However, that would also mean that the yields provided will be different. Depending on the time frame and market conditions, most of them will return. Investors must note that many of these options have been sold out due to popularity. The advantage of OKX compared to other platforms is there are six methods to stake ATOM tokens with fixed and flexible terms available as follows: Many are sold out.įirstly, OKX's off-chain staking is essentially a savings account. Only then can the traders withdraw their earnings from their Coinbase account.ĪTOM staking options on OKX. To get the full extent of their rewards, users must wait for Coinbase to unstake their tokens from the Cosmos network. While it would ideally mean that users can't withdraw their earnings at any time – it is not the case. Another point to note is that staking ATOM on Coinbase means no locking period. As of January 9th, 2023, the standard commission is 25% for ATOM according to the Coinbase website. The other major disadvantage of ATOM staking on Coinbase is the commission. There is no option to choose a validator. It also means that the simple process of staking ATOM through Coinbase comes at a cost. In other words, users are staking Cosmos through Coinbase as a "quasi" delegator – interacting with the Cosmos chain through their wallets and delegating tokens to the Coinbase-selected delegators. Special attention must be paid when staking ATOM because the rewards vary depending on the validator's performance to secure and support the Cosmos network. However, it is important to know that Coinbase is not infallible it does change the rewards with time – sometimes for the worse and sometimes for the better. The only issue we found is that the DeFi-staking for ATOM is currently unavailable on Binance. There is no fixed plan and users can switch the staking funds to trade Cosmos on Binance. Users can also benefit from the staking rewards in addition to potential trade profits on the spot or margin exchange. The simple earn program is a good starting point for those who want to earn cryptocurrencies while holding them, and with dual investment, the opportunity to earn massive income through higher double-digit APR is high. Overall, Binance is the best place to stake ATOM in our view. That said, those willing to learn will find that Binance provides many articles and blogs in its knowledge banks. The issue, however, lies in the platform's UI – it is not exactly user-friendly. Listed below is the breakdown of how much APY users can earn by staking ATOM under the Simple Earn program on Binance. There are also zero staking fees and commissions. Binance investors must have at least 0.001 ATOM to qualify for staking rewards, which has been reduced from 1 ATOM last year. However, advanced traders willing to delegate a portion of their crypto to the Simple Earn program and have no intention to use it for the staking period can opt for fixed-term staking. This comparison guide provides an overview of where to stake Cosmos (ATOM) to earn rewards and a passive income. Guarda wallet (runner-up wallet for staking).Ledger wallet (best ATOM staking wallet for security).Coinbase (best way to stake ATOM for beginners).
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