Stellar is an open-source decentralized network known for delivering multiple attributes to crypto users. It processes cross-border transactions while making it low-cost and swift. The blockchain focuses on inclusion and integrates traditional payment systems. Its native token XLM is also quite energy efficient and supports solutions like tokenization, remittances, and payroll. Besides that, it can be staked for passive income too.
Today, a large number of platforms offer it as a service. However, stakers must keep in mind that Stellar (XLM) isn’t technically a traditional Proof-of-Stake network. Thus, its holders can’t stake it like other on-chain assets. However, several platforms offer XLM staking via custodial lending, staking, or similar yield products. The top platform to stake XLM make this activity more accessible and fruitful for digital asset users.
Top Platforms to Stake XLM
The top platforms to stake XLM make XLM staking highly adaptable and rewarding for all participants by offering compelling yield opportunities and secure environments. These platforms not only simplify the staking process but also provide a wide variety of trading features, ranging from advanced trading tools to educational resources, helping users maximize passive income and enhance their overall crypto investment experience.
HTX
Formerly known as Huobi, HTX is an exchange known for providing diversified solutions to crypto users. Users can buy, sell, and trade more than 700 digital assets and 100 fiat currencies, too. It operates in over 160 nations while making blockchain adoption easier for people. Investors can engage in various trading types, including futures, copy, grid, and margin, with up to 200x leverage.
It functions as a decentralized autonomous organization (DAO) empowering the community with governance and staking rewards. XLM stakers can earn up to 100% with a locking period of 7 days. For security, it implements cold storage and 2FA while complying with KYC and AML norms. Deploying bots and advanced tools, HTX makes the trading of cryptos more strategic and simpler. It’s considered among the top platforms to stake XLM.
YouHodler
YouHodler stands out as a user-friendly and reliable platform for earning yield on XLM. Unlike some yield programs, YouHodler does not require users to purchase its native token or lock funds long term, offering a flexible experience with competitive interest rates. Depositors earn weekly compounded interest on their XLM balance, with returns credited directly to their wallets. The platform’s transparent dashboard allows easy tracking of gains, making it suitable for both beginners and seasoned investors.
YouHodler keeps custody of users’ XLM while enabling them to access additional crypto services such as MultiHODL trading and crypto-backed loans, which adds value beyond mere staking rewards. Regulatory compliance in Europe and Latin America enhances its credibility, positioning YouHodler as a top choice for flexible XLM yield generation amidst evolving regulatory landscapes.
Bitrue
Bitrue is among the emerging exchanges that offer many digital financial services. Users can buy, sell, and trade over a wide selection of 700 cryptos. They can diversify their trading profile with spot, futures, and leveraged ETFs. For passive income, the platform provides crypto-backed loans and staking solutions. XLM holders can earn up to 18.36% APY with a locking period of 3 days.
To safeguard assets, the platform implements 2FA, email safety codes, an insurance fund, and a multi-signature cold wallet. Bitrue is popular among traders for offering a competitive fee structure along with discounts. Users can also access OTC trading and manage their cryptos seamlessly. They can convert their assets and utilize services like high-yield farming. It’s known for its global tie-ups and handling high trading volumes too.
Biconomy
Biconomy is a blockchain infrastructure protocol known for enhancing as well as simplifying crypto usage. It gives a push to interoperability and supports a vast range of dApps. Gasless transactions are one of its major highlights that make digital assets more adaptable. The network aims to make Web3 technology more advanced as well. It reduces the technical complexities of blockchain and simplifies wallet usage, too.
The users can even customize their interface and security options based on their preferences. It offers staking to enable users to earn passive income. XLM holders can earn up to 30% APY with a locking period of 365 days and 12.5% with a flexible model. Developers can use its SDKs and APIs for creating new dApps. Biconomy facilitates cross-chain interactions while supporting NFT marketplaces and blockchain-based games. It’s definitely one of the top platforms to stake XLM.
