I’m always looking to create passive income so staking cryptocurrency is a great and easy way to earn.
What is staking?
Staking is the process of holding funds in a cryptocurrency wallet to support the operations of a blockchain network. Essentially, it consists of locking cryptocurrencies to receive rewards.
My favorite staking coins are Tezos (xtz) and Cosmos (atom).
The fact that xtz is supported on Coinbase is one of its greatest selling points. It’s was to purchase and all you have to do is hold it in the exchange for a easy 4.9% annual return.
If you are looking for a slightly higher annual return. I like atom on the atomic wallet. Again it’s easy to buy and you use the staking feature in atomic wallet to start earning rewards.
What’s your favorite coin to stake?