December 5, 2023

TOP 5 cryptocurrencies for staking – receiving income from storage

TOP 5 cryptocurrencies for staking - earning income from storage

To most people, the cryptocurrency market seems unfamiliar and quite dangerous, and making money on ithardly possible. The same prejudice concerns getting a moment when you start your own mining farm.

Fortunately, there are more affordable and lesscostly options such as cloud mining and altcoins with the PoS consensus algorithm. To passively earn money by storing altcoins with the PoS algorithm, you most often need to have the necessary (usually small) amount of coins with you.

Several major cryptocurrency exchanges, including KuCoin, offer automatic staking on their platforms.

Given the decline in prices leading to higherprofitability, and simplification of the staking process, the investment attractiveness of PoS altcoins is increasing, and may be a good idea for investments in the last quarter of the year.

Here's a look at five altcoins with yields greater than 5% that might be worth a look in September: Decred (DCR), Cosmos (ATOM), IOStoken (IOST), KuCoin Shares (KCS) and Komodo (KMD).

TOP 5 cryptocurrencies for staking - earning income from storage


As can be seen from the table, most coins are notrequire significant investment for staking, and it’s quite easy to start working with them. Perhaps the most famous of them are KuCoin and Cosmos, in recent years more attention has been paid to them in connection with the price increase.

For those who are accustomed to dealing with bitcoin(BTC) or broadcast (ETH), several applications and platforms are offered, for example, the Celsius Network, where users can earn up to 3-6% of their invested assets.

Regardless of anything, it is important to remember that the cryptocurrency market is fraught with high risk, since lower prices can adversely affect profit.