Best (7) Crypto Staking Platforms in Africa and Beyond (2024) 


  • The staking platforms differ from each other in so many ways. Some platforms may have high interest rates on their coins compared to others and so on.

Staking: Staking is when you lock crypto assets for a set period to help support the operation of a blockchain. In return for staking crypto, users earn more cryptocurrency. There are many blockchains with which you can stake cryptocurrency. However, these blockchains should be Proof of Stakes such as Solana, Cardano, or Polygon. While searching for the best crypto staking platforms, it is important to note that the staking platforms differ from each other in so many ways. Some platforms may have high interest rates on their coins compared to others and so on. For this reason, we have compiled a list of the best seven (7) crypto-staking platforms in Africa and beyond (2024).

Delegators: Refers to cryptocurrency holders who deposit their coins for staking. 

Best Crypto Staking Platforms for those in Africa and Beyond:

  • Binance
  • Nexo
  • Zengo
  • StormGain
  • eToro
  • Crypto.com
  • Bybit

Binance

Binance was founded in the year 2017 by Changpeng Zhao, a Chinese software developer known to be a developer of high-frequency trading software.

Binance is considered one of the trusted and best crypto-staking platforms with a vast number of investors and users already holding a Binance account. Binance offers a variety of services for cryptocurrency investors. They provide staking offers, trading avenues, farming, and other margin trading. It is regarded as the mediator between cryptocurrency and fiat money as it enables investors or users to carry out exchanges and transactions with their credit or debit cards.

One can earn interest on his/her crypto by simply:

  • visiting a Binance staking platform
  • select the preferred cryptocurrency from the list of available coins for staking
  • choose between the flexible deposits and the amounts you want to stake
  • deposits are stored in a storage wallet

Nexo

Nexo is a licensed lending platform founded in 2018 in London, UK. It is one of the best cryptocurrency platforms with a custodian insurance policy. All accounts of the Nexo platform are guaranteed.  It allows you to borrow and buy cryptocurrency with high-interest earnings. It is the only platform with high interest rates. Interest earned is paid daily. Nexo is available worldwide in over 200 jurisdictions. It offers about 40 different currencies to either buy, borrow or swap from.  Multi-signatory wallets and cold storage are used to hold the assets of their users.

To earn interest on the Nexo platform;

  • Register and deposit any available and supported assets
  • A positive crypto balance will automatically generate a daily interest.

Zengo 

Another popular and trusted crypto platform is Zengo. The platform is known for its crypto earnings program which appears in the form of a crypto savings account. It is easy to access and register with just an email and a face scan for identification. The platform offers staking and lending services. The only staking feature available for Zengo is the Tezos(XTZ) assets but has plans to add more assets for more services.

When a user stakes, it takes an initial waiting period of 36 days with another few days cycle to accrue gains for the staker.

StormGain

The cryptocurrency exchange platform was created in 2019. StormGain offers a wide range of services such as staking, trading, and wallet storage. All these features make it unique and one of the best crypto-staking avenues for any investor. With an easily accessible interface and a friendly customized dashboard, it can host users all over the world. 

StormGain offers a variety of currencies for trading and staking. It also provides several technical guidelines and charting tools to enable investors in their activities. Interest rates on stablecoins are about 8% compared to bitcoin which has an annual percentage yield of 3%.

To start earning interest, investors and users should first register with stormGains and select the ‘earn interest’ page from its menu.

eToro

eToro was created in 2007 by the same company that launched Bitcoin CFDs in 2014 with a more updated form. The platform offers several services for trading and benefits like staking. It is a trusted and regulated company. It is best known for its social trading with staking being an added option available to users to make good use of. eToro provides a simple staking process with which earnings are paid every month. It also allows the staking of ETH, ADA, and TRX.

Crypto.com 

Crypto.com is one of the most popular cryptocurrency platforms. The company was founded in Hong Kong in 2016. It provides avenues for cryptocurrency exchange, crypto swaps, NFTs, staking, crypto wallet, and trading. Currently, it offers over 250 cryptocurrencies in over 90 countries. Its exchange offers are easily accessible. All Android and iOS users have the opportunity to trade and stake from the Crypto.com App. Users can also own a credit card to enable transactions from their accounts.

Bybit 

Bybit was founded in 2018 with its headquarters in Singapore. The cryptocurrency platform offers several charting tools that make trading easier for its users. It requires less commitment but offers the greatest security when it comes to online crypto trading. The platform is very precautious and ensures no server downtime, unlike other exchange platforms. It’s a fast exchange platform that boasts 100,000 transactions per second. Staking with Bybit comes with very low risk and an appreciative 5% interest earnings for stablecoins. To earn rewards on Bybit, users can select between fixed or flexible of 30 to 60 days.

Other cryptocurrency-trusted platforms are CoinLoan and BlockFi with similar services and features to the above-mentioned platforms. Check out for more updates.

 

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