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Interested in investing in cryptocurrencies? There are a myriad of factors to take into account. When you invest in coins based on a proof of stake (PoS) blockchain network you can engage in staking, which helps PoS networks operate more securely and efficiently. The only requirement for staking is that you keep coins in your cryptocurrency wallet over an extended period of time, which allows you to earn staking rewards. Staked coins are similar to interest-bearing savings accounts, since with both options you earn interest on your initial investment. Keen on giving this passive income strategy a go? Read on as we cover some of the best staking coins you can invest in if you want to earn passive income while taking advantage of high yield.
Key Takeaways:
Staking PoS coins allows you to earn passive income by holding and validating transactions on a crypto network.
Besides PoS coins, this guide lists other top staking coins with high interest rates, including stablecoins like USDT and USDC, and other coins, such as BTC, LFT and APTR.