Best wallets to stake cryptocurrency
crypto currency staking is becoming famous day by day among crypto investors, lovers and enthusiastics
The reason behind this craze is it lets holders and investors earn daily and get a passive earning daily
In order to earn passive from crypto staking users needs to buy some crypto that allows to stake them and also a pool or wallet that gives you option to stake the crypto under block chain
What is crypto Staking?
staking is a process were a coin holder can earn passive just by locking the coins for a certain period of time and earn interest in return for holding the coin on the block chain network of the project
The staking process is also known as POS( Proof of stake)
There are various type of staking method such as Proof of stake (POS) Delegated proof of stake ( DPOS)
In DPOs you have to hold and lock the coin/ token under block chain and have to support a delegative by voting them thru block chain
In return you can earn rewards for supporting them without spending or losing any money
This makes the staking process so favorite and loving among the crypto investors and crypto enthusiastics
Staking in crypto wallets
There are various ways to stake crypto currency thru pool and wallets
Staking under a pool needs a lots of IT knowledge to setup and maintain. You need to monitor the whole process under your radar
This makes crypto wallet staking more friendly and famous
There are alot of wallets that support the POS( Proof of stake)algorithm
Crypto investors can just hold their favorite staking coin on the wallet and lock a certain amount of coin on the block chain network for a limited time and earn rewards in return
Exodus - Multi currency wallet
Exodus is a multiple currency crypto wallet that supports you to hold crypto and earn staking rewards
Exodus allows its user to stake crypto on the wallet thru the staking option available on the wallet
The wallet sends the coin staked by the user to its network and do all the technical work behalf of the users
Currently Exodus supports Neo and ontology coin staking on its platform but more coins will be added on the staking option in the future.
Atomic wallet - Multi crypto wallet
Atomic wallet is great crypto currency wallet that supports alot of coins and token on its platform
The wallet is available on windows, linux, android and Ios platform
In order to stake crypto currency thru atomic wallet users needs to hold and send their desired staking coin or token on atomics staking wallet address
Then they have to set a period for how long they are willing to stake their favorite crypto
After the staking period gets expired users can withdraw the profit and also can sell them against fiat currency
As atomic wallet supports fiat gateway to buy and sell crypto currency with their credit/ debit card
Currently atomic wallet supports staking for tezos, ontology, neo, vechain and cosmos
Trust - Multi wallet and dapp browser
Trust wallet is one of the most secure and trusted crypto currency wallet available on the space
Trust wallet is currently available on both mobile platform Android and IOS platform
In order to stake users have to select the option staking platform dapp and have to select the coin they are willing to stake
By freezing or locking the coin on the staking dapp of trust wallet users can earn daily return
After the lock period ends users can withdraw the staking amount and also the profit at the same time
Trust wallet currently supports staking for tron, tezos, calisto, vechain, cosmos, algorand, Iotex and tomochain
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