Companies and large crypto holders have also created even more convenient options for mainstream users to engage in crypto staking, some creating their own pools to help users stake in a few clicks. Individual users are said to participate in these staking pools, allowing the pool operators or validators to own a larger stake in the network and thus, gain more probability to earn staking rewards.
In return for doing all of the technical work required to actually stake the crypto and validate transactions, they levy a small charge on participants in the form of fees and commissions.
Crypto exchanges, which are platforms that people use to trade or buy and sell crypto, have been quick to introduce crypto staking directly from their site. Between them, the biggest crypto exchanges have millions of users who already own digital assets stored on these exchanges.
They offer these users the option to lock away their tokens and coins at the exchange, who then go on to stake the assets on their users’ behalf. Any rewards earned by the exchange from staking are then distributed to their staking users.
For the user, this is a quick and hassle-free way to indirectly stake crypto to earn passive income from staking rewards.
This article examines some of the most popular crypto exchanges where you can do convenient crypto staking. It will give you an overall view of each exchange’s advantages and disadvantages.
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