What Is Cryptocurrency Staking?

Staking is a job where a user delegates or holds his tokens in an exchange/wallet to participate in operating a proof of stake (PoS) blockchain ecosystem. Similar to crypto mining which uses proof of work (PoW) it helps a network reach consensus while rewarding users who delegate their funds. Besides the low entry barriers to start earning it's very beginner-friendly and essentially risk-free.

Some Pros to Proof of Stake are the low transaction costs and its environmentally friendly. While someone could essentially perform maliciously based behaviour if they own 51% or greater but it would come at a cost of their own tokens. 

Where I have been Staking my tokens

I have kept my staking operations on 4 platforms for the better part of 6 months 

1. Binance 

2. Crypto.com

3. Pancakeswap

4. Exodus wallet

Top 5 picks for the long term 

1. Pancakeswap - Auto Cake Pool - 91% APY

Staking cake to earn cake - auto compounds 366 times daily and is a great option for passive income

2. Binance ETH 2.0 locked staking 7-20% APY

Etheruem is going to Proof of Stake in the near future to help secure the network users can stake Etheruem to earn high pay on a top asset. Since I'm personally bullish on Eth.

3. Crypto.com CRO coin up to 6%

combined with 2% back on the card purchases i will be exploring it in more depth in the near future

4. Ada Cardano 5-6%

Staking Cardano is an excellent method to earn passive ADA. You can see it as earning interest on your crypto. I am staking Ada on Binance and exodus wallet currently.

5. Binance Pokadot locked Staking 25%

Staking in a locked pool 25% for great risk-free income.risk free