Best Coins For Staking In 2020
Contrary to popular belief, cryptocurrency trading is not the only way to get it. There are various ways through which you can try and earn money using crypto. If you are going for passive income, then staking is the best way to do so. However, you need to be very careful with the type of coins that you are using for trading.
Usually, people think that there is only one way to make good money with crypto, and that is to buy them and then sell at a profitable rate. However, you can be smart about crypto without trading, there are several other ways to get the profit. Proof of Stake cryptocurrency that gives out good staking rewards is now very dominant. This is because they have real value and offer sustainability.
Today, in this article we will discuss staking. Therefore, to help you better we have compiled a list of the best staking coins 2020 that you cannot miss.
List of best coins for staking for 2020:
One of the most popular staking coins is NEO, it is a well-known cryptocurrency that can support various smart-contracts and is also known as “Chinese Ethereum”, due to its similarity in functionality including DAPPS and ICOs. NEO platform is programmed by Onchain, which is a blockchain company based out of Shanghai. NEO was previously known as “Antshares” and has just recently rebranded itself with a new identity and a few new features.
Side by side NEO, there is another cryptocurrency GAS, which can be used for skating in a NEO wallet with a very nice return profit margin. To get GAS, you must have it in your NEO wallet and not on any exchange except for Binance and Kucoin, which lets you stake them. Only a few other wallets enable you to claim the GAS. Therefore, it is very important to choose the correct wallet to get GAS in the form of dividends from its official website. Another plus point is that it does not require you to have open wallets at all times like the other Proof of Stake cryptocurrencies.
You will earn the return in the form of NEO-GAS, which is a one of its kind profit paid by the NEO to the investors that have invested in NEO coins. NEO stakers usually earn an annual return between 4 to 6 percent.
This is why it has made it to our list of best coins to stake 2020.
A few advantages of using NEO are:
- Smart contracts-enabled platform
- Digital identities and certificates
- Wide range of dApps
PIVX is a DASH product and is critically focused on privacy, it is an open-source blockchain project cryptocurrency. It offers extreme security and has special privacy-focused features. PIVX also supports extremely fast and efficient. It also has a very strong community following and very cheap fess. It should be a top choice if you are big on privacy.
The transactions aside from being very smart, fast, efficient and cheap, they also have a very promising and interesting cryptocurrency in the future as well.
Overall it is an optimal choice with a 5 to 8 percent return on investment annually. All in all, it is a very nice choice for staking crypto coins.
A few advantages of PIVX are:
- Privacy enabled features and transactions
- Extremely fast and efficient transactions
- The self-govern system is in place – which works on voting and proposal system for better development in the future.
PUNDI X (NPXS)
PUNDI X is a lesser-known coin but it is an excellent choice for staking. PUNDI X has always been in the news as it is popular for its noteworthy partnerships with an important point of sale companies and it is already in the news for being the very first cryptocurrency to be valid for retail.
At the beginning of 2019, PUNDI X incorporated the cryptosystem into a Verifone device, due to which they hoped that it would become common in shops and retails for both traditional transactions and cryptocurrency payments. All this was thanks to the Verifone’s Android-based point of sale terminal X990.
Their end to end system is open-sourced, which their team thinks is an essential feature for any blockchain project. They first planned to market with free merchant hardware to a target market for free.
PUNDI X has now launched a bundle of products that they plan to announce slowly and sell to consumers and merchants both.
You can buy 1.5 million of PUNDI X for $1000, which results in $220 return on investment, which yields to a 22.8% per annum.
NavCoin is the next cryptocurrency coin for staking.
NavCoin is another one of the open-source blockchain platform, which has its custom privacy enabled crypto-currency coin. It is a community-focused coin and is interestingly threefold. The first one of which is a privacy-based cryptocurrency, the second one is that it is very fast to send and the last is that it is very cheap.
Coming out at a return on investment of 5% per annum, it came up with an exciting feature at the end of 2018. It said that now you can stake your coins with a cold wallet without having to worry about security, which made transactions super-fast, easy and independent of an internet connection.
A few advantages of NavCoin are:
- Super cheap
- Fast and efficient
- Privacy based
Kodomo platform is working to build an ecosystem of blockchain. By that, they mean that they are working to develop a full range of products including a decentralized exchange, decentralized ICO, and a crowdfunding platform.
They are focused on interoperability, scalability, and security as their key identifiers. At the center of all this is the KMD coin, which promises a %% return on investment annually.
Its promising nature has compelled us to add it to the best staking coins 2020.
A few advantages of KOMODO are:
- It is strong, efficient and smart
- It has very strong security and privacy features
- They believe in interoperability with various blockchains
- Exchange and a crowdfunding platform
So here is our list of the top five best staking coins in 2020, let us know if you agree with us or if you would like to add something here!