Although we challenge the cryptocurrency market with great ambitions, there are many cases where the purchased cryptocurrencies end up sitting in the cryptocurrency wallet without doing anything. In this case, coin staking helps you earn stable profits without spending additional cash.
Through this guide, we will learn about the 14 best types of coin staking in 2024. We will also take an in-depth look at what coin staking is and what platform to use to use it.
Best Coin Staking Types in 2024
There are a lot of coins in the current market, and as a result of our research, we have compiled the following list of 14 good coin staking types.
- Sponge V2 (SPONGEV2) – A new version 2 of the popular memecoin Sponge token, introducing new P2E games and a stake-to-bridge mechanism.
- Bitcoin Minetrix (BTCMTX) – An innovative staking platform that allows you to participate in Bitcoin mining through staking, raised $100,000 in just a few hours of presale
- Meme Kombat (MK) – utility meme coin offering battle arena gaming and staking rewards
- TG.Casino – Telegram casino provides safe services through licensing, offers various rewards
- TETHER – a staking coin without market volatility
- Ethereum – Best Staking Coin for Long-Term Investors
- Cardano – The Best Eco-Friendly Staking Coin
- Uniswap – Best Decentralized Staking Coin
- Solana – Best Staking Coin for Long-Term Growth
- Polkadot – Staking coin using NPoS algorithm
- Polygon – Best Staking Coin for High APY
- Algorand – Best staking coin for the PPoS mechanism system
- Chainlink – A staking coin worth investing in blockchain interoperability
- The Graph – Best staking coin with high growth potential
Cryptocurrency is an investment product with no significant volatility and regulation.
As you progress through this guide, you will learn why these are important coins. Each has different charms, so please pay attention and read. Before starting, if you still lack an understanding of cryptocurrency, please refer to the following link:
A Closer Look At The Best Staking Tokens
Now, let’s take a look at the best types of coin staking from an investor’s perspective. Please pay attention to the characteristics of each coin and the platforms mentioned below.
1. SPONGEV2 – The popular memecoin returns with new P2E games and a unique staking mechanism.
Sponge Token is a meme coin that was released in May 2023 and gained enormous popularity. At the time, $SPONGE became a hot topic, rising 100 times after its launch and reaching a market capitalization of $100 million. Since then, it has been able to maintain a steady and solid community, with more than 11,500 holders and a market capitalization of more than $16 million. And this project recently launched the V2 token.
Considering that the Sponge Token community is still alive and well and that version 1 achieved significant results, many analysts expect the same performance to be achieved this time as well. This new version increases the number of tokens to 150 billion and introduces new P2E games and a unique staking mechanism.
First of all, the new $SPONGEV2 token has a unique way of earning it. This can be obtained by staking existing SPONGE tokens on the official website. For your information, the same amount of V2 tokens as the amount of SPONGE tokens staked will be paid as compensation, and if you maintain staking for the long term, additional rewards will be provided over 4 years.
New P2E games will be added in Sponge version 2. This will be a racing game featuring SpongeBob characters, and players will be able to earn additional $SPONGEV2 tokens as rewards by playing the game. A free mode will also be provided to encourage new user participation.
The version 1 token that was released first caused quite a stir when it was listed on various exchanges. This $SPONGEV2 token is also seeking listing on various exchanges, especially targeting larger and more famous exchanges such as Binance and OKX. If this goal is realized, it will have a significant positive impact on the token price.
As mentioned earlier, SPONGEV2 tokens can only be acquired through staking existing V1 tokens. Even if you do not have SPONGE V1 tokens right now, you can currently purchase them through the official website. You can use ETH, USDT, and bank cards to purchase tokens.
Interested buyers can get the latest news through Sponge’s official Twitter and Telegram channels. Also, please refer to our Discord channel.
| Token total supply | 150 billion |
| blockchain | Ethereum Network |
| token type | ERC-20 |
| How to get it | $SPONGE Staking |
Cryptocurrency is an investment product with no significant volatility and regulation.
