Best Crypto Staking Platforms in UAE

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Crypto staking is getting popular among investors. Why wouldn’t you let your crypto work for you, right? In this article, we will discuss what the best crypto staking platforms in the UAE are to get the most out of your cryptocurrency holdings.

What is crypto staking?

Crypto staking means the purchase of crypto coins to keep (hold) them in a wallet for a certain period of time. You will receive a fixed interest rate at the end of the agreement. Super easy, buy crypto and then lock it for a fixed period and earn interest.

Staking works with Proof-of-Stake (PoS). This algorithm creates new blocks on the blockchain. By staking, new blocks are created by a crypto user who is already holding some coins. This staking validates new blocks and transactions on the blockchain. 

Anyone who has crypto can take part in the validation of blocks by staking crypto. You do this by staking cryptocurrency. The more coins you own, the more power you have to validate transactions. For the validation of cryptocurrency, you will receive a certain amount back. This is called crypto staking and can yield a nice return.

As an investor, you are always looking for the best return on your investment. So where do you get this? 

Best Crypto Staking Platforms in UAE: 

It is important that you choose the best crypto staking platform to stake your crypto on. Lower costs mean higher returns. After all, you want to pay yourself and not the platform.

  • eToro – the most popular crypto staking platform with built-in copy trading tools
  • Crypto.com – The most user-friendly crypto staking platform
  • Binance – the crypto staking platform for those who wish to trade as well 
  • Coinbase – the best beginner-friendly platform for crypto staking
RANKBROKERGENERALPLATFORM SCOREBEST FORWEBSITE
#1eToroExcellent social trading features4.9 / 5Best PlatformOfficial website
#2Crypto.comStake more than 40 different coins4.3 / 5Most user-friendly crypto staking platformOfficial website
#3BinanceHundreds of digital currencies4.3 / 5Secure and professional platformOfficial website
#4CoinbaseBeginner-friendly platform4.4 / 5The best U.S. platformOfficial website

Our Top 5 Crypto Staking Platforms In Overview: 

etoro-login

eToro is by far the best crypto staking platform. They charge low fees and have a built-in copy trader tool that allows you to copy the positions of successful traders. They take a small cut from the profits you earn, but that’s more than reasonable for what they give you in return. 

On eToro it is possible to stake Cardano (ADA), Tron (TRX), and Ethereum (ETH). All you need to do to start staking on eToro is deposit either of these cryptos on your eToro wallet and opt-in for the staking program. eToro takes 25% of your staking profits if you are a regular user. If you are a Diamond or Platinum+ club member, eToro takes 10%. 


02. Crypto.com: The most user-friendly crypto staking platform that pays up to 14.5% pa

crypto.com-rating

On Crypto.com you can stake more than 40 different coins. There are also different types of staking methods on the platform. The available staking methods are Crypto.com Earn, soft staking, and CRO staking. CRO is the native token of Crypto.com, which you can compare with Binance’s BNB. 
At Crypto.com Earn, the amount you own in CRO is taken into account. If you bought CRO during an advantageous period, there is a chance that you will automatically move up a tier due to the increase in CRO value. This can work both ways, so it’s wise to keep this in mind.
Another option for staking is soft staking. CRO is also important here, but with this staking variant, the amount of CRO tokens are taken into account. This staking option is suitable for investors with a large portfolio.
Apart from the distinction in CRO tokens, there is also a minimum deposit to be able to use soft staking. The minimum deposit is quite low and differs per cryptocurrency. For example, you need 800 XRP, 80 EOS, or 200 USDC. In total there are 28 coins that you can stake at Crypto.com.


03. Binance: Staking crypto and trading at the same time

On Binance you can stake a broad range of cryptos. To start staking crypto on Binance, you need to follow a few steps. First of all, you cannot stake every crypto you can trade on Binance. You can check whether the crypto that you hold on the Binance website is available for staking.

You start staking crypto at Binance by logging into your Binance account and going to the ‘Earn’ option. Here you select the option ‘Staking’. You will then see a screen with different crypto that are available for staking. You can see for each crypto what the annual return will be and how much of the crypto you should own to be able to stake. If you meet the conditions, you can click on ‘Deposit’ or ‘Buy’. You then participate in the staking of the chosen cryptocurrency.

At the moment you can stake Neo, Tezos, Dash, Chainlink, and Ethereum on Binance. The interest rates vary per coin and chosen lock-up period.


04. Coinbase: Best U.S. Platform For Staking Crypto

Anyone can participate in crypto staking on Coinbase. You do this by logging into Coinbase and going to the settings. Click on ‘Financial Services’. Here you will find all the available staking options. Coinbase will show you which crypto are stackable and what the interest rates are per lock-up period.


The best crypto staking coins

Below we discuss some of the best staking coins. When looking at these coins, we don’t only look at the return, but also at how popular the coin is. A high return is preferable, but if the coin is then worth much less it is of little use to you.

1. Cardano (ADA)

cardano-logo

Cardano is the alternative to major cryptocurrencies such as Bitcoin and Ethereum. It has been using Proof-of-Stake for blockchain network validation since its inception.

When you stake Cardano, you get an annual return of between 5% and 9%. At an online broker like eToro you can buy and stake this coin.

Cardano has a few advantages over Ethereum. For example, it can process more transactions through the more efficient Proof-of-Stake system.

Stake Cardano at eToro


2. Tron (TRX)

tron-logo

Another suitable option for staking is Tron. You can also stake this coin at eToro and you don’t even have to do anything for that.

At Tron, the return on staking is around 5% per year. You receive this return in new Tron coins that you will find in your wallet. Tron is one of the 30 most valuable cryptocurrencies of the moment and is widely used.

Stake Tron on eToro


3. Polygon (MATIC)

polygon-logo

The Polygon coin has been around since 2020 but only became popular in 2021. The market value rose from less than 100 million dollars at the beginning of 2021 to a record high of 10 billion dollars.

You can stake Polygon and you will then receive an annual return of about 12% on your invested coins. The process of staking this coin is more difficult than with the previous two options. You have to become a Polygon validator or delegator to stake Polygon. 

Once you are one of these, you have to send your Polygon to a trusted MATIC staking provider. You can do this with ERC-20 wallets like MetaMask.  Luckily, you can buy Polygon on Coinbase and eToro.

Buy Polygon on eToro


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Methodology
The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of the best online brokers. Trading platform, fees, mobile trading, payments, assets, regulation, education and research are all part of our six-month evaluation of a broker’s trading platform.The rating scale was based on thousands of data points that have been weighted into the scoring system. Brokerages were required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online brokers we reviewed. Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.

Disclaimer
All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

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Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.

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