Learn how to add Polygon to MetaMask in two ways, through PolygonScan or manually.

 for decentralized applications (DApps). Unfortunately, some of these are slowing processing times and raising gas fees. The 

 Network has presented itself as a solution to these problems.

Polygon is a framework for creating blockchain networks compatible with Ethereum. Transferring assets to this network by using the 

allows you to easily build scalable DApps with higher speeds and lower prices. 

 platforms like Uniswap and QuickSwap have already been deployed on the Polygon network.

If you own a MetaMask crypto wallet, and want to store your assets securely, quickly and cheaply, try connecting it to the Polygon Network. Our step-by-step guide will show you how to add Polygon's 

Not everyone has a MetaMask wallet, but it’s easy to set one up. MetaMask is one of the most reliable crypto wallets. It allows you to store tokens and NFTs, so it can accommodate most of your needs.

MetaMask is available to install on Chrome, Android, and iOS. You can download the software from the 

. Here's how to download the MetaMask extension in just a few steps:

, you'll be sent to the MetaMask welcome page. Next, click on 

 option. If you've already used a crypto wallet, you can import the 

Next, create a secure password to log into your MetaMask wallet.

After you’ve created a password, MetaMask will give you your wallet's seed phrase. Make sure to 

 if you're not sure how the wallet works. Then, you’ll be led to the S

 page, where you’ll need to click on the lock to see your seed phrase. Store the phrase the traditional way — offline, and if necessary, under lock and key, so that you’ll never lose it. 

Next, to confirm your seed phrase, you'll need to repeat it by picking the words at the bottom of the next page in the correct order. Once you're done with that, click on 

Now your MetaMask wallet will be set up and ready to use. All you need to do is click on 

, and you're ready to use your new wallet.

Let's move on to see how you can add Polygon Network to MetaMask.

Two Ways to Add Polygon Network to MetaMask

The MetaMask crypto wallet works with Ethereum-compatible networks. That's why connecting to other networks requires a separate procedure in the wallet's settings.

For example, the Polygon Mainnet (formerly known as Matic Network) works on Ethereum. However, it’s not included by default on MetaMask.

If you want to use Polygon Network, you'll need to manually connect it to your MetaMask wallet. There are two specific ways to do this. We'll guide you through both of them.

To add the network manually, first, you need to go to the 

. Once there, scroll down to the bottom of the page and click on 

This will send an automatic MetaMask notification to your browser. You need to click on

and you'll then be switched to Polygon's Mainnet.

Finally, close the dialog — and you're all set.

In case this method doesn't work, ‌you can also add Polygon Network manually by following the steps below.

To add the Polygon Mainnet, click on the network selection drop-down menu in your MetaMask extension and select 

. In the Settings tab, you need to input the following:

Once you add the above information, you need to click on 

. You’ll then be directed to your account screen with the MATIC icon and MATIC token balance showing. You can now use your MetaMask wallet with the Polygon Network. 

If you want to add a custom token not yet available on MetaMask, you can go to PolygonScan, find the token you want, and copy the token's contract address. If the token isn’t on PolygonScan, you can try 

 instead, or find the social contract listed on the token’s official site.

Afterward, go back to your MetaMask wallet homepage, and find the 

 tab on the bottom. There, you'll see the 

 at the top, and enter the token’s contract address.

In most cases, the token symbol and decimal will autofill. But if they don't, you’ll need to head to the network's block explorer and find the token. The symbol and decimal will be displayed there.

 to proceed. The wallet will automatically send you to a confirmation page where you can click on 

After that, you'll find the newly added token in your MetaMask wallet.

Now you know how to add Polygon to MetaMask. Thankfully, it's a simple process. After setting up everything, you can start making transactions, storing NFTs, and interacting with different DeFi DApps. You can even swap your tokens without leaving the MetaMask extension.

Of course, the MetaMask wallet isn't just made for the Ethereum and Polygon networks. It supports the entire EVM (Ethereum virtual machine) ecosystem. Following our guide, you can easily add more chains, and start exploring the world of decentralized applications.

