The post 5 Crypto Coins For Staking With Highest Rewards in 2024 appeared on BitcoinEthereumNews.com.

If you own any cryptocurrencies that run on a Proof-of-Stake blockchain, you should seriously consider staking them. By staking, you will help secure the underlying blockchain network and grow your crypto holdings over time. When staking, it’s important to choose a reliable crypto-staking platform like OkayCoin, where you can easily participate in staking activities and earn rewards accordingly. We are highlighting the best crypto for staking that can maximize rewards in 2024. Although we tried to select cryptocurrencies that offer solid yields, we also considered factors in addition to APY. We took special care to ensure that the list only includes high-quality blockchain projects that have a good chance of success over the long term to earn passive income. Without further ado, let’s take a closer look at each cryptocurrency that made our list of the best crypto coins for staking. 1. Ethereum Ethereum Liquid Staking Current APY: 4.07% Ethereum is the leading blockchain platform for smart contracts and has been operating on a Proof-of-Stake consensus mechanism since 2022. You can stake Ethereum by running a solo validator or using alternative staking methods such as on-chain liquid staking protocols or staking services offered by centralized cryptocurrency exchanges. Most crypto investors won’t be able to run an Ethereum solo validator due to the technical knowledge required and the significant hurdle of needing 32 ETH to launch a validator. The good news is you can still earn ETH staking rewards even with a smaller amount of ETH. Liquid staking protocols like OkayCoin allow you to stake your ETH and receive tokens representing your staked coins. These tokens can be used in DeFi applications or held in your wallet. When you’re ready to unstake, you can redeem the liquid staking tokens for ETH. If you don’t want to go through so many steps,…

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Filed under: News - @ June 24, 2024 5:26 am