Crypto Staking in India 2022: Crypto sitting idle in your Wallet? Well, now we Indians can stake cryptocurrencies and earn some extra income. You can earn crypto by staking your favourite coins in any Indian or International exchanges.
Here we will list the Best 7 Crypto Staking Platforms & Exchanges where you can park your digital assets securely from India and earn a good APY.
Where to Stake Crypto in India?
Crypto Staking in India can be a very easy and simple process if you know how and where to stake your cryptocurrency. First and foremost question that comes to your mind when staking cryptocurrency is, how secure is my crypto? Yes, as we get frequent news of crypto wallet hacking, this question can be a matter of concern while staking for higher return.
So, if you want to stake your cryptocurrencies securely, you have two options. These two options where you can choose your crypto currencies are –
- i) Decentralized Exchange,
- ii) Centralized Exchange.
Centralized exchange is more secure than the Decentralized Exchange and does provide staking for different type of coins. Whereas benefit of decentralized exchange is, you can stake your crypto with privacy.
Crypto Currency Staking Platforms – A way for Passive Income
To maximize passive income from your Digital Crypto assets, you can choose from a number of Centralized & Decentralized Exchanges. Also, there are a variety of platforms which offers interest for storing and lending your cryptocurrencies in their platforms.
Other than that, there are Proof of Stake (PoS) coins through which you can mine or validate block transactions based on the number of coins you hold. You can mine these coins by staking in platforms like Binance, CoinDCX etc. So, here are the list of best crypto staking platforms in India:
As of now, CoinDCX is the only popular Indian Exchange where you can stake your cryptocurrencies. If you don’t want to move your cryptocurrency to the Non-Indian Exchanges or platform, then you have only got a single option to stake your crypto. Also you can lend your crypto and earn interest income on them.
Create a CoinDCX Account here and go to Earn > Stake option to find various staking products.
You can stake ETH2 which gives your Annually 5% – 20% return or APY. There are other coins which you can stake such as EOS, TRX, NEO, ONE, QTUM, XTZ.
Pros & Cons:
Not all crypto currencies can be staked. Also, the APY is much lesser than the other international exchanges.
You can also Lend your cryptocurrency in CoinDCX. If you can’t find the option to stake your crypto then you can lend it and earn a good interest rate (ranging from 1-15%). However, the minimum lock-in period of lending is 7 days.
Binance is the most popular Crypto Exchange which offers staking and lending cryptocurrencies. It is worlds biggest crypto exchange and offers a good APY for staking cryptos.
You can easily Create a Binance Account and transfer or buy Crypto with INR.
Now, go to Earn > Staking.
There are two modes of staking – Locked Staking & DeFi Staking.
Choose the duration of staking. You can stake the crypto for 30, 60 or 90 days.
Now, you can stake your desired Crypto by clicking on the “Stake Now” button.
KuCoin is a Centralised exchange which offers staking various cryptocurrencies. Create a KuCoin Account for Free.
Then go to Finance > Pool-X Earn.
Here you can choose from different options and subscribe to them.
Also, lending cryptocurrencies is also possible in KuCoin which offers a good interest rate to the lender. The number of cryptocurrencies available for staking is higher than the other exchanges.
You can start your crypto earning journey by Creating a Celsius Account here and Earn up to 17% APY. There is no minimum balance required to start. You can start to earn with any amount of crypto.
The interest is paid weekly.
Interest rate on Stable coins such as TUSD, USDT, USDC, GUSD is extremely good.
If you choose to earn rewards in CEL token, then the APY becomes much higher.
BlockFi is basically an earning platform rather than staking platform.
You can earn 9.5% APY in crypto with a BlockFi Interest Account. BlockFi also allows you to borrow crypto against the assets you have.
The Interest accrues daily and is paid monthly in your interest account. You can also trade (Buy / Sell) your cryptocurrencies in BlockFi exchange.
Create a BlockFi Account here and choose from the multiple assets on your dashboard.
You can also earn with your Stable coins like USDT, DAI along with BTC, ETH, UNI, LTC etc.
Create a OKEx Account here and go to Finance > Earn.
You will have the option to choose between locked staking & flexible staking.
If you choose DeFi Staking, you will be rewarded bonus tokens.
Annual Percentage Yield (APY) is calculated based on both the interest and bonus tokens.
PancakeSwap.finance is a decentralized exchange where you can earn a much greater APY by being a liquidity provider.
You can also stake your CAKE token to earn rewards in various cryptocurrencies. The APR is around 43% in CAKE-BNB Liquidity Pool. Go to pancakeswap.finance > Earn > Farms to check the rates.
If you have CAKE tokens, go to Earn > Pools to stake them and get rewards in terms of various tokens.
All the platforms listed here have their own pro & cons. You can try parking your assets in these best crypto staking platforms available in India and earn a good APY with the idle cryptocurrencies lying in your Hardware / Software Wallets. We recommend you to try with different platforms and choose the suitable one based on your preferences.
Frequently Asked Questions
Yes, you can stake your digital crypto assets in India.
No there is no such rule that bans crypto staking in India.
Any Indian or international exchanges can be used while staking crypto.
You can stake crypto currencies in Decentralized & Centralized Exchanges.
CoinDCX, Binance, KuCoin are the platforms where crypto can be staked sitting from India.
Rimpa is the co-founder, editor and author of PSCWB.org.in Blog. She writes about career, technology, finance. She has been blogging for last 7 years.