Beginner

how-to-add-polygon-to-metamask.jpg

How To Add Polygon to MetaMask Wallet

Heard about the blockchain trilemma? Find out why developers are struggling to solve this issue of balancing scalability, decentralization and security.

The world around us is all about the trade-offs we make to achieve certain results. The blockchain trilemma is no different, so it’s crucial to understand whether the problems associated with blockchains can ever be solved. Developers are pouring time and energy into solving this problem, and we’ll look at how blockchain scalability, security and decentralization can work together. These three features are fundamental to how blockchains function, with a growing acknowledgment that you can only get two out of the three. That means every blockchain must sacrifice something to work as efficiently as possible.

The blockchain trilemma is the concept that decentralization, security and scalability can’t all be represented in one blockchain.

An Example of the Blockchain Trilemma: Bitcoin’s Scalability

The issue that Vitalik Buterin was talking about is whether or not it’s possible to achieve all three of these features in a single network. Many developers have concluded that achieving all three features is impossible, and that it comes down to making do with what 

 possible with the current technology — and figuring out how to make the trade-off in a real-world environment. As much as each project tries to optimize their network, there will be some shortcomings with each blockchain design. Thus, the key for developers is to figure out how much of each characteristic they’re willing to sacrifice in order to achieve optimal performance.

However, because of this, they control everything to get you transaction times that are shorter than a second. On top of that, the transaction fees are relatively low when compared to many other networks. Because of this, many people are moving toward a cashless society that will remove the need to carry physical money around.

As you can see, blockchain decentralization negatively impacts a network’s security and scalability. Blockchain decentralization is crucial — because it requires that you sacrifice one other feature to have the most optimal network possible. Ultimately, blockchain decentralization is better when one entity or individual doesn’t control the entire network. However, blockchain scalability or security are sacrificed when prioritizing blockchain decentralization.

Unfortunately, blockchain scalability is a significant problem that has kept many cryptocurrencies from being used on a mass scale. In order for a blockchain to be practical, it needs to progress to a stage where it's subjected to thousands of transaction requests and is able to process them rapidly.

Ideally, projects would want their blockchain to be able to scale to millions of 

 (TPS). This is one of the many reasons why Visa and MasterCard are used all over the world. After all, no one would use these cards if you needed to wait 20 minutes or more for your transaction to be processed — and no store would want to use this network if they had lengthy lines because it took so long to process transactions. Blockchain scalability needs to be built in because developers need to figure out how to make it work for specific use cases, rather than just looking at 

Blockchain security is the third feature many networks might choose to relax when it comes to the blockchain trilemma. Good blockchain security means that everything should be robust so that no one can take over the network — for example, capitalizing on network vulnerabilities to insert transactions into a network. 

The major downside to maintaining blockchain security is that it takes a lot of processor power to achieve it. This might be a problem if blockchain decentralization goes into effect as well. When you combine this necessity with the realities of blockchain decentralization and scalability, it means you have to expand processing power tremendously to achieve a small improvement in your TPS rating. These are the things that blockchain developers must balance out when trying to build a network. They have to figure out which one of the three they want to sacrifice.

With blockchain decentralization, another issue is consensus. What is the correct transaction for each ledger? When you’re writing a transaction into the blockchain ledger, how do you ensure that the transaction gets correctly updated to all of the nodes? This takes a lot of processing power — which is why it’s important to understand how to balance security with other features inside a blockchain network. Blockchain security is only going to become more important as its utility increases. An example of security gone wrong is with blockchains that use smart contracts.

The general idea with blockchain security is that it works in retrograde to blockchain scalability. Blockchain security requires that you use additional processing power to ensure that no one exploits the network. However, the major problem with this is that, as a consequence, there is now less power to process transactions. Developers have to decide between processing more transactions or maintaining enhanced security. On top of that, the more decentralized a network is, the longer it’s going to take to reach consensus — making it even more difficult to achieve ideal simultaneous blockchain decentralization and security. Many people are currently attempting to figure out how to make both of these concepts work correctly, without major downsides to the network.

An example of a secure network is Visa, mentioned above. It offers a credit card processing network that delivers millions of TPS. Despite this, blockchain security is never an issue with them. We almost never hear about anything being exploited. However, when something does happen, it’s usually because the vendor has done something prohibited. It’s never the credit card processing company itself with problem that’s been exploited. 

