Staking your crypto allows you to earn interest while holding onto your favorite coins. Staking is fast and easy, and crypto investors now have a range of platforms to choose from for different coins, staking periods, and crypto interest rates.
In this guide, we’ll review the 3 best staking platforms where you can earn interest on crypto.
Where to Earn Interest on Crypto – Top 3 Platforms
Here are the 3 best platforms where you can earn interest on crypto today:
- AQRU – Earn up to 12% Interest with No Lock-in Periods
- Crypto.com – Stake 40+ Cryptocurrencies and Stablecoins
- Nexo – Earn Compounding Interest Daily
Best Crypto Interest Accounts Reviewed
Want to know more about which of these platforms offers the best crypto interest account for you? Our reviews cover everything you need to know about these top 3 staking platforms.
1. AQRU – Earn up to 12% Interest with No Lock-in Periods
AQRU is a crypto staking platform that makes it incredibly simple to start earning interest on crypto. With AQRU, you can earn up to 12% APY on stablecoins like USDT, USDC, and DAI. The platform also offers interest rates up to 7% APY for Bitcoin and Ethereum. All interest is paid daily, so you can easily take advantage of the power of compounding.
What makes AQRU unique is that you don’t have to jump through hoops to start earning interest. You can deposit fiat currency if you don’t already own crypto, and AQRU will take care of exchanging it for the cryptocurrency you want to stake. There’s no native platform coin that you need to hold to get the best interest rates, either.
Importantly, you’re never locked into a fixed staking period at AQRU. This means you’re free to withdraw your cryptocurrency from staking at any time or to change the composition of your interest-earning portfolio of coins. AQRU processes withdrawals in 24 hours and doesn’t charge fees for fiat withdrawals.
Right now, AQRU is offering new users 10 USDT when you sign up for this staking platform.
Pros:
- Up to 12% APY on stablecoins
- Interest paid daily
- No lock-in periods
- Accepts credit, debit, and bank transfers
Cons:
- Limited selection of cryptos you can stake
Cryptocurrency markets are highly volatile and your investments are at risk.
2. Crypto.com – Stake 40+ Cryptocurrencies and Stablecoins
Crypto.com is another top platform where you can earn interest on crypto. What’s great about Crypto.com is that you can stake any of more than 40 different cryptocurrencies and stablecoins. The platform accepts Bitcoin, Ethereum, Avalanche, Chainlink, Polkadot, Shiba Inu, and more. You can also stake stablecoins like USD Coin, Tether, Pax Gold, and Terra.
Interest rates vary widely at Crypto.com, from as little as 0.5% APY to as much as 14.5% APY. How much you’ll earn depends on more than just which coin you stake. To qualify for the best rates at Crypto.com, you must own and stake at least 40,000 CRO – Crypto.com’s native cryptocurrency. You can also earn mid-tier rates by staking at least 4,000 CRO.
In addition, Crypto.com offers flexible, 1-month, and 3-month staking periods. The best rates are reserved for users who lock into a 3-month staking period. Regardless of your staking period, interest is calculated on a daily basis and your interest is paid out every 7 days.
Pros:
- Stake 40+ cryptocurrencies
- Crypto interest rates up to 14.5% APY
- Flexible staking periods available
- Interest is compounded daily
Cons:
- Must stake CRO to get best rates
Cryptocurrency markets are highly volatile and your investments are at risk.
3. Nexo – Earn Compounding Interest Daily
Nexo is an easy-to-use crypto staking platform that accepts a wide range of cryptocurrencies with few strings attached. At Nexo, you can stake 31 different coins, including Bitcoin, Ethereum, Dogecoin, USD Coin, Litecoin, Ripple, Luna, Cardano, and more.
To start earning interest with Nexo, all you have to do is transfer any of these coins to your Nexo wallet. Nexo offers flexible taking terms as well as fixed terms up to 3 months, so your Nexo wallet essentially doubles as a crypto savings account.
Nexo advertises interest rates up to 17% APY, but you’ll need to hold the Nexo crypto token to get the best rates. Nexo uses a sliding scale to determine what tier of rates you qualify for. If you don’t hold any Nexo, you get base rates. If more than 10% of the crypto in your portfolio is Nexo, then you get top-tier rates. In addition, Nexo offers a 2% interest boost if you opt to have your staking interest paid out in Nexo rather than in the cryptocurrency you’re staking.
Nexo calculates interest on a daily basis and deposits your interest into your Nexo wallet. So, that interest is automatically staked and starts compounding your interest.
Pros:
- Stake 31 cryptocurrencies
- Interest rates up to 17% APY
- 2% boost for interest paid in Nexo
- Interest paid out daily
Cons:
- Must hold Nexo coin to get best rates
Cryptocurrency markets are highly volatile and your investments are at risk.
How to Earn Interest on Crypto – Tutorial
Now that you know where to earn interest on crypto, it’s time to get started. We’ll show you how to earn interest on cryptocurrency with AQRU in a few simple steps.
Step 1: Sign Up
Head to AQRU.io and click Join Now to create a new account. Enter your email and choose a password, then click Create Account to get started.
Step 2: Deposit Funds
AQRU requires a minimum deposit of $100, which you can pay by credit card, debit card, bank transfer, or crypto transfer. If you deposit fiat, AQRU will automatically convert it to cryptocurrency for you.
Step 3: Stake Crypto
Now you’re ready to start earning crypto interest with AQRU. Select the cryptocurrency you want to stake, then click Buy and enter the amount you want to stake. AQRU will start tracking yoru interest earnings automatically.
Cryptocurrency markets are highly volatile and your investments are at risk.
Crypto Interest Rates
Wondering what crypto interest rates you can get? Let’s take a look at the current rates you can earn by staking different coins at AQRU:
- USDT: 12% APY
- USDC: 12% APY
- DAI: 12% APY
- BTC: 7% APY
- ETH: 7% APY
Conclusion
Earning interest on your crypto is easier than ever before. With the right crypto staking platform, you can earn double-digit interest rates and build a portfolio of cryptocurrencies that make steady returns for you.
Ready to get started? Open an AQRU account today to earn up to 12% APY!
Cryptocurrency markets are highly volatile and your investments are at risk.
Disclaimer: Content Produced by CryptoPR
This news is republished from another source. You can check the original article here.
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