2. Bitcoin Minetrix (BTCMTX) – An innovative staking platform that allows you to participate in Bitcoin mining through staking, raised $100,000 in just a few hours of presale
Bitcoin Minetrix (BTCMTX) is a new project that is attracting great attention by introducing the world’s first stake-to-mine concept. This project has raised over $100,000 as soon as pre-sale began, proving strong interest from investors.
This project provides investors with an easy way to participate in Bitcoin mining. This process is greener, cheaper, and safer than traditional cloud mining.
Bitcoin mining promises huge profits, but it also requires expensive equipment and electricity bills. And because of the large space required for equipment installation and the problems of heat and noise, it has been considered very difficult for ordinary individuals to directly mine Bitcoin. Additionally, because it has negative environmental impacts, Bitcoin has always been the subject of great criticism.
Meanwhile, Bitcoin Minetrix has unveiled an innovative solution. Bitcoin Minetrix allows users to participate in Bitcoin mining by staking BTCMTX tokens. To elaborate a little more, by staking tokens users earn mining credits. And by burning this, you gain BTC mining power. Thanks to this, users can participate in mining without the need for special equipment or software, as long as they know how to purchase and stake BTCMTX tokens.
The platform also provides a clean dashboard, allowing users to view their rewards and mining credit status at a glance. Additionally, a mobile app will be released in the future, making it possible to use the platform at any time.
The total supply of BTCMTX tokens is 4 billion, and 2.8 billion are currently being sold in presale. The pre-sale consists of a total of 10 stages, and the price will increase slightly at each stage. The current price is $0.011, making it possible to invest very cheaply.
In this way, by using Bitcoin Minetrix, it is possible to avoid scams prevalent in the cloud mining industry and participate in mining safely and inexpensively. The latest information about Bitcoin Minetrix can be found on the official Telegram or Twitter (X).
| hard cap | $32 million |
| total supply | 4 billion |
| Pre-sale quantity | 2.8 billion |
| blockchain | Ethereum Network |
| token type | ERC-20 |
| Minimum purchase | $10 |
| purchase token | USDT, ETH, BNB |
Cryptocurrency is an investment product with no significant volatility and regulation.
3. Meme Kombat – utility meme coin offering battle arena games and staking rewards
The best staking platform to introduce this time is Meme Kombat (MK). Although this is a meme project, it offers a small total supply, staking rewards, and battle games that are not found in regular meme coins.
In particular, this project leverages blockchain technology to gather popular memes and games in one place. In the Battle Arena, users can enjoy various battles by using the MK tokens they have staked. Here, familiar meme characters (SpongeBob, Pepe, etc.) appear and compete against each other.
Battle Arena is essentially a P2E game and comes with a variety of game modes such as player versus player and player versus game. Currently, MK tokens are selling for $1.667 in the presale and are automatically staked upon purchase. If you participate in purchases today, you can enjoy an APY of up to 112%.
According to the Meme Kombat whitepaper, the platform will launch in late Q3 2023, with Battle Arena launching at the same time. Please note that this game is played on a seasonal basis. Accordingly, new game modes and reward opportunities will be added each season.
Interestingly, the total supply of Meme Kombat is relatively small at 12 million. Additionally, there is no allocation at all for the development team. And this project is transparently disclosing the identity and history of the development team.
Currently, half of the total supply is being sold in the pre-sale, with 30% being offered as staking and battle rewards. The hard cap for presale is $10 million. 10% of tokens will be invested as community rewards, and the remaining 10% will be allocated to the DEX exchange.
The latest information about this project can be found on our Telegram channel. Also, see the white paper for more information.
| hard cap | $10 million |
| total supply | 12 million |
| Pre-sale quantity | 6 million |
| blockchain | Ethereum Network |
| token type | ERC-20 |
| Minimum purchase | $10 |
| how to purchase | USDT, ETH, BNB |
Cryptocurrency is an investment product with no significant volatility and regulation.