Most blockchains are quite secure, and security breaches aren’t an ongoing problem for most networks. However, as mentioned, security comes at the price of scalability. This has many people thinking of various ways they can improve security and transaction processing capability — without destroying the essence of the network.

Different Approaches to the Blockchain Trilemma

In addition, Avalanche’s minimal hardware requirements are impressive. One can start as a validator with inexpensive hardware for less than 1/10th the price of the hardware needed to become a validator on the Solana network.

It’s clear that being a validator is important for both blockchain decentralization and scalability. However, not many people are incentivized to become validators. Doing so is often too expensive or complicated to make it work, limiting its benefits to just a few

Potential Solutions to the Blockchain Trilemma

There are a few potential solutions to the blockchain trilemma, to be implemented independently. Many developers are also figuring out how to achieve the blockchain trilemma on each part of a network.

Polkadot’s Relay Chain allows multiple blockchain networks to connect to each other quite easily because they can connect to plenty of networks without the downsides inherent to the blockchain trilemma. Parachains run in parallel to the Polkadot blockchain. They use the Polkadot Relay Chain to achieve maximum scalability, security and governance.

Sharding splits up the blockchain and separates it across multiple validators. It’s a risky way of doing things because of the theoretical possibility that all validators holding a certain shard might go down. In this case, the entire piece of the blockchain would be lost. There are several algorithms to prevent this from occurring, which is one of many ways to improve the process Ethereum offers shard chains as a way of improving scalability. This method splits the entire blockchain horizontally, putting the load across multiple servers and making it possible for network participation and processing power to increase geometrically.

A nested blockchain exists within another blockchain. Layer 1 blockchains delegate processing to a nested blockchain, meaning that custom processing solutions can be created relatively easily. This is one of the best and easiest ways to solve the blockchain trilemma without too much difficulty. The biggest example of this is Ethereum Plasma, which uses a separate blockchain that’s anchored to the main chain, capable of offering proof of fraud to arbitrate disputes.

A state channel essentially has delegated transaction processing and capacity. Its nodes don’t require validation, meaning that it’s like an adjacent resource that does what it needs. The Layer 1 network only requires that the final state of the channel be recorded into the blockchain.

A sidechain is essentially a separate blockchain that connects to the main blockchain by using a two-way peg. It increases the existing blockchain’s interoperability and processing power. For example, Bitcoin’s network can use sidechains to process transactions even faster. This is one of the many ways people are getting more performance out of Bitcoin, even when technically it shouldn’t be possible.

There is no one solution when looking at how the blockchain trilemma can be solved. It’s theoretically impossible to achieve the Holy Grail. The best that we can do thus far is to optimize each blockchain as much as possible to achieve its stated goal. We might experience a future with virtually infinite computing power and geometrically faster network transfer speeds. In that environment, the blockchain trilemma could be solved relatively easily. It would stop being a problem because transaction speeds would be propelled “to the moon.”

The blockchain trilemma is currently a major problem for most developers. However, like anything else, once we understand the nature of the problem, we have a much better chance of finding a solution to it. Many developers are working on the complexities of the blockchain trilemma, and they’re quite optimistic — so we should be too.

Advanced

The_Blockchain_Trilemma-_Can_It_Ever_Be_Solved_1600x900.jpg

The Blockchain Trilemma: Can It Ever Be Solved?

Learn how to mint an NFT for free in these three NFT marketplaces – OpenSea, Rarible, and Mineable.

While NFT may have lost some of its luster as compared to the past, it still retains a large community of creators and investors. Some of the most expensive NFTs can cost up to millions. Everyone wants to mint an NFT, but not everyone can afford them due to sky-rocketing 

But did you know that you can mint NFTs for free? Though some marketplaces charge expensive gas fees to mint your digital art, new marketplaces are coming up with cheaper and better ways to mint.

In this article, we will look at different ways to mint an NFT for free without having to worry about paying gas fees. 

, unique packets of digital data representing ownership that cannot be replaced by anything else. NFTs can be anything digital, such as music, sketches, artworks or drawings. But these days, the greatest excitement is around using technology to sell digital art.

