Let’s talk about the best proof of stake coins 2021 today! Cryptocurrencies that are based on blockchain are not just popular among the investors but they are also helping to pass the solution of complex problems for the community. Before we dive into the article let us just clear you what is the true meaning of staking. It is a kind of process where anyone with a minimum required balance of cryptocurrency can hold on different wallets and exchanges and can earn staking rewards by doing nothing.
What is PoS?
Proof of stake AKA PoS is a concept that states that any person who holds crypto coins can validate or mine blockchain transactions. It depends on how many coins the investors hold at the time of the transaction. It means that the more proof of stake coins a miner hold, the more mining power he will hold. POS was basically created as an alternative to the proof of work (PoW).
That’s enough of the background check. I think now is time to move onto our picks of best coins to stake in 2020. This list will ideally allow you to determine where the crypto-assets can better be kept and receive staking rewards.
Best proof of stake (PoS) Coin List 2021
1. NEO
Formerly known as Antshares, NEO is an open network for the smart economy. It is often called Ethereum Killer or sometimes the Chinese version of Ethereum. NEO is china’s first decentralized open-source crypto and blockchain platform. Despite having its own currency called NEO cryptocurrency it has one more token on its branch called GAS or ANC-Altcoins.
You can stake your GAS token on the NEO wallet for a handsome return and like other POS cryptos, it does not require you to open your staking wallet all the time. NEO provides its users with a wide range of decentralized applications. The network has mushroomed with digital identities such as fingerprints, facial recognition, and voice recognition.
By holding your NEO on the Binance exchange, you can get a reward of approximately 1.95% with a monthly and Yearly earnings of 0.0016 NEO and 0.0195 NEO respectively by holding 1 NEO. You can also stake your NEO on one of the most famous wallets i.e. Guarda Wallet and Atomic Wallet. Both the Wallets support the staking of NEO. The total reward rate of both wallets is 1.95% with 0% fees.
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2. Tezos (XTZ)
It can be considered as one of the best staking cryptos when it comes to the yearly interest. Tezos is the new and most famous blockchain project from the Tezos blockchain. With an incredible rise of $232 million during the ICO, it could imagine that the crypto got some power to hold.
The crypto is open participation for the public with a long term upgradeability. Tezos offers smart contact technology. Tezos has some unique and amazing features. It provides modern blockchain with innovation and many features such as LPOS.
It is very easy to stake Tezos. The staking fees of Tezos on Binance is 0%, Where Coinbase is taking 25% of staking you do with them. There are two ways on Binance where you can stake you Tezos. You can either bake your Tezos with an annual reward of 6.20% or you can delegate Tezos with an annual Reward of 5.50%. The same percentage reward goes to Guarda Wallet when it comes to staking your coin.
3. DASH
DASH is a popular digital cash cryptocurrency. When it comes to implementing the proof of stake consensus mechanism on a foundation basis, it holds the origin. It’s the unique bitcoin base cryptocurrency with extra privacy and fast transactional features just like InstantSand and PrivateSand. This crypto recognizes itself as a decentralized electronic currency on a peer to peer basis and aims to be as transparent as actual cash that we use in real life like GBP/USD/INR or EUR.
You can earn dividends through running a master node by holding your DASH. But to run a master node, you need an average of 1000 DASH units, and 1 Unit costs you an approximation of $300 in price. That a big game though!
If you have a significant amount of DASH units, you can stake them famous crypto wallets like Guarda wallet, atomic wallet, and Ledger wallet with an annual reward of 5.72% with yearly earnings of 57.2474 DASH by holding 1,000 DASH units. Binance and Coinbase also support the staking of DASH with an annual reward rate of 5.72%
4. QTUM
QTUM is a cryptocurrency open-source network created and persisted by the QTUM project. This is a decentralized blockchain technology network which can operate smart contracts with proof of stake authorization through virtual machines. It is the hybrid of Ethereum and bitcoin which still has its POS dimension. QTUM is a kind of blend of both blockchains, takes the best parts of both the blockchains, and gives us the best mixture of both of them in the real world.
