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Cryptocurrencies to stake in 2022

Mar 4, 2022

1. Binance (BNB)

Binance is the second most reliable crypto exchange platform in 2022. The way in which Binance is delegated ensures that it remains the world’s top staking coin.

For most investors, Binance will return 6 – 9% annually. However, some lucky investors may earn up to 30%. The Binance platform provides ultimate convenience to the users. Here you can stake the coin without any hassle.

Buy, trade, and withdraw BNB in Freewallet

2. Ethereum

Ethereum is not far behind Bitcoin when it comes to cryptocurrency stakes. We cannot overlook the possibility that Ethereum may rise to the top in 2022.

Ethereum forms around 20% of the total crypto market. It leads the financial transactions as well as payments in multiple sectors. It firmly holds the infrastructure of DeFi protocols. As we know the best DeFi coins projects are still developed on Ethereum. We can say that Ethereum will provide both functionality and value in 2022.

Ethereum Staking will return you in a year about 5% a year rewards.

Ethereum can be purchased and exchanged in Freewallet

3. Solana

When we consider altcoins, Solana becomes a suitable choice naturally in 2022. Solana’s new smart contract network makes it a strong competitor for Ethereum.

Solana is relatively new as it was launched in 2020. Solana is fixated on blockchain’s permission-less property in providing decentralized finance (DeFi). It enables peer-to-peer lending services, smart contracts, stable coins, payment processing, and much more.

The transactions are validated through a hybrid method that includes proof-of-history (PoH) and proof-of-stake (PoS) models.

4. Polygon

Polygon is more focused on creating “Ethereum’s Internet of Blockchains.” In simple words, it aggregates scalable solutions and connects Ethereum-compatible blockchain networks together. Their protocol is on Layer 2 of Ethereum Blockchain and made it possible to make transactions faster and with lower fees than the main network.

Their stake reward is about 10.5% in a year.

5. HBAR

HBAR, also known as the Hedera, is the most common enterprise-grade public network that fuels the decentralized economy. Hedera is owned by some leading organizations globally, including Deutsche Telekom (DTEGY), LG, Alphabet (GOOGL), and TATA Communications.

Hedera estimated yearly interest is about 15%

6. BitDAO (BIT)

BIT is another promising exchange token for investors. To start staking in BitDAO, you need to join Bybit Launchpool. Then you can signup on Bybit and complete Level 1 KYC. You then need to transfer BIT into the ByFi account to begin your staking.

It promises a prize pool of 1,500,000 BIT tokens with an average return of 14.77 % per annum.

7. Tether

If your staked coins often depreciate, you can try a stable coin now in 2022. Tether (USDT) is one of them. The best thing about Tether is its immense trading volume, which leads to its high liquidity. It enables the investors to swap out UDTD for other coins.

The average annual rate for USTD is as high as 3.5%. The platform is highly recommended if you are a beginner in staking. It offers instant withdrawals, making it a hassle-free staking option.

Trade USDT20 Tether in Freewallet

Trade Tether stablecoin in Freewallet

8. USD Coin (USDC)

USD Coin is a stablecoin and is backed by fiat money. The stable value and its high liquidity make it a better option for transferring funds. The monthly audits performed by Grant Thornton, LLP, keep USDC as transparent as possible. You can trust it as a Cash and Carry equivalent with monthly reports posted online.

With an average of 8.88% annual return, you can consider USDC as the best staking coin. By providing a stable value and complete transparency, combined with a flexible staking mechanism, USDC becomes our best coin to stake in 2022.

9. Terra (LUNA)

Terra is another recommended crypto staking coin because investing in LUNA coins is quite convenient. TerraUSD is a stablecoin and exchangeable with one dollar’s equivalent to LUNA.

In case the price of UST drops below one USD, you can swap UST for $1 of LUNA. The annual staking average rate is 12.10%, making it an excellent option for crypto staking. You can enjoy profits as a passive income, and to start with LUNA, you can try crypto exchanges like Binance.

10. Polkadot (DOT)

Next on our list is none other than Polkadot. The Ethereum co-founder Gavin Wood created it using scalable, multi-chain technology. To start winning rewards on Polkadot, you will need to stake at least 40 DOT, which makes up around $1,600. To make a validator node, you will require 350 DOT.

Polkadot is a popular staking coin as it has an average annual return of around 14%. DOT is exchangeable at Binance, Fearless, and Kraken Wallet. We can say that DOT has the potential to grow in 2022; hence it is one of the best choices for staking.

11. Tezos (XTZ)

Tezos is a different one. It comes with a liquid-proof stake (LPoS) model with optional delegation. The XTZ cryptocurrency used in Tezos is created via a baking process. Bakers with Tezos get considerable rewards on their XTZ coins because they validate new blocks of transactions.

Even one XTZ in your wallet makes you eligible for staking with Tezos. You will receive the first payment after 40 days, but payments are awarded every third day. The average annual reward is up to 10%. The consistency in rewards makes XTZ ideal crypto staking coin for 2022.

12. Hydra (HYDRA)

Hydra combines inflationary and deflationary mechanics to become one of its kind among staking coins. When it maintains inflationary block rewards, it gives 100% of its transaction fees. This mechanism prevents investors from price degradation.

HYDRA staking will make you a node in the Hydra ecosystem. Minimum 10 HYDRA coins should be in your wallet to start staking with Hydra. It gives a tremendous return rate of around 60% to its early stakers. This rate is likely to reduce and become 20% over time.

The Final Verdict:

Blockchain networks provide great opportunities to investors. They can earn passive income and win high rewards. The best thing is that the risk involved in this type of investment is negligible. We hope that our list of best cryptocurrencies to stake in 2022 will wisely help you reach your investment decisions.

Other articles that may grasp your interest:

About passive crypto income

The ultimate guide for Ethereum app