The growing popularity of NFTs has attracted many creators and artists looking for blockchain-based technology to monetize their talents and earn profits. NFT artist Beeple, known for his top-selling NFTs, had 

NFT minting is the process of uniquely publishing your token on a blockchain to make it purchasable. In simple terms, minting is converting your digital file into a digital asset that can be bought or sold by adding it to a blockchain, typically that of Ethereum.

NFT markets have quickly grown, and myriad digital files are exchanged daily. But buying, selling and transferring NFTs typically comes with high gas fees. In fact, the average cost of minting an NFT could be 

. While Nifty Gateway has created a smart contract to 

, who among us wouldn’t prefer being able to sell their NFT art free of fees?

 are decentralized networks that aren’t owned by any central authority. Miners maintain the blockchain and mint creators’ NFTs by using their own computing power and resources, earning gas fees as an incentive in return.

You may be wondering: If there are fees involved in minting tokens, how is it possible to sell NFT art for free?

To overcome the higher gas fees, you can try lazy minting, whereby an NFT is available outside the blockchain and is only minted after a sale. This means you don’t have to pay gas fees as they are borne by the buyers instead. Some of NFT creators’ most preferred NFT marketplaces for minting NFTs for free include OpenSea and Rarible. While a less popular platform, Mintable also allows you to mint NFTs for free with an Easy option that creates gasless NFTs.

OpenSea is the first and largest marketplace for NFTs, where you can buy and sell any digital goods in the form of assets stored on the blockchain. It supports multiple blockchains like 

, focusing on growing the marketplace for creators, buyers and sellers. 

Creating an NFT on OpenSea is free, but selling it is not. The OpenSea marketplace 

 before they can sell NFTs on the platform. The first fee is charged while initializing an account, priced between $70 and $300. The second fee of $10 to $30 is required to enable OpenSea to access the NFT. This platform is among the most trusted and preferred by NFT traders.

Follow the step-by-step guide below to mint your first NFT on OpenSea for free. 

, you must log in through your cryptocurrency wallet account, which supports multiple blockchain networks. The most commonly used wallet on OpenSea is MetaMask, which can be created and used for free.

2. Create an OpenSea account and connect a wallet

Then, create an OpenSea account and link your wallet to it.

Next, set up your first OpenSea collection by going to your 

. Fill in the relevant fields — your name, logo, descriptions, price and royalties, etc.

 costs can be high, make sure to switch to the 

at this step to make your minting process gas-fee-free. 

Begin minting NFTs by clicking on the collection, and then on the 

 option. This will open up the form. Upload the piece of media that you want to convert into an NFT. Click on 

Now you’re done. You’ve just minted your first NFT on the Polygon Network, without paying gas fees. If you want to sell this NFT, click on 

Rarible is an Ethereum-based platform that facilitates the creation and sale of digital assets on blockchains. Rarible is both a marketplace and a network built on Ethereum that facilitates trade between them. It even has its own token, RARI, an ERC-20 governance token that allows its holders to propose improvements to the marketplace.

To create NFTs for free on Rarible, follow the steps given below:

When your NFT is sold on Rarible, it will be minted, which automatically transfers the gas fees to the buyer.

Mintable is another Ethereum-based platform. What differentiates it from others is that its gasless NFT creation process isn’t just free, but also easy. With its breezy steps, it’s an ideal platform for beginning users. That said, it has a 5% service fee for the completion of a sale. 

If you want to mint an NFT for free, just follow these steps:

Once you’ve minted your NFT, the next step is promoting it with a systematic marketing plan that helps you reach potential buyers. The crypto and NFT marketplace is saturated daily, so it's essential to ensure buyers find your creation and buy it the right way. Once you “drop” your NFT, your next task is to let the world know about it. The following points can help you if you’re wondering how to reach NFT collectors.

Community plays a significant role in any online business. As an artist or creator, building a community where you can talk to your followers, connect with them and introduce them to your projects is essential.

Continuous engagement in the community can help your NFT price increase, and your asset will be worth building upon. When you plan to create an NFT, let the people in your community know about it. Your NFT should be the only thing discussed within your community. You can get help from various community managers, who can do this work for you for a fee.

