Internet Computer Protocol (ICP) is a decentralized blockchain that offers a suite of software and internet services. The platform helps its users embrace decentralization with solutions that offer scalability and transparency. It runs web applications, data and many other programs using smart contracts. Utilizing its “Chain Key Technology,” ICP enhances security while making the verification process easy for users.
The network also becomes easily compatible with Web2 solutions and other blockchains. It aims to make the internet censorship-free and open-source, eliminating the hegemony of large tech firms. In addition, its native token can be staked for earning passive income. Lately, exchanges and wallets have started offering it as a service to their users.
It’s essential for the potential stakers to understand the staking mechanism before starting this practice. This includes the requirements, rewards, and supported staking methods. Users also need to consider the overall rewards, including APY, duration, and additional incentives. They need to compare the rewards provided by different platforms. Also, they can utilize the ICP calculator for this purpose.
So let’s explore the top platforms to stake ICP and see what they offer.
Top Platforms to Stake ICP
The top platforms to stake ICP make ICP staking easy, adaptable, and rewarding for digital asset users.
Bitrue
Bitrue is a prominent exchange that comes with a melange of features. Its users can trade with more than 700 cryptos to diversify their portfolio. The trading types include spot, ETF, copy, OTC and futures with up to 125x leverage. For passive income, the platform offers DeFi liquidity mining, crypto loans, and staking with a feature called “Power Piggy.” ICP stakers can earn up to an APY of 0.465% without any locking periods.
The minimum amount required to hold is just 10 tokens. Traders can also access multiple order types, including stop/loss, market, and limit. For security, Bitrue brings KYC, IP whitelisting, email safety codes, KYC, insurance fund, and two-factor authentication. The platform offers a competitive fee on trading, along with rewards. With AI-based tools, the platform makes predictive analysis, risk management, and decision-making effective.
OKX
Staking ICP at OKX marries effortless DeFi innovation with comprehensive Web3-enabled security to bring tokenholders next-generation possibilities for earning money. OKX’s Auto-Earn staking program allows users to stake ICP from their trading accounts into a flexible and high-liquidity rewards protocol without technical friction, simply opt-in and see your APY.
OKX will manage your staking on your behalf, but you have freed ICP assets to take advantage of using them in the trading platform ecosystem while earning compounding returns. Staking will be administered with the industry’s top level of security and risk management, allowing for complete peace of mind for participants. Stakers will still have the ability to claim rewards or change-staking positions with little to no lock-up or penalty. For those looking for assured earnings in Web3 staking, using OKX represents a smart strategy to maximize the potential outcomes of ICP throughout 2025.
Ledger
The Ledger wallet comes with many attributes that make it quite useful for crypto enthusiasts. Users can manage their assets offline, keeping their assets isolated from online threats. It comes integrated with a Secure Element Chip that makes private keys inaccessible to others. To beef up the security, it implements a 24-word recovery phrase too. Users have to physically confirm their transactions as well. It’s definitely one of the top platforms to stake ICP.
Moreover, the wallet comes with a custom operating system known as BOLOS. It strengthens the protection of assets and makes their management better. The platform offers staking to allow token holders to earn passive income. The ICP stakers can pair the NNS wallet with Ledger, which makes the process easier. It’s compatible with over 5500 cryptos, NFTs, dApps, and various other DeFi platforms.
Binance
Binance is a leading exchange that’s known for making crypto trading easy, safe, and fruitful. The platform lets traders buy and sell over 350 digital assets. It also offers low trading fees along with discounts. The multiple trading options include spot, margin, P2P, and futures with high leverage. With a user-friendly interface, the platform becomes convenient for beginners as well as proficient investors.
To safeguard assets, it applies data encryption, real-time activity monitoring, cold storage, and Proof of Reserves. Users can also access a dedicated marketplace while enjoying instant and global payments. It also supports staking, along with liquidity farming and token sales for passive income. ICP stakers can earn up to the APY of 0.13% to 6.9% with varied locking periods as well. The minimum required amount of token is 0.1 ICP.