It is as strong technologically as any other network on the market. QTUM is focused on two of the world’s most popular cryptocurrencies. It also offers its customers the tools provided by Bitcoin and Ethereum to boost them! To run the Ethereum smart contracts on QTUM, it uses Ethereum virtual machines. This is an incredible functionality of the coin. Ethereum decentralized application can also be ported to QTUM with the help of the strongest developer community of the Ethereum network.
Want to know how to stake QTUM? Well, you can earn an annual reward of 6.00% by staking your coin on Binance and Coinbase exchange. Various other wallets like the atomic wallet and Guarda also support the staking of QTUM with an annual reward of 6% with no fees.
5. CUTcoin (CUT)
CUTcoin is a very ambitious project but the simplest way to describe it is to say that it’s simply digital cash. It acquired this quality by having the advanced and real-life tested encryption protection incorporated in its blockchain (including RingCT, Bulletproofs, and so on) so that every transaction done on the platform can be regarded as a digital cash transaction. Wallet balances, transaction amount, sender, and receiver are private by default on the blockchain. It’s a privacy cryptocurrency but unlike Monero (it’s used some Monero cryptography), it’s built on eco-friendly Proof of Stake consensus.
CUTcoin’s Proof of Stake consensus is the first in history to keep the total amount of coins even in staking wallets completely concealed. It’s a default state that protects the financial privacy of its users as their basic human right. Users can buy any amount of CUT and stake it immediately, in their wallet or through CUTcoin’s Staking pool and earn interest on their stake, which is currently around 25% per year, credited daily.
6. Cosmos (ATOM)
Cosmos (ATOM) considers itself the most individualized, decentralized, efficient, and interoperable blockchain platform. This is a decentralized network of Tendermint and Byzantine fault sensitive algorithms operated by decentralized blockchains.
It uses a DPoS, where delegators and validators operate. A method called delegated proof of stake (DPoS). The delegates must determine which validators should be engaged and the validators must verify transactions and add new chains. All parties can receive staking bonuses currently paying in ATOM but may use the token of any blockchain added to the network.
Cosmos is still a very popular project and ATOM is currently the 25th biggest market capitalization cryptocurrency in the world. The cryptocurrency is fantastic, so if the dream for the “World of Blockchain” can be executed effectively, staking rewards can be paid in a variety of other cryptocurrencies. It is currently standing an annual reward of 8.32% on both Coinbase and Binance exchanges. It can also be staked with the same average of annual reward in Atomic Wallet and Ledger Live.
7. PIVX
Can be abbreviated as Private Instant Verification Transaction, PIVX is a cryptocurrency that mainly focuses on security and privacy while you make a transaction. It was dissolved from the DASH in early 2016 and is a fully functioning POS currency, allowing its consumers to deposit coins with a fair return on the blockchain. Another noteworthy thing is that it’s a good low-entry barrier, and you can stake any amount and there is no limit on it.
There is another way to earn through PIVX by running the units of approx. 10,000 units on the master node. It offers a 5% total return on your investment. This a big opportunity for those who have a significant amount of PIVX units by staking the units on the master node right now.
You can set-up your master node or you can stake your coin on different wallets and exchanges. You can neither stake your coins on Binance and Coinbase nor can you either put them on different wallets like Ledger Live, Atomic Wallet, and Guarda Wallet. There are 3 easy ways through which you can stake your coin on these above-mentioned wallets and exchanges. Have a look!
8. Lisk (LSK)
A blockchain-based LISK framework helps anyone to build decentralized apps (DApps) on their network. It provides developers, investors, and project designers the ability to build side chains. Sidechains are the apps where the base of the app is built on the Lisk blockchain. Lisk is has a very user-friendly interface that is based on JavaScript. Lisk is accessible from Bit-Z, OKEx, Kucoin, for staking purposes.
LSK or Lisk coin is the currency name of the Lisk, which is primarily used in the decentralized applications on the Lisk main chain itself. Talking about bitcoin and others, it is not a currency like that where it could be used by merchants as a payment gateway, but it is used as a currency for developers who use the network or wish to use.