Poloniex
Poloniex has become a go-to crypto exchange for many crypto users. It lets traders buy, sell, and trade over 200 assets, including altcoins and major ones like Bitcoin. Supporting multiple trading types, the platform handles a huge transaction volume, too. Users can indulge in margin, spot, futures, copy, and grid while enjoying a competitive fee. Investors can buy and sell assets using credit/debit cards, Google/Apple Pay.
They also get free deposits on cryptocurrency but pay a small charge on withdrawals. It offers a large number of refined tools to make analysis and charting simpler. Users can engage with staking to gain additional yields. XLM stakers earn up to 100% APY with a locking period of 7 days and 1% without one. Poloniex currently operates under the TRON ecosystem and provides services to various countries.
Nexo
Nexo’s crypto lending ecosystem offers competitive interest rates on XLM deposits, making it a favoured choice for users who seek both yield and convenience. XLM holders receive a base yield around 4%, with the possibility of boosting this to 5% APY by opting for fixed-term deposits, typically locking assets for at least one month. Nexo’s intuitive interface and mobile app streamline the process of earning interest, and daily compounding maximizes returns efficiently.
Security is a significant pillar for Nexo, which employs insurance coverage over custodial assets and robust cybersecurity protocols. However, potential users should note regional restrictions, such as the platform’s limited availability in some US states. Overall, Nexo is ideal for investors who want a trusted centralized platform offering strong interest rates combined with low entry barriers and professional asset management.
Whitebit
Whitebit is a European crypto exchange that delivers a wide of features to crypto users. They can buy, sell, and trade several assets and over 700 trading pairs. Investors can engage with margin, spot, and futures with up to 100x leverage. The ecosystem offers its native token, WhiteBIT coin, a blockchain infrastructure, and Whitepay, a financial payment tool. Users can also stake their tokens to earn passive income.
XLM holders can earn up to 17.39% with varied locking periods. The platform offers an intuitive interface, making overall usage easy for everyone. To tighten security, it conducts regular audits while implementing Level 3 certification. Whitebit boasts of a user base of 5 million with a range of financial services. The fee is also very competitive to encourage traders to participate in the buying/selling of various cryptocurrencies. It’s certainly one of the top platforms to stake XLM.
CoinW
CoinW is a global exchange that provides a slew of fruitful solutions. Users can buy, sell, and trade over 1000 assets and 500 trading pairs. In terms of trading, they can deal with spot, margin, OTC, copy, and futures with up to 200x leverage. With a user base of 10 million, the platform handles a daily trading volume of $5 billion. It delivers ease of usage on desktops as well as mobile phones.
To safeguard assets and information, it applies cold storage and multi-layer security protocols. Users can engage in staking and liquidity programs for passive earnings. XLM holders can earn up to 41.94% with a locking period of 3 days and 2.96% without one. The automated trading bots and advanced tools make analysis much easier. Moreover, beginners get educational resources through CoinW Academy to sharpen their knowledge.
Final Words: Top Platforms to Stake XLM
XLM staking could become a promising source of income. However, users need to do their due diligence before getting into it. As Stellar is broadening its user base, its staking volume is also increasing. Still, the users need to be wary of different factors that impact the returns. There are many exchanges and other blockchain service providers offering this service now.
Top platforms to stake XLM deliver impressive rewards to the holders. They are giving great opportunities to crypto users to secure potential income.
Frequently Asked Questions
What is Stellar (XLM) staking, and how does it differ from traditional PoS staking?
Stellar doesn’t use traditional Proof-of-Stake consensus, so XLM can’t be staked on-chain like standard PoS tokens. Instead, staking on platforms usually means custodial lending or yield products where platforms lend or invest locked XLM and share interest earnings with users.
Are the top platforms to Stake XLM secure?
Top staking platforms implement strong security protocols such as cold storage, two-factor authentication, multi-signature wallets, and regulatory compliance (KYC/AML). However, users should always conduct due diligence since custodial staking involves third-party risks.
What additional services do these top platforms to stake XLM provide?
Besides staking XLM, platforms like YouHodler and Bitrue offer crypto-backed loans, advanced trading options (margin, futures), automated bots, and educational resources. This helps users diversify investment and trading strategies while earning passive income on XLM.