4. TG.Casino – Telegram casino that provides safe services through licensing, offers various rewards
TG.Casino is a new coin casino platform that was recently released. It is fully licensed and can be accessed via Telegram. TG.Casino utilizes Telegram’s strong security infrastructure and supports easy cryptocurrency deposits and withdrawals.
Anyone with a Telegram account can easily play TG.Casino, and no KYC verification is required. The native token, TGC, is used to enjoy exclusive games and provides various benefits to token holders within the ecosystem.
Token holders can also stake TGC, and the current APY is over 3000%. The total supply of TGC tokens is 100 million, and 40 million are currently being sold in presale. The response to the pre-sale has been enthusiastic, and in fact, more than $150,000 has been raised in one day, with a whopping 1 million coins staked in the ecosystem.
Users can also benefit from TG.Casino’s buyback and burn mechanism. This casino platform plans to use a portion of its profits to buy back TGC tokens. Here, 40% will be burned, and the remainder will be paid out as rewards through the staking pool. Additionally, 20% of the total token supply will be reserved for staking bonuses, and the remaining 10% will be allocated as player rewards and bonuses.
If you invest $5,000 or more in the presale, you will receive a free NFT and rewards after launch. And TG.Casino will offer a variety of games as well as a sportsbook.
TG.Casino especially offers a 150% welcome bonus and 500 free spins to new users. The latest news about this project can be found on the official Telegram channel.
| hard cap | $5 million |
| total supply | 1 million |
| Pre-sale quantity | 40 million |
| blockchain | Ethereum Network |
| token type | ERC-20 |
| Minimum purchase | $10 |
| how to purchase | USDT, ETH, BNB |
Cryptocurrency is an investment product with no significant volatility and regulation.
5. TETHER – Staking coin without market volatility
One of the best things about staking coins is that they give you the opportunity to generate passive income. However, for some investors, the high price volatility due to the nature of cryptocurrency may be somewhat burdensome. If you have these concerns, Tether may be your best option. This is because the value of Tether is always pegged to the US dollar.
Simply put, Tether will theoretically always be worth $1. However, there is no guarantee that this will really always be the case. Terra Luna is a good example. As you probably know, Terra, known as a stablecoin, caused great controversy in 2022 when it lost its $1 hold and experienced a huge plunge.
Nonetheless, Tether USDT is one of the most popular tokens in the entire coin market today, and in fact, ranks third among cryptocurrencies by market capitalization ($82 billion). In other words, it is the second largest cryptocurrency after Bitcoin and Ethereum.
Tether is having quite a bit of fun in 2023 recently, due to the ongoing banking crisis and issues with other stablecoins (e.g. USDC depeg, Binance regulatory issues). In particular, the market capitalization rose 22.8%, almost reaching an all-time high. Currently, USDT accounts for about 60% of the stablecoin market.
6. Ethereum – Best staking coin for long-term investors
Ethereum’s ecosystem continues to grow rapidly, attracting both developers and investors. However, because proof-of-work consensus was used previously, it had to require enormous computer energy and a lot of time to verify transactions. In other words, it required complicated work to use.
However, following a recent upgrade, Ethereum has switched to a Proof of Stake mechanism. The Proof-of-Stake mechanism has become more convenient to use by reducing the use of traditional computers, making Ethereum one of the best staking tokens to consider for generating passive income. In fact, it is generally known that the requirements for starting Ethereum directly are somewhat strict. Because you need to raise at least 32 ETH coins.
On the other hand, there is also an alternative to storing your Ethereum coins in a staking pool. Simply put, this means lending your tokens to other validators for their use. This will eliminate the need to commit large amounts of ETH. Please note that the amount you are paid will depend on the staking platform you choose and the coin lock-up period.
7. Cardano – The Best Eco-Friendly Staking Coin
Cardano is the most well-known proof-of-stake cryptocurrency today, with a strong focus on scalability and the environment. Recently, excessive energy waste related to Bitcoin mining has become a hot topic. Cardano introduces itself as an eco-friendly coin in this section. This is possible because we chose proof-of-stake, which consumes less electricity than proof-of-work, and thanks to this, more suppliers are working with Cardano.
