Staking cryptocurrency can be a great way to earn passive income. There are lots of benefits to doing so, including the potential to earn interest income on your holdings. In this post, you’ll learn the basics of staking and how it’s handled professionally through a Blockchain-based service. We also have a list of the best Bitcoin staking as a service platforms for 2022.

What is Staking?

In cryptocurrency, staking refers to locking up a digital asset and securing a blockchain network. In the process, participants also get a share in the block reward.

Staking is a form of validation for a Proof-of-Stake algorithm. In order to validate the network, you would stake a certain amount of tokens as a promise to maintain network integrity by safeguarding transactions and updating the blockchain should there be malicious actors trying to delete records. Stakers with larger stakes have a higher chance of being selected each block for block rewards. This is because staking is based on random selection, combined with the size of the stake.

The Proof-of-Stake (PoS) consensus algorithm is an alternative to PoW. Unlike PoW, which requires extremely energy intensive calculations to solve the puzzle, PoS does not require expensive machines. The use of PoS consensus protocols is considered to be more environmentally friendly, and many consider it to be the future.

What are Staking-as-a-Service Platforms and How Staking-as-a-Service Platforms work?

Services that enable you to stake your Proof-of-Stake cryptocurrencies via a third party server are becoming more popular and for good reason. They make it easier for you to get started and save some time, while the fees they charge make this additional step worthwhile.

Participating in the staking economy has been difficult for non-technical people, but staking-as-a-service platforms make it easy for everyone to join.

“Soft staking” is a way of earning tokens by providing them as stake in a staking network; anyone can do it by depositing tokens to third-party services.

Staking is becoming more popular with the introduction of whole new exchanges on the market. There are already a few leading exchanges where you can stake your coins to calculate bonuses based on the number of coins you stake.

Staking cryptocurrency offer investors an opportunity to earn interest by leaving their tokens in their exchange wallet. With crypto staking, the exchange handles the technical side of the process and usually charges a small fee for its services.

This article lists the most trusted cryptocurrency staking-as-a-service providers on the market today. These providers specialize in one specific area only and you can select to invest in their various offers according to your personal preference.

Top 10 Staking Service Providers

Figment Networks

Figment offers “institutional grade infrastructure, software, and tools for token holders and stake-based blockchains.”

Founded: 2019

Stakable Assets: Ethereum (ETH), Polkadot (DOT), Tezos (XTZ), Livepeer (LPT), Chainlink (LINK), Cosmos (ATOM), Solana (SOL), ICON (ICX), Algorand (ALGO), Aion (AION), and Kava (KAVA)

Staking Fees: 0 – 15%

MyCointainer

MyCointainer is an Estonian regulated staking-as-a-service provider that enables crypto investors to soft stake a wide range of PoS coins via an easy to use online platform.

Founded: 2019

Stakable Assets: Phore (PHR), PinkCoin (PINK), Bitbay (BAY), CloakCoin (CLOAK), PIVX (PIVX), Particl (PART), NavCoin (NAV), OKCash (OK), Wagerr (WGR), BlackCoin (BLK) and many more.

Staking Fees: 0% – 28%

Stake Capital

Stake Capital is a Paris-based group specializing in financial instruments & services related to decentralized finance.

Founded: 2019

Stakable Assets: Loom Network (LOOM), Cosmos (ATOM), Livepeer (LPT), Idex (IDEX), Tezos (XTZ), Kava (KAVA), Aion (AION) and many more coming soon.

Staking Fees: 0% – 10%

Stake.Fish

South Korea-based company Stake.Fish offers one of the most popular staking services in the industry, which allows users to stake various cryptocurrencies & other resources.

Founded: 2019

Stakable Assets: Alogrand (ALGO), Cosmos (ATOM), Livepeer (LPT), Tezos (XTZ), Cardano (ADA), Kava (KAVA), Solana (SOL) and Aion (AION)

Staking Fees: 10% – 20%

Staked

Staked is a marketplace connecting investors with opportunities to earn more from their crypto, whether by staking it for interest or by lending it to others.

Founded: 2019

Stakable Assets: Tezos (XTZ), Livepeer (LPT), Decred (DCR), and Cosmos (ATOM)

Staking Fees: 0% – 54%

Stakinglab

StakingLab is a German staking-as-a-service platform with global reach. They have clients all over the world who are utilizing their services to stake their crypto, powering masternode networks for different digital assets.

Founded: 2019

Stakable Assets: Phore (PHR), PIVX (PIVX), Reddcoin (RDD)

Staking Fees: 7.5%

Staking Facilities

Staking facilities in Germany with their enterprise-grade validator infrastructure will allow blockchain investors to stake proof of stake assets in order to (potentially) earn investment income on their digital assets.

Founded: 2019

Stakable Assets: Tezos (XTZ), Cosmos (ATOM), Aion (AION)

Staking Fees: 5% – 20%

Stakewith.us

StakeWith.Us is based in Singapore and offers Staking infrastructure, where you stake your cryptocurrency to earn more rewards. They do this with a self-service interface that means you can go through the process yourself!

Founded: 2019

Stakable Assets: Kyber network (KNC), Cosmos (ATOM), Terra (LUNA), Kava (KAVA), Band Protocol (BAND) and IOV (IOV).

Staking Fees: 10%

P2P Validator

P2P Validator is a new and innovative platform that lets users stake their assets on over 25 networks to get access to different cryptocurrencies. Take care of your digital investments responsibly with P2P Validator.

Founded: 2018

Major Stakable Assets: Ethereum (ETH), Cosmos (ATOM), Polkadot (DOT), Tezos (XTZ), Solana (SOL), Cardano (ADA), Marlin (POUND), and many others.

Staking Fees: 3% – 15%

Dokia Capital

Dokia Capital is a staking-as-a-service provider in Bucharest. It allows you to delegate assets directly from your wallet without having to trust another party. This way, you’ll start earning rewards right away.

Founded: 2019

Stakable assets: Cosmos (ATOM), Terra (LUNA), NEAR Protocol (NEAR), Polkadot (DOT), Solana (SOL), IRISnet (IRIS), and many more.

Staking Fees: 5% – 15%