You can stake your Lisk coin on different exchange and wallets like Coinbase and Atomic Wallet with a percentage of the annual reward of 1.61% by using vote for delegates or by running a delegate node with an Annual Reward of 5.24%
9. Stellar (XLM)
Stellar is a shared network that enables people to transfer assets worldwide efficiently, quickly, and comfortably. It is designed to link banks, payments networks, and citizens and helps you “speedily, efficiently and for fractions of a centaur,” to transfer money across borders. Briefly, it wishes for faster, easier, and smoother cross-border transfers than it does with the current bank and transfer systems.
Stellar is both a distributed payment network that focuses on simple and affordable transfers across borders and also a forum to host ICOs. The Stellar network was founded in 2014 and has a digital currency of its own, named the Lumen (XLM), which is very important for allowing foreign transfers and for quick transactions between different currencies.
You can store Lumen XLM in a range of wallets and exchanges including the Ledger live wallet, on Coinbase exchange, and Binance exchange. You can vote for a staking pool on the above-mentioned exchanges and wallets by getting an annual reward of 1%. This means that by investing 1,000 XLM units you can get yearly earnings of 10 XLM.
10. Ontology (ONT/ONG)
Ontology is a blockchain network built to support other blockchains, both public and private so that businesses can take advantage of their technological advancements. It provides companies the ability to either save data privately or publicly through the ONT blockchain targeting businesses. Da HongFei and Erik Zhang co-founded the company, and are the founders of the NEO blockchain.
There are two tokens on the Ontology platform: ONT and NGO tokens. These two tokens have different functionality. You can buy ONT on common cryptocurrency exchanges including Binance, Huobi, OKEx, Bibox, etc. The ONT token cannot, however, be purchased with fiat, and before exchanging it with ONT, fiat must be converted to a known crypto coin.
There are different cryptocurrency exchanges and wallets where you can stake your ONT coins and can earn a part by holding your coin on exchanges. Currently, Guarda wallet and Ledger Live wallet are supporting the ONT/ONG with an annual reward of 7.3% annual reward.
11. Algorand (ALGO)
Algorand a blockchain network built with its open, legitimate public blockchain to build a borderless economy. In other terms, Algorand needs an ecosystem that enables everybody to be active and productive. This model is based around the fundamental concepts of usability, instant transfers, simple usage and deployment, and performance.
Algorand’s protocol is designed to accelerate. Theoretically, by asserting blocks in only one round of voting the developers have achieved optimum performance. This enables the block to instantly finalized and significantly improves the network’s transactions per second. With a dramatic increase in speed, the mainnet can handle 1000 transactions per second with a delay of a maximum of 5 sec per transaction.
Though ALGO is categorized on Binance, The coin is part of many other markets, such as Huobi Global, OKEx, Coinbase Plus, and BitMEX. The investors can earn passive income via staking their crypto on Binance. You can stake you Algorand o Binance and can get up to 5.79% annual reward. It means that if you invest a minimum of 1 ALOG, you can earn 0.0579 ALOG by the end of the Year.
12. VET (Vechain)
Vechain is one of the largest network ventures in the supply chain. The coin made into the list of best staking coins of 2020. Since their main-net debut, they get a lot of coverage. The mainnet launch saw their native VET tokens launched, with a growing influx across a range of exchanges. The use of blockchain technologies is an important turning point for VeChain. It has mainly focused on business applications. Starting in 2015 and is mainly based on logistics through supply chain management, including monitoring, quality assurance, inventory management, and much more. Mostly works towards enabling smart transactions, VET can be easily drawn comparison with NEO and Ethereum.
There are two coins that Vechain approaches VET and BTHO. The master node holds VTHO for the staking of VETs. BET is the fuel of the Vechain while Vet is the owner of the blockchain. Vechain makes staking more efficient and simple with a sleek mobile app.
