OKX – World-Class Crypto Staking Platform Offering
Highlights
Pros&Cons
Pros
- Earn up to 300% APY for specific tokens
- Offers trading on 340+ crypto tokens
- 20+ million users around the world
- Flexible staking or lock-in periods for higher rewards
- Interest is paid out hourly
Cons
- Doesn’t specify fees for purchasing crypto with a credit card
- Past security incidents.
Another top pick for staking cryptocurrencies in 2024 is OKX. This global crypto exchange offers trading on more than 340 popular cryptocurrencies and gives investors a chance to earn interest on many of them.
OKX’s staking platform is integrated right into the exchange, making it very simple to use. Users can choose from a wide selection of coins to stake, some earning up to 70% APY. Many coins are available to stake with flexible staking periods and there are higher rates available for 15, 30, 60, 90, or 120-day lock-up periods.
In addition to DeFi crypto staking, OKX has crypto savings accounts where investors can earn interest on their tokens. These accounts offer up to 300% APY for certain tokens. Stablecoins like Tether and USD Coin each earn 10% APY, while Bitcoin and Ethereum each earn 5% APY. There are no lock-up periods for tokens in an OKX savings account.
OKX pays out interest every hour, so investors can start compounding their returns right away. OKX is also one of the best yield farming crypto platforms with APYs as high as 6.52% on given crypto crosses.
OKX makes it easy to buy crypto and then stake it. The exchange accepts credit cards, debit cards, bank transfers, and e-wallets to purchase crypto with a minimum trade size of $10. On top of that, the fee to buy crypto on OKX is just 0.10% – among the lowest trading fees in the industry.
Learn more about staking platforms: Staking Platform
