Digital Surge, an Australian based broker/exchange has launched an earn program for several coins/tokens allowing staking from your account.  I have written about them previously (here) although the review is a little out of date so I plan on doing an update soon as they have added various features including the earn program discussed here.  I am still using them, and very happy so far with their customer service and interface.

What is Earn?

Earn means that you can earn a % return on your holdings for doing nothing except activating the earn function!  They are paid monthly but accrue continually, the reason being its much easier to do taxes on a once a month payment (and earn payments are taxed as income in Australia).

Benefits

- earn % return on certain crypto (list below)

- monthly passive income

- NO lock up - you can withdraw at any point

- as secure as the rest of your Digital Surge account

- on chain staking, so not leveraged loan type lending

Risks / Downsides

- any money on an exchange is 'not your keys, not your crypto' and a potential risk should the exchange go down.  Most of the failed exchanges have been involved in much higher risk leveraged loan products rather than the on chain staking offered here but its not zero risk

Currently Available Coins (all % listed are APY):

Kava                   KAVA           23% 

Solana                SOL              5 - 8% 

Secret                 SCRT            18 - 21%

Kusama               KSM            18% 

Mina Protocol     MINA          12 - 20%

Cosmos               ATOM          12 - 15%

MATIC Network   MATIC        8 - 14%

Polkadot              DOT             9 - 12%

Flow                     FLOW          6 - 9 %

Tron                      TRX             4 - 7 %

Cardano               ADA            4 - 6%

Tezos                    XTZ             5%

Algorand             ALGO           1 - 4%

Summary, I'm happy to use the Digital Surge 'earn' program for smaller value coins, overall we still need to consider risk vs benefit and return.  Its very easy to use and the layout is easy to understand.  I'm not assessing the viability of the individual projects listed as earn options, obviously you need to consider the project itself as gains or losses in the coin value will likely have more of an impact on your profit and loss than any earn interest rate.

I'm looking forward to them adding further coins to the program, including BTC and ETH, although even then I will still store the majority of my BTC & ETH in a private wallet any I'm holding on the exchange whilst I build enough of a balance to make the transfer fees worth it can be earning a little bit extra.

Sign up to Digital Surge via my referral link and help support these articles!

Disclaimers & Copyright:

Any links in my posts are referral where possible so if you sign up and use the site via those links I get something,  or we both get something out of it, if there is no referral link available it’s just a straight link to the site.  I really appreciate anyone using referral links as it supports covering my time writing these articles.   None of my opinions or recommendations are based on whether a referral link is available and I have received no other incentive to write any of these articles, they are a true representative of my own experiences, good and bad.

This is not financial advice and I am not a financial advisor.  Do your own research before making any investments.