Promoting your digital art is not a one-day task. You must create hype around your NFTs within your community (and crypto nerds) to get traffic on your marketplace and help the artwork reach a higher price. NFT promotion can be done within the community and across available social media platforms to engage multiple users toward your artwork. Using tools like NFT Calendar, you can launch your NFT on a large scale.

As an aspiring NFT creator, your first step toward promoting your NFT should be 

, which you can use to build hype around your NFT drops. NFT calendar allows you to list events for free, and to set up your calendar for the date you release your NFTs. Fill in all the required details about your artwork and submit it. Your event will show on the upcoming NFT drops sections in NFT Calendar.

Social media is undoubtedly the most effective tool for marketing your NFT. It doesn't matter if you have a large enough promotion budget; you can still gain popularity on social media with the right marketing skills. Platforms like Medium, Instagram, Reddit, Twitter (most used), Discord and TikTok can be immensely helpful when promoting NFTs online. 

Collaborate With Influencers Regarding Your Artwork

This decade is undoubtedly the period of influencers and collaborations that can help your artwork reach more people and create awareness about your product. Tech influencers on different platforms can help you promote your NFT in their community, and can kick-start your project’s journey. Their promotions will definitely contribute to substantial traffic on your landing page.

If you’re a digital art creator, explore NFTs and mint one for free to see if this interests you. If you find this space as exciting as your artwork, you can also try out other NFT marketplaces that charge gas fees — but which also provide a good amount of return. Who knows, you may very well be the next 

mint-nft-for-free.jpg

How to Mint an NFT for Free

Want the best returns when staking your coins and tokens? Give these best staking coins a shot to maximize your rate of passive income.

Interested in investing in cryptocurrencies? There are a myriad of factors that you should take into account. When you invest in coins that are based on a 

 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 the high yield.

 is a process that involves placing funds into a digital wallet and keeping them there to support validating transactions for PoS blockchains. By participating in transaction validation, participants earn extra cryptocurrency.

The main benefits associated with staking crypto include the following:

There are some notable differences between mining and staking. In general, while mining only occurs with 

 systems, you’re able to get a return on both PoW and PoS coins on staking platforms.

Both PoW and PoS as consensus mechanisms are able to confirm blockchain transactions without needing a third party, such as a bank or other financial institution. The main difference between the two mechanisms is in their energy consumption.

If you’d like to get started with the staking process, you first need to obtain PoS coins. Once you’ve selected the coins you want to use, you’ll decide how much of your top staking coins you’d like to stake. This process can be done on any major cryptocurrency exchange.

Keep in mind that it’s also possible to earn additional income through

. Although somewhat more complicated than staking, yield farming involves earning coins by lending your current crypto assets to various 

 platforms. With yield farming, you can contribute crypto assets for anywhere from a couple of days to several months. Higher lending amounts invariably lead to higher rewards.

Despite the benefits of crypto staking for earning passive income, there are several risks to be aware of. The primary ones are as follows:

The following is a comprehensive look at 19 of the best staking coins you can purchase in order to start obtaining staking rewards. The tokens’ symbols are listed after each crypto platform.

With big-name backers like Peter Thiel and Pantera Capital, investors can be confident in 

 being one of the next big exchange tokens. As one of the world’s largest decentralized autonomous organizations (DAOs), 

 seeks to nurture the DeFi space in achieving its vision of open finance and a decentralized, tokenized economy. BIT token holders can shape the future of BitDAO through voting on governance proposals, such as updates to core protocols and token swaps.

. After signing up on Bybit and completing Level 1 KYC, simply transfer BIT into your 

 account and begin the staking process. With a prize pool of 1,500,000 BIT tokens and an average annual return of 14.77%, you’ll certainly be hard pressed to find similar staking coins with comparable growth potential and staking rewards.

If you’re wary of your staked tokens and coins depreciating in value, try staking a 

 instead. While deciding which stablecoin is the best staking coin comes down to personal preference, we’re recommending 

 (USDT) thanks to its massive trading volume. This can do wonders for liquidity as the high daily USDT volume lets you effortlessly swap out USDT for more lucrative tokens.