Since Cardano entered the cryptocurrency market, it has achieved outstanding performance, generating more than 4,500% in value. Moreover, with the launch of its own smart contract facility, Cardano is expected to see even greater growth.
Due to its growing reputation, you will easily find Cardano on major platforms (Crypto.com). Also, please note that interest rates vary from company to company.
8. Uniswap – Best Decentralized Staking Coin
Uniswap is also a good decentralized staking coin. In fact, on the Ethereum network, Uniswap accounts for about 25% of daily trading volume. Especially in its latest version, V3, it has succeeded in lowering transaction fees even further, making it one of the most popular cryptocurrencies in 2022.
When it comes to staking, Uniswap is highly preferred by passive cryptocurrency investors. In addition, Uniswap is known to be very undervalued compared to its great potential, and by investing in it, you will be able to make great profits along with the increase in the value of UNI Coin.
If you own UNI coins, you can earn rewards by staking them in Uniswap’s liquidity pool or storing your tokens on platforms like Crypto.com. Users must keep their assets locked while staking on the Uniswap network, but can also retrieve UNI tokens whenever needed through third-party service providers.
9. Solana – Best Staking Coin for Long-Term Growth
Solana is a DeFi token designed with scalability in mind. This blockchain boosted market performance in 2021 with its fast transactions and low fees. The price of Solana rose from about $18 to over $100 in one year. It’s huge, right?
In fact, although Solana’s value dropped in early 2022, the coin is maintaining momentum among developers. By staking this cryptocurrency asset, you can expect annual returns of 7-11% depending on the platform you choose.
Solana tokens can be added to a wallet that supports staking, or deposited into a cryptocurrency interest account (available at Crypto.com, etc.). Solana can be purchased on platforms such as Crypto.com.
10. Polkadot – Staking coin using NPoS algorithm
Unlike existing proof-of-stake (PoS) consensus, Polkadot is based on a nominated proof-of-stake (PoS) mechanism. In this system, nominators end up endorsing multiple validators to show their belief in their actions. Therefore, choosing a malicious validator is likely to result in losses.
However, becoming a Polkadot delegate is cumbersome and entails unfavorable requirements. Therefore, many investors either become nominees or deposit their assets into staking pools. In addition, Polkadot also provides unique token rewards, which are rewards provided in proportion to the work, not the staking size.
On platforms like Crypto.com, you can earn up to 14.5% APY with Polkadot. Polkadot also has strong growth potential because it allows developers to link blockchains and create new protocols.
11. Polygon – Best Staking Coin for High APY
Polygon is a cryptocurrency developed as a means to add scalability to Ethereum. This blockchain provides Ethereum-based application compatibility to facilitate interconnection. This makes this digital coin a good option for long-term investment. Polygon has seen its token price rise by more than 350% over the past year. Therefore, this year is a good time to enjoy interest income with MATIC.
Polygon is one of the best staking coins preferred by validators. You only need one MATIC token to participate in the network, and you can stake as little as two. If you don’t want to become a validator yourself, you can also use platforms like Crypto.com to make good money with polygons.
As of this writing, Crypto.com is offering a high APY of 10% to those who hold Polygon tokens for 3 months. Of course, this may vary depending on the lock-up period and whether CRO tokens (Crypto.com tokens) are staked.
12. Algorand – Best staking coin for PPoS mechanism system
Most of the staking coins we have covered so far follow the existing proof-of-stake agreement. Algorand, on the other hand, goes one step further and uses a pure Proof-of-Stake (PoS) system to increase efficiency. As a result, the Algorand blockchain does not fork but still allows for instantaneous transactions.
ALGO in particular is considered one of the best trading coins due to its very low requirements for validators. You only need one ALGO token to stake here. This means that you can find several staking pools for this asset, but on the other hand, finding a platform with good terms may seem a bit difficult.
Your total profits will vary depending on the staking platform you choose. If you purchase Algorand and hold the tokens in an interest-earning account, you can expect annual returns in the range of 3-10% of your total investment.
