Best Crypto Staking Options in 2022 (I)

Best Crypto Staking Options in 2022 (I)

Crypto staking is a process used to verify cryptocurrency transactions. It involves committing holdings to support a blockchain network and confirm the transactions. It also allows participants to earn passive income on their holdings. If the token you hold allows staking, you can stake some cryptos and earn a passive income. It happens via a staking pool, which can be compared to an interest-bearing savings account. Like a savings account, you can earn anywhere between 5 to 20 percent per annum on the amount of cryptos you stake.

Stake crypto to passively make money from your assets. Like getting interest payments from a traditional bank. So let’s make your money work for you!

Usually higher risk tokens pay higher APY like PANCAKE paid up to almost 100% recently, while lower risk assets like SOLANA or ETHER pay a lot less, usually at the 5%-7% range. If we want to avoid risks, we need a top coin and a stable platfrom.

Stake through Ledger Nano

It is Totally secure – Gain rewards while securely holding your crypto in your Ledger hardware wallet. Instead of “sending in” your crypto to some suspicious website or binding it in a contract on a defi, you will have total control all times. The staked tokens will be stored in your hardware wallet.

Supports multiple currencies

Ledger hardware wallets allow you to securely stake up to 7 coins at one time. The best options are Ethereum, Polkadot, Tezos, Cosmos, Algorand and Tron.

Easy to use

Earn rewards directly in the Ledger Live app, or use an external wallet.

Ledger Nano – hardware wallet + staking options. 🔗

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Best Crypto Staking Options in 2022 (I) was posted on January 28, 2022. This post may include a link to a website operated by a 3rd party. MegaSheep doesn’t claim to own or represent any of the trade names, products or trademarks associated with any of the linked posts!

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