comes to staking, this project also offers lucrative APYs. For instance, staking NEAR on Binance will yield users an APR (Annual Percentage Return) of 8.27%.

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 PlayDoge, 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. 

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 Smog as the best staking coin to invest in it as it not only offers access to a high APY, but also is. a great long term investment option.

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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