13. Chainlink – A staking coin worth investing in blockchain interoperability
Chainlink is currently considered one of the best cryptocurrencies to invest in. It serves to connect blockchain and real-world data. Chainlink offers numerous integrations and partnerships, making it one of the most advanced Oracle systems available.
Although staking is not yet supported on the Chainlink network, you can earn money by depositing this cryptocurrency on third-party platforms.
If you buy Chainlink and decide to hold the coins long-term while waiting for your capital to rise, you can invest those assets in a cryptocurrency interest account and earn up to 9% APY, depending on the platform.
14. The Graph – Best staking coin with high growth potential
The Graph is a new cryptocurrency that aims to create a blockchain index system. This allows easy access to data on the blockchain. This can also increase blockchain efficiency by moving unnecessary data to off-chain protocols.
The Graph, launched in late 2021, has the opportunity to increase in value in the long term. This coin is still popular on exchanges. You can purchase TheGraph at a low price through the Crypto.com platform.
Since this blockchain utilizes a proof-of-stake mechanism, it can be staked on various prominent platforms.
Where should I do staking?
As explained above, there are a variety of platforms that allow you to generate passive income by staking your coins. In fact, there are so many platforms that it can be difficult to know where to start. To successfully generate profits, we introduce the most popular cryptocurrency platforms.
OKX – The best cryptocurrency staking platform for the highest interest rates
OKEx was launched in 2017 and has emerged as one of the best cryptocurrency exchanges globally. In fact, OKEx has formed an entire ecosystem that supports a variety of cryptocurrency-related services, including loans, interest accounts, trading, credit cards, and more. You can also purchase over 350 digital assets at affordable prices through an easy-to-use interface.
It also supports easy payment through the app and can be easily used in Korea.
OKEx allows you to stake about 50 digital assets. Most of the best staking coins we have already mentioned are also included here. Once tokens are deposited into this account, OKEx will use the funds to lend to other verified users.
These borrowers repay their loans with interest, which is paid out to users daily. OKEx also offers you the opportunity to advance your long-term interests with this interest. As with other platforms, this will depend on your coins and the lock-up period you choose.
For example, if you buy $1,000 of Ethereum and choose to hold the tokens in an interest account for 3 months, you will receive 5.5% APY.
On the other hand, if you execute the same conditions on Polkadot, you will receive 10%. Flexible plans are also available, but these will result in lower interest rates. Additionally, by owning OKX’s own digital token, OKB, you can receive additional benefits.
Advantages:
- Supports 50 available staking coins
- Various annual interest rates are available
AQRU – The Best Cryptocurrency Staking Platform
If you’re new to the concept of cryptocurrency staking, AQRU’s simple and straightforward interface will catch your eye. This cryptocurrency lending platform offers a very user-friendly means to start earning passive income from your digital assets.
Basically, the interface is very simple. There is no need to know difficult technical aspects or study complex jargon, and since a mobile app is also provided, you can easily trade from anywhere. With AQRU, you can earn an APY of 7% on Ethereum, making it one of the best staking tokens mentioned in this guide.
We also support cryptocurrency interest accounts and offer the same APY. You can also earn up to 12% per year on stablecoins (Tether, USD Coin, Dai, etc.). The rates offered are very competitive.
AQRU conducts a thorough audit of your resources and assets. Only after that, digital assets are lent out to borrowers, providing users with a high rate of return. You can also manage your earnings and withdraw them daily directly from your convenient dashboard.
When withdrawing, you have the option to choose between cryptocurrency and fiat currency. Best of all, there is no lockout period. This means you can withdraw your digital coins whenever you want.