Keen on giving USDT staking a go? Take advantage of 

 and enjoy average annual rates up to 3.5%. Thanks to the stability of USDT’s overall value, we certainly consider it as one of the best staking coins for beginners getting into staking and want to use a platform that offers instant withdrawals and little hassle.

, or Eth2, is the second-most popular cryptocurrency provider in the world behind Bitcoin, and is one of the best staking coins available. If you want to stake this particular crypto, you’ll need to start with at least 32 ETH. Ethereum previously used a PoW consensus algorithm. However, it has recently switched over to PoS, with more than $12 billion in ETH having been staked.

Before you start staking Ethereum 2.0, keep in mind that it’s in an early access phase, which means that the platform is still being tested before it officially launches. Until the 2.0 launch occurs, the coins you stake will remain in the network. It’s estimated that the Eth2 will launch in the first few months of 2022. With 

 flexible staking rates, you can expect to earn a steady 2.5% APY so why not earn some passive returns while you’re HODLing the coin with one of the best smart contract networks.

? You’re not alone. Just like Tether, USD Coin (USDC) is also a stablecoin that’s backed by fiat money and is commonly used for transferring of funds because of its stable value and high liquidity. Fortunately, unlike Tether, USDC is properly audited by Grant Thornton, LLP on a monthly basis. This allows for maximum transparency as the reports are posted online for all to view, thus proving its claim that it’s backed mostly by cash and cash equivalents.

Start staking USDC and earn attractive rates thanks to 

 flexible staking offerings. With average returns up to 8.88%, there’s no better choice when it comes to the best staking coins that offer a stable value and full transparency of how the stablecoin is pegged to the dollar. This passive investment strategy is made even better thanks to our flexible staking mechanism where you can freely unstake at any time should you need the capital.

 is among the best crypto staking coins because investing in their LUNA coins is easy. Terra facilitates the creation of a stablecoin backed by cryptocurrency, referred to as TerraUSD (UST). To invest in this highly recommended coin, you can exchange a single UST for one dollar’s equivalent of LUNA.

In the event that the UST price ever drops below one USD, it’s possible to swap affordable UST for $1 of LUNA, which allows you to obtain a profit and earn passive income. The annual staking reward for LUNA is around 12.10%, a substantial return which makes this one of the best cryptos to stake. When you’re ready to purchase LUNA and start staking, you can find it at crypto exchanges such as Binance.

 provides one of the best staking coins because it uses scalable, multi-chain technology created by Ethereum cofounder Gavin Wood.The minimum stake to start earning rewards is currently 40 DOT, or around $1,600 at the time of writing. (However, if you want to create a 

 with Polkadot, your contribution will have to be substantially larger at 350 DOT.)

Polkadot is among the best staking coins because it comes with an average annual return of 14%, which is great for earning passive income. You can stake DOT at exchanges including Binance, Kraken and Fearless Wallet. As for future prospects, DOT is among the best cryptos to stake because of its top 10 

, which will likely grow in the coming years.

 featuring optional delegation. Tezos uses the XTZ cryptocurrency, which is created by a “baking” process. If you become a “baker” with Tezos, you’ll receive substantial rewards when you stake your XTZ coins because you’ll be helping new blocks of transactions to be validated.

You can start staking with Tezos even if you only have one XTZ in your wallet. Your initial reward payments will be credited to you after a period of 35–40 days,, but subsequent payments are awarded every three days. Tezos rewards are largely consistent, which is why XTZ is considered to be one of the best crypto staking coins. Your average annual reward can be anywhere from 6.75–10.60%.

 is a unique staking coin that was created in an attempt to scale Ethereum. The purpose of Polygon is to ensure compatibility by connecting every Ethereum-based DApp (decentralized application). Polygon transactions are wholly secured by network validators. This is among the best staking coins to select from, because it’s able to validate up to 65,000 

 (TPS), which allows Ethereum networks to complete transactions efficiently.

