Binance makes staking easy and offers some of the highest yields on the market, which means there are plenty of passive income opportunities available on the platform.
We have gathered the best coins to stake on Binance right now, along with a brief guide on how to start earning interest on your crypto.
How to Stake on Binance in 3 Simple Steps
Staking on Binance is straightforward, so you can put your crypto to work and start earning passive income in just a few minutes. Here are the steps to follow.
1. Sign up and fund your account. Create a Binance account and verify your identity by uploading ID photos and proof of address. Then fund your account using your preferred payment method.
2. Buy the tokens you want to stake. Find your chosen coin in the Markets section. Enter the amount you want to buy and complete the trade.
3. Stake your tokens. In the Earn section of the site, select Staking. Find your token and choose a staking period—the longer you lock your tokens, the higher the return is likely to be.
Now that you know how to get started, here are our top staking picks on Binance.
1. Solana (SOL)
Binance is currently offering yields well above market rates for Solana stakers. Locking SOL for 30 days can yield an annual return of 9.28%, and stakers can earn up to 13.21% with a 90-day lock period.
Solana has often outperformed Bitcoin and Ethereum during bullish moves, and with SOL currently trading lower, investors buying now could benefit from both staking rewards and potential price appreciation.
You can buy and stake Solana on Binance today, or consult a detailed Solana buying guide for more information.
2. Terra (LUNA)
Terra stakers can earn an APY of 18.29% if they lock their LUNA for 90 days. This makes staking LUNA on Binance one of the most lucrative passive income options among major coins.
Annual returns near 20% are rare for coins in the large-cap range, so income-focused investors may want to consider this staking opportunity.
Get started by buying and staking Terra on Binance, or read our Terra buying guide for further details.
3. Avalanche (AVAX)
Buy and stake AVAX on Binance to earn up to 21.2% annual yield (90-day lock). Even the shortest staking period (30 days) offers stakers an APY of 12.3%.
These interest rates dwarf what traditional savings accounts offer. With AVAX being an increasingly popular token, there’s potential for price gains in addition to attractive staking returns.
Sign up with Binance to start staking today. If you want more background, read our guide on how to buy Avalanche before making a purchase.
All price and yield data were accurate at the time of writing, according to Binance.