However, there are a few things to note. You must deposit at least $100 to open an account. Also, although you will not be charged a deposit fee, you will have to pay the equivalent of $20 when you withdraw your money. Moreover, the platform only supports five digital assets.
| Staking Coins Available | Bitcoin, Ethereum, Tether, USD Coin, Dai |
| Staking rewards for each cryptocurrency | ? BTC, ETH – 7%
? Stablecoins (USDT, USDC, DAI) – 12% |
| Minimum & Maximum Fixed Amount | Minimum $100; no limits |
| lockout period | Withdrawal is possible at any time |
| Payment Frequency | everyday |
Advantages:
- offer high-interest rates
- Generate passive revenue with cryptocurrencies and stablecoins
- Both cryptocurrency and fiat currency can be withdrawn
Disadvantage:
- There is a limit to the number of supported cryptocurrencies
What is a staking coin?
In the volatile cryptocurrency market, staking is like saving money at a bank. This involves earning interest by depositing digital assets into a third-party platform that facilitates staking. Thanks to this, instead of simply holding cryptocurrency and doing nothing, you can generate profits through interest.
Here is a simple example of how to earn rewards through staking:
- You decide to stake Ethereum.
- The Ethereum staking stake on your chosen staking platform is 10%.
- You decide to stake $1,000 worth of ETH tokens for 6 months.
- This means that when you complete one year, you will receive a reward of $100.
- Over a 6-month period, $50 is converted into profit.
Please note that profits are paid out in ETH tokens. Additionally, the value of Ethereum may increase during the sale of shares, which will yield additional profits.
As you can see, staking can be an incredibly easy way to generate passive income, especially considering the high-interest rates offered on cryptocurrency assets.
Benefits of Staking Coins
If you’ve read our guide so far, you’ll know that staking is very advantageous. To shed more light on this topic, let’s summarize the benefits of staking:
- Cryptocurrency staking allows you to earn money on digital assets that may otherwise sit idle in your wallet.
- You can save your digital coins when returning them.
- Currently, many investors are also considering staking as a means of insurance against falling cryptocurrency prices.
In other words, when you stake cryptocurrency, you generate profits regardless of the performance of the digital asset. Additionally, if you don’t lock your coins, you can retrieve them and cash them out at any time.
How to choose the best staking cryptocurrency?
When considering which cryptocurrency is suitable for staking, it doesn’t necessarily depend on high APY. If you are wondering which option is the best coin for you, here are some tips:
Lockout period
Perhaps one of the first things to consider is whether you will have to lock in the stake you have chosen for a certain period of time in order to receive a reward.
Your best bet is to choose a flexible plan so you always have access to your digital assets. While fixed plans offer higher APYs, they may not allow you to take advantage of suddenly volatile market opportunities.
Fixed supply
Cryptocurrencies with limited circulation can also boost market demand. This can be a characteristic worth considering when choosing a good staking coin (especially if the token shows upside potential).
This follows the basic concept of supply and demand. This means that if there is a limited number of digital tokens available, demand could potentially increase, which could push prices up and thus result in staking rewards.
Note that many digital assets, including Chainlink, Algorand, and Uniswap, among the staking coins we’ve highlighted here, have limited supply.
Coin usefulness
As mentioned earlier, you too can benefit if the value of your staking coins increases. Therefore, you should diligently research which cryptocurrencies have the potential to grow.
If a particular digital coin has a variety of applications in the real world, it may be well-positioned to gain more value in the coming years. And as such, the cryptocurrency will continue to attract both demand and price increases.
By the same token, even if your APY is relatively low, you will still be able to generate returns through capital appreciation.
How to Participate in the BTCETF Presale
You can participate in the BTCETF pre-sale through the following procedures.
Step 1: Download your cryptocurrency wallet
BTCETF is currently only available for purchase through the pre-sale page. Therefore, buyers must connect their cryptocurrency wallet to the presale website to purchase.
MetaMask or Trust Wallet is a safe cryptocurrency wallet that even beginners can use for free and easily. In this guide, we will use MetaMask. Download the MetaMask browser extension or mobile app and create an account with a strong password.
Step 2: Purchase tokens
BTCETF tokens can be purchased with ETH, USDT, BNB, and MATIC. Using MetaMask, it is also possible to purchase coins directly from the dashboard through third-party vendors. Alternatively, you can easily find these coins on the best cryptocurrency exchanges.
