3 Best Crypto Staking and Rewards Platforms of April 2024
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While cryptocurrency marketplaces have traditionally been focused on providing a place for people to buy and sell digital assets, many have introduced rewards programs designed to help people get additional value out of their holdings.
These programs vary in their specifics. Some reward people for "staking" their cryptocurrency, or using it to help verify transactions on the underlying blockchain network. Others offer lending programs in which people can earn interest on their assets by holding them on a platform.
This list considers exchanges that have been reviewed by NerdWallet and offer customers a way to use their cryptocurrencies to earn rewards. Detailed information on each platform's rewards program is included below.
When choosing an exchange for staking or rewards, factors to consider include the rates at which you can earn rewards, how often they're paid out, how easy it is to pull your holdings out of the program and the number of eligible cryptocurrencies. We also looked at key features for any exchange service, such as customer service options, website quality and mobile app ratings.
Before choosing a program, be sure to review the terms and technical aspects in detail to make sure you feel the rewards balance out the potential risks. Also keep in mind that state regulations on crypto staking and lending vary, so not all of these services may be available where you live.
And don't forget that centralized exchanges carry their own risks. Keeping your crypto in the custody of a third party can leave you vulnerable to losses if the company suffers a breach or financial collapse, as happened to FTX in the fall of 2022. Another option, which requires a bit more know-how, is staking crypto from your own wallet without having to trust a third party to do it for you. The scores below represent the platform's overall score, but the platforms on this list received the highest scores in staking categories.
While cryptocurrency marketplaces have traditionally been focused on providing a place for people to buy and sell digital assets, many have introduced rewards programs designed to help people get additional value out of their holdings.
These programs vary in their specifics. Some reward people for "staking" their cryptocurrency, or using it to help verify transactions on the underlying blockchain network. Others offer lending programs in which people can earn interest on their assets by holding them on a platform.
This list considers exchanges that have been reviewed by NerdWallet and offer customers a way to use their cryptocurrencies to earn rewards. Detailed information on each platform's rewards program is included below.
When choosing an exchange for staking or rewards, factors to consider include the rates at which you can earn rewards, how often they're paid out, how easy it is to pull your holdings out of the program and the number of eligible cryptocurrencies. We also looked at key features for any exchange service, such as customer service options, website quality and mobile app ratings.
Before choosing a program, be sure to review the terms and technical aspects in detail to make sure you feel the rewards balance out the potential risks. Also keep in mind that state regulations on crypto staking and lending vary, so not all of these services may be available where you live.
And don't forget that centralized exchanges carry their own risks. Keeping your crypto in the custody of a third party can leave you vulnerable to losses if the company suffers a breach or financial collapse, as happened to FTX in the fall of 2022. Another option, which requires a bit more know-how, is staking crypto from your own wallet without having to trust a third party to do it for you. The scores below represent the platform's overall score, but the platforms on this list received the highest scores in staking categories.
Best Crypto Staking and Rewards Platforms
| Broker | NerdWallet rating | Fees | Account minimum | Promotion | Learn more |
|---|---|---|---|---|---|
 Coinbase Learn more on Coinbase's website | Best for crypto platforms | 0% - varies by type of transaction; other fees may apply | $0 | Get $200 in crypto when you sign up. Terms Apply. | Learn more on Coinbase's website |
 Binance.US | Best for crypto platforms | 0%- depending on payment method | $0 | None no promotion available at this time | Read review |
 Crypto.com | Best for crypto platforms | 0%- Varies by type of transaction; other fees may apply | $0 | None no promotion available at this time | Read review |
Our pick for
crypto platforms
0% - 3.99%
varies by type of transaction; other fees may apply
$0
Get $200 in crypto
when you sign up. Terms Apply.
Pros
Offers access to more than 200 cryptocurrencies.
Low minimum to fund account.
Quick crypto withdrawals.
Cons
Higher fees than other cryptocurrency exchanges.
Why We Like It
Coinbase is the largest U.S.-based cryptocurrency exchange, trading more than 200 cryptocurrencies. Its fees, however, can be confusing and higher than some competitors.
Want to compare more options? Here are our other top picks:
Last updated on March 29, 2024
Methodology
How do we review cryptocurrency platforms?
NerdWallet’s comprehensive review process evaluates and ranks platforms and companies that allow U.S. customers to buy and/or sell cryptocurrency. Our aim is to provide an independent assessment of providers to help arm you with information to make sound, informed judgements on which ones will best meet your needs. We adhere to strict guidelines for editorial integrity.
We collect data directly from providers through detailed questionnaires, and conduct first-hand testing and observation through provider demonstrations. The questionnaire answers, combined with demonstrations, interviews of personnel at the providers and our specialists’ hands-on research, fuel our proprietary assessment process that scores each provider’s performance across more than 20 factors. The final output produces star ratings from poor (one star) to excellent (five stars).
For more details about the categories considered when rating brokers and our process, read our full methodology.
To recap our selections...
NerdWallet's Best Crypto Staking and Rewards Platforms of April 2024
- Coinbase: Best for crypto platforms
- Binance.US: Best for crypto platforms
- Crypto.com: Best for crypto platforms