Another reason Polygon is one of the best staking cryptos is that delegators are only required to stake a single coin before they can take part in the network, while staking itself requires at least two coins. You can begin staking by connecting your MetaMask wallet to your

. The expected annual staking reward for Polygon depends on how many coins you stake. The maximum APY for this coin is just over 14%.

 is the most popular crypto exchange platform in the world, and BNB is one of the world’s top staking coins, due to the manner in which it’s delegated. There’s currently no minimum stake for delegating the BNB coin to validators, and the “unstaking” process takes just seven days. 

The average annual return for the BNB coin is between 6–9%. However, it’s possible to earn returns that are as high as 30%. The rate of return can be highly volatile because it depends on transaction fees. You can stake this coin directly on the Binance platform, which offers a level of convenience that isn’t possible with most of the top staking coins on this list.

 is among the more unique staking coins on this list because of how it combines deflationary and inflationary mechanics. With this methodology, it’s possible for Hydra to burn nearly 100% of its transaction fees while maintaining inflationary block rewards. The end result is that users are protected against price degradation.

If you’re interested in staking with HYDRA, it’s important to understand that any user can become a node in the Hydra ecosystem. You need at least 10 HYDRA coins in your wallet if you want to start staking. Hydra has become one of the best PoS coins because all early stakers will receive a huge rate of return at 60%. This will eventually wean down to 20% over time. The staking rewards you receive are derived from transaction fees, and any new HYDRA coins are issued directly by its blockchain.

 is a powerful platform that provides effective scalability through validator nodes and instant transactions. ALGO is among the best staking coins because stakers only need to have a single ALGO coin to become validators. Having such a low staking minimum does have its pros and cons. While there are typically more validators than most other networks have, it’s also possible that some validators don’t participate as much as they should because of the minimum staking requirement.

With ALGO, you can begin the staking process using a Ledger wallet, Algorand wallet or Coinbase. Your total returns depend on the staking platform you decide to use. In general, you can expect annual returns that range from 5–10% of your total investment.

Interested in the best staking coin with a novelty? 

 is a fun and popular staking platform that provides users with the ability to stake any CAKE coins they accrue. When you stake your CAKE coins, you can choose to earn additional CAKE or other types of coins. At the moment, PancakeSwap is the most popular platform on

, which is just one reason why CAKE is considered to be among the best staking cryptos.

To stake CAKE, you’ll first need to connect your wallet to the PancakeSwap platform. Supported wallets include MetaMask, Trust Wallet, MathWallet, TokenPocket and Binance Chain Wallet. In comparison to platforms like Ethereum, transaction fees are considerably lower with Binance Smart Chain. Once you’ve obtained rewards on PancakeSwap, you can either claim them or reinvest them into the platform. The annual returns for the CAKE coin range from 31–42%, which makes this one of the best crypto staking coins on the market.

 is an efficient blockchain that was designed with scalability in mind. This scalability is achieved via Solana’s low fees and quick transactions. When it comes to crypto market caps, Solana ranks #7. SOL is one of the best staking coins because of the speed of transactions and the low cost for completing them. Most transactions are finished in a few seconds. While you can’t manage your own node when staking on the Solana network, there are more than 640 validators with whom you can stake your coins.

When you delegate your stake to validators on Solana, you’ll be able to participate in the rewards that these individuals receive. SOL coins have performed extremely well over the past few months, reaching an 

 of $210 per coin. When you stake your coins with Solana, you can expect to receive annual returns ranging from 7–11%. You can stake SOL with Ledger, MathWallet, Atomic Wallet and Exodus.

 is similar to platforms like Cosmos and Polkadot. However, AVAX is one of the best staking coins because its platform is able to scale to millions of different validators. You can start staking with the AVAX platform once you have at least 25 AVAX coins.

To become a validator, you’ll need to stake at least 2,000 coins. Once you stake your assets, you’ll need to do so for at least two weeks before you claim your rewards. AVAX has proven to be among the best cryptos to stake, with an annual return on investment from 8–14%. You can stake your AVAX coins with a number of different wallets, the primary ones being Ledger, MetaMask and Avalanche Wallet.

 Finance is a popular platform that provides users with the ability to stake the BANANA coins they earn. Thanks to its meme status that capitalizes on the bullish retail investor movement, BANANA has become one of the best PoS coins. Once you’ve purchased BANANA coins, you can stake them along with other digital assets in various pools.