When purchasing BTCETF tokens, a gas fee of approximately 0.015 ETH may be required, so we recommend that you prepare plenty. Additionally, since MetaMask’s default blockchain setting is Ethereum, ETH is recommended for beginners. ETH can also be purchased with a card on the Bitcoin ETF Token website.
Step 3: Connect your wallet to the website
Now go to the Bitcoin ETF Token website and click on the ‘Connect Wallet’ button. A new connection window will then pop up, follow the instructions to connect your wallet.
Once the connection is complete, the page will look slightly different and you will see the options ‘Buy Now’ or ‘Buy & Stake’.
Step 4: Buy BTCETF tokens
BTCETF allows users to earn additional tokens by staking them as soon as they purchase them. To do this, select ‘Purchase and Staking’ and follow the on-screen instructions. When entering your purchase quantity, we recommend leaving a small amount to cover the gas fee. Transactions will be confirmed quickly depending on network conditions. If you do not wish to stake, select ‘Buy Now’.
Step 5: Receive tokens
Tokens cannot be received immediately after purchase. It will be kept on the website after the pre-sale ends and until the Token Generation Event (TGE) begins.
Once the pre-sale ends, the Bitcoin ETF Token team will announce the claim period via social media. Once token claims begin, return to the website, click ‘Claim Now’, and follow the instructions to receive tokens in your cryptocurrency wallet.
How to purchase staking coins on OKEx exchange
Even though many platforms support great features, they can still seem complicated to beginners. This time, we will go through step by step how to use the very easy and powerful OKX:
Step 1: Sign up for an account
Enter your email address and password, and click the ‘Sign up’ button at the bottom. Then, a verification code entry window will appear. Please enter the verification code you received by email here.
Step 2: Security settings (mobile authentication)
Click the ‘Security’ tab in your profile to set security settings. Please select Mobile verification. Select Location as Republic of Korea +82 and enter your mobile phone number. Then click ‘Get code’ to receive and enter the authentication number. When you have completed this procedure, click the Confirm button.
Step 3: Google OTP authentication
In your profile, select “Authenticator app” in the Security tab. Then a QR code will appear, download the Google OTP app separately and scan it. Enter the verification code according to the procedure and click Confirm.
Step 4: KYC identity verification
Click Verification in your profile. When you select Individual Account, a window for entering country and personal information will appear. Please enter information including Korea here. You can use your passport, driver’s license, or resident registration card as identification (ID). Once identity verification is complete, deposits and transactions can be made in earnest.
*Note: Additional photo authentication and video authentication are available, and the amount that can be withdrawn increases accordingly.
Step 5: Make a Deposit
There are various ways to make a deposit, but we will introduce the Upbit remittance method for domestic users. First, create a wallet address in OKEx. Click Assets at the bottom of the OKX app and select Deposit. Then select the coin to be transferred and create a wallet. Now, after selecting the coin to be transferred through “Deposit/Withdrawal” in the Upbit app, enter the wallet address and tag created in OKEx and press “Withdrawal Request”.
Step 6: Search and Transact
Now select Basic Trading at the top of the OKEx Exchange homepage. Click on the coin you want on the left side of the screen. Now enter the quantity you wish to purchase and click the Buy button to purchase. For reference, if you want to purchase coins using fiat currency, select “Buy Crypto” from the menu at the top of the homepage.
Conclusion
In this way, through cryptocurrency staking, you can enjoy profits more safely in a complex market.
With the ever-changing trends so far, we have looked into the 15 best types of coin staking in 2024. In particular, you must not only select the coin well but also select the appropriate platform.
If you are still a beginner or want to try a new cryptocurrency market, we recommend OKX. This is because it has a clean interface, is easy to use, and even first-time users can enter the market in just 10 minutes.
Additionally, if you missed the initial investment opportunity in Bitcoin, enjoy a new opportunity through Sponge V2 ($SPONGE), which provides high staking rewards and a burn mechanism.
Cryptocurrency is an investment product with no significant volatility and regulation.