The VET token is classified in a wide range of exchanges. This includes LAToken, OceanEx, and most importantly Binance. The volume of VET token on these exchanges is much higher than I have seen for other coins on market cap. There are 5 options through which you can stake your VET coin on Binance. Of them all, the most rewarding is by running an Authority node. You can earn an average of an annual reward of 3.17% by staking your VET coin. The lowest annual reward is 1.87% which is by holding Vechain.
13. Livepeer
It’s mainly a marketplace between the distributors of video streaming (the demand side) and the app developers. Developers can incorporate Livepeer onto their apps by installing its node, can run the Livepeer media server, and also can fund their account through Ethereum. So far, on Livepeer no more than 100 events have been broadcasted.
The project aims to increase the reliability of video while reducing the costs to scale them. They support p2p infrastructure secured by Ethereum blockchain that interacts through a marketplace. the token that Livepeer uses is LPT. When the new LPT is created, the total number of existing LPTs increases as a whole. This means that the value of your LPT will is decreasing compared to the network as a whole.
Currently, there are 2 options through which you can earn a passive profit. You can either Delegate Livepper by getting an annual reward of 21.92% on Binance or you can run a Transcoder Node, which can get you an annual reward of 24.36%. The same percentage of reward goes for Atomic wallet, as you can also stake your LPT on atomic wallet and Ledger Live.
14. TRON
Tron is a shared network platform intended to create a worldwide, open digital entertainment infrastructure using blockchain and distributed storage technologies. Any consumer can freely post, save, and own data via the protocol. Tron is a currency, in short, which rewards you for your content and is one of the foremost reasons for buying Tron.
It surged to its top ten in a brief span of one year propelled by massive investor and an energetic team headed by influential creator and CEO Justin Sun, becoming the 10TH biggest cryptocurrency by market capitalization. The biggest benefit of using Tron crypto is that you allow artists and content owners to own their work. Tron heads a campaign, which can be branded as the Third Internet by others. This may sound revolutionary, but it will utilize the Internet as originally intended
You can stake your TRON on one of the biggest names in wallets and exchanges named Binance, Ledger Live, and Atomic Wallet. There is one commonality in all of these exchanges and wallets. They all offer you the same percentage of reward by staking your coin. There are 3 different options and the most profitable is by Vote a super representative, which can earn you an annual reward of 3.34% with a fee of 20.00%. Other methods are by running a super representative candidate node with an annual reward of 3.02% and last but not the least by running a super representative node which can benefit you with an annual reward of 3.28%.
15. EOS
It is relatively considered as the most profitable proof of stake coin. Talking about the EOS.IO network protocol, EOS is the native cryptocurrency of this protocol. It was launched in 2017 and earned a whopping $4 billion in June 2018. The firm is a fairly young business. EOSIO promises to overcome the significant problems of Bitcoin and Ethereum. Those involve the development of an open and accessible framework for quicker, easier, and simplified decentralized applications.
Roughly, EOS has a market capitalization of nearly $2.5 billion, placing the coin on CoinMarketCap in the top 10. Two key methods can be used by a crypto trader or an investor to claim EOS tokens. One is by the mining of coins and the most common is the effective trading of crypto on different exchanges and wallets.
The coin is listed on the famous exchanges and Wallets that can be named as Binance, Guarda Wallet, Atomic Wallet, and Coinbase. You can earn a profit by staking your EOS through running a Block Producer with an annual reward of 1.74% or by running a standby Block Producer with an Annual Reward of 1.76%
Conclusion
POS currencies are certainly one of the smarter ways of earning passive income. And the entry barrier is low in many currencies to start. We think that 1% to 5% of free reward is not pretty awful at all if you do nothing and just have to keep your wallet open. There are many coins other than the above-mentioned proof of stake coin list, which are also profitable in so many ways.
As you can see there are a variety of coins and we have touched the best of them. But, remember, if you choose a coin, it should be based on more than just a stake return. We always try to deliver the authentic and strongest details about the blockchain and cryptocurrencies. We strongly appreciate all your suggestion and feedback, keep it coming so we can keep this article updated for years to come!
