Chainlink (LINK) is one of the most promising crypto projects. Its technology helps to promote interoperability between blockchains, which is a much needed technology in the crypto world.
This makes the native token of the platform, LINK, a valuable investment asset for the future. While you can just buy and hold the token to make gains, you can explore other ways of earning passive income from it, such as staking.
There are different ways to stake LINK, and there are different platforms that allow users to stake it. However in this guide, we highlight only the best 5 of those platforms that you can use to start staking and earning today.
They vary in many ways, including the interest rates, fees, and other factors you must have in mind when choosing which one to use.
Nexo
Nexo is a top destination for staking LINK because of its high APY of up to 7%. However, how much rewards a user earns depends on the different staking settings that the wallet holder sets. The settings affect how much you can earn, as well as how the rewards are paid to you.
Stakers are also placed in four distinct loyalty levels, depending on the percentage of NEXO tokens the staker holds. Those with 10% or more NXEO tokens belong to the highest level, and enjoy the highest earning potentials.
You may also choose to earn in LINK tokens by default, or NEXO tokens which entitle you to 2% more yield. You may also go for flexible staking which lets you unstake your LINK anytime, or the fixed term staking for a month.
Binance
Binance is the leading crypto exchange in the world by trading volume, no wonder it is one of the best platforms for staking LINK. If you stake enough LINK on Binance, you can earn a reasonable income regularly, as it pays out rewards daily.
The platform is ideal for use by both experienced and beginner stakers because of its design. Binance also charges very low fees which make it attractive for those looking to buy some LINK on the spot and stake.
The downside is that Binance’s LINK staking rewards are relatively low. If this doesn’t matter to you, it is a great and safe place to start staking LINK today. You can access it as a mobile app for both Android and iOS, or on the web.
Kraken
Kraken is a top choice for a centralized crypto exchange when it comes to staking of assets. It has a robust staking service provided through its Pro platform. The service is accessible to users from all over the world, except for those in the US and a few other countries.
You can earn as high as 25% APY for staking LINK on Kraken. While Kraken doesn’t charge for commissions, it does charge a percentage of your rewards as administrative fees. The platform is known for low trading fees, so you can always do more with your LINK.
OKX
OKX offers advanced features not just for trading but also for staking crypto assets. You can use it to stake LINK as well as over 100 other crypto assets. The platform pays daily LINK staking rewards at 1% APY.
Unfortunately, LINK staking is only available off-chain, meaning the possibilities are quite limited. On the bright side, there are over 100 payment methods you can use to buy LINK, which is more than anything any exchange can boast of.
Nebeus
Nebeus is a platform that offers a wide array of services, including LINK staking. Users can earn up to 3.5% RPY for staking LINK with no lock up periods or minimum requirements. Depositing fiat cryptocurrencies like EUR and GBP is absolutely free.
In addition, the platform doesn’t charge any fees currently for staking LINK, which is a major advantage. Nebeus however only pays out once in 30 days, which is a long time to wait for some people.
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