Bitstamp

Bitstamp is perhaps the most established crypto exchange on this list that supports taking. Founded in 2011, it is one of the original crypto exchanges still operating today. It is seen to be a favourite for veteran crypto professionals and financial institutions due to its experience and expertise.

Because of this clientele, Bitstamp has a clean dashboard with a glossy, professional feel, and can be useful for users who would like a professional trading app to go along with their staking needs.

This institutional-level feel extends to its security. Bitstamp claims to store 98% of its crypto funds on cold wallet storage, that is, on offline wallets that are not connected to the Internet and, therefore, safe from hacking attempts.

Perhaps as a consequence of cold staking (staking from cold wallets), Bitstamp only offers two crypto for staking at the moment, with a flat rate of 4.82% APY on Ethereum (ETH) and 5% APY on Algorand (ALGO). Staking is completely flexible here as there are no lock-in periods, so the rates are clear, with a reasonable minimum amount (0.1 ETH or roughly $200).

While this lower APY and narrow choice for staking does appear to be a con, stakers on Bitstamp benefit from the safety and assurance provided from cold staking, as well as a licensed Luxembourg exchange.

Bitstamp staking summary:

• Monthly payouts
• 4.82% APY for ETH, 5% APY for ALGO
• No lock-up periods
• Luxembourg trading license
• Promotional staking offers
• Money transmitter licences in several US states

Pro: Highly professional exchange with 98% of assets in cold storage.

Con: Only 2 coins can be staked.