NNS
NNS is an on-chain decentralized autonomous organization (DAO) that manages the Internet Computer (ICP) network. Even if it’s a part of ICP, NNS is also treated as a standalone platform. It handles all software and protocol-level upgrades. Furthermore, it strengthens the parent network’s security. The platform also generates rewards through staking and handles all the resources of the network. Many consider it among the top platforms to stake ICP.
The ICP holders can earn up to 8% APY, which is also time-based. NNS oversees the participation of nodes as well as expanding the blockchain’s ability. The token holders also ascertain the future of the network by voting on proposals. It brings up the concept of liquid democracy by automating the voting of neurons. The platform allows flexibility while letting users affect network upgrades, policies, and security.
Bybit
Staking ICP on Bybit delivers an effortless blend of security, flexibility, and competitive yields for savvy investors seeking passive growth. Bybit’s staking program allows users to stake ICP seamlessly without complicated onboarding simply deposit, select a flexible or fixed term, and watch rewards accumulate.
The platform’s transparent APY schedule puts real earning potential in focus, with regular updates and clear locking conditions to help optimize returns. With flexible staking options, participants can unstake ICP at their convenience, maximizing liquidity and minimizing missed opportunities. Bybit’s enterprise-grade security framework and meticulous risk management ensure that assets remain safeguarded throughout the staking cycle. For traders and long-term holders alike, staking ICP on Bybit is the smart move to unlock value, harness Web3 rewards, and compound future returns in a single, streamlined platform.
Best
Best Wallet is a non-custodial crypto storage application that comes with several features. It is compatible with more than 50 blockchains and offers various decentralized attributes. Users enjoy advanced attributes along with high accessibility and transparency. It comes with a mobile-centric platform, giving control and ownership over their private keys. Running on Ethereum, it promotes security as well.
The platform supports staking to offer passive income on multiple assets. ICP holders can earn high APY with favourable terms. It implements robust security measures to safeguard funds and keep attacks at bay. Investors get a chance to invest in early-stage projects to ensure long-term profits. On top of it, Best delivers an integrated decentralized exchange that supports several DeFi-based activities. It’s surely one of the top platforms to stake ICP.
Conclusion: Top Platforms to Stake ICP
Staking plays a pivotal role in building a community of any growing network. It does the same for ICP as well and generates potential rewards for participants, too. Currently, the network provides an annual yield of 8% along with voting rights. Through NNS, the network does a good job of easing this process. As a result, many networks are adapting it and making it more accessible.
However, if you want to make the most of staking, stay updated with networks offering this service. That’s because a small change or upgrade could impact the process and consequently, the rewards. They can also engage with the community on forums and social media for more information.
Top platforms to stake ICP are making this practice incentivized and easy to undertake. However, users need to choose them after thorough research and analysis.
Frequently Asked Questions
What is ICP staking and how does it work?
Staking ICP means that you lock your tokens on supported platforms to help secure the network, vote on governance, and earn rewards. In exchange for voting rights and supporting the operations of the network, stakers can earn annual yields equal to 0.1% to 8% based on the platform and terms selected.
Which platforms are top platforms to stake ICP?
The best platforms to stake your ICP are NNS (for maximum decentralization and voting power), Binance or Bitrue (for exchange-based staking with the flexibility of converting to other tokens), Ledger (for staking ICP on a hardware wallet), and Best Wallet (for a non-custodial option). Each platform pays different APYs, ranging from about 0.1% to as high as 8%.
What are the risks of staking ICP?
Similar to any staking activity, users are subject to risks related to market volatility, lock-up restrictions for tokens, slashing events on certain protocols, and once again, exposure to distinct protocols’ risks (which admittedly may not apply to all protocols). While hardware wallets (like Wallets from Ledger) can prevent abuse of the coins on exchanges, centralized exchanges increase custodial risk. It is always best to do your own research (DYOR) before staking ICP.
