9- Nov- 2022

Howdy dear read dot users!

How is everyone doing? I hope everyone is doing well and enjoying their time reading and writing. I could not write for three days due to illness, but now iam feeling much better, I thought it would be appropriate to finish writing the series of staking platforms

So let's start where I left off.

Binance - Stake 14 Coins for competitive Yields

The Binance ecosystem includes the world's biggest crypto exchange regarding trading volume, a top 5 digital asset in market capitalisation, and a full fledged facility for producing passive income. The Binance staking tool now supports 14 currencies. This contains, BNB, Aave, and Etherum, as well as XRP, litecoin, and Bitcoin.

Yields fluctuate depending on the coin; at the time of writing, the highest interest rate is paid on DYDX at 8.7 %. Some staking coins have flexible withdrawal conditions, while others demand a 120 day lock up period. By opening a Binance interest account, you may earn an even larger yield. Axie Infinity, for example, has an APY of 76% on a 90 day term.

Binance is not only one of the cheapest cryptocurrency exchanges, but it also offers interest bearings goods. Huong and trading crypto currency here will cost you just 0.1 % per slide.

Binance has over 1,000 markets, many of which include several of the finest meme currencies for speculative investors. Binance also supports some rapidly developing cryptocurrencies from the BSc network.

• Cryptocurrency Reward Staking Upto 8.7%

• Duration of Commitment Varying from No Limit to 180 days

• Adjustable Minimum and Maximum bets: That's up to the toss of a coin.

• Safety and Compliance Measures: provider of digital asset services subject to local regulation.

• Extra Benefits Will be Provided : Accounts for yield farming and interest.

• Regularity of Payments: After the conclusion of each staking period.

Pros

• 14 Assets are available for stake even now more than 14 Assets are available in Binance for staking

• Various periods and yields are available

• Supports yield farming and interest accounts

• Hots some of the finest crypto giveaways

Cons

• Some staking pools are in high demand

Coinbase - Earn upto 5.75% With an Easy to Use staking platform

Coinbase is well known cryptocurrency exchange and broker that supports over 100 currencies. It has a user friendly platform that will appeal to new comers. Coinbase now supports six coins for staking: Algorand, Cardano, Cosmos, Solana, and Tezos, Regarding returns, the best APY available while staking Algorand is 5.75%.

please keep in mind that Coinbase staking is not available to US customers, Furthermore, staking payments are only granted on cryptocurrency acquired via the Coinbase platform. This might he a sticking point because Coinbase charges a trade cost of 1.49% Furthermore, purchasing coins using debit card will cost 3.99%.

Coinbase enables DeFi yield services in addition to staking. Both Dai and Tether will allow this. However, yield may very according to market circumstances. The Coinbase website and mobile app for Android and iOS allow you to monitor Staking and DeFi yield incentives in real time.

• Cryptocurrency Reward Staking: Upto 5.75%

• No closure of minimum and maximum stakes

• Withdrawal options, in lock in period

• Safety and Compliance Measures: licensed by the appropriate authorities in the USA

• DeFi also pays off in Dai and Tether, a bonus

• Regularity of Payments: it's a toss up depending on how the coin is flipped.

Pros

• Best staking platform for newcomers

• No minimum and maximum amount necessary

• Strictly controlled

Cons

• A 3.99% charge is applied to debit/ credit cards.

• Better staking rewards may be found elsewhere: High trading commissions.

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That's all for today, I will be discussing other platforms and exchanges in my next article.

If you have any confusion or anything you can ask me in the comment section.

Stay blessed, stay happy

Free images are from unspalsh

-KatinessEverdeen