After you’ve staked your BANANA holdings, you can choose to earn more of the BANANA coin or other cryptocurrencies. Some of the pools you can stake your coins with include BFTl, Banana, JDI and Ontology. All you need to do to begin staking your tokens is to click the ”Add” button. Over time, you’ll earn staking rewards that can be harvested after the mandatory timelock. With an average annual return of 75% on ApeSwap that will fall over time, there’s no better time to get to yield farming than the present.

 is a great platform that offers both staking and yielding. However, many investors choose to stake their SUSHI coins because of the high annual returns. You can obtain SUSHI coins on popular exchanges like Binance, Huobi and OKEx. Once you decide to stake SUSHI coins, you can do so with wallets such as MetaMask and Atomic Wallet.

If you decide to stake SUSHI coins, the returns you generate can be used for voting rights, or as a token that allows you to interact with other platforms. The returns generated from SushiSwap staking investments are largely consistent, typically ranging from 7–10%.

 is a highly popular NFT and cryptocurrency marketplace that provides users with the opportunity to stake their coins for voting and governance rights as well as staking rewards. XNL is considered to be one of the best staking coins because it has a very high annual return of 67%.

Keep in mind, however, that this high APR isn’t unlimited. The soft cap for a single user is set at 50 coins while the hard cap is 100,000 coins.Users can claim rewards every three days. Chronicle supports the most popular wallets, primarily MetaMask.

 is a powerful PoS network that’s commonly compared to Ethereum. The main advantage of using the Cardano network is that it can process several hundred transactions per second. Cardano earned its spot on this list as one of the best staking coins because users can pull out any of their staked assets whenever they like. If you’re new to the staking process, this is a highly accessible platform.

Of particular note with Cardano is that staking rewards become less valuable over time if too many individuals place their assets in a single pool. As such, diversification is essential toward maximizing your returns. Cardano has two official wallets, 

. The average annual return for ADA is 5–9%.

 is a decentralized open-source cloud network that’s known for being low-cost, quick and efficient. 

 is the primary wallet supported by the Akash platform. Staking with Akash is simple and straightforward. Once you’ve purchased some AKT on BitMart or a similar exchange, all you need to do is choose the validator you’d like to stake your assets with.

You can then decide the amount of AKT you want to delegate. The AKT APY is currently set at 34.20%, which is among the highest around. However, the staking rewards don’t automatically compound. As such, it’s highly recommended that you manually withdraw your rewards and stake more coins on a regular basis if you want to take advantage of the high APY.

Staking your coins on a PoS blockchain network is a great way to earn passive income and generate high returns. These investments come with very little risk, and can pay dividends if you withdraw your rewards at the right time. With this guide in hand, you should have everything you need to begin the staking process.

Best Staking Coins With Most Potential for Maximum Passive Income

19 Best Staking Coins for Maximum Passive Income

A cryptocurrency ETF is a fund that consists of a number of cryptocurrencies or crypto futures that investors can purchase to immediately diversify their holdings.

When most people think of investing, stocks and bonds are likely to come to mind. Those who want to diversify their investments sometimes opt for purchasing shares of mutual funds or exchange-traded funds, better known as ETFs. These funds allow investors to buy a basket of stocks or bonds with a single purchase. ETFs trade more like individual stocks than mutual funds, which trade only at the end of the trading day. If you hold an ETF, you can buy or sell any time the market is open.

While stocks and bonds are two of the most popular investments people can make, there are others. Crypto investments in commodities such as Bitcoin or Ethereum are increasingly becoming a part of the financial landscape. As they do, the financial services industry has created a new type of fund, the cryptocurrency ETF, which is also commonly referred to as crypto ETF.

What Is a Cryptocurrency Exchange-Traded Fund (ETF)?

Unlike most ETFs, which track a basket of assets or an index, cryptocurrency ETFs consist of a number of cryptocurrencies, and track the price of one or more digital tokens. The share prices of the cryptocurrency ETFs will fluctuate on a daily basis according to the sales and purchases made by investors. 

Learn everything about

Cryptocurrency & Trading

Browse popular categories