Blocking coins brings rewards to their owner. Annual rates for this operation vary from 5 to 200%. First of all, staking is an additional passive way of earning for cryptocurrency holders. The exact amount of profit depends on the exchange and the chosen coin. The following 3 staking platforms received the highest number of positive reviews:

Binance exchange is one of the best staking platforms

The functionality of the site allows you to buy and trade cryptocurrency. The Earn tab contains offers for staking. As of mid-December 2021, the following rates are open:

  • 108.25% in AXS for 60 days;
  • 11.51% in DOT for 30 days;
  • 6.53% in BNB for 60 days;
  • 5% in USDT on a perpetual basis;
  • 4.5-5.2% in ETH on flexible terms;
  • 3% in BTC on an unlimited basis.

In addition, this staking platform regularly offers new conditions for blocking coins. In order not to miss great deals, you should regularly check the “Earn” section.

Pancakeswap is a decentralized staking exchange.

This platform provides users with more staking offers than other exchanges. After registering an account, you need to open the “Pools” or “Farming” tab. In the first section, you can block one coin, in the second – a pair at once (for example, BUSD-BNB).

For example, Pancakeswap staking returns in December 2021 on a perpetual basis:

  • 69.98% in CAKE;
  • 60.35% in LAZIO;
  • 46.37% in CAKE-BNB;
  • 173.19% in XWG-USDC.

With dozens of proposals on display at Pancakeswap, it is important to carefully analyze projects for investment. On the other hand, large returns can hide commensurate risks.

Exchange WhyBit

 

Its functionality is similar to the Binance platform. Dozens of offers for staking, including, for example:

  • 13% in BTC for 180 days;
  • 7.39% in DASH for 30, 60 or 90 days;
  • up to 10% in ETH on a perpetual basis.

How to reduce risks?

In fact, staking is a deposit, but not in fiat money, but in cryptocurrency. Rates are much higher than bank rates. In order not to burn out, you should carefully consider the risks. In one way or another, monitor the situation on the market and choose reliable platforms for staking.

Of course, as with any type of investment, it is important to follow the rules of diversification; i.e. “don’t put all your eggs in one basket”. When opening cryptocurrency deposits, the ratio of four deposits is considered optimal. What do I need to do?

  • Firstly, up to 50% of investments should go to BTC, ETH, BNB (this amount will be the main insurance).
  • Secondly, 25% in CAKE, UNI and tokens of other decentralized services.
  • Thirdly, 15% in high-yield instruments with a rate of 100% per annum (here, the possible profit covers the risks).
  • Fourth, 10% in new projects after careful analysis.

Having profitably invested coins and received the first profit from staking, the majority begins to wonder where to look for new cryptocurrency projects. It is important to understand that the distribution of funds minimizes